Page 901 - Commodity News
Agri commodities' prices down on output prospects
Higher production this season, more acreage for next concerns farmers, excessive rainfalls may damage crops, though
 "Agri commodities' prices down on output prospects")
Incessant rains damage soya crop in MP
Crop damage is extensive, however, higher authorities in state secretariat say there is no big loss to the crop
 "Will shale gas become a game-changer for India?")
 "Gold hits six weeks high")
Jute industry likely to lose Rs 1,000 cr on demand fall
Govt which purchases jute bags at an average price of Rs 52,000 a tonne, has reduced demand
 "Jute industry likely to lose Rs 1,000 cr on demand fall")
Gold futures up 0.8% on global cues
Gold for delivery in October traded higher by 0.46%
 "Gold futures up 0.8% on global cues")
Gold extends gain for third day on sustained buying
However, silver fell further by Rs 230 to Rs 41,000 per kg on reduced offtake by industrial units and coin makers
 "Gold extends gain for third day on sustained buying")
Silver futures slide 0.6% on weak global trend
Silver prices for delivery in far-month December lost 0.65%
 "Silver futures slide 0.6% on weak global trend")
Castor seed falls by 1.1% on heavy stock piles
Weak export demand was another reason behind the price fall
 "Castor seed falls by 1.1% on heavy stock piles")
Coriander falls by 1.2% on profit-booking
Sluggish demand in the spot market also affected coriander prices
 "Coriander falls by 1.2% on profit-booking")
Mentha oil down 1.9% on profit-booking
The oil for delivery in August declined by 1.78%
 "Mentha oil down 1.9% on profit-booking")
Potato prices hit upper circuit 4% as demand picks up
Fresh buying by speculators, rise in demand in the spot market helped potato futures to trade higher
 "Potato prices hit upper circuit 4% as demand picks up")
Crude palm oil down 1.4% on weak overseas cues
Crude palm oil prices for delivery in July declined by 0.64%
 "Crude palm oil down 1.4% on weak overseas cues")
Cardamom up 1.9% on spot demand
Tight stocks position in the spot market, lower arrivals from producing regions influenced prices
 "Cardamom up 1.9% on spot demand")
Nickel up by 0.4% on spot demand
Increased domestic demand from alloy-makers influenced nickel prices
 "Nickel up by 0.4% on spot demand")
Lead up by 0.3% on firm spot demand
Strong domestic demand from battery-makers influenced the prices of lead
 "Lead up by 0.3% on firm spot demand")
Zinc up by 0.4% on firm spot demand
A firming trend in metal at the LME, influenced zinc futures
 "Zinc up by 0.4% on firm spot demand")
Copper down by 0.3% on weak global cues
A weak global trend affected copper prices
 "Copper down by 0.3% on weak global cues")
Major edible oil refineries face duty roadblocks
Inverse duty structure in exporting countries make import of refined oil cheaper, idling domestic refineries
 "Major edible oil refineries face duty roadblocks")
 "Gold bears say charts point down toward a 3-year low")