Page 908 - Commodity News

Sugar down 0.5% on sluggish demand, ample supply

Ample supplies in the physical market also put pressure on sugar prices

Gold futures rise 0.6% on firm global cues

Gold for delivery in far-month October moved up by 0.56%

Lead marginally up by 0.2% on spot demand

Speculators created fresh positions, supported by rising demand in spot markets

Castorseed down 1.5% on selling pressure

Most active near August contract sheded by 0.14%

Potato declines by 1% on profit booking

Increased supplies in the domestic market from producing regions dampened the sentiments

Cardamom weakens by 0.7% on profit-booking

Subdued demand in the spot market against adequate stocks position mainly kept pressure on the cardamom prices

Crude palm oil up by 0.9% on overseas cues

Rise in crude palm oil prices was mostly attributed to fresh positions created by speculators on rising demand

Mentha oil weakens by 0.5% on profit-booking

The fall in mentha futures prices was mostly due to profit booking by speculators

Nickel marginally up by 0.4% on firm demand

Increased demand from domestic alloy- makers mainly helped nickel futures to trade higher

Copper up by 0.4% on strong spot demand

Speculators enlarged positions supported by rising spot demand

Aluminium up by 0.3%

Increased domestic demand mainly influenced aluminium prices

Onion prices surge on cartelisation

Supply shortage due to cartelization of large stockists near major mandis led to the jump in prices

Sesa Goa, Sterlite's Q1 revenues to suffer due to disruption in ops

Delay in merger has unnerved company shareholders which would have resulted in the seventh largest diversified natural resources major in the world

Govt to offer surplus wheat in Punjab, Haryana for sale

1.86 million wheat lying in unscientific storage in Punjab, Haryana

Gold imports may fall as curbs increase costs

Mineral production drops 5.7% in May

The index of mineral production of mining and quarrying sector in May 2013 was higher by 1.6% compared to that of the preceding month

Onion will make you cry & upset your household budget until Oct

Traders expect prices to spiral up further in a month as demand remains strong due to Ramadan

Copper gains by 0.9% on global cues

Increased demand at domestic spot markets from consuming industries influenced copper prices

Nickel up by 1.20% on global cues

Increased domestic demand from alloy-makers influenced nickel prices

Aluminium rises by 0.6% on global cues

A strong demand in the spot markets influenced the metal's prices