Page 1006 - Commodity News

Tea season starts on a strong note

Good varieties of Assam tea are sold at Rs 200-250 a kg, against Rs 180-200 a kg a year earlier

Silver futures down 0.59% on lower global trend

Silver for May delivery moved down by Rs 326, or 0.59% to Rs 54,737 per kg in business turnover of 10,515 lots

Gold futures trade in narrow range

A weaker rupee kept the downside in prices limited

Potato down almost 3% on poor demand

Increased supplies in the spot market affected the trade

Turmeric down more than 2% on profit-booking

Prices were affected due to profit-booking

Pepper down 0.4% on higher output hopes

Hopes of higher output estimates also influenced the trade

Chana up 0.6% on good demand

New season arrivals capped the gains

Coriander down more than 1% on poor demand

Prices fell as speculators trimmed their positions

Cardamom falls 0.6% on comfortable stocks

Prices fell as speculators reduced their positions

Crude palm oil up 0.4% on firm overseas cues

Firming overseas trends influenced crude palm oil futures

Sugar up on 0.4% short-covering

Ample supplies in physical markets limted the gains

Mentha oil up 0.8% on firm spot demand

Expectation of lower arrivals in spot markets influenced the trade

Market pulse for precious and industrial metals: Mangal Keshav

Finance minister of Maharashtra has proposed to hike Value added tax (VAT) on gold, silver and jewellery made from these metals from 1% to 1.1%, this hike in tax will be limited only for one year, as

Oil and Oilseed market update: Nirmal Bang

In the domestic market, soybean complex edged higher after trading in a narrow range for five days in a row.

Market pulse for various agro commodities: Mangal Keshav

Finance minister of Maharashtra has proposed to hike tax on sugarcane purchase from 3% to 5% to raise fund for drought relief, as per annual state budget for FY2013-14.

WTI crude drops as manufacturing adds to Cyprus concern

Futures down as much as 0.8 per cent in New York

Cotton crop worldwide seen falling

Farmers are making more money planting grains even after the fibre's rally

Ore exports from Andhra ports decline

Visakhapatnam and Kakinada ports lost 30%, Gangavaram has lost more than 80%

Scrap import to go up 25% in FY13

Steel mills' dependence rises, with estimated gap of 11 mt between domestic demand and supply

Tyre makers cut prices on high inventory, poor demand

Prices slashed by 1-5% across all product categories; companies are passing on the benefits of lower natural rubber prices to the customers