Page 656 - Commodity News
To ensure supply, diamond processors flock to De Beers
Signing up with De Beers' sightholders' contract registration will mean supply of rough diamonds till 2018
 "To ensure supply, diamond processors flock to De Beers")
 "Late monsoon delays soybean harvest")
Gold price slips to 7-week low on global cues
Gold for delivery in October is currently quoted at Rs 27,260 per 10 g, a decline of 0.29% from its previous close
 "Gold price slips to 7-week low on global cues")
National e-APMC in the offing
NCDEX Spot Exchange links 35 APMCs in Karnataka electronically; platform may be extended to other states
 "National e-APMC in the offing")
Rice area goes up as farmers pick up SRI method
Madhya Pradesh has experienced shortage of soya seed this year and encouraged farmers to switch over to rice cultivation.
 "Rice area goes up as farmers pick up SRI method")
Cardamom up 0.4% on rising demand
Spice for delivery in September gained 0.17%
 "Cardamom up 0.4% on rising demand")
Nickel up 0.4% on firm demand, global cues
Metal for delivery in October rose by 0.3%
 "Nickel up 0.4% on firm demand, global cues")
Mentha oil up 0.3% on rising demand
Oil for delivery in October edged up by 0.25%
 "Mentha oil up 0.3% on rising demand")
Palm oil up 0.8% on spot demand
Oil for delivery in October traded higher by 0.87%
 "Palm oil up 0.8% on spot demand")
Refined soya oil up 1% on strong demand
Oil for delivery in September went up by 0.7%
 "Refined soya oil up 1% on strong demand")
Chana down 0.4% on increased supply
Commodity for delivery in September shed 0.21%
 "Chana down 0.4% on increased supply")
Aluminium futures marginally up on spot demand
September, October contracts up 0.08% on higher offtake from consuming industries
 "Aluminium futures marginally up on spot demand")
Gold a shade higher in futures trade on global cues
October, December contracts up 0.09% and 0.16%, as traders enlarge positions
 "Gold a shade higher in futures trade on global cues")
Lead futures weaken on sluggish demand, profit-booking
The metal for delivery in September fell 10 paise, or 0.07%, to Rs 135.45 per kg in a business volume of 177 lots
 "Lead futures weaken on sluggish demand, profit-booking")
 "Iron ore seen slumping to $75 a tonne")
Goa postpones 5th ore auction, anticipating lack of response
State had kept 2.18 mn tonnes of low-grade ore in fifth round after successful sale 5 mn tonnes in earlier rounds
 "Goa postpones 5th ore auction, anticipating lack of response")
Sugar mills reiterate need for financial help
Lower realisation than cost of production hits financial performance in April-June quarter, industry seeks govt support
 "Sugar mills reiterate need for financial help")
Rubber imports set to soar
Military junta of Thailand, world's largest exporter of rubber, recently decided to release 200,000 tones of stock pile
 "Rubber imports set to soar")
Steel firms increase prices
This comes amid a rise in transportation costs and high iron ore prices; long-steel producers keep prices unchanged
 "Steel firms increase prices")
Palm oil up 0.6% on spot demand
Oil for delivery in October edged higher by 0.59%