Page 858 - Commodity News
Copper down by 0.3% on global cues
A subdued trend overseas and low spot demand affected prices
 "Copper down by 0.3% on global cues")
Oil prices lower in Asian trade as Iran ties thaw
Unexpected surge in US crude stockpiles affected prices
 "Oil prices lower in Asian trade as Iran ties thaw")
It's an appropriate time to introduce structural reforms: C S Verma
Interview with Chairman, NMDC
 "It's an appropriate time to introduce structural reforms: C S Verma")
Gold punters expect a stable rupee
Big discounts in far-month futures give indication
 "Gold punters expect a stable rupee")
Polished diamond import: Unkind cut for jewellers
Jewellers have urged government to cancel the trading licences and freeze finances to such traders
 "Polished diamond import: Unkind cut for jewellers")
After wheat fiasco, FCI cuts rice target
This is despite the 92.3-mt rice crop forecast by the government in the first advance estimates
 "After wheat fiasco, FCI cuts rice target")
Punjab banks on dryers to boost maize cultivation
Govt also approves transfer of 100 hectares of land to ICAR for maize research facility
 "Punjab banks on dryers to boost maize cultivation")
Onion, cotton, cotton yarn exports lose export incentives
At present, there is minimum export price of $900 billion on onion
 "Onion, cotton, cotton yarn exports lose export incentives")
Onion prices to soften with arrival of new crop: Sharma
The vegetable is being sold at Rs 60-70 per kg in most retail markets despite a falling trend in wholesale markets
Turmeric down 2.4% on profit-booking
Subdued demand from local and overseas buyers against mounting stocks mainly put pressure on sentiment
 "Turmeric down 2.4% on profit-booking")
Potato up 1.9% on rising demand, limited supply
Potato for March contract traded higher by 1.52%
 "Potato up 1.9% on rising demand, limited supply")
Castorseed down 1.1% further on renew selling
Castorseed for the October contract fell by 1.08%
 "Castorseed down 1.1% further on renew selling")
Rice production in West Bengal likely to be higher
Use of high-yielding seeds and a good rainfall are expected to boost rice productivity this year
 "Rice production in West Bengal likely to be higher")
Govt allows FCI to sell 1 mn tonnes wheat to small millers
Move to enable small millers get access to govt procured wheat which will bring down open market rates
 "Govt allows FCI to sell 1 mn tonnes wheat to small millers")
Cardamom down 1% on low demand, higher arrivals
Cardamom for delivery in November traded lower by 0.4%
 "Cardamom down 1% on low demand, higher arrivals")
Crude palm oil down 0.2% on profit-booking
Subdued demand in the spot market, weak trend overseas influenced crude palm oil futures prices
 "Crude palm oil down 0.2% on profit-booking")
Mentha oil down 0.4% on supply pressure
The oil for delivery in September declined by 0.38%
 "Mentha oil down 0.4% on supply pressure")
Gold futures up 0.3% on firm global cues
Analysts attributed gains in the precious metal at futures trade to a firm trend in overseas markets
 "Gold futures up 0.3% on firm global cues")
Zinc down 0.1% on subdued demand, global cues
Zinc for delivery in September traded lower by 0.09%
 "Zinc down 0.1% on subdued demand, global cues")
Nickel down 0.2% on subdued spot demand; overseas trend
Nickel for delivery in September traded lower by 0.21%
 "Nickel down 0.2% on subdued spot demand; overseas trend")