Page 1002 - Commodity News
Copper falls 0.6% on weak global cues
Prices fell as speculators offloaded their positions
 "Copper falls 0.6% on weak global cues")
Mentha oil falls almost 2% on sluggish demand
Prices were affected as traders reduced their positions
 "Mentha oil falls almost 2% on sluggish demand")
Silver futures down 0.2% on weak demand
However, a firming trend overseas capped the fall
 "Silver futures down 0.2% on weak demand")
Gold futures down 0.2% on weak global cues
Dollar climbing on prospects for a US recovery affected gold futures globally
 "Gold futures down 0.2% on weak global cues")
Oil prices rise in Asian trade
Eurozone's economic woes continue to cast a shadow on the market
 "Oil prices rise in Asian trade")
 "Wheat procurement to gain steam next week")
Cotton records longest slump in six months
The commodity hits longest slump in six months, on mounting speculation that global supplies will outpace demand
 "Cotton records longest slump in six months")
'Investment demand in gold to drop 3% in 2013'
Safe-haven bids weaken as economic gloom seen lifting
 "'Investment demand in gold to drop 3% in 2013'")
India's per capita consumption of edible oil might rise 4%
Overall consumption of cooking oil hit 17.5 mn tonnes, up 6% over last year's usage
 "India's per capita consumption of edible oil might rise 4%")
Groundnut exporters' woes continue
Russia's ban on groundnut imports from India raises quality concern
 "Groundnut exporters' woes continue")
Steel makers try discounts to get customers
Face falling demand from user-industries, including construction and industrial sectors
 "Steel makers try discounts to get customers")
Cashew workers demand increase in wages
Workers demand 75% hike, which the management is not ready to accept
 "Cashew workers demand increase in wages")
Designer pearls set to get a leg up
Central Marine Fisheries Research Institute has developed a technology to artificially produce designer pearls
Gold imports likely to be high this year
This year, WGC expects India's gold demand to stand at 865-965 tonnes. Last year, it was 864.2 tonnes
 "Gold imports likely to be high this year")
Gold falls below $1,600, euro zone worries cushion drop
ECB worked to allay anxiety that the Cyprus bailout could have negative implications for other euro zone states
 "Gold falls below $1,600, euro zone worries cushion drop")
Govt releases 0.6 MT less sugar for Apr-Sept
This is after govt released 11 mn tonnes of sugar for sale in open market in the preceding six months
 "Govt releases 0.6 MT less sugar for Apr-Sept")
Nil import duty on pulses likely for one more year
Move seen to tackle prices and augment domestic supply
 "Nil import duty on pulses likely for one more year")
Potato extends gains on tight supply
Potato extended gains for the second day
 "Potato extends gains on tight supply")
Pepper remains weak on supply pressure
Expectations of higher output weighed on the sentiment
 "Pepper remains weak on supply pressure")
Jeera falls 0.4% on rising arrivals
Increased arrivals of new crop in the physical market affected the trade
 "Jeera falls 0.4% on rising arrivals")