Page 650 - Commodity News
Di Bella Coffee brews second stint in India
Last year, Di Bella had terminated licence agreement with JV company Di Bella India
 "Di Bella Coffee brews second stint in India")
Gold declines most in 14 mths, silver dips to 14-week low
Poor demand and shifting of investment from commodities to other investment avenues like dollar index and equity are the reasons
 "Gold declines most in 14 mths, silver dips to 14-week low")
Mentha oil up 0.8% on rising demand, tight supply
Tight supplies from Chandausi in Uttar Pradesh fuelled the uptrend
 "Mentha oil up 0.8% on rising demand, tight supply")
ICEX shareholders attempt to revive commodity exchange
With losses having eroded much of its earlier capital, existing shareholders to infuse more in proportion to their stake; talks also on with external entities
 "ICEX shareholders attempt to revive commodity exchange")
Lead up 0.3% on global cues, spot demand
Delivery in October month contracts up by 0.16%
 "Lead up 0.3% on global cues, spot demand")
Aluminium up 0.2% on global cues, spot demand
Metal for delivery in October traded marginally higher by 0.12%
 "Aluminium up 0.2% on global cues, spot demand")
Nickel up 0.3% on global cues
Metal for delivery in October gained 0.29%
 "Nickel up 0.3% on global cues")
Zinc up 0.5% on spot demand, global cues
Metal for delivery in three months at the LME was up 0.4%
 "Zinc up 0.5% on spot demand, global cues")
Copper up 0.1% on spot demand
Market analysts said fresh positions created by participants, tracking a firming trend overseas and rising demand in the spot markets, influenced the prices
 "Copper up 0.1% on spot demand")
Cardamom down 1.4% on adequate stocks
Spice for delivery in October lost 1.17%
 "Cardamom down 1.4% on adequate stocks")
Palm oil up 0.2% on surging demand
oil for delivery in October edged higher by 70 paise, or 0.16%
 "Palm oil up 0.2% on surging demand")
Silver down 0.1% on global cues
In the international market, the metal traded 0.32% lower
 "Silver down 0.1% on global cues")
NMDC to increase iron ore output by 10% next year
The company has drawn up an ambitious plan to increase the production to 50 million tonnes in 2018-19 and 100 million tonnes in 2024-25
 "NMDC to increase iron ore output by 10% next year")
Banks' core competency is credit, not precious metals: Rajesh Khosla
Interview with Managing Director, MMTC-PAMP
 "Banks' core competency is credit, not precious metals: Rajesh Khosla")
 "Gold to bottom out on low inflationary concerns")
J&K's loss could be Himachal and Uttarakhand's gain
Failure of arrival of apple crop in market has firmed up prices of apples from two states
 "J&K's loss could be Himachal and Uttarakhand's gain")
Cardamom up 0.3% as demand picks up
Spice for delivery in November edged higher by 0.24%
Sugar down 0.5% on low demand
Commodity for delivery in far-month December traded lower by 0.18%
 "Sugar down 0.5% on low demand")
Barley down 2% amidst weak trend
Delivery in October month slipped by 1.19%
 "Barley down 2% amidst weak trend")
Silver futures fall 0.49% on weak overseas trend
Meanwhile, in New York, silver fell 0.88% to $18.52 an ounce in Wednesday's trade
 "Silver futures fall 0.49% on weak overseas trend")