Page 971 - Commodity News
Turmeric falls 0.5% on supply pressure
Subdued export demand also weighed on the turmeric prices
 "Turmeric falls 0.5% on supply pressure")
Mentha oil declines on profit-booking
Adequate stocks position affected the trade
 "Mentha oil declines on profit-booking")
Jeera down 0.3% on higher supply
Weak export demand also put pressure on prices
 "Jeera down 0.3% on higher supply")
Cardamom down more than 2% on supply pressure
Increased arrivals from producing belts affected the trade
 "Cardamom down more than 2% on supply pressure")
Zinc marginally up on overseas cues
Improved demand in spot market supported the trade
 "Zinc marginally up on overseas cues")
Private buyers crowd out government in wheat procurement process
Last year, flip-flops in the government policy on OMSS wheat price had driven mills in the South to buy more from the open market
 "Private buyers crowd out government in wheat procurement process")
Edible oil imports fall 29% in April
Analysts said the fall was primarily on account of increased stocks due to excessive imports since December 2012
 "Edible oil imports fall 29% in April")
Gold buying muted after RBI measure
The central bank yesterday banned gold imports through consignment to moderate demand
 "Gold buying muted after RBI measure")
FMC mulls measures to broadbase agri futures
The FMC is considering steps to deepen the market, make the environment more flexible for hedgers and create room for smaller farmers to trade in the futures market
 "FMC mulls measures to broadbase agri futures")
April gold surge not sustainable, say analysts
weak domestic demand and fall in the prices of gold and oil will help narrow the current account deficit to 4.3% in FY14
 "April gold surge not sustainable, say analysts")
Aluminium weakens 0.4% on global cues
Subdued demand in domestic spot markets affected the trade
 "Aluminium weakens 0.4% on global cues")
Copper fall 0.9% on weak global cues
US retail sales that increased in April triggered the downtrend
 "Copper fall 0.9% on weak global cues")
Lead down 0.6% on subdued spot demand
The metal's gain at London Metal Exchange limited the fall
 "Lead down 0.6% on subdued spot demand")
Zinc down 0.5% on weak overseas cues
Subdued domestic spot demand affected the trade
Nickel down 0.4% on overseas trends
Subdued domestic demand affected the trade
 "Nickel down 0.4% on overseas trends")
Silver futures down 0.25% on lower global trend
Speculators trimmed positions in tandem with a weak global trend as strength in the dollar curbed demand for the precious metals, put pressure on silver futures here
 "Silver futures down 0.25% on lower global trend")
Gold futures up on firm global cues
Rise in gold futures was mainly in line with a firming trend in overseas markets as a three-day declining streak lure some buyers
 "Gold futures up on firm global cues")
Market pulse for agro commodities : Mangal Keshav
Average price of small cardamom declined to Rs 526.3 per kg
Akshaya Tritiya sends gold jewellery sales up 25%
People buy on the cheap as metal stands at Rs 26,985/10 g on Monday against Rs 29,060 last year
 "Copper nears highest in a month")