Page 979 - Commodity News
Zinc down 0.5% on overseas trend
Prices fell due to sluggish domestic demand
 "Zinc down 0.5% on overseas trend")
Silver futures up 0.75% on global cues
Besides short-covering by speculators, a rising trend in the precious metals in the global market on strong continuing demand, influenced silver prices at futures trade here
 "Silver futures up 0.75% on global cues")
Gold futures extend gains, up 0.19% on global cues
Covering-up of short positions by speculators and rising demand at current levels in the domestic spot market also influenced prices
 "Gold futures extend gains, up 0.19% on global cues")
Oil down in Asia on weak US data
Weak economic data from US sparked concerns over a softer demand for crude
 "Oil down in Asia on weak US data")
Drivers of the gold boom, crash and...
The direction of gold prices will depend on central banks, bullion banks and leveraged hedge funds
 "Drivers of the gold boom, crash and...")
Govt hikes import tariff value of gold to $472/10 grams
However, the import tariff value of silver has been kept unchanged at $762 per kg
 "Govt hikes import tariff value of gold to $472/10 grams")
Commodity futures market helped farmers: Study
Has heloed farmers in dismantling powerful trading cartels in commodities like potato, mentha oil
 "Commodity futures market helped farmers: Study")
Copper may fall to $6,000 level
Demand in China seen weak as its central bank has tightened liquidity to keep inflation under check
 "Copper may fall to $6,000 level")
Palm oil imports drop on increased availability of other edible oils
During March, palm oil imports from Malaysia dropped to a two-year low
 "Palm oil imports drop on increased availability of other edible oils")
Gold recovers half its earlier losses
However, other commodities yet to see meaningful recovery in global markets
 "Gold recovers half its earlier losses")
Natural rubber price to fall on high imports
The Kochi and Kottayam markets today quoted Rs 158 a kg for RSS-4 grade
 "Natural rubber price to fall on high imports")
Gold prices near two-week high; premiums down
India, the biggest buyer of gold, has been trying to limit imports to keep a lid on record current account deficit
 "Gold prices near two-week high; premiums down")
Gold traders retreat; higher supplies weigh on premiums
India, the biggest buyer of gold, has been trying to limit imports to keep a lid on record current account deficit
Soybean gains more than 2% on global cues
Prices rose on speculative buying
 "Soybean gains more than 2% on global cues")
Turmeric rises more than 1% on spot demand
Prices rose as speculators created fresh positions
 "Turmeric rises more than 1% on spot demand")
Chana gains 0.5% on pick-up in demand
Prices gained as speculators enlarged their positions
 "Chana gains 0.5% on pick-up in demand")
Jeera down 0.8% on increased supply
Prices fell on reduced offtake by speculators
 "Jeera down 0.8% on increased supply")
The bull case for gold
Though some experts may have written off gold, there are strong fundamental reasons why prices will continue to remain high
Crude palm oil rises almost 1% on spot demand
Prices moved up as speculators enlarged their positions
 "Crude palm oil rises almost 1% on spot demand")
Sugar output may exceed demand in next 3 yrs: Thomas
India's sugar demand is about 22 mn tonne, while the output in the next 3 yrs is likely to be more than the demand
 "Sugar output may exceed demand in next 3 yrs: Thomas")