Page 669 - Commodity News
Onion prices calm but turmoil not ruled out later
Experts are not ruling out prices rising as sowing of kharif is expected to be lower
 "Onion prices calm but turmoil not ruled out later")
Wheat and rice exports may fall 15% this year
Global oversupply, steep rise in import duty in Iran likely to affect shipments
 "Wheat and rice exports may fall 15% this year")
Goa govt relaxes norms for iron ore auction
Lowers EMD for auction, reduces lot size by 90% to accommodate more players and intensify competition
 "Goa govt relaxes norms for iron ore auction")
India appeals to WTO in steel products dispute with US govt
The appeal will be heard by a three-member body and its report is likely within three months.
 "India appeals to WTO in steel products dispute with US govt")
Copper down 0.4% on global cues, weak demand
Low demand from domestic industries too had negative impact
 "Copper down 0.4% on global cues, weak demand")
Lead down 0.2% on global cues, weak demand
Weakness in copper and other base metals at the LME and subdued demand put pressure on the metal
 "Lead down 0.2% on global cues, weak demand")
Mentha oil up 0.5% on industrial demand
Oil for delivery in September moved up by 0.52%
 "Mentha oil up 0.5% on industrial demand")
Zinc down 0.4% on global cues
Metal for delivery in the September contracts softened by 0.35%
 "Zinc down 0.4% on global cues")
Silver futures down 0.4% on lower global trend
Speculators partially trimmed positions, affecting prices
 "Silver futures down 0.4% on lower global trend")
Crude oil down by 0.3% on weak Asian cues
Speculators trimmed positions amid a weak trend in Asian trade
 "Crude oil down by 0.3% on weak Asian cues")
Oil prices down on ebbing supply fears
Conflicts in Ukraine and Iraq remain on the radar of investors
 "Oil prices down on ebbing supply fears")
 "ArcelorMittal benefits from steel demand rise, restructuring")
Karnataka wants more time to auction C-category mines
JSW Steel, Kalyani Steel and others waiting for auction of mines
Vegetable prices surge again, put pressure on CPI inflation
Several of them were quoted above Rs 100 a kg in retail markets
 "Vegetable prices surge again, put pressure on CPI inflation")
Jowar, ragi cultivation to be tagged with MGNREGA
K'taka government has announced this to enhance the jowar and ragi production in the state
 "Jowar, ragi cultivation to be tagged with MGNREGA")
ICRA pegs domestic sugar production at 24 MT in 2013-14 marketing year
Decline driven mainly by a reduction in the cane crushing in key producing states
 "ICRA pegs domestic sugar production at 24 MT in 2013-14 marketing year")
Commerce Minister for easing of gold import restrictions
Says restrictions are hurting the industry and has also led to spurt in smuggling of the precious metal
 "Commerce Minister for easing of gold import restrictions")
Gold down 0.2% on weak global cues
Metal for delivery in October shed 0.19%
 "Gold down 0.2% on weak global cues")
Silver down 0.3% on weak global cues
Metal for delivery in December declined by 0.26%
Cardamom up 0.9% on spot demand
Spice for delivery in August edged up by 0.6%
 "Cardamom up 0.9% on spot demand")