Page 685 - Commodity News
Fillip for textiles, garments
Rs 50 cr allocated for trade facilitation centre and crafts museum to promote handlooms
 "Fillip for textiles, garments")
Diamonds a cut above jewels
2.5% import duty levied on semi-processed, broken diamonds, but jewellers not as upbeat as diamond industry
 "Diamonds a cut above jewels")
Mentha oil down by 0.6% on profit booking
Speculators booked profits at prevailing levels amidst subdued demand
 "Mentha oil down by 0.6% on profit booking")
Crude palm oil futures rise 0.55% to Rs 531.50 per 10kg
Similarly, the oil for delivery in August gained Rs 2.40, or 0.46 per cent, to Rs 526 per 10 kg in 589 lots
 "Crude palm oil futures rise 0.55% to Rs 531.50 per 10kg")
Gold up on softer dollar, Budget eyed for import duty cut
Spot gold rose 0.1% to $1,327.05 an ounce by 0018 GMT, after gaining 0.5% in previous session
 "Gold up on softer dollar, Budget eyed for import duty cut")
NSEL to bring defaulters' auditors under scanner
The exchange plans to file a writ petition in Bombay High Court against the statutory auditors of defaulters
 "NSEL to bring defaulters' auditors under scanner")
Survey gives a boost to commodity futures
Commodity futures trading is essential as it generates forecasts about future prices that shape sowing and storage decisions across the country: Survey
 "Survey gives a boost to commodity futures")
June gold imports at 12-month high
Premium for physical delivery, once as high as $180 an ounce, has fallen below $10
 "June gold imports at 12-month high")
JSW Steel to import 6-mt iron ore in FY15
A capesize vessel carrying 170,000 tonnes from South Africa arrives at Krishnapatnam port
 "JSW Steel to import 6-mt iron ore in FY15")
Onion, potato prices surge this week
Onion prices have moved up 14% and potato by 10% in major wholesale markets
 "Onion, potato prices surge this week")
Jhunjhunwala's stake in MCX rises to 3.4%
He purchased an additional 1.96% stake from Financial Technologies
 "Jhunjhunwala's stake in MCX rises to 3.4%")
Mango exports likely to dip this year
India's total mango exports to the US last year was around 280 tonnes, and this year it can increase by 15-20%
 "Mango exports likely to dip this year")
Cardamom down 1.9% on profit-booking
Spice for delivery in August traded lower by 0.53%
 "Cardamom down 1.9% on profit-booking")
Mustardseed eases 1.15% on low spot demand
Traders offload as prices remain under pressure due to increased supply and lower offtake from mills and vanaspati units
 "Mustardseed eases 1.15% on low spot demand")
Gold futures rise 0.4% on global cues
Traders create fresh positions as metal gains 0.4% in Singapore
Chana up on better spot demand
Traders enlarge positions on higher offtake in spot market
 "Chana up on better spot demand")
Barley slips 1.17% on sluggish demand
Traders offload on low offtake in spot market
 "Barley slips 1.17% on sluggish demand")
Copper softens 0.23% on weak demand
Traders trim positions on sluggish offtake in spot market
 "Copper softens 0.23% on weak demand")
Lead down 0.30% on low demand
Traders pare positions on lower offtake from battery makers
 "Lead down 0.30% on low demand")
Zinc sheds 0.15% on global cues
Sluggish demand in domestic spot markets fuels downtrend
 "Zinc sheds 0.15% on global cues")