Page 556 - Commodity News
Govt to re-introduce technology upgradation fund for textiles
Onus of funding the sector is likely to be put on the states where factories exist
 "Govt to re-introduce technology upgradation fund for textiles")
Gold prices bottomed out in local currencies, may fall further in dollar terms: survey
The GFMS Gold Survey sees demand improving and so prices, which could average to $1,170 in 2015 and $1,250 in following year
Gold drops Rs 400, silver plunges by Rs 1,350 on global cues
Gold hits one-week low abroad after minutes of Federal Reserve's last meeting show some policymakers favour interest rate hike in June
 "Gold drops Rs 400, silver plunges by Rs 1,350 on global cues")
Jeera gains 0.58% on spot demand
Restricted supplies from growing belts support upside
 "Jeera gains 0.58% on spot demand")
Chana rises 0.8% on firm demand, lower output
Speculators enlarge positions as expectations of lower output due to unseasonal rains in growing regions fuel uptrend
 "Chana rises 0.8% on firm demand, lower output")
Sugar extends gains on spot demand
May, July contracts add 0.72% and 0.97% respectively, on higher summer season offtake from bulk consumers and retailers
 "Sugar extends gains on spot demand")
Cardamom rises 1.82% on spot demand
Speculators create fresh positions, as lower supplies from growing areas fuel uptrend
 "Cardamom rises 1.82% on spot demand")
Lead declines by 0.2% on overseas cues
Subdued demand from battery-makers in the domestic spot market also affected prices
 "Lead declines by 0.2% on overseas cues")
Crude palm oil loses ground as demand wanes
April, may contracts shed 0.6% each as speculators offload positions
 "Crude palm oil loses ground as demand wanes")
Zinc softens by 0.4% on global cues
Speculators trimmed positions after the metal weakened amidst subdued domestic demand
 "Zinc softens by 0.4% on global cues")
Silver falls by 0.8% on weak global cues
Speculators reduced their exposure, affecting prices
 "Silver falls by 0.8% on weak global cues")
Gold futures drop Rs 150 on weak global cues
Metal weakens abroad after minutes from Federal Reserve's last meeting shows some policy makers favour raising interest rates in June
 "Gold futures drop Rs 150 on weak global cues")
Mentha oil up by 0.3% on high demand
Participants created fresh positions after demand picked up from consuming industries in the spot market
 "Mentha oil up by 0.3% on high demand")
Nickel up by 0.1% on good demand
Speculators enlarged positions, tracking a firming trend in spot market on increased demand from alloy-makers
 "Nickel up by 0.1% on good demand")
Copper falls by 0.2% on global cues
Speculators reduced positions amid a weak trend overseas and low demand in the spot market
 "Copper falls by 0.2% on global cues")
Oil prices rebound in Asia trade
Analysts however expect prices to remain under pressure owing to a global oversupply
 "Oil prices rebound in Asia trade")
Russia threatens to restrict potato import from India
If exports fall, farmers' plight will worsen as they are selling in distress
JSW Steel switches to daily pricing for long products
Complains of pressure from input price fluctuations, rising imports
 "JSW Steel switches to daily pricing for long products")
Platinum jewellery market grows 28% in 2014: Study
There has been a change in the buying trend for precious metal jewellery, leaning more towards everyday wear and gifting, leading to an acceptance of platinum
 "Platinum jewellery market grows 28% in 2014: Study")
Chana climb by 1.3% on lower output
Participants enlarged speculative positions amid expectations of lower output due to unseasonal rains in growing regions