Page 958 - Commodity News
Zinc down 0.2% on profit-booking
Metal's gain at the London Metal Exchange, limited the fall.
 "Zinc down 0.2% on profit-booking")
Gold futures down 0.2% on profit-booking
Gold for delivery in August shed 0.14% per 10 gm.
 "Gold futures down 0.2% on profit-booking")
Lead down 0.3% on subdued spot demand, Asian cues
Lead for delivery in July also fell by a similar margin to Rs 125.30 per kg in with a business volume of 157 lots.
 "Lead down 0.3% on subdued spot demand, Asian cues")
Copper up 0.3% on spot demand, global cues
Copper for delivery in August traded higher by 0.2%.
 "Copper up 0.3% on spot demand, global cues")
Ministry asks data to be filed for a 'cotton balance sheet'
Aims to collect 'statistics on production, consumption and closing stock of cotton for preparation of realistic Cotton Balance Sheet, determining NCDP
 "Ministry asks data to be filed for a 'cotton balance sheet'")
Industrial commodities to stay subdued till Sept-Oct
But, in near term, however, the price fall would continue due to falling demand from consumer industries
 "Industrial commodities to stay subdued till Sept-Oct")
 "Low wheat procurement addresses FCI's storage woes")
Duty raise to see gold imports dip 20%
Levy in India one of the highest in the world; finance minister urges banks to tell customers not to invest in the metal
 "Duty raise to see gold imports dip 20%")
 "Monsoon pushes up rubber prices")
NCDEX liberalizes Algo norms to attract more participation
As per the revised norm, the exchange has waived annual recurring charge for the first three ATS ID subscribers of each member fo the exchange platform
 "NCDEX liberalizes Algo norms to attract more participation")
Gold to be costlier after hike in import duty: WGC
The hike in customs duty on gold from 6% to 8% is yet another step to limit supply of gold by making it more expensive, says WGC India Managing Director Somasundaram PR.
 "Gold to be costlier after hike in import duty: WGC")
RBI asked banks not to sell gold coins: Chidambaram
Banks have also been advised to restrict advances against gold coins
 "RBI asked banks not to sell gold coins: Chidambaram")
Cardamom up 1.1% on spot demand
Cardamom for delivery in July gained 0.84%.
 "Cardamom up 1.1% on spot demand")
Chana up 1.2% on good buying activity
Estimates of higher production restricted the upside.
 "Chana up 1.2% on good buying activity")
Mentha oil remain higher by 1.5% on spot demand
Mentha oil for delivery in July rose by Rs 14.80.
 "Mentha oil remain higher by 1.5% on spot demand")
India's oilmeal exports plunge 34% in April - May period
Reduced availability of animal feed on lower crushing activity dragged prices lower
Maize up 1.4% on increased buying
Restricted supply against pick up in demand in physical markets, mainly influenced the trading sentiments here in futures markets, says marketmen.
 "Maize up 1.4% on increased buying")
Soybean up 1.3% on firm global cues
July contract prices also looked up by 1.07%.
 "Soybean up 1.3% on firm global cues")
Barley up 1.5% on low levels buying
Restricted supply and pick up in demand in physical markets mainly pushed up prices here in futures trading, says marketmen.
 "Barley up 1.5% on low levels buying")
Silver futures decline 0.53%
Silver in far-month September dropped by 0.51%.
 "Silver futures decline 0.53%")