Crude Prices Moved Marginally Higher As Iran Uncertainty Continued : 26-05-12

Crude prices moved marginally higher on Friday as uncertainty about Iran's talks with world powers continued to stir supply-disruption worries, though the gains were muted with worries about a battered European economy in forefront. A data showed rise in US consumer confidence supporting the prices but traders remained cautious ahead of the long weekend and unending saga of European economic problems with no resolution in sight signaling weaker prospects for oil demand. Meanwhile, Iran has accused world powers of creating 'a difficult atmosphere' that hindered negotiations on its atomic energy program, stalling diplomatic work to defuse fears of an Iranian attempt to develop nuclear bombs. Benchmark crude for July delivery settled at $90.86 a barrel, up 20 cents on the New York Mercantile Exchange. In London, Brent crude for July settled 28 cents or 0.3% higher, at $106.83 a barrel on the ICE.

Black Pepper Succumbs To Profit Booking : 25-05-12

Black pepper has plunged in the spot markets and was being offered down by Rs 1,000 per quintal on slow buying activities and profit booking on Friday. Black pepper un-garbled quoted at Rs 37,500 per quintal and MG-1 at Rs 38,500 a quintal in spot market. In the international market, Indian black pepper MG -1 quoted at $ 7,150 per tonne Europe and $ 7,450 per tonne C&F US.

Chana Trades Steady On Dull Demand : 25-05-12

Chana have made a steady start on Friday on dull demand at Lawrence Road market in Delhi. Rajasthan line chana quoted at Rs 4,150-4,175 a quintal. Karnataka Annagiri chana offered at Rs 4,500-4,800 a quintal. MP line chana quoted at Rs 4,150-4,175 per quintal. Maharashtra line chapa variety godown chana offered at Rs 4,450-4,500 a quintal.