Page 663 - Commodity News
Aluminium up 0.28% up on firm global trends
Higher offtake in domestic spot markets supports uptrend
 "Aluminium up 0.28% up on firm global trends")
Crude palm oil futures extend losses on profit-booking
Reports of a weak global trend fuel downtrend
 "Crude palm oil futures extend losses on profit-booking")
Chana sheds 0.75% on increased supply
Traders trim positions as lower offtake from dal mills fuels downtrend
 "Chana sheds 0.75% on increased supply")
Cardamom rises 0.18% on pick up in demand
Traders create fresh positions as lower arrivals from producing regions support uptrend
 "Cardamom rises 0.18% on pick up in demand")
Zinc up 0.2% on overseas cues, spot demand
Traders enlarge positions onn firm trend in base metals abroad
 "Zinc up 0.2% on overseas cues, spot demand")
Sugar sheds 0.33% on subdued demand
Traders pare positions on lower offtake from bulk consumers and build-up of inventories
 "Sugar sheds 0.33% on subdued demand")
Refined soya oil weakens 0.66% on adequate supply
Traders pare positions amid sluggish offtake in the spot market
 "Refined soya oil weakens 0.66% on adequate supply")
CACP for Rs 10 rise in sugarcane FRP
FRP for the 2014-15 season was fixed at Rs 220 a quintal
 "CACP for Rs 10 rise in sugarcane FRP")
Odisha to earn Rs 2,000 cr more yearly
The increase, especially on iron ore, fulfills an old demand from here. Odisha is the top ore producing state
 "Odisha to earn Rs 2,000 cr more yearly")
Oil falls towards 14-month low near $101 on ample supply
Chinese economic data, which points towards slowing demand, also led to the crude's slide
 "Oil falls towards 14-month low near $101 on ample supply")
UP sugar mills start laying off workers
66 mills have given suspension notices so far. There are 95 private and 23 cooperative sugar mills in Uttar Pradesh
 "UP sugar mills start laying off workers")
Excess capacity hits denim industry
Makers will have to increase export penetration in the next quarters
 "Excess capacity hits denim industry")
Polyester yarn makers' margins under pressure
Raw material prices, especially in the domestic market, have been rising
 "Polyester yarn makers' margins under pressure")
Stronger US economy pulls gold prices down
Outcome after minutes of US Fed meeting on Wednesday indicated improvement in economy, calls for early interest rate rise
 "Stronger US economy pulls gold prices down")
China imposes anti-dumping duties on TBHQ imports from India
Anti-dumping duty of 49.8% will be levied on TBHQ starting August 22, while Phthalic anhydride has been made exempt
 "China imposes anti-dumping duties on TBHQ imports from India")
WTO rejects India's contention on raw sugar export susbidy
Scheme will be reviewed and sent to Cabinet for decision
 "WTO rejects India's contention on raw sugar export susbidy")
Nickel down 0.3% on overseas trends, subdued demand
Metal for delivery in current month also fell by 0.29%
 "Nickel down 0.3% on overseas trends, subdued demand")
Silver down 0.5% on weak global cues
Metal for delivery in far-month December declined by 0.42%
 "Silver down 0.5% on weak global cues")
Palm oil down 0.6% on subdued demand
Oil for delivery in August traded lower by 0.35%
Mentha oil down 0.6% on low demand
Oil for delivery in August contracts lost 0.57%
 "Mentha oil down 0.6% on low demand")