Page 2289 - Commodity News
Lead marginally down on overseas trend
October contract falls 0.08%
Crude oil down 0.27% on global cues
Concerns that global stimulus measures won't be enough to bolster growth influences prices
Mentha oil demand impacted due to gutkha ban
Since September 1, mentha oil has declined by 14.1% to Rs 1,210.80 per kg
Zinc weakens marginally on global cues
September contract down 0.08%
Potato falls 1.9% on weak demand
Increased arrivals contribute to downtrend
Cardamom declines 2.6% on profit-booking
Increased arrivals, subdued demand influence prices
Crude palm oil down 1.77% on profit-booking
Weak overseas trend influences prices
Chana weakens 2.4% on subdued spot demand
Increased arrivals from Madhya Pradesh and Rajasthan influence prices
Mentha oil falls 0.65% on profit-booking
Adequate stocks, weak industrial demand influence prices
Coriander declines 1.6% on profit-booking
Subdued demand contributes to downtrend
Sugar down 0.88% on increased supply
Expectations that govt may release higher non-quota sugar for the festival season influences prices
Jeera falls 1.6% on profit-booking
Thin supplies cap losses
K'taka coffee growers seek Rs 300 cr subsidy in 12th Plan
They want the money to undertake massive mechanisation in the coffee plantations as there is a huge shortage of labour
Gold jewellery retailers to maintain revenue growth
Gold prices and additional revenue from new outlets to drive growth
'Farm research bodies should play role in enhancing yields'
The govt also woke up to the problem of providing nutritional security to people, identified high-burdened malnutritioned districts
Sugar firms cut ethanol output target
Indications of reduced cane availability also, more diversion of molasses for alcohol or chemical industrial use possible
Rice procurement estimated to rise 14%
Govt sets a target of 40 million tonnes for the 2012-13 kharif season
Coffee growers seek Rs 300 cr for mechanisation in 12th Plan
During the 11th Plan period, the govt had allocated Rs 50 cr in the fifth year of the Plan, while only Rs 22 cr of that was released to the beneficiaries
Coking coal prices to rise on China stimulus, BHP output cut
Meanwhile, the production cut planned by BHP is likely to have a significant bearing on Indian consumers