Page 898 - Commodity News
Gold slips from nearly 4-mth high, down Rs 475 on global cues
Silver also dropped by Rs 640 to Rs 41,620 per kg on lack of buying support from industrial units and coin makers
 "Gold slips from nearly 4-mth high, down Rs 475 on global cues")
Coffee exports dip 4% in Jan-July period
The average realisation declined marginally to Rs 1,47,605 per tonne during this period
 "Coffee exports dip 4% in Jan-July period")
Mustardseed up 1% on renewed buying
Renewed buying and strong demand in the international market added gains in mustardseed prices
 "Mustardseed up 1% on renewed buying")
Zinc up 0.3% on higher global cues
Zinc for delivery in September contracts edged up by 0.33%
 "Zinc up 0.3% on higher global cues")
Chana futures rise 1.1% on good buying activity
emand improved in local market, though hopes of a rise in summer-sown pulses output restricted the upside
 "Chana futures rise 1.1% on good buying activity")
Nickel up 0.3% on global cues; spot demand
Increased domestic demand from alloy-makers, firmness in base metals overseas helped nickel futures to trade higher
 "Nickel up 0.3% on global cues; spot demand")
Copper rises by 0.4% on global cues, spot demand
Increased demand from consuming industries influenced prices
 "Copper rises by 0.4% on global cues, spot demand")
Crude palm oil down 0.4% on weak overseas cues
Selling by speculators amid a weakening overseas trend, adequate stocks position in domestic markets led to the fall in CPO prices
 "Crude palm oil down 0.4% on weak overseas cues")
Lead up 0.6% on overseas trend, spot demand
Firming trend in base metals at LME influenced lead prices at futures trade
 "Lead up 0.6% on overseas trend, spot demand")
Castor seed up by 2.1% due to rise in demand
Increased buying in spot markets influenced prices
 "Castor seed up by 2.1% due to rise in demand")
Potato rises by 2% on firm demand, tight supply
Speculators enlarged their positions on a firming spot market trend
 "Potato rises by 2% on firm demand, tight supply")
Mentha oil rises by 0.7% as demand picks up
Restricted arrivals from Chandausi in Uttar Pradesh also influenced mentha oil prices
 "Mentha oil rises by 0.7% as demand picks up")
Cardamom weakens by 2.3% on profit-booking
Profit-booking by speculators at prevailing higher levels, subdued demand affected the prices
 "Cardamom weakens by 2.3% on profit-booking")
Gold futures down by 0.2% on global cues
A weak trend in the overseas markets, put pressure on the gold prices
 "Gold futures down by 0.2% on global cues")
Silver futures down 0.6% on profit-booking; global cues
A weak trend in Asian region, led to the fall in silver prices
 "Silver futures down 0.6% on profit-booking; global cues")
Crude oil up by 0.2% on firm overseas cues
Rise in crude oil futures supported by a firming trend in Asia
 "Crude oil up by 0.2% on firm overseas cues")
Oil prices up after US Fed meeting
Investors also cheered by better-than-expected US growth figures for the April-June period
 "Gold imports almost halted in wake of RBI rule confusion")
China, India gain upper hand as potash cartel crumbles
The two Asian countries account for about 30% of global demand for crop nutrient potash