Page 688 - Commodity News

Malaysia looks to tap Indian tyre makers

Indian rubber consumption is a lot higher than Malaysia due to the high population here making it an important market for Malaysia

Secondary metal processors seek duty exemption on scrap import

The secondary metal processing industry's condition worsened since last year when the govt levied 2.5% import duty on scrap

1500-2000 tons of potatoes exported to Pak every day: Exporters

They pointed out that the crop in Pakistan had got damaged because of frost in winter season which caused massive shortage in its availability for consumption

Copper rises 0.22% on spot demand

Metal for delivery in August edged up by 0.18%

Potato down 2% as govt puts stock holding limits

Govt yesterday decided to bring onion and potato under the purview of the stock holding limits under the Essential Commodities Act, 1955

Mentha oil up 0.3% as demand picks up

Oil for delivery in August edged up by 0.19%

Nickel gains by 0.63% on positive global cues

Increased demand from alloy-makers in the spot market also supported prices

Cardamom up by 1.8% on strong demand

Speculators enlarged positions amid positive cues from spot markets

Silver futures down 0.9% on global cues

Speculators engaged in trimming positions amid a weakening trend overseas

Gold futures down 0.3% on weak global cues

Profit-booking by speculators also pulls down prices

Crude oil down 0.2% on weak Asian cues

Prospects of return of Libyan supplies weighs on prices

Arabica coffee output headed for a record low

Pest menace takes a heavy toll

Cotton yield pegged higher this year

Exports of cotton increased to 11.4 million bales compared to 10.1 million bales last year, according to CAB estimates

North-based sugar mills stare at financial woes

In most cases, the sum of their short-term debt and cane arrears is more than the value of stocks

Coffee exports dip 2.6%

Rupee appreciation and a fall in prices have hurt the interests of coffee exporters

Sugar futures decline 0.52% on profit-booking

Analysts attributed the fall in sugar futures to profit- booking by speculators amid adequate stocks in the spot markets on increased supplies

Crude oil up 0.62% on overseas cues

Mixed trend in Asia as dealers await release of a US stockpiles report for clues about demand

Crude palm oil edges higher on spot demand

Speculators enlarge positions on tight stock position following lower arrivals from key producing areas

Cardamom declines 0.64% on sluggish demand

Traders pare positions on stock pile-up in physical market

Gold futures fall 0.15% on global cues

Traders offload positions as metal loses 0.07% in Singapore