Page 982 - Commodity News
Potato slips 0.8% on increased supplies
Prices fell as speculators offloaded their positions
 "Potato slips 0.8% on increased supplies")
Coriander up almost 2% on tight supply
Prices moved up as speculators enlarged their positions
 "Coriander up almost 2% on tight supply")
Turmeric declines more than 1% on increased supply
Estimates of lower output this season restricted the fall
 "Turmeric declines more than 1% on increased supply")
Zinc rises 0.4% on overseas cues
Prices edged up as speculators created positions
 "Zinc rises 0.4% on overseas cues")
Nickel up 0.3% on firm demand
Firmness in select metals at the LME influenced nickel futures here
 "Nickel up 0.3% on firm demand")
Copper weakens 0.7% global cues
Subdued demand in spot market put pressure on the trade
 "Copper weakens 0.7% global cues")
Lead up 0.6% on strong spot demand
Strong domestic demand from battery-makers influenced lead futures
 "Lead up 0.6% on strong spot demand")
Crude oil futures up 0.7% on overseas cues
Weak economic data from China affected crude oil futures here
 "Crude oil futures up 0.7% on overseas cues")
Silver up 0.48% on global cues, short-covering
In the international market, silver bounced 1.10%, to trade at $23.50 an ounce in Singapore after three sessions of losses
 "Silver up 0.48% on global cues, short-covering")
Gold extends gains, up 0.70% on global cues
Covering-up of short positions by speculators on fears of further rise in the prices, also supported the upside
 "Gold extends gains, up 0.70% on global cues")
Market pulse for key metals and energy : Mangal Keshav
Gold holdings of SPDR gold trust, the largest ETF backed by the precious metal, declined to 1,123.06 tons, as on April 19.
Market pulse for agro commodities : Mangal Keshav
Spot rates of jeera were steady & quoted around '125-'26 per kg at Unjha market, as per trade reports.
Gold likely to remain stable; move in Rs 25,500-26,500 range
The precious metal will depend on factors to take direction pulling the entire commodities segment which is currently bearish
 "Gold likely to remain stable; move in Rs 25,500-26,500 range")
Wheat exports feasible as global prices firming up: FCI
Global wheat prices fell sharply in the last one month but have started firming up now
 "Wheat exports feasible as global prices firming up: FCI")
Expiry of lease, low capacity may keep many miners out of business
At least 10 million tonnes of capacity will not come to market in the near future in Karnataka
 "Expiry of lease, low capacity may keep many miners out of business")
Thailand to offer loans to rubber exporters to push prices
Tokyo rubber futures prices, which set the global trend, fell more than three per cent to a five-month low of 242.6 yen a kg on Thursday
 "Thailand to offer loans to rubber exporters to push prices")
Gold to trade in narrow range on lack of supportive fundamentals
In dollar terms, gold prices fell by 5.3% to close the week at $1,403 an oz from the level of $1,483 an oz on April 12
 "Gold to trade in narrow range on lack of supportive fundamentals")
Gold surges 1% on global cues, spot demand
At the spot markets, gold reclaimed Rs 27,000 level with prices rising by a whopping Rs 500 to trade at Rs 27,100 per 10 gm
 "Gold surges 1% on global cues, spot demand")
Copper below $7,000, heading for worst week since 2011
Prices have lost almost six per cent so far this week and are now down by nearly 12 per cent on the year