Page 2201 - Commodity News
Steel mills' reliance on pellet grows
With no end foreseeable to shortage of high grade ore, pelletisation units being erected by most firms
New Year begins on a grim note for coffee exports
Arabica prices crash 52 per cent, production likely to be shorter than estimates
Rise in wheat MSP increases food ministry's cost by 5%
The Centre had procured 38.15 mn tonnes of wheat in 2012-13 rabi marketing year
Cardamom gains 0.18%
Lower arrivals helped the gains
Mentha oil up on demand
Pick-up in demand from pharmaceautical units influenced the price
Crude palm oil up 1.24%
Rising spot market demand kept the crude palm higher
Turmeric rises on lower output estimates
Increased demand in spot market triggered the uptrend
Pepper up 0.33% on spot market demand
Weak export demand capped the gains
Potato up 0.21% on demand
Less arrivals from producing region supported the uptrend
Chana slips 0.14% as speculators offload positions
Sluggish spot market demand triggered the downtrend
Gold futures up 0.28% on increased buying
Firm global trend pushed the price up
Jeera weakens by 0.63% on higher output hopes
Higher output expectations led to the downtrend
Silver futures up 0.45% on global cues
Strong overseas markets pushed up the metal
Almond up 0.10% on rising spot market demand
Winter season also influenced the price