Restriction in supplies of Turmeric takes prices higher
Published on Thursday, May 23, 2013 6:13 PM
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Turmeric prices rose in the domestic market today as supplies restricted from the producing areas after farmers stopped the supplies in expectation of further price rise in coming days and traders booked profits at the higher levels. At the NCDEX, Turmeric future for the June contract traded at Rs 6046, up by 0.83 per cent after opening at Rs. 6014 ag ...
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Profit booking drags cardamom prices down by 1%
Published on Thursday, May 23, 2013 6:12 PM
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Cardamom prices fell in the domestic market as traders booked profit at higher levels due to reduction in the spot demand. According to the analysts, reduced demand and over supplies from the producing areas pressurized the prices. At the MCX, Cardamom future for the June contract traded at Rs 735.80, down by 1.01 per cent after opening at Rs. 744.90 ...
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Mentha Oil drops for the second day on demand concerns
Published on Thursday, May 23, 2013 5:27 PM
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Mentha oil continued to decline for the second consecutive day on Thursday as demand declined in the spot market. Moreover, the traders shredded their positions and booked profits at higher levels. According to analysts, continued supply form the producing areas and limited demand lead to fall in the prices of the commodity. At the MCX, Mentha Oil fut ...
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Gold premiums ease as supplies rise
Published on Thursday, May 23, 2013 5:08 PM
MUMBAI - Indian gold futures jumped more than a percent on Thursday aided by a weaker rupee and firm global trends, while premiums on physical gold eased due to some supply from bullion importing agencies.
The Reserve Bank of India restricted banks from consignment imports of the yellow metal, except for jewellery exporters, after imports in April jump ...
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Crude Palm Oil futures up amid higher demand
Published on Thursday, May 23, 2013 4:14 PM
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Crude Palm Oil (CPO) futures rose in the domestic market on Thursday as investors and speculators created fresh positions in the agri-commodity amid a pickup in physical demand for CPO in the domestic spot market. Globally, investors are hoping for a pickup in demand for the agri-commodity as traders undertake restocking ahead of the Muslim holy month ...
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Lead futures slump on weak China manufacturing data, sluggish physical demand
Published on Thursday, May 23, 2013 4:13 PM
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Lead futures fell sharply in the domestic market on Thursday as investors and speculators exited positions in the base metal amid weak physical demand for lead from battery-makers in the domestic spot market. Further, a weak trend in overseas markets also added to selling pressure in the base metal as the first contraction in Chinese manufacturing in ...
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Soybean futures fall amid weak physical demand
Published on Thursday, May 23, 2013 4:07 PM
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Soybean futures fell in the domestic market on Thursday as investors and speculators exited positions in the agri-commodity amid sluggish physical demand for soybean in the domestic spot market. Market analysts said that adequate physical supplies of the agri commodity against weak demand mainly exerted selling pressure in soybean futures in the domes ...
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Crude palm oil rose more than 0.40% on declining production.
Published on Thursday, May 23, 2013 4:04 PM
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Crude palm oil rose for the third straight day in the domestic market on expectations of slump in production for a fifth month in Malaysia, the world’s second-largest producer. According to the data available from Malaysian Palm Oil Board, stocks declined 11 percent to 1.93 million tons in the month of April and have dropped 27 percent from a re ...
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China manufacturing contraction drags down Copper futures
Published on Thursday, May 23, 2013 4:10 PM
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Copper futures slumped in the domestic market on Thursday after a report said that manufacturing activity in China, the world’s biggest copper consuming nation, shrank for the first time in seven months, darkening the demand outlook for the base metal. The gauge measuring Chinese manufacturing fell to 49.6 this month from 50.4 in April 2013, wit ...
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