Page 725 - Commodity News

55.59 lakh MT of wheat arrives in Haryana mandis

In Haryana, more than 55.59 lakh metric tonnes (MT) of wheat has so far arrived in various mandis during the current procurement season

Gems, jewellery imports drop 9%

As per the GJEPC data, import of gold bars fell 47% to Rs 32,540 cr in 2013-14 from Rs 61,431 cr a year ago

India's gem and jewellery imports drop 9% in 2013-14

Country had imported gems and jewellery worth Rs 2,04,253 crore in the previous financial year: GJEPC

Govt cuts import tariff value on gold, silver

Govt today slashed the import tariff value on gold and silver to $422 per 10 grams and $632 per kg respectively

Manoj Vaish quits as MCX MD

Ongoing tussle between promoter FTIL and regulator FMC to pose a big challenge for Vaish

EU mango ban to leave bitter-sweet taste

Exporters to lose Rs 100-200 crore; locals may get to eat export-quality fruit at affordable rates

India raises issue with EU, alleges 'unilateral action'

The FIEO says though 20% of mango exports are shipped to the EU, it will be difficult for exporters to find an alternative

MCX discontinues gold, silver contracts expiring 2015

The exchange withdrew one gold contract expiring in April 2015 and three 'silver 1000' contracts each set to expire in January, February and March of next year

Lead down 0.3% on sluggish demand

Analysts said offloading of positions by speculators due to sluggish demand from battery-makers in the spot market kept pressure on lead prices

Copper up 0.1% on global cues

Metal for delivery in August edged up by 0.12%

Coriander down 0.9% on increased supply

Commodity for delivery in June traded lower by 0.86%

Nickel down 0.1% on profit-bookings

Metal for delivery in April shed 0.15%

Chana down 0.4% on sluggish demand

Adequate stocks in the physical market due to increased supplies from producing regions also put pressure on the prices

Mentha oil down 0.2% on low demand

Oil for delivery in May shed 0.24%

Silver down 0.5% in futures trade

Metal for delivery in July dropped by 0.4%

Cardamom down 0.2% on adequate supply, weak demand

Spice for delivery in June traded lower by 0.09%

Potato down 1% on higher supply

Commodity for delivery in April also traded marginally lower by 0.08%

Palm oil down 0.1% on sluggish demand

Market analysts said besides sluggish demand in the spot market, adequate stocks position mainly weighed on the prices

Gold jewellery exports climb, set to keep rising

Curbs bring down jewellery exports for FY14 by almost 40%

Gold down 0.2% on global cues

Metal for delivery in June shed 0.16%