Page 1433 - Commodity News
Cardamom falls 1.5% on subdued demand
Adequate stocks in the physical market also influenced cardamom futures trade
 "Cardamom falls 1.5% on subdued demand")
Mentha oil down 1.7% on weak demand
Prices dropped as investors reduced fresh long position
 "Mentha oil down 1.7% on weak demand")
Banana prices to moderate in next 2-3 months: report
Increased supplies pulling down prices in the market; however trend might change from May
 "Banana prices to moderate in next 2-3 months: report")
Oil mixed in Asian trade
Data showing weaker oil exports from Saudi Arabia affects prices
 "Oil mixed in Asian trade")
 "Oil firms to get CCI notice on cartelisation")
Posco, Vedanta impasse impairing Odisha's industry image
Vedanta has more than once made offers to Nalco to buy its surplus alumina paying a reasonable premium over the world market price
 "Posco, Vedanta impasse impairing Odisha's industry image")
S&P eyes commodity indices trade in India
With trading volumes more than doubling through the past three years, the market has attracted global commodity majors
 "S&P eyes commodity indices trade in India")
Retail consumers drive gold demand in India
Nullify governments efforts to curb gold imports in order to control the burgeoning CAD; 850-950 tonnes of inward shipment expected this year
 "Retail consumers drive gold demand in India")
Nickel drops 1.8% on sluggish demand
Weak trend of base metal in overseas markets dampened the sentiment here
 "Nickel drops 1.8% on sluggish demand")
Copper dips 0.1% on lower global trend
Prices dipped as speculators offloaded their positions
 "Copper dips 0.1% on lower global trend")
Sugar production in 2012-13 until Feb 15, 2.70% more than last year: ISMA
Till date almost 168 million tonnes of sugarcane has been crushed in the country with an average recovery rate of 9.8%
 "Sugar production in 2012-13 until Feb 15, 2.70% more than last year: ISMA")
India likely to take more steps to curb gold imports: MMTC
India, the world's biggest gold importer, is likely to take more steps to curb purchases of bullion
Mentha oil falls 0.1% on profit-booking
Subdued domestic demand also had negative impact on the mentha futures trade
Coriander falls 1.2% on profit-booking
Prices fell as speculators booked profits at existing higher levels
 "Coriander falls 1.2% on profit-booking")
Edible oil to remain subdued till June 2013 on ample supplies: Religare
Report says thereafter much will depend on how southwest monsoon progresses over India and also the soybean crop sowing prospects in US
 "Edible oil to remain subdued till June 2013 on ample supplies: Religare")
Crude palm oil up 0.8% on rising demand
Firming overseas markets influenced crude palm oil futures trade here
Cardamom down 1.4% on sluggish demand
Adequate stocks position in the physical market also influenced trading in cardamom prices
Crude prices mixed in Asian trade
Dip in US industrial output spurs concerns about lagging economic activity
 "Crude prices mixed in Asian trade")
 "IOPEPC starts issuing groundnut export certificates")