Page 883 - Commodity News
Crude oil down by 0.2% on weak Asian cues
Speculators trimmed positions amid a weakening trend
 "Crude oil down by 0.2% on weak Asian cues")
Gold futures down 0.6% on global cues
Profit-booking by speculators also put pressure on gold futures
 "Gold futures down 0.6% on global cues")
Crisis-ridden economy causes fall in rubber price
Monthly output in July dropped 32.4% to 46,000 tonnes against 68,000 tonnes in July last year
 "Crisis-ridden economy causes fall in rubber price")
Sajjan Jindal seeks status quo on iron ore export duty
Jindal writes to PM, FM and plan panel asking them to ensure availability of iron ore for steel industry
 "Sajjan Jindal seeks status quo on iron ore export duty")
Onion prices bounce back, up 27% in two days
Commodity jumped by Rs 150 a qtl, to Rs 3,850 a qtl, in Mumbai and by Rs 900 a qtl, to Rs 4,100, at Pimpalgaon, also in Nashik district
 "Onion prices bounce back, up 27% in two days")
Silver up 1.59% on falling rupee
Silver for delivery in far- month December recovered sharply by 1.3%
 "Silver up 1.59% on falling rupee")
Gold futures rebound, up 1.3% as rupee plunges to new low
Gold for delivery in December shot up by 1.2%
 "Gold futures rebound, up 1.3% as rupee plunges to new low")
Gold steady near eight-month high on weak rupee
India remains largely absent in the physical market amid tighter regulations and a weak currency
 "Gold steady near eight-month high on weak rupee")
Crude oil down by 0.9% on Asian cues
Fall in crude oil at futures trade was mostly in tune with a weakening trend in the Asian region
Silver futures down 0.5% on global cues
Fall in silver prices at futures trade was mostly attributed to a weak trend overseas
Gold futures fall by 0.3% on global cues
Fall in gold futures was mostly attributed to a two-way movements in the global market
 "Gold futures fall by 0.3% on global cues")
Crude palm oil weakens by 0.3% on subdued demand
Speculators reduced their positions, tracking a weak trend
 "Crude palm oil weakens by 0.3% on subdued demand")
Zinc decline by 0.5% on lower global trend
Speculators offloaded their positions in tandem with a weak global trend
 "Zinc decline by 0.5% on lower global trend")
Lead falls by 0.5% on weak spot demand
A weakening trend in the entire base metals at LME also affected prices
 "Lead falls by 0.5% on weak spot demand")
Copper slides by 0.5% on weak global cues
Speculators trimmed their positions, tracking a weak global trend
 "Copper slides by 0.5% on weak global cues")
Potato rises by 1% on good demand
Tight supplies in the physical market following less arrivals from producing regions influenced prices
 "Potato rises by 1% on good demand")
Mentha oil gains by 0.9% on rising demand
Tight supplies in the physical market following less arrivals affected prices
 "Mentha oil gains by 0.9% on rising demand")
Cardamom falls by 0.1% on weak demand
Speculators trimmed their positions due to weak demand in the spot market
 "Cardamom falls by 0.1% on weak demand")
Lower global prices pushed coking coal import up 13%
Coking coal prices have come down to $150 a tonne at major Indian ports, compared with $177 a tonne in March
 "Lower global prices pushed coking coal import up 13%")
Metal recycling units plead for protection
Import duty on scrap makes local recycling uncompetitive, import intensifies, India may lose Rs 11000-cr exports markets
 "Metal recycling units plead for protection")