Page 909 - Commodity News

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

Lead up by 0.8% on strong spot demand

Strong domestic demand from battery-makers influenced the prices of lead

Zinc up by 0.8% on overseas cues, spot demand

Improved demand in the spot market amid a firming trend in base metals overseas, influenced the metal's prices

Gold futures rise 0.5% on firm global cues

Analysts attributed gains in the precious metal at futures trade to a firm trend in the overseas markets

Potato down 2.2% on profit booking

Potato for delivery in August slipped by 1.93%

Barley declines by 1.9% on selling pressure

Current July contract eased by 0.66%

Silver futures up 0.3% on global cues

Gains in the precious metals in the overseas markets at lower levels, influenced silver prices

Soybean up by 0.5% on fresh buying

Firm spot markets cue, where prices of soyabean rose smartly on restricted supply, mainly supported the prices

Crude palm oil up by 1% on spot demand

Rise in crude palm oil prices at futures trade was mostly attributed to fresh positions created by speculators on rising demand in spot market

Mentha oil futures rise 1.3% on fresh buying

Mentha oil prices for delivery in August rose by 1.11%

Cardamom falls by 1% on low demand, higher arrivals

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

Surge in rubber prices continues; gap with global rates widens

The local mart is higher by Rs 40/kg than in the international market

Gems & jewellery exports plunge 41% in June

In rupee terms, overall jewellery exports fell 38.12% to Rs 13,895.87 cr, against Rs 22,456.62 cr in June 2012

India may gain from slowdown in China

China's economy grew 7.6% in second quarter of 2012 from an year earlier, its slowest pace in three years

Govt considers regulation for spot exchanges

Legal issues need sort-out; NSEL says will abide by order to stop launch of contracts with one-day forwards

Gems, jewellery exports nose dive about 41% in June

The exports declined drastically in June as there was a shortage of raw-material for jewellery manufacturing, says GJEPC Chairman Vipul Shah

Crude oil import norms review

Lesser freedom in finalising oil import procedures especially pricing further adding to higher outgo due to crude imports

We cannot ban gold import, says Chidambaram

Finance Minister urges people to moderate their demand for the precious metal, which costs the nation $50 bn in foreign exchange

Nickel up by 0.20% on strong global cues

Rise in nickel futures has been attributed to fresh positions created by speculators in line with a firm global trend