Commodity Market Roundup : 12.09.2016

Commodity Market Roundup : 12.09.2016

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Gold dropped as hawkish comments on U.S. interest rates from a top Federal Reserve official helped lift the U.S. dollar.

Silver dropped amid stronger U.S. dollar and concerns that the Federal Reserve may raise interest rates sooner than expected.

Crude oil prices dropped as traders noted that a tropical storm was behind this week's unexpected slump in U.S. crude inventories.

Copper prices dropped in the wake of the northern hemisphere summer lull, while prices have also been cushioned by a softer dollar.

Zinc prices dropped weighed by a stronger dollar, weak oil prices and concern about Europe's economy after German exports tumbled.

Nickel prices gained ahead of an announcement by the Philippines of the results of an environmental audit into Spices mines

Natural gas prices gains after government data showed a smaller than expected increase in the amount of natural gas in storage.

Ref.Soya oil prices ended with losses amid subdued demand of soybean from oil crusher. Cereals
Mentha oil prices settled flat amid fall in physical demand from major consuming industries in the domestic spot Oil and Oilseeds & Others market.

Soyabean dropped higher supply from India and US following robust crop progress reports and on weak demand oilmeal in export market.

Chana prices dropped on profit booking amid government initiatives to check rising prices and availability of pulses

Turmeric prices dropped due to lack of fresh upcountry demand at the spot market. Currency
Jeera prices ended with losses on account of higher supply from the producing belts.