Page 463 - Commodity News
Gold futures rise 0.08% on global cues
Speculators enlarge bets on back of firming global trend
 "Gold futures rise 0.08% on global cues")
Silver futures up 0.2% on firm global cues
Speculators build fresh positions amid firm trend overseas
 "Silver futures up 0.2% on firm global cues")
 "Crude oil could hurt remittances")
 "Rising fodder prices spell gloom for poultry sector")
Bharat Diamond Bourse bans trade in synthetics
Move follows reports of mixing of synthetic diamonds with natural ones and selling the entire lot as naturals
 "Bharat Diamond Bourse bans trade in synthetics")
Coffee exports drop marginally to 3,00,522 tn in 2014-15
Major export destinations for India coffee are Italy, Germany, Turkey, Russian Federation and Belgium, among others
 "Coffee exports drop marginally to 3,00,522 tn in 2014-15")
Oil prices edged up after recent losses
However, analysts said the market remains hobbled by an oversupply of the commodity
 "Oil prices edged up after recent losses")
A muted year for tea sector
Weak crop, low exports and subdued prices bring little cheer to producers
 "A muted year for tea sector")
Price of pulses might fall in two weeks
On October 16 the Centre announced inclusion of importers, exporters, processors and large retailers under the purview of its stock limit order
 "Price of pulses might fall in two weeks")
35k tonnes of pulses seized in 10 states
Following the action, tur prices on Wednesday declined marginally in retail markets to Rs 205 per kg from Rs 210 on Tuesday
 "35k tonnes of pulses seized in 10 states")
Raw jute prices to firm up on higher consumption estimates
Raw jute availability has been pegged at eight million bales for this fiscal
 "Raw jute prices to firm up on higher consumption estimates")
Refined soya oil climbs 1.09% on upsurge in demand
Traders enlarged positions as tight supplies from producing regions sustain uptrend
 "Refined soya oil climbs 1.09% on upsurge in demand")
Sugar slumps by 0.91% on ample stocks
Speculators trim positions as higher supplies from mills maintain pressure on prices
 "Sugar slumps by 0.91% on ample stocks")
Barley spurts on rising spot demand
Traders raise their bets amid tight supplies from growing regions
 "Barley spurts on rising spot demand")
Guargum surges 2.56% on strong demand
Prices also rise due to fall in production as farmers switch over to other crops
 "Guargum surges 2.56% on strong demand")
Copper falls by 0.4% on weak global cues
Speculators trimmed their positions amid a weak trend in global markets
 "Copper falls by 0.4% on weak global cues")
Lead declines 0.13% as demand slackens
Traders offload positions as weak trend in base metals on LME sustains downtrend
 "Lead declines 0.13% as demand slackens")
Aluminium sheds 0.35% on global cues
Subdued demand in the domestic spot markets also weighs on prices
 "Aluminium sheds 0.35% on global cues")
Tight supply lifts mentha oil by 0.71%
Speculators build fresh positions as pick-up in demand supports uptrend
 "Tight supply lifts mentha oil by 0.71%")
Nickel down by 0.5% on overseas trends
Sluggish demand from alloy-makers in the domestic spot market also affected prices
 "Nickel down by 0.5% on overseas trends")