Page 1360 - Commodity News

Export duty on flat steel abolished

Domestic players unhappy as import duty not imposed to prevent cheap imports

Rs 5,000 cr for agri storage

Panchayats can borrow at 6.5% to build storage facilities

Chidambaram goes after smokers-again

TOBACCO: 18% excise duty increase to impact organised players like ITC and VST

A lot to please textiles sector

TEXTILES: Zero excise on branded garments particularly welcome

Small stainless steel cos to pay Rs 10k additional excise duty

The additional burden comes with Chidambaram proposing hike in excise duty on "Patta Patti" to Rs 40,000 per month from Rs 30,000 earlier in the Budget for 2013-14

Budget: Agro-based Companies happy, edible oil industry disappointed

Setting up storage tanks, silos, godowns in rural sector will certainly boost agriculture sector in India

FM keeps gold import duty steady, for now

Govt could still raise duty if imports do not ease in response to a January hike to 6% from 4%

Cardamom up on pick-up in demand

March cardamom moved up by Rs 1.40, or 0.15% to Rs 965.90 per kg in business turnover of 451 lots

Pepper futures down 0.45% on higher output hopes

Pepper for delivery in April month fell by Rs 160, or 0.45% to Rs 35,145 per quintal with an open interest of 914 lots

Crude palm oil falls on global cues

It dropped 1.4% to $769 a tonne on the Malaysia Derivatives Exchange

Mentha oil up on pick-up in demand

At the Multi Commodity Exchange, mentha oil for delivery in March rose by Rs 2.10, or 0.17%, to Rs 1,242 per kg in business turnover of 115 lots

Budget incentives to galvanised steel makers

Galvanised sheets are coated with zinc metal, are used in roofing; panelling & automobile bodies among others

Package to develop deep sea fishing

Jeera down 0.7% on rising supplies

Prices went down as speculators reduced their positions

Crude up in Asia on strong US data

Better-than-expected US housing data and durable goods orders in US helps prices

Chrome ore firms up in auction, rises over 50%

Millers stare at high wheat prices

If temperature rises in March, arrivals could gain momentum and prices may fall to Rs 1,550 from Rs 1,650 a quintal now

Natural rubber imports to get costlier

Government agrees to steep increase in tariff after concerted pressure from Kerala growers and politicians; tyre industry upset

Large carryover stock may cap sharp gain in castor: JAU

According to the report, the export of castor oil is likely to be around 550,000 tonnes and domestic consumption about 150,000 tonnes in 2012-13

Silver moves down at futures trade on reduced offtake

March silver fell Rs 413, or 0.76% to Rs 54,169 per kg in business turnover of 5910 lots