Page 702 - Commodity News
Pepper imports from Vietnam double in Jan-April this year
During 2013 total import from Vietnam was 5,200 tonnes, this year 4,500 tonnes were already brought in just four months
 "Pepper imports from Vietnam double in Jan-April this year")
Coffee price declines 17% since March, worries growers
Robusta cherry prices have declined 17.5% between March and May to Rs 3,300 per bag
 "Coffee price declines 17% since March, worries growers")
Gold jewellery sales up 40% this month
Sales increased on the backdrop of falling gold prices
 "Gold jewellery sales up 40% this month")
Gold import in May estimated at 35 tonnes
Since June 13 monthly import has averaged below 30 tonnes
 "Gold import in May estimated at 35 tonnes")
Intelligence agencies peg gold smuggling lower than WGC
Say 50 tonnes of the precious metal smuggled into country last fiscal as against WGC estimate of 200 tonnes
 "Intelligence agencies peg gold smuggling lower than WGC")
Natural rubber imports up 80 per cent in April-May
Exports put up a poor show, dropping 98% to just 40 tonnes, compared with the 1,723 tonnes during the April - May period of 2013-14
 "Natural rubber imports up 80 per cent in April-May")
 "'Cotton output estimated at 38.82 million bales for FY14'")
Zinc down 0.3% on profit-booking
Marketmen said besides profit-booking, weakness in copper and other base metals at the LME influenced zinc prices
 "Zinc down 0.3% on profit-booking")
Crude oil up 0.5% on overseas cues
Oil for June also moved up by 0.53%
 "Crude oil up 0.5% on overseas cues")
Nickel down 0.3% on global trend, subdued spot demand
Metal for delivery in July traded lower by 0.37%
 "Nickel down 0.3% on global trend, subdued spot demand")
Aluminium down 0.3% amid a weak trend
Metal for delivery in June fell by 0.27%
 "Aluminium down 0.3% amid a weak trend")
Gold up 0.2% on global cues
Metal for delivery in August contracts moved up by 0.10%
Mentha oil up 0.4% on rising demand
Prices for delivery in July also rose by 0.34%
 "Mentha oil up 0.4% on rising demand")
Cardamom up 2% on strong demand, limited arrivals
Spice for the July contract rose by 0.83%
 "Cardamom up 2% on strong demand, limited arrivals")
Oil prices extend gains in Asia
investors cheered robust economic data from US, China and Japan
 "Oil prices extend gains in Asia")
Borosil files complaint against broker in NSEL case
Charges against brokers include falsely assuring the investors there was stock in warehouses, client-code modifications, not collecting warehouse receipts
 "Borosil files complaint against broker in NSEL case")
JSW, Tata Steel plan to raise iron ore imports this fiscal
Indian mills imported 500,000 tonnes in 2013-14; the number is projected to rise sharply this year
 "JSW, Tata Steel plan to raise iron ore imports this fiscal")
FMC presses MCX to act
Says complete tech deal with FT and address stake sale issue
 "FMC presses MCX to act")
 "One ministry for steel & mines is a recipe to redeem both")
Jute geo-textile seen as answer to Assam's soil erosion problem
The NJB is also in touch with the Assam tea industry for using jute geo-textiles for protection of soil from erosion in the slopes of tea gardens
