Page 607 - Commodity News
Even as cargo throughput grows by 4.6%, iron-ore cargo falls in major ports
Gujarat-based ports register strong growth in Q2
 "Even as cargo throughput grows by 4.6%, iron-ore cargo falls in major ports")
Oil below $60 as OPEC, Russians keep pumping
Oil prices have almost halved over the last six months
 "Oil below $60 as OPEC, Russians keep pumping")
Cardamom falls by 0.9% on sluggish demand
Sufficient stocks in the physical market also influenced cardamom prices
 "Cardamom falls by 0.9% on sluggish demand")
Copper falls by 0.2% on weak global cues
Speculators engaged in reducing exposures amid a weak trend in base metals overseas
 "Copper falls by 0.2% on weak global cues")
Mentha oil up 0.6% on rising demand
Speculators enlarged positions on good demand in spot markets
 "Mentha oil up 0.6% on rising demand")
Gold down following cues from global markets
Internationally, gold settled at $1197 per ounce
 "Gold down following cues from global markets")
Oil prices sink further in Asian trade
Dealers watch Russia's ruble crisis and await the latest US crude supply report
 "Oil prices sink further in Asian trade")
Finished textile products now under organic certification
Exporters protest they need at least a year more to comply, if business isn't to be lost
 "Finished textile products now under organic certification")
 "Kharif oilseed output to decline 6%: COOIT")
ICRA expects the domestic sugar production to increase by 3.3%-3.7% annually
Domestic sugar production is expected to outstrip domestic consumption for fifth year in a row
 "ICRA expects the domestic sugar production to increase by 3.3%-3.7% annually")
Oil drops below $59 for first time since 2009
A report showing Chinese industrial activity shrank for the first time in seven months in December added to concern about oil demand
 "Oil drops below $59 for first time since 2009")
Gold, silver recover after steep drops in early trade
Amid weak industrial data from China and US Fed meeting on interest rate, base metals decline
 "Gold, silver recover after steep drops in early trade")
An insatiable appetite for gold
Indians' preference of physical assets to financial ones is a puzzling phenomenon
 "An insatiable appetite for gold")
Castorseed up 2% on rising export and industrial demand
Delivery in December month contract rose by 1.97%
 "Castorseed up 2% on rising export and industrial demand")
NCDEX gets FMC nod to launch 2015 mustard futures contracts
The futures contracts has a trading unit of two tonnes and a delivery centre at Jaipur
 "NCDEX gets FMC nod to launch 2015 mustard futures contracts")
Gold, silver prices fall on weak global cues
Dollar has strengthened last night ahead of a US Federal Reserve meet
 "Gold, silver prices fall on weak global cues")
Copper falls by 0.4% on weak overseas cues
Participants reduced positions amid a weak global trend
 "Copper falls by 0.4% on weak overseas cues")
Nickel falls by 0.4% on overseas cues
Speculators engaged in reducing positions amid a weak trend in global markets and subdued domestic demand
 "Nickel falls by 0.4% on overseas cues")
Lead down by 0.3% on global cues
Subdued demand at domestic spot markets from battery-makers, put pressure on lead futures
 "Lead down by 0.3% on global cues")
Mentha oil up by 0.5% on pick up in spot demand
Speculators enlarged positions, supported by rising demand in the spot markets from consuming industries