Page 910 - Commodity News

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

Zinc rises by 0.27% on spot demand

Speculators created fresh positions, driven by a rise in spot demand influencing zinc prices

Maize down 1.2% on weak spot sentiment

Current month July's contract prices fell by 1.15%

Turmeric slides by 1.03% on profit-booking

Profit-booking by speculators at prevailing levels amid subdued demand in the spot market influenced turmeric prices

Chana rises by 0.10% as demand picks up

Fresh positions created by speculators following good demand in the spot markets, mainly led to rise in chana prices

Sugar up by 0.26% on spot demand

Market analysts said hopes that the demand will improve during festive season, helped the sweetener to trade higher

Lead up by 0.45% on firm spot demand, global cues

Traders said good demand from battery-makers also influenced lead prices

Copper up by 0.48% on strong global cues, spot demand

Speculators enlarged their positions on the back of a firming trend overseas amid pick up in spot demand

Crude palm oil softens by 0.40% on negative global cues

Speculators trimmed their positions, taking negative cues from overseas markets

Mentha oil down by 1.14% on weak demand, higher supply

Speculators trimmed their holdings, triggered by weak demand from consuming industries in the spot market

Silver futures slide 0.5% on weak global trend

Analysts said a weak trend in the precious metals overseas on concern last week's gain may deter physical purchases

Cardamom falls by 0.29% on profit-bookings

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

Crude oil up by 0.13% on firm overseas cues

The rise in crude oil futures attributed to a firming trend in Asia as investors anticipated a fall in US crude inventories

Oil prices edge higher in Asian trade

Investors anticipated a fall in US crude inventories for the third consecutive week

Gold futures down 0.36% on global cues

The fall in gold futures was mostly attributed to a weak trend overseas as investors weighed the Federal Reserve's next move

India's coffee consumption set to recover in 2013-14

According to USDA, consumption in India has been hovering around 1.2 million bags for last 5 years; slipped to 1.1 mn bags in 2012-13

Vegetable prices up on supply woes

Traders in Mumbai divert goods directly to small and local markets to evade mandi and other levies

Farm and dairy sectors beckon angel investors

Angel investors are selective about ventures to support, going through the routine drill of project evaluation and due diligence

Domestic tea demand to touch 1,000 mn kg by 2017: Ghatowar

says tea industry should "carefully protect" its nurtured markets abroad

Vegetable oil imports up 21% in June

Edible vegetable oils imports stood at 9,11,091 tonnes while non-edible oils stood at 36,500 tonnes