Page 957 - Commodity News

CAI estimates cotton crop at 35.2 million bales

This year cotton surplus estimated to be at 14.7 million bales, while arrivals as on May 31 stood at 33.9 million bales

Gold, silver prices spurt on firm demand, weak rupee

Silver also recovered smartly owing to aggressive speculative buying, coupled with strong industrial off-take

Lead down 0.6% on subdued spot demand, overseas trend

Lead for delivery in July shed 0.52%.

Copper down 0.1% on weak global cues, subdued demand

Copper for delivery in August down by 0.17%.

Nickel down 0.3% on sluggish demand, global cues

Nickel for delivery in current month June shed 0.06%.

Crude oil futures firm up 0.6% on overseas cues

Crude oil for June moved up by 0.58%.

Zinc down 0.5% on global cues

Zinc for delivery in June fell 0.32%.

Gold futures up 0.5% on global cues

Gold for delivery in far-month October contracts moved up by 0.52%.

Gold to stay costlier in India

New Byadgi hybrid chillies could make it more 'attractive'

Research over the past 20 years has produced hybrid chillies with high colour high and low capsaicin

Majority preference now for branded edible oil

Rising financial scalability of consumers with health benefits spur demand

JSW Steel plans to use low-grade iron ore

This is the first time an Indian steel company would use 46% Fe content ore as raw material

Gold continues to surge on rising demand, silver also shines

Besides buoyant global cues, strong investment buying alongside falling rupee valuations led to the spurt in the yellow metal's prices.

Gold hovers near seven-week high; demand weak

India, the world's biggest buyer of the metal, hiked import duty earlier in the week to 8 percent from 6 percent

Crude oil futures down 0.1% on weak Asian cues

Crude oil for the July delivery moved down by 0.13%.

Maize up 1.2% on increased buying

Rising demand from bio- products and cattle-feed making industries also helped to boost the trading sentiment.

Potato down 1.7% on reduced offtake

Increased supplies in the physical market following persistent arrivals from producing region against lower demand led to the fall in potato prices.

Mentha oil up 3.9% on fresh buying

Mentha oil for delivery in June rose by 3.81%.

Crude palm oil up 0.7% on spot demand

A firming trend in the overseas markets also influenced crude palm oil prices at futures trade here.

Cardamom up 1.8% on spot demand

Restricted arrivals from producing regions also supported the rise in prices, traders said.