Page 859 - Commodity News
Lead down 0.3% on global trend, subdued demand
Lead prices for delivery in September fell by 0.27%
 "Lead down 0.3% on global trend, subdued demand")
Copper down 0.3% on global cues
Analysts attributed the fall in copper futures to a weak global trend
 "Copper down 0.3% on global cues")
Crude oil up 0.4% on firm overseas cues
Crude oil prices for November up by 0.34%
 "Crude oil up 0.4% on firm overseas cues")
Oil prices rise ahead of US stockpiles report
Investors expect a US stockpiles report to show a fall, indicating firm demand in the world's top crude consumer
 "Oil prices rise ahead of US stockpiles report")
South Indian cement makers explore export options
With rupee depreciating, companies feel they can compete with local companies abroad
 "South Indian cement makers explore export options")
Cotton yarn export boom likely after Chinese policy shift
To hit new milsestone of 2,000 million kgs this year on dramatic shift in Chinese policy on textile raw material import
 "Cotton yarn export boom likely after Chinese policy shift")
Karnataka sets ball rolling for auction of Category 'C' mines
Vests all mines with Mysore Minerals to conduct the auction
 "Karnataka sets ball rolling for auction of Category 'C' mines")
Cotton futures to rise as rains delay arrival
Traders expect cotton prices to start softening once arrivals from the new crop gain pace
 "Cotton futures to rise as rains delay arrival")
Chilli down 3.9% on increased selling, higher output
Spice for delivery in November lost 3.26%
 "Chilli down 3.9% on increased selling, higher output")
Nickel down 0.4% on sluggish demand, global cues
Analysts attributed the fall in nickel prices at futures trade to subdued domestic demand
 "Nickel down 0.4% on sluggish demand, global cues")
Copper down 0.8% on global cues
Analysts attributed the fall in copper futures to a weak global trend
Manufacturing pesticide for export, export norms to be relaxed
Liberalization aimed at making India hub for manufacturing pesticides especially those through buying technology from foreign companies
 "Manufacturing pesticide for export, export norms to be relaxed")
Castorseed down 2.1% on aggressive selling
November contract slided by 1.9%
 "Castorseed down 2.1% on aggressive selling")
Silver futures down 0.93% on global trend
Silver for delivery in December traded lower by 0.78%
 "Silver futures down 0.93% on global trend")
Crude palm oil up 0.5% on rise in demand
The oil for delivery in October moved up by 0.43%
 "Crude palm oil up 0.5% on rise in demand")
Coriander down 2.4% on low demand, sufficient supply
Price for October delivery declined by 2.16%
 "Coriander down 2.4% on low demand, sufficient supply")
Chana down by 0.6% on profit booking
Traders said sluggish demand in the domestic market at existing higher prices led to the fall in chana futures prices
 "Chana down by 0.6% on profit booking")
Cardamom down 0.2% on profit booking
Adequate stocks position in the physical market influenced the cardamom futures
 "Cardamom down 0.2% on profit booking")
Mentha oil down 0.8% on profit-booking
Adequate stocks position in the physical market fuelled the downtrend in mentha oil prices
 "Mentha oil down 0.8% on profit-booking")
Gold futures down 0.3% on global cues
Market analysts said the fall in gold futures was mostly attributed to a weak trend overseas
 "Gold futures down 0.3% on global cues")