Page 689 - Commodity News
Iron ore output picks up pace in Karnataka
The mining sector expects the state government to execute five-six pending leases, which can add two mt to capacity
 "Iron ore output picks up pace in Karnataka")
HC notice to Centre over UP cane arrears
Hearing a petition filed by Rashtriya Kisan Mazdoor Sangathan, the court posted the case for next hearing on July 24
 "HC notice to Centre over UP cane arrears")
Govt may cut 2% import duty on gold in budget: BoAML
It also expects some relaxation within the overall $30 billion limit for gilts
 "Govt may cut 2% import duty on gold in budget: BoAML")
Mentha oil up 0.5% on spot demand
Oil for delivery in August contract edged up by 0.34%
 "Mentha oil up 0.5% on spot demand")
Crude oil up 0.6% on Asian cues
Oil prices for August were also up by 0.62%
 "Crude oil up 0.6% on Asian cues")
Palm oil down 0.3% on profit-booking
Oil for delivery in June contracts shed 0.29%
 "Palm oil down 0.3% on profit-booking")
Zinc down 0.2% on global cues
Metal prices for delivery in August shed 0.04%
 "Zinc down 0.2% on global cues")
Refined soya oil up 0.5% on strong demand
Oil for delivery in August contract edged up by 0.29%
 "Refined soya oil up 0.5% on strong demand")
Gold futures rise 0.5% on global cues
Speculators create fresh positions taking cues from overseas markets
Gold hits three-month high on softer dollar, Iraq violence
Spot gold climbed to $1,332.10 an ounce, its highest since March 24
Ministry against return to excise on branded garments
For many international brands, the current exemption from excise duty provides a big incentive to raise sourcing from Indian manufacturers
 "Ministry against return to excise on branded garments")
Gold-crude oil ratio close to six-year low
Oil prices set to rise domestically and abroad, contrary to the expectation for gold
 "Gold-crude oil ratio close to six-year low")
 "Steel and aluminium in joust for auto space")
Palm oil up 0.3% on rise in demand
Oil for delivery in August edged up by 0.21%
Mentha oil down 1% on sluggish demand
Oil for delivery in July lost 0.9%
Sugar up 0.4% on summer demand, tight supply
Commodity for delivery in July gained 0.29%
 "Sugar up 0.4% on summer demand, tight supply")
Gold futures fall 0.19% on weak global cues, profit-booking
Traders offload positions as metal loses shine in Singapore
Potato climbs 4%, hits upper circuit in futures trade
MEP of $450 fails to cool prices, lower arrivals from growing areas fuels uptrend
 "Potato climbs 4%, hits upper circuit in futures trade")
Silver futures down 0.62% on profit-booking, global cues
Metal trades marginally lower at $20.95 an ounce in Singapore
 "Silver futures down 0.62% on profit-booking, global cues")
Potato exporters stay away from fresh orders
In 2013-14, potato exports rose 37.5 per cent to 220,000 tonnes from 160,000 tonnes in 2012-13