Page 918 - Commodity News
Silver futures slide 1% on weak global trend
Silver prices for delivery in September lost 0.94%
 "Silver futures slide 1% on weak global trend")
Gold futures down 0.3% on weak global cues
Metal prices for delivery in October declined by 0.26%
 "Gold futures down 0.3% on weak global cues")
Copper down 0.5% on weak overseas cues
The metal prices for delivery in August shed by 0.52%
 "Copper down 0.5% on weak overseas cues")
Govt plans to raise sugar import duty to 15%
The imports are putting pressure on domestic prices, preventing millers from clearing arrears to farmers
 "Govt plans to raise sugar import duty to 15%")
Groundnut sowing touches 1.41 mn hectares in Gujarat
Sowing may increase with strengthening of the monsoon in the state
 "Groundnut sowing touches 1.41 mn hectares in Gujarat")
Textile exports on upswing
Alok getting good inquiries, Arvind working on full capacity to meet rising export demand
 "Textile exports on upswing")
Jute mills might face ban, stricter action on supply default
Jute Commissioner noted some millsregularly delayed or defaulted on supplies
 "Jute mills might face ban, stricter action on supply default")
Once suspended, twice shy: Commexes
Relaunched agri contracts failing to attract wide participation, with corporate groups not wishing to get trapped again
 "Once suspended, twice shy: Commexes")
Jeera down 0.8% on higher supply, weak demand
Jeera for delivery in August traded lower by 0.79%
 "Jeera down 0.8% on higher supply, weak demand")
Sugar up 1.2% as demand picks up
Sugar for delivery in July moved up by 1.08%
 "Sugar up 1.2% as demand picks up")
Gold futures fall 0.4% on weak global cues
Gold for delivery in October lost 0.45%
Price stabilisation scheme for agro commodities extended for another six months
New scheme will take time to get approval; market price fluctuations of commodities and currency movements necessitate policy in interim
 "Price stabilisation scheme for agro commodities extended for another six months")
Aluminium down 0.5% on global cues
Aluminium for delivery in August traded lower by 0.46%
 "Aluminium down 0.5% on global cues")
Guargum up 2% on low-level buying
Current month July's contract prices regained by 0.85%
Nickel down 0.7% on sluggish demand, global cues
The increased political tension in Egypt, mainly weighed on nickel futures
 "Nickel down 0.7% on sluggish demand, global cues")
Crude oil down 0.4% on weak Asian cues
Crude oil prices for August delivery moved down by 0.42%
 "Crude oil down 0.4% on weak Asian cues")
Silver futures down 1.1% on profit-booking,weak global cues
Silver prices for delivery in September declined by 1.01%
Cardamom rises 1% on spot demand
Cardamom prices of August delivery rose by 0.84%
 "Cardamom rises 1% on spot demand")
Crude palm oil down 0.3% on profit taking
Crude palm oil prices for delivery in the August lost 0.39%
 "Crude palm oil down 0.3% on profit taking")
Potato down 1.4% on profit booking
Potato prices for delivery in August slipped by 1.38%
 "Potato down 1.4% on profit booking")