Page 880 - Commodity News

Consumers rush to sell used gold

At nine-month high, current prices attractive; consumers want to cash in before a correction

Gold, silver advance on strong global cues

Traders said brisk buying by stockists to meet the festive season demand mainly led an upsurge in gold and silver prices

Shrimp ailment to hit global supply

Praful Patel writes to PM against lifting curbs on iron ore exports

Praful Patel, said imports of finished steel rose to 7.87 mt in 2012-13, as availability of iron ore fell drastically

Gold slides further on sluggish demand, silver also slips

Silver also plunged on the back of heavy speculative unwinding

Telecom imports rise to nearly Rs 54,000 cr in 2012-13

Data showed that Rs 25,835 cr worth of telephones for cellular networks or for other wireless networks were imported in FY13

Soybean up 2.2% on global cues

Soybean prices for November contract spurted by 2%

Mentha oil up 0.7% on strong demand, tight supply

Mentha oil for delivery in September gained 0.67%

Potato down 0.3% on adequate supply

Offloading of positions by speculators after demand declined at prevailing higher levels in the spot market led to slide in potato prices

Coriander down 0.3% on sluggish demand

Coriander for delivery in October shed 0.19%

Cardamom gain 0.3% on rising demand

Rising demand in the spot markets influenced cardamom prices in futures trade

Chana down 0.1% on subdued spot demand

Offloading of holdings by speculators triggered by subdued demand in the spot market against adequate stocks position resulted in the fall of chana futures

Crude palm oil up 0.3% on firm demand

Crude palm oil for delivery in August edged up by 0.19%

Lead up by 1% on strong spot demand

A firm trend in base metals at the LME helped prices

Nickel up by 0.9% on spot demand

An encouraging trend in the domestic spot markets on the back of strong demand from alloy-makers supported the upside

Copper rise by 0.9% on global cues

A positive economic data and increased domestic demand helped prices

Silver futures recover 0.5% on global cues

Gains in both the precious metals in the global market on rising physical demand helped prices

Gold futures rebound on global cues; up 0.6%

Stockists buying ahead of festive season helped the prices

Crude oil up by 0.7% on firm overseas cues

Speculators enlarged positions, tracking a firming trend in the Asian region

India readies to trim iron ore export duty as rupee stings

Asia's third-largest economy is desperately looking for ways to raise foreign currency inflows and arrest a steep fall in the rupee