Page 866 - Commodity News

Crude palm oil down 1.6% on subdued demand

Oil for delivery in September declined by 0.93%

Gold futures down 1.5% on rising rupee

Subdued spot demand and profit-booking by speculators put pressure on gold futures

First lot of 300 tonnes of imported onion lands

New lot will be released in mandis on Monday

AP cotton output seen at 7.5 million bales

Cotton production was at 35 million bales during 2012-13

FMC asks MCX, NCDEX to probe price movement of guar futures

At NCDEX, prices of guar seed for October delivery has increased by 85% to Rs 7,720 per quintal on Sept 13

Govt likely to raise import duty on refined edible oil to 10%

A Cabinet note regarding this has already been circulated by the Food Ministry

Gold prices to fall ahead of FOMC meet

So far this month, gold and silver prices have fallen sharply, in both dollar and rupee terms

Soybean crop set to boost exports to a 6-year high

Best monsoon rainfall in two decades is set to boost the oilseed crop to an all-time high

Gold price to decline ahead of FOMC meet

Fed's decision to delay tapering of QE may bring some respite

PMEAC estimates record pulses, oilseeds output in 2013-14

Pulses output expected to be over 20 mn tn in 2013-14

Stricter FMC norm for commex boards

It has asked these exchanges to limit representation on their boards by category of shareholders

Gold price declines to month's low

Two weeks earlier, gold for near-month delivery was trading at Rs 34,439 per 10g on the MCX as against the spot price of Rs 32,510 per 10g

Rubber Board heaves sigh of relief

Natural rubber production in the country during the fiscal 2013-2014 is likely to be lower than what was projected earlier

Maize down 2.4% on selling pressure

Lower trend in overseas markets dampened the trading sentiments

Chana up 1.5% on high buying activity

The commodity for delivery in October gained 0.86%

Copper up 0.3% on global cues, industrial demand

Copper for delivery in far-month February edged up by 0.25%

Soybean up 2% on firming global cues

Soybean for the December contract gained 1.94%

Cardamom down 0.6% on profit-booking

Adequate stocks availability in the spot market following fresh arrivals put pressure on the prices

Crude palm oil down 0.2% on weak overseas cues

Oil prices for delivery in October declined by 0.17%

Mentha oil down 0.7% on profit-booking

Mentha oil for delivery in September traded lower by 0.72%