Page 682 - Commodity News
Lead up 0.1% on spot demand
Metal for delivery in August gained 0.04%
 "Lead up 0.1% on spot demand")
Cardamom up 0.7% as demand picks up
Spice for delivery in September traded higher by 0.5%
 "Cardamom up 0.7% as demand picks up")
Silver falls 0.41% on weak global cues
Traders book profits after metal loses almost 1% in New York
 "Silver falls 0.41% on weak global cues")
Trafigura targets $8 bn Indian metals market with online store
The online store will sell consignments of 1 to 24 tonne at index-linked prices
 "Trafigura targets $8 bn Indian metals market with online store")
Gold futures down marginally on weak global cues
Strengthening of the dollar dampens demand for safe-haven gold
 "Gold futures down marginally on weak global cues")
Copper down 0.07% on global cues
Traders book profits as metal trades flat on LME, sheds 0.2% on Shanghai
 "Copper down 0.07% on global cues")
Zinc rises 0.5% on global cues, spot demand
Speculators create fresh positions taking cues from overseas markets
 "Zinc rises 0.5% on global cues, spot demand")
Rise in gold prices beats rally in most global mkts
The yellow metal has risen 9.2% so far this year
 "Rise in gold prices beats rally in most global mkts")
Govt asks states to cut levy rice purchase
Centre has directed states to cut the procurement of levy rice from 30-75% of the overall purchase from mills to 25%
 "Govt asks states to cut levy rice purchase")
Govt mulls temporary ban on onion export
Monsoon shows revival signs in some areas
 "Govt mulls temporary ban on onion export")
FMC merger with Sebi put off
The commodity derivatives regulator has been asked to go-ahead with the appointment of 20 experts which it had proposed earlier
 "FMC merger with Sebi put off")
Jewellers face Rs 20,000-cr redemption from gold deposit schemes
Huge capital outflow might increase jewellery sales in the short term but cause a liquidity crisis in the long run
 "Jewellers face Rs 20,000-cr redemption from gold deposit schemes")
Warehousing: Budget infusion to create additional 1 mt of capacity
Sources in NABARD confirmed that additional storage creation would be done in food deficit areas
 "Warehousing: Budget infusion to create additional 1 mt of capacity")
UP sugar mills put Akhilesh govt on notice
Forewarn of suspending operations in 2014-15 crushing season
 "UP sugar mills put Akhilesh govt on notice")
Satyug Gold's plan - a real time gold purchase in small lots
The works like an SIP, and offers gold coins without administrative charges, but customers must subscribe to a periodical deposit plan
 "Satyug Gold's plan - a real time gold purchase in small lots")
Zinc up 0.3% on global cues
Metal for delivery in three months rose 0.4% at the LME
Nickel up 0.3% as demand picks up
Metal for delivery in August contract edged up by 0.19%
 "Nickel up 0.3% as demand picks up")
Cardamom up 1.2% on spot demand
Restricted arrivals from producing regions affects prices
 "Cardamom up 1.2% on spot demand")
Copper declines 0.3% on global cues, subdued demand
Speculators trim positions amid weak global trend
 "Copper declines 0.3% on global cues, subdued demand")
Lead declines 0.15% on weak demand
Subdued demand from battery-makers affects prices