Page 863 - Commodity News

Crude palm oil down by 1.5% on sluggish demand

Speculators engaged in reducing positions amid sluggish demand in the spot market

Mentha oil falls by 0.3%, on weak demand

Increased supply amid a weak demand affected the prices

Silver futures climb by 2.8% on overseas trend

A hike in import duty on gold and silver jewellery by 5% to 15% by the government on Tuesday also supported the upside

Gold up, copper down on strong rupee

Gold is trading up by only 1.3%; Crude oil and copper are down by 1.2%

Oil extends gains as Fed keeps stimulus unchanged

Data showing a decline in US crude oil stockpiles -- indicating robust demand in the world's biggest economy -- also supported prices

Panel recommends complete ban on iron ore exports

Says mineral reserves would exhaust within 25 years if exports continue

Tea exporters losing out to Kenyan rivals

Exports drop 15-20% in the first half of current financial year; stricter quality norms for Indian tea also to blame

No non-agri trade on Saturdays

Trading in agri commodities on Saturdays to be reviewed later; more changes likely in the coming months to align with global pattern

Assocham urges govt to improve iron ore supply, boost steel exports

Maize prices slightly up by 0.8% at Rs 13,524 per ton: USGC

Higher price trend prevails as it is the fag end of the market season 2012-13

Centre asks states to check artificial price rise in onion

Onion prices both in wholesale and retail markets in most parts of the country have seen a sharp increase since July

Castorseed down 2.4% on heavy selling

Commodity for the October contract dipped by 1.93%

Potato down by 0.4% on increased supply

Market analysts said supplies from producing regions against sluggish demand in the spot market mainly kept pressure on potato prices

Chana down 0.5% on sluggish spot demand

The commodity for delivery in September declined by 0.39%

Cardamom up 0.3% on rising demand

The spice for delivery in October edged up by 0.05%

Mentha oil down 0.3% on increased supply

Increased supplies from producing regions weighed on prices

Refined soya down 0.8% on profit-booking

Adequate stocks position in the physical market on increased arrivals from producing regions put pressure on refined soya oil prices

Copper up 0.2% on global cues, industrial demand

Metal for delivery in far-month February edged up by 0.10%

Crude oil up 0.5% on firm overseas cues

Crude oil prices for October up by 0.30%

Silver futures down 1.5% on global cues

Speculators indulged in trimming positions, taking weak cues from the global markets