Page 709 - Commodity News
Gold dips to Rs 27,700/10g on weak global cues
Silver also fell Rs 400 to Rs 41,000 a kg on poor offtake by industrial units and coin makers
 "Gold dips to Rs 27,700/10g on weak global cues")
Farmers prefer cotton over paddy, oilseeds this season
In northern states the area under paddy is being diversified towards cotton as the cost of cultivation of paddy is higher than cotton
 "Farmers prefer cotton over paddy, oilseeds this season")
Move to ease gold import norms unlikely to widen CAD
It had earlier eased gold import norms by allowing select trading houses, in addition to already permitted banks, to procure the precious metal to boost exports
Rise in demand boosts textile firms' margins
Vardhman Textiles' March-quarter net profit rose a whopping 101.37%
 "Rise in demand boosts textile firms' margins")
Potato down 0.7% on weak demand
Commodity for delivery in June declined by 0.49%
 "Potato down 0.7% on weak demand")
Mentha oil down 0.5% on profit-booking
Adequate stocks position influenced the oil prices
 "Mentha oil down 0.5% on profit-booking")
Refined soya oil up 0.4% on spot demand
Analysts said fresh positions built up by speculators, driven by rising demand in the spot market, mainly led to rise in the commodity
 "Refined soya oil up 0.4% on spot demand")
Chana down 0.9% on higher supply, low demand
Lower demand in the spot market put pressure on the commodity
 "Chana down 0.9% on higher supply, low demand")
Zinc up 0.3% on overseas cues, spot demand
Metal for delivery in June gained 0.32%
 "Zinc up 0.3% on overseas cues, spot demand")
Copper up 0.2% on global cues
Metal for delivery in August edged up by 0.19%
 "Copper up 0.2% on global cues")
Silver futures down 0.19% on global cues
Traders pare positions as metal taks 2% in New York
 "Silver futures down 0.19% on global cues")
Crude palm oil up 0.24% on spot demand
Traders create fresh positions on higher offtake
 "Crude palm oil up 0.24% on spot demand")
Turmeric extends fall, sheds 1.55%
Weak domestic demand, higher arrivals from growing areas drive futures prices down
 "Turmeric extends fall, sheds 1.55%")
Oil prices up with Ukraine crisis in focus
Brent North Sea crude for July gained 29 cents to $110.31 per barrel
 "Oil prices up with Ukraine crisis in focus")
Gujarat groundnut output estimated at 193,256 tonnes
In 2013, groundnut production was 80,000-90,000 tonnes
 "Gujarat groundnut output estimated at 193,256 tonnes")
Edible oil sector may see fourfold capex rise
India Ratings says there is likely to be fresh capital investment of Rs 450 cr in 2014-15
 "Edible oil sector may see fourfold capex rise")
Horticulture mission's project to boost pepper production
Under the scheme, 12.8 mn pepper planting materials were produced and supplied to farmers
 "Horticulture mission's project to boost pepper production")
Potato down by 0.63%
Commodity for delivery in July declined by 0.50%
Nickel up 0.1% on rising demand, global cues
Metal for delivery in May contracts inched up by 0.13%
 "Nickel up 0.1% on rising demand, global cues")
Cardamom down 0.5% on profit-booking
Spice for delivery in June fell by 0.45%
 "Cardamom down 0.5% on profit-booking")