Page 904 - Commodity News
Soybean prices decline on higher acreage, good crop prospects
Plant delivery prices were in Rs 3,400-3,475 per 100 kg range compared to Rs 3,740-3,790 per 100 kg last week
 "Soybean prices decline on higher acreage, good crop prospects")
FMC allows algo trading in Gold 100gm contract
The regulator had prohibited algo/high frequency trade in micro and mini futures contracts traded on national exchanges effective January 1, 2013
 "FMC allows algo trading in Gold 100gm contract")
Chana falls by 1% on sluggish demand
Speculators reduced their positions on the back of sluggish demand in the spot market
 "Chana falls by 1% on sluggish demand")
Potato gains by 2.9% on upsurge in demand
Speculators enlarged their positions on the back of upsurge in demand in the spot market
 "Potato gains by 2.9% on upsurge in demand")
Relaunched pepper futures contracts evoke poor response
IPSTA having very little business, while NMCE also failed to attract participants
 "Relaunched pepper futures contracts evoke poor response")
Nickel price may decline further on lower demand
Used as a stainless steel raw material, nickel may lower kitchen utensil expenses
 "Nickel price may decline further on lower demand")
Mentha oil down by 0.6% on profit-booking
Market analysts attributed the fall in mentha oil futures to profit-booking by speculators
 "Mentha oil down by 0.6% on profit-booking")
Crude palm oil falls by 0.8% on profit-booking
Profit-booking by speculators at prevailing higher levels influenced crude palm oil prices
 "Crude palm oil falls by 0.8% on profit-booking")
Cardamom gains by 1.7% on strong demand
Speculators enlarged their positions amid a firm trend at spot market on strong demand
 "Cardamom gains by 1.7% on strong demand")
Zinc down by 0.6% on low spot demand, global cues
Low domestic demand and weak global trend influenced zinc prices
 "Zinc down by 0.6% on low spot demand, global cues")
Aluminium down by 0.7% on Asian cues
A weakening trend in base metals overseas influenced aluminium prices
 "Aluminium down by 0.7% on Asian cues")
Lead down by 0.6% on global trends
A weak trend overseas and subdued domestic demand influenced lead prices
 "Lead down by 0.6% on global trends")
Copper falls by 0.8% on weak global cues
Speculators trimmed positions, tracking a weak global trend
 "Copper falls by 0.8% on weak global cues")
Gold futures up 0.3% on firm global cues, spot demand
A firming trend at spot markets following the RBI imposing fresh import norms supported the rise
 "Gold futures up 0.3% on firm global cues, spot demand")
Silver futures marginally down by 0.2% on weak global trend
A weak trend in the white metal overseas on profit-booking, mainly weighed on silver prices
 "Silver futures marginally down by 0.2% on weak global trend")
Crude oil down by 0.4% on weak Asian cues
Speculators trimmed positions amid a weakening trend in the Asian trade on weak Chinese manufacturing data
 "Crude oil down by 0.4% on weak Asian cues")
Smugglers find channels to bypass gold import curbs
Following recent govt moves, seizures shoot up in Nepal and Bangladesh
 "Smugglers find channels to bypass gold import curbs")
Jewellers relieved as gold available on lease
Spot physical delivery premium falls as import on consignment basis to resume; availability seen as an issue down the line
 "Jewellers relieved as gold available on lease")
Blight hits cardamom production
Seasonal output is likely to fall at least 30 per cent from a normal 18,000 tonnes
Ban on onion exports won't impact domestic prices
Horticulture body says prices to cool down in next few weeks
 "Ban on onion exports won't impact domestic prices")