Page 591 - Commodity News
Surat diamond bourse on fast track after hiccups
Land allotted, foundation laying ceremony soon
 "Surat diamond bourse on fast track after hiccups")
Jaggery price rises 25% in a month on high cost of sugarcane
Supply snags and higher cane cost push prices, softening likely in coming weeks
 "Jaggery price rises 25% in a month on high cost of sugarcane")
Nickel down 1.3% on global cues
However, other base metals held steady in limited deals
 "Nickel down 1.3% on global cues")
Castor seed prices down 2.3% amid weak cues
Marketmen said subdued trend on low domestic and export demand, increased supplies in the spot markets put pressure on the commodity
 "Castor seed prices down 2.3% amid weak cues")
Palm oil down 2% on subdued spot demand
Oil for delivery in January traded lower by 2.16%
 "Palm oil down 2% on subdued spot demand")
Mentha oil futures gain 0.54% on spot demand
Oil for delivery in January edged up by 0.48%
 "Mentha oil futures gain 0.54% on spot demand")
Chana up 0.4% on spot demand
Analysts said pick up in demand in the spot market, tight stocks position on restricted supplies from producing belts led to the rise in prices
 "Chana up 0.4% on spot demand")
Nickel up 2.4% on spot demand
Metal for delivery in February rose by 2.27%
Silver down 2% on lower global cues
Metal for delivery in far-month May lost 1.90%
 "Silver down 2% on lower global cues")
Gold down 0.9% on weak global cues, profit-booking
Metal for delivery in far-month April was down by 0.85%
 "Gold down 0.9% on weak global cues, profit-booking")
Oil prices down in Asia
Anti-austerity party Syriza swept to victory in Greece's general elections, dealing a further blow to the struggling euro
 "Oil prices down in Asia")
Gold to remain elevated in the short term: analysts
Greece election and US Fed meet crucial events for the bullion market
 "Gold to remain elevated in the short term: analysts")
De Beers to sell large size diamonds through forward contracts
Will sell +2 carat diamonds through the route for the first time
 "De Beers to sell large size diamonds through forward contracts")
Odisha's Potato Mission to cost Rs 267 crore
Expenditure finance committee to appraise the scheme
 "Odisha's Potato Mission to cost Rs 267 crore")
Gold imports came to halt as discounts widened
High discounts are due to huge carry over stock of gold imported in November
 "Gold imports came to halt as discounts widened")
Guargum sheds 1.4% on selling pressure
Traders offload positions on increased arrivals in the physical markets from growing belts
 "Guargum sheds 1.4% on selling pressure")
Castorseed down 1.1% on profit-booking
Delivery in February contracts dropped by 1.04%
Cardamom down 1% on sluggish demand
Spice for delivery in February contracts traded lower by 0.36%
 "Cardamom down 1% on sluggish demand")
Refined soya oil down 0.3% on profit booking
Oil for delivery in February contracts shed 0.24%
 "Refined soya oil down 0.3% on profit booking")
Coriander up 4.9% on spot demand
Spice for delivery in April contracts shot up by 4.76%
 "Coriander up 4.9% on spot demand")