Page 582 - Commodity News
Castor seed price falls 17% in 6 weeks
Arrival of the new-season crop and weak demand for its derivatives from markets abroad are the reasons
 "Castor seed price falls 17% in 6 weeks")
Coconut oil, copra prices to strengthen
Price of copra is expected to remain high in the coming months as the conversion of coconut into copra stands minimum due to less arrivals of copra in the market
 "Coconut oil, copra prices to strengthen")
Centre will announce MSP for kharif crops in May: Kundariya
Decision taken to allow farmers to take informed decisions before beginning sowing
 "Centre will announce MSP for kharif crops in May: Kundariya")
Indian gold prices swing to premium
Prices at $2-$3 premium an ounce over intl benchmark as jewellery demand increases
 "Indian gold prices swing to premium")
Cardamom rises by 0.7% on spot demand
Speculators created fresh positions amid pick-up in demand in spot markets
 "Cardamom rises by 0.7% on spot demand")
Crude palm oil falls by 0.5% on subdued demand
Speculators reduced positions, driven by a fall in demand in the spot market
 "Crude palm oil falls by 0.5% on subdued demand")
Copper rise by 0.7% on positive global cues
Speculators created fresh positions amid positive cues from overseas markets and pick-up in spot demand
 "Copper rise by 0.7% on positive global cues")
Lead rises by 0.5% on spot demand
A firming trend overseas also influenced prices
 "Lead rises by 0.5% on spot demand")
Silver futures up by 0.8% on global cues
Participants built-up speculative positions, largely driven by a firming trend overseas
 "Silver futures up by 0.8% on global cues")
Gold futures surges by 0.4% on global cues
Speculators created fresh positions on cues from overseas markets
 "Gold futures surges by 0.4% on global cues")
Gold drops to month's low on sluggish demand; silver ends flat
Metal rebounds abroad from 5-week low after Greek deal fails, but gains capped on buzz of earlier Fed rate hike
Jewellers expect import duty reduction in Budget
Government limits, including a record 10% import tax, were intended to shore up a slumping rupee and reverse the country's widening trade deficit
 "Jewellers expect import duty reduction in Budget")
Centre imposes restriction on import of cardamom
Cardamom that does not meet the quality standards or specifications of the Food Safety and Standards Authority of India will not be allowed in the Indian market
Gold demand falls in 2014, but central banks turn big buyers to diversify forex reserves
India regains top spot in gold deman from China; Central banks bought 477 tonnes, second highest in 50 years
 "Gold demand falls in 2014, but central banks turn big buyers to diversify forex reserves")
India's gold demand set to rise upto 20% in 2015
WGC has forecast India's full year gold demand between 900-1000 tonnes in this calendar year
 "India's gold demand set to rise upto 20% in 2015")
Refining margins remain firm in Jan despite crude fall
The benchmark Singapore GRMs averaged at $7.5/barrel in Jan
 "Refining margins remain firm in Jan despite crude fall")
Mentha oil up 0.5% on pick-up in demand
Tight stock positions in the physical market due to restricted supplies from Chandausi in Uttar Pradesh, supported mentha oil prices
 "Mentha oil up 0.5% on pick-up in demand")
Nickel falls by 0.1% on global cues
Speculators indulged in offloading positions after the metal weakened in global markets
 "Nickel falls by 0.1% on global cues")
Aluminium gains by 0.2% on global cues
Speculators enlarged positions amid positive cues from global markets
 "Aluminium gains by 0.2% on global cues")
Copper rises by 0.1% on spot market demand
Participants enlarged positions on rising demand in the domestic spot markets and a firm trend overseas
 "Copper rises by 0.1% on spot market demand")