Page 865 - Commodity News
Crude oil down 0.4% on weak Asian cues
Oil for September moved down by 0.38%
 "Crude oil down 0.4% on weak Asian cues")
Copper surges by 0.2% on global cues
A firm global trend backed copper prices
 "Copper surges by 0.2% on global cues")
Lead rises by 0.4% on spot demand
Domestic demand from consuming industries, particularly battery-makers helped the prices
 "Lead rises by 0.4% on spot demand")
Oil extends losses as Syria strike fears recede
Traders are also awaiting the outcome tomorrow of a Federal Reserve monetary policy meeting
 "Oil extends losses as Syria strike fears recede")
 "Aluminium producers unnerved by falling premia")
Onion prices rise despite arrival of imported stock
Traders say imports insufficient, crop loss in Andhra Pradesh adds to supply issues
 "Onion prices rise despite arrival of imported stock")
 "Gold plunges to Rs 29,650 on selling by stockists")
FMC directs probe into guar gum trading
Asks comexes for details on funds, trades of top 25 clients in segment, with initial report on movement of futures prices
 "FMC directs probe into guar gum trading")
Gold slips on prospects of US Fed tapering soon
Consensus is that the Fed will initially reduce its bond purchases, now $85 billion a month, by $10 billion
 "Gold slips on prospects of US Fed tapering soon")
FMC reverses its own order
Earlier, regulator had banned fresh position during last five days of contract expiry
 "FMC reverses its own order")
Gold price declines by 1.66% or Rs 500
Silver followed suit and closed with a decline of 1.95%
 "Gold price declines by 1.66% or Rs 500")
Sugar output unchanged
Isma estimates total cane acreage at 52.89 lakh ha this year
 "Sugar output unchanged")
Sugar output revised up by 5.5 pc to 25 mn tonne in 2013-14
Country's sugar production is seen higher than the demand for the fourth marketing year in a row
 "Sugar output revised up by 5.5 pc to 25 mn tonne in 2013-14")
Soybean down 2.7% on weak overseas cues
Soybean for October contract fell by 2.34%
 "Soybean down 2.7% on weak overseas cues")
Castorseed down 1.5% on selling pressure
Marketmen said increased selling in physical markets against lower demand brought down the prices
 "Castorseed down 1.5% on selling pressure")
Sugar down 0.1% on ample supply
Sugar for delivery in October traded lower by 0.13%
 "Sugar down 0.1% on ample supply")
Potato down by 0.5% on adequate supply
Market analysts attributed the fall in potato futures to weak demand in the spot market against adequate supplies from producing regions
 "Potato down by 0.5% on adequate supply")
Silver futures down by 2.3% on global cues
The white metal for delivery in March fell by 2.23%
 "Silver futures down by 2.3% on global cues")
Cardamom down by 0.3% on low demand, adequate supply
The spice for delivery in October traded lower by 0.23%
Refined soya down by 1.2% on weak demand
Oil for delivery in September down by 0.52%
 "Refined soya down by 1.2% on weak demand")