Page 718 - Commodity News

Domestic iron ore prices will not fluctuate much: NMDC

International iron ore prices have declined almost 25% so far in 2014 to just above % 100 a tonne, the lowest level since September 2012

Vegetable oils import rise 27% in Apr: SEA

The import of the commodity stood at 6.54 lakh tonne in the same month of the previous year

Blossom showers raise hopes of higher coffee production

The crop is estimated to be higher by 10-12% at 310,000 tonnes

Govt announces 32% cut in sugar export subsidy

Producers say move violates gazette notification in this regard, will hit exports

Platinum jewellery demand eating into gold market

In India, the price gap between gold and platinum has narrowed from 100% more for the latter to 10-25% now, depending on the type of ornaments

Gold price to decline further

Anticipation of favourable policies under a stable govt at the Centre, aided by a possibly stronger rupee, are expected to bring bullion price down

Punjab promotes cotton cultivation

Centre of Excellence of Cotton will promote diversification and increase the area under cotton cultivation

Rubber imports up in April

The local price of benchmark grade RSS-4 rubber was today higher by Rs 17 per kg than the price in Bangkok market

Gold prices to decline 10% further

Favourable policies on expected stable government at the Centre may bring down bullion price

Gems & jewellery exports dip by 1.2% in FY 2014

India had exported Rs 2.12 lakh crore worth of gems and jewellery in the previous year

Mentha oil up 0.21% on spot demand

Speculators enlarge positions as exports pick up

Copper falls 0.36% on weak Asian cues

Traders exit as metal softens on LME; sluggish demand at home adds to downward pressure

Sugar falls 0.39% on sluggish demand, adequate supply

However, a likely drop in output restricts the losses

Refined soya oil tad higher as demand picks up

Commodity gains 0.2% as traders build positions on lower arrivals

Chana gains 0.7% on spot demand

Traders create fresh positions as lower arrivals from growing areas add to positive sentiment

Gold futures weaken on subdued spot demand, global trend

June, August contracts shed about 0.2% each as traders offload on sluggish spot demand

Nickel rises 0.51% on global cues

Traders create huge positions on higher offtake from alloy makers; Metal soars 3.4% on LME

Average response to 3rd round of Goa iron ore auction

Goa auctioned 600,000 tonnes of low grade iron ore after two successful rounds of auctions of over 1.5 mn tonnes weeks ago

Will a Goa-type crisis befall Odisha iron ore mines?

Unlike India, China is becoming increasingly dependent on iron ore imports to sustain its ever-rising steel production

Onion spot prices soar 31% in 2 days, likely to stay high

Onion soars on stock building