Page 967 - Commodity News
Mustardseed up 1% on increased buying
Restricted supply supported the trade
 "Mustardseed up 1% on increased buying")
Liquidate excess foodgrain stock, suggests Gulati
Says, will help bring down cereal inflation as well as narrow fiscal deficit
 "Liquidate excess foodgrain stock, suggests Gulati")
Chana rises 0.5% on firm demand
Rising supplies from new crop supported the trade
 "Chana rises 0.5% on firm demand")
Almond surges almost 3% on good spot demand
Prices went up as speculators created fresh positionson
 "Almond surges almost 3% on good spot demand")
Crude palm oil up marginally on global cues
Prices went up as speculators created fresh positions
 "Crude palm oil up marginally on global cues")
Mentha oil surges 3 on industrial demand
Lower arrivals from Chandausi also supported upside
 "Mentha oil surges 3 on industrial demand")
Zinc up 0.5% on spot demand
Firming trend in copper and other base metals overseas supported the trade here
 "Zinc up 0.5% on spot demand")
Lead up 0.4% on overseas cues
Strong domestic demand from battery-makers supported the trade
 "Lead up 0.4% on overseas cues")
Nickel up 0.4% on firm demand
Prices rose as speculators enlarged their positions
 "Nickel up 0.4% on firm demand")
Copper rises 0.5% on spot demand
Mine-supply concerns overseas influenced copper futures here
 "Copper rises 0.5% on spot demand")
Silver futures down 0.4% on global cues
Prices fell as speculators trimmed their exposures
 "Silver futures down 0.4% on global cues")
Gold futures recover 0.3% on global cues
Prices went up as speculators created fresh positions
 "Gold futures recover 0.3% on global cues")
FMC strictures for independent directors, MDs, CEOs of exchanges
FMC has asked exchanges to give effect to these guidelines, aiming to improve corporate governance, by August 31
 "FMC strictures for independent directors, MDs, CEOs of exchanges")
Cement prices to remain subdued in coming months
Fall after January-February recovery to continue
 "Cement prices to remain subdued in coming months")
 "UP to motivate farmers to hedge risk on futures platform")
India to foot $8 bn for coal, fertiliser, scrap imports
Price outlook for most is moderate or lower compared to last year but import dependence is rising
 "India to foot $8 bn for coal, fertiliser, scrap imports")
Gold recovers from 21-month low; jumps by Rs 680
Gold had plunged to 21-month lows in the previous session which triggered the value buying
 "Gold recovers from 21-month low; jumps by Rs 680")
Potato declines 0.5% on higher supply
Prices went down as speculators offloaded positions
 "Potato declines 0.5% on higher supply")
Crude palm oil softens on global cues
Sufficient supplies in spot market affected the trade
Chana gains 0.5% as demand picks up
However, reports of record output restricted the gains