Page 1429 - Commodity News
SterliteCopper lines up Rs 3,300 cr investments in next 2 years
The company would increase job creation in Tuticorin from the present 3,500 to 5500 people, indirect jobs of 20,000 to 35,000
Nickel falls 0.5% on sluggish demand
Sluggish demand from alloy-makers in the spot market affected the trade
 "Nickel falls 0.5% on sluggish demand")
Copper moves down 0.5% on profit-bookings
Prices fell as speculators indulged in profit bookings, driven by a fall in spot market demand
 "Copper moves down 0.5% on profit-bookings")
Seed companies reap rich harvest on Bt cotton wave
Bt cotton has doubled the seed industry and boosted the fortunes of seed firms. But yields still need to improve
NCDEX introduces uniform depository guidelines for agri commodities
App would act like electronic record keeping addressing specific requirements for commodity management
 "NCDEX introduces uniform depository guidelines for agri commodities")
Coriander falls on profit-booking
Prices fell as as speculators booked profits at existing higher levels
 "Coriander falls on profit-booking")
Chana weakens 0.4% on profit-booking
Weak spot market trend affected the trade
 "Chana weakens 0.4% on profit-booking")
Mentha oil up 0.7% on pick up in spot demand
Good demand from consuming industries triggered the uptrend
 "Mentha oil up 0.7% on pick up in spot demand")
Potato falls 0.5% on fresh supply
Fresh arrivals from producing belts also put pressure on potato futures prices
 "Potato falls 0.5% on fresh supply")
Crude palm oil up 0.8% on spot demand
Prices rose as speculators created fresh positions
 "Crude palm oil up 0.8% on spot demand")
Cardamom down 0.8% on high arrivals
Prices went down due to adequate stocks available in physical the market
 "Cardamom down 0.8% on high arrivals")
Oil prices rebound in Asian trade
Both contracts had tumbled more than $2 yesterday in United States as traders absorbed poor global economic data
 "Oil prices rebound in Asian trade")
Soybean production thiskharif is expected to be at record high
Ruchi Group of Industries is expecting to ship about 1.7-1.8 million tonnes soya meal
Fed's QE3 withdrawal threat pulls bullion to multi-month low
Platinum becomes more attractive with sales doubling month-on-month since January
 "Fed's QE3 withdrawal threat pulls bullion to multi-month low")
Tin leads fall in base metals
Copper fell about two per cent to settle at $7,847.5 a tonne
 "Tin leads fall in base metals")