Page 961 - Commodity News
Potato rises almost 1% on spot demand
Restricted arrivals from producing regions supported the trade
 "Potato rises almost 1% on spot demand")
Crude palm oil marginally up on spot demand
Prices rose as speculators created fresh positions
 "Crude palm oil marginally up on spot demand")
Cottonseed oilcake falls over 1% on selling pressure
Increased arrivals affected the trade
 "Cottonseed oilcake falls over 1% on selling pressure")
Mentha oil rises on pick-up in spot demand
Prices rose as participants increased holdings
 "Mentha oil rises on pick-up in spot demand")
Zinc up 0.6% on overseas cues
Prices rose as speculators enlarged positions
 "Zinc up 0.6% on overseas cues")
Lead up 0.8% on overseas cues
Besides, strong spot demand had a positive impact on the trade
Nickel up 0.5% on firm demand
Encouraging trend in copper, other base metals in global markets supported the upside
Crude oil futures down on weak Asian cues
Concrens over weak global economic growth dragged crude demand
 "Crude oil futures down on weak Asian cues")
Silver futures move up 0.5% on global cues
Prices rose as participants created fresh positions
 "Silver futures move up 0.5% on global cues")
Gold futures up 0.1% on global cues
Prices went up as speculators created fresh positions
 "Gold futures up 0.1% on global cues")
Copper prices rise on global cues, spot demand
Globally, copper for delivery in three months climbed 1% to $7,380 a tonne on the London Metal Exchange.
 "Copper prices rise on global cues, spot demand")
Maize contracts hit lower circuit on high output estimates
Commodity for delivery in June, august, Jul, September plunged 4% to trade at Rs 1,376 a quintal
 "Maize contracts hit lower circuit on high output estimates")
Aluminium prices rise on global cues, spot demand
Strong demand in the spot markets also influenced metal prices.
 "Aluminium prices rise on global cues, spot demand")
Oil down in Asia as OPEC leaves output unchanged
OPEC also voices concerns over weak global economic growth dragging crude demand
 "Oil down in Asia as OPEC leaves output unchanged")
Price fall fails to check rush
Spike in demand dashes hopes of relief on current account deficit
 "Price fall fails to check rush")
Volatility in base metals to continue
Copper recovered an initial loss to close the week range-bound at $7,241 a tonne
Sugarcane acreage likely to fall 10% this kharif season
Vagaries of monsoon during last season created water shortage in cane-rich states; farmers switched to other crops like cotton, guar and soybean
 "Sugarcane acreage likely to fall 10% this kharif season")
Spike in Gold demand may keep current account deficit elevated
Surge in imports could push gold import bill above $50 bn, ahead of than Rangarajan's estimated $45 billion
 "Spike in Gold demand may keep current account deficit elevated")
 "Increased arrivals see guar prices fall 16%")
 "Poultry players eye high realisation via lower volumes")