Page 960 - Commodity News
Coriander up on high demand, restricted stocks
Coriander for July delivery rose by Rs 86.
 "Coriander up on high demand, restricted stocks")
Crude oil down 0.4% on Asian cues
Crude oil for delivery in June fell by Rs 21.
 "Crude oil down 0.4% on Asian cues")
Mentha oil down 0.8% on profit-booking
Mentha oil for delivery in July fell by Rs 8.30.
 "Mentha oil down 0.8% on profit-booking")
Cardamom down 1.3% on profit-booking
Adequate stocks in the physical market also put pressure on the cardamom prices.
 "Cardamom down 1.3% on profit-booking")
Crude palm oil down 0.6% on profit-booking
Crude palm oil for delivery in July declined by Rs 3.
 "Crude palm oil down 0.6% on profit-booking")
Jeera up 0.6% on export demand
Analysts attribute the rise in jeera prices in futures trade to increased export demand.
 "Jeera up 0.6% on export demand")
Zinc down 0.4% on global cues
Zinc for delivery in June declined by 50 paise.
 "Zinc down 0.4% on global cues")
Lead prices drift 0.2% on sluggish demand; global cues
Lead for delivery in June declined 40 paise.
 "Lead prices drift 0.2% on sluggish demand; global cues")
Nickel up on firm global cues
Increased demand at domestic spot markets from alloy-makers influenced prices.
 "Nickel up on firm global cues")
Copper up on global cues, industrial demand
Rising demand from consuming industries at domestic spot markets supported the upside.
 "Copper up on global cues, industrial demand")
Potato up 0.7% on spot demand
Restricted arrivals from producing regions also supported the upside.
 "Potato up 0.7% on spot demand")
Turmeric recover on short-covering
Subdued spot and export demand and the timely progress of monsoon, weighed on sentiment.
 "Turmeric recover on short-covering")
Castorseed recovers on short covering
Says marketmen speculators purchasing at existing lower levels driven by firming trend in the spot markets mainly pushed up castorseed prices.
 "Castorseed recovers on short covering")
Chana up 0.8% on high buying activity
Restricted supplies in spot market supported the trade
 "Chana up 0.8% on high buying activity")
Crude oil futures down 0.4% on Asian cues
Prices fell as speculators reduced exposures
Non-bank agencies keep gold tap flowing
Gold imports in May are estimated to have stood at 135-160 tonnes
 "Non-bank agencies keep gold tap flowing")
Govt mulls ban on gold coin sales by banks
P Chidambaram: country not in position to afford high levels of imports; policies could be reviewed to bring down yellow metal imports
 "Govt mulls ban on gold coin sales by banks")
More capacity resting is key to shoring up aluminium prices
The price fall of close to five per cent on the Shanghai Futures Exchange (SHFE) is comparatively modest
 "More capacity resting is key to shoring up aluminium prices")
Commodity hedging lower in India, more awareness needed
Re-introduction of futures trading in agri commodities in Nov 2002 saw the emergence of three national level derivatives exchanges including MCX, NCDEX and NMCE
 "Commodity hedging lower in India, more awareness needed")
5% mandatory ethanol blending scheme in limbo
Owing to high quotes by distillers and supply delays by OMCs, June 30 deadline may be missed
