Page 706 - Commodity News
Rubber industry in tight grips
ATMA, AIRIA are asking for an independent study to estimate the stock situation
 "Rubber industry in tight grips")
FMC set to withdraw one-day forward facility
This facility was however widely used only by the now scam hit National Spot Exchange floated by the Financial Technologies
 "FMC set to withdraw one-day forward facility")
Lead down 0.3% on profit-booking, global cues
Metal for delivery in June traded lower by 0.36%
 "Lead down 0.3% on profit-booking, global cues")
Gold down 0.2% on weak global cues
Metal for delivery in August shed 0.24%
 "Gold down 0.2% on weak global cues")
Nickel down 0.5% on profit-booking, global cues
Metal prices for delivery in June contracts fell by 0.48%
 "Nickel down 0.5% on profit-booking, global cues")
Copper down 0.6% on overseas cues, profit-booking
Metal's prices for delivery in far-month August shed 0.63%
 "Copper down 0.6% on overseas cues, profit-booking")
Palm oil up 0.2% on good spot demand
Oil for delivery in June contract edged up by 0.10%
 "Palm oil up 0.2% on good spot demand")
Chana up 0.2% on spot demand
Commodity for delivery in July moved up by 0.18%
 "Chana up 0.2% on spot demand")
Mentha oil down 0.5% on higher supply
Oil for delivery in July contract shed 0.56%
 "Mentha oil down 0.5% on higher supply")
Cardamom up 0.5% as demand picks up
Spice for delivery in July contract edged up by 0.19%
 "Cardamom up 0.5% as demand picks up")
KIOCL plans to ramp up pellet capacity 4-fold
Firm to enter several joint ventures with other Central and State PSUs in Karnataka, Seemandhra and Odisha
 "KIOCL plans to ramp up pellet capacity 4-fold")
 "NCDEX raises transaction charges for agri commodities")
Surat set to have a world-class diamond bourse
The bourse will come up in next two years at a project cost of over Rs 2000 crore
 "Surat set to have a world-class diamond bourse")
KIOCL to revive pellet exports to West Asia
Steel ministry holds discussions with Iranian mines ministry in this regard
 "KIOCL to revive pellet exports to West Asia")
Guchi mushroom prices jump on higher gleaning
The price of the grey mushroom has risen by about Rs 2,000 from last year to Rs 11,000 a kg
Gold prices southward bound
10% drop in a month; expected to fall to about Rs 25,000/10g in the near future
 "Reliance Cement aspires to share space with Holcim, UltraTech")
Chana down 1.5% on weak demand
Commodity for delivery in June lost 1.46%
India's coffee exports up 9% in Jan-May
Shipments for the product stood at Rs 2,347.92 crore in the corresponding period last year
 "India's coffee exports up 9% in Jan-May")
Nickel up 0.2% on global cues
Rising demand at domestic spot markets from alloy-makers also supported the upside