Page 644 - Commodity News
Brent crude near $95 a barrel but worst seen over
Brent fell on Tuesday by the most since January 2 to $94.67 a barrel
 "Brent crude near $95 a barrel but worst seen over")
 "FMC Chairman Ramesh Abhishek may get extension")
 "Khadi sales register 6 per cent growth in 2013-14")
Palm oil down 0.1% on subdued demand
Oil for delivery in October traded lower by 0.02%
 "Palm oil down 0.1% on subdued demand")
Cardamom down 1% on sluggish demand
Spice for delivery in November contracts shed 0.85%
 "Cardamom down 1% on sluggish demand")
Refined soya oil up 0.4% on rising demand
Oil for delivery in October edged up by 0.24%
 "Refined soya oil up 0.4% on rising demand")
Aluminium down 0.6% on overseas cues
Metal for delivery in October shed 0.3%
 "Aluminium down 0.6% on overseas cues")
Zinc down 0.2% on weak overseas trend
Marketmen said weakness in copper and other base metals at the London Metal Exchange as strengthening dollar reduced demand for the industrial metals kept pressure on zinc
 "Zinc down 0.2% on weak overseas trend")
Mentha oil up 0.2% on spot demand, tight supply
Oil for delivery in November edged higher by 0.1%
 "Mentha oil up 0.2% on spot demand, tight supply")
Kerala will use rubber based bitumen for roads
Chief minister Oommen Chandy announced this today after a cabinet meeting
 "Kerala will use rubber based bitumen for roads")
Lead down by 0.4% on subdued demand
Speculators reduced exposures on subdued spot demand
 "Lead down by 0.4% on subdued demand")
Copper softens on weak global cues
Subdued demand at domestic spot markets also weighed on metal prices
 "Copper softens on weak global cues")
Silver futures decline 1.1% on global cues
Speculators trimmed positions amid weak cues from global markets
 "Silver futures decline 1.1% on global cues")
Gold futures fall 0.6% on weak global cues
Speculators indulged in reducing exposures amid a weak global trend
 "Gold futures fall 0.6% on weak global cues")
Commodity super cycle turning downward, says RBI
In latest commodity super-cycle, inflation-adjusted prices of commodities rose 60-500% between 1999 and 2010
 "Commodity super cycle turning downward, says RBI")
Untimely rainfall in Punjab affects cotton arrival in mandis
In crop year 2013-14 , raw cotton in Punjab was sold in the range of Rs 4,650-Rs 4,725 a quintal (on an average)
 "Untimely rainfall in Punjab affects cotton arrival in mandis")
Paddy procurement might fall lower than target
Food Ministry scales down target to 30 mn tonnes; actual procurement may be about 28 mn tonnes
 "Paddy procurement might fall lower than target")
Rough diamond prices may see 5-10% correction
Decline in finance availability from lenders is the primary reason
 "Rough diamond prices may see 5-10% correction")
Cardamom down 1.2% on adequate stocks
Spice for delivery in November contracts traded lower by 1.01%
Mentha oil up 0.8% on pick up in demand
Oil for delivery in September contracts moved up by 0.63%