Page 946 - Commodity News
Morgan Stanley cuts gold, silver price forecasts
Morgan Stanley also downgraded the whole base metal sector saying growing oversupply and excess capacity was cause for caution
 "Morgan Stanley cuts gold, silver price forecasts")
Gold's latest fall fails to bring back Asian buyers
India and China are the world's two top consumers, so their retail appetite plays a key role in international gold prices
 "Gold's latest fall fails to bring back Asian buyers")
Silver futures dip below 40k level on global cues
Meanwhile, silver sank by 4.05% to 18.98 dollar an ounce, taking its losses for the quarter to 32% in London
 "Silver futures dip below 40k level on global cues")
Barley futures fall on lower physical sentiment
Poor demand from beer makers and other consuming industries also put pressure on the prices
 "Barley futures fall on lower physical sentiment")
Guarseed futures slip on heavy selling
Most active November month fell by Rs 220, or 3.68%, to Rs 5,760 per quintal in 2,011 lots
 "Guarseed futures slip on heavy selling")
Castorseed futures decline on selling pressure
At the NCDEX, castorseed prices for July fell by Rs 67
 "Castorseed futures decline on selling pressure")
Zinc futures down 0.55% on spot demand, global cues
At the Multi Commodity Exchange, zinc for delivery in July month declined by 60 paise
 "Zinc futures down 0.55% on spot demand, global cues")
Nickel moves down in futures trade on weak global cues
Subdued demand from consuming industries in the spot market further dampened the sentiment
 "Nickel moves down in futures trade on weak global cues")
Chana futures dip 1.30% on supply pressure
Good progress in the summer sowing of pulses due to monsoon rains also influenced the sentiment
 "Chana futures dip 1.30% on supply pressure")
Copper down 1% on weak global cue
Copper for delivery in August contract declined by 0.91%
 "Copper down 1% on weak global cue")
Gold futures fall 1.5% on weak global cues
Gold for delivery in October contract lost 1.57%
Mentha oil up 0.2% on strong demand
Mentha oil for delivery in July traded higher by 0.24%
 "Mentha oil up 0.2% on strong demand")
Potato up 0.7% on firm spot demand
The potato for delivery in August edged up by 0.15%
 "Potato up 0.7% on firm spot demand")
Crude palm oil down 0.5% on sluggish demand
Crude palm oil for delivery in June shed 0.56%
 "Crude palm oil down 0.5% on sluggish demand")
Cardamom up 0.8% on upsurge in spot demand
Cardamom for delivery in July traded higher by 0.3%
 "Cardamom up 0.8% on upsurge in spot demand")
Demand for textile exports revives
The US and Europe account for most of India's apparel exports
 "Demand for textile exports revives")
National Board of Trade in dire straits
Exchange's business declines on members shifting to national platforms
 "National Board of Trade in dire straits")
Coconut exports up 26% this year
The country exported 58,000 tonnes of activated carbon worth Rs 550 crore, constituting 50% of the total export earnings
 "Coconut exports up 26% this year")
Rupee fall fails to cheer sea food exporters
Due to decline in production of Black Tiger shrimp, a major export value item from Odisha, exporters are unable to meet the demand of the importers
 "Rupee fall fails to cheer sea food exporters")
Coconut Board to extend rejuvenation programme in Kerala
The programme will be extended to remaining 11 districts of the state