Page 868 - Commodity News
FMC slaps 10% spl margin on guar futures to curb price rise
At NCDEX, prices of both guar seed and guar gum have risen by more than 70% to Rs 7,490 per quintal and Rs 20,700 per quintal, respectively, in the last one month
Gold drops on weak demand, silver slips below Rs 53K mark
Consistent selling by stockists and investors following global bearishness continues
 "Gold drops on weak demand, silver slips below Rs 53K mark")
FCI to export 2 millon tonne wheat to realize $600 mn
Wheat export of 4.2 million tonnes undertaken by FCI last year fetched $1.4 bn in overseas market
 "FCI to export 2 millon tonne wheat to realize $600 mn")
Gold futures slide 0.3% on weak global cues
Market analysts attributed the fall in gold futures to a weak global trend
 "Gold futures slide 0.3% on weak global cues")
Mentha oil down 0.7% on higher supply
Mentha oil for delivery in October traded lower by 0.3%
 "Mentha oil down 0.7% on higher supply")
Crude palm oil up 0.7% on rise in demand
Firm trend in overseas markets influenced the crude palm oil prices in the futures market
 "Crude palm oil up 0.7% on rise in demand")
Coriander up 1.4% on higher demand, tight stocks
Coriander for delivery in October rose by 0.82%
 "Coriander up 1.4% on higher demand, tight stocks")
Chana up 1.1% on high buying activity
Chana prices for delivery in October traded higher by 0.84%
 "Chana up 1.1% on high buying activity")
Cardamom up 1.4% as demand picks up
Tight stocks position following less arrivals from producing regions influenced cardamom prices
 "Cardamom up 1.4% as demand picks up")
Uncertainty prevails over the price of Potash, likely to delcine further
General lack of demand has been impacting potash prices for sometime now
Zinc up by 1% on subdued demand
Speculators enlarged positions tracking a firming trend overseas
 "Zinc up by 1% on subdued demand")
Lead up by 1.3% on spot demand
A firm global trend overseas also backed lead prices
 "Lead up by 1.3% on spot demand")
Nickel gains by 1.4% on strong demand
A strong global trend in copper and other base metals also supported prices
 "Nickel gains by 1.4% on strong demand")
Copper surges by 1% on global cues
A firm global trend backed copper prices
 "Copper surges by 1% on global cues")
Brent steady after two-day fall as Syria tension eases
But prices could spiral if any move against Syria spills over into violence in the Middle East
 "Brent steady after two-day fall as Syria tension eases")
Inventories, surplus output pile pressure on aluminium prices
High premiums have got much to do with aluminium stockpiles held at LME, mostly as part of financing deals
 "Inventories, surplus output pile pressure on aluminium prices")
Iron ore shortage set to continue in Karnataka
The shortfall in ore supply is imminent as the production of iron ore by state-owned NMDC will be restricted to 7 million tonnes per annum
 "Iron ore shortage set to continue in Karnataka")
Vegetable oil refineries seek protection from rising imports
Saddled already with over-capacity, these are now faced with a surge in imports; urge govt to raise tariffs
 "Vegetable oil refineries seek protection from rising imports")
Rice stocks up on Russia lifting ban on imports from India
Stock of Kohinoor Foods jumped 10% to Rs 36.85 a piece on BSE
 "Rice stocks up on Russia lifting ban on imports from India")
Gold imports plunge to $650 million in Aug
Total merchandise imports have also declined, helping narrowing the trade deficit which stands at four-month low of $10.91 bn in Aug
 "Gold imports plunge to $650 million in Aug")