Page 894 - Commodity News
Mentha oil falls by 0.6% on sluggish demand
Sluggish demand from consuming industries in the spot market against higher supplies affected prices
 "Mentha oil falls by 0.6% on sluggish demand")
Crude oil up by 0.3% on overseas cues
Rise in crude oil futures was attributed to a mixed trend in Asia
 "Crude oil up by 0.3% on overseas cues")
Copper falls by 0.4% on weak global cues
Fall in copper futures trade was mostly in line with a weakening trend overseas
 "Copper falls by 0.4% on weak global cues")
Silver futures down 0.3% on global cues
Speculators offloaded their positions, driven by a weakening trend in the global markets
 "Silver futures down 0.3% on global cues")
Gold futures fall 0.3% on weak global cues
Fall in gold futures was mostly attributed to a weakening trend in the global market
 "Gold futures fall 0.3% on weak global cues")
Retail onion prices may touch Rs 100/kg
Arrivals fall to a third compared to June-August last year
 "Retail onion prices may touch Rs 100/kg")
Iron ore miners say export duty cut not enough
Blame higher rail freight rates, poor global demand
 "Iron ore miners say export duty cut not enough")
Primary steel firms may roll back price rise
High inventory, weak investment climate are triggers for the decision
 "Primary steel firms may roll back price rise")
Heavy rain hits rubber production, spirals domestic prices
Difference between local and international rates has risen to Rs 46/kg
 "Heavy rain hits rubber production, spirals domestic prices")
Soyameal exports fall by 36% in July
Shipments of soyameal, stood at 1.68 lakh tonnes in the same month last year, says SOPA
 "Soyameal exports fall by 36% in July")
Gold futures up 0.3% on short-covering
Weakening rupee also influenced gold prices at futures trade
 "Gold futures up 0.3% on short-covering")
Profiles two firms currently under negotiations with NSEL
Namdhari Food International and Namdhari Rice and General Mills
 "Profiles two firms currently under negotiations with NSEL")
NSEL fiasco: When buyer and seller are the same...
For buyers, it was cheap finance, the seller earned good returns and the goods never had to be delivered
 "NSEL fiasco: When buyer and seller are the same...")
Potato up 4%, hit upper limit on strong demand
Potato for delivery in August contract also moved up by 3.01%
 "Potato up 4%, hit upper limit on strong demand")
Lead up 0.3% on spot demand, global cues
Metal for delivery in August edged up by 0.27%
 "Lead up 0.3% on spot demand, global cues")
Nickel moves up by 1% in trade on spot demand
Nickel for delivery in September gained 0.95%
 "Nickel moves up by 1% in trade on spot demand")
Copper up 0.6% on spot demand
Copper for delivery in November traded higher by 0.48%
 "Copper up 0.6% on spot demand")
Cardamom rise by 4% on rising demand
Tight supplies in the physical market, on less arrivals from producing regions, following heavy rains also influenced the sentiment
 "Cardamom rise by 4% on rising demand")
Mentha oil declines by 0.8% on profit-booking
Adequate stocks position due to increased arrivals from Chandousi in Uttar Pradesh also put pressure on mentha oil
Crude palm oil rises by 1.3% as demand picks up
Fresh positions were created by speculators due to pick up in demand in the spot market
 "Crude palm oil rises by 1.3% as demand picks up")