Page 730 - Commodity News
Palm oil down 0.3% on subdued demand
Oil for delivery in May traded lower by 0.15%
 "Palm oil down 0.3% on subdued demand")
Copper up 0.1% on positive Asian cues
Metal for delivery in April was up by 0.02%
 "Copper up 0.1% on positive Asian cues")
Nickel up 1% on global cues
Rising demand from alloy-makers in the spot markets also supported the upside
 "Nickel up 1% on global cues")
Mentha oil up 0.4% on pick-up in demand
Oil for April contract traded higher by 0.45%
 "Mentha oil up 0.4% on pick-up in demand")
Zinc up 0.4% on spot demand, global cues
Metal for delivery in May traded higher by 0.43%
 "Zinc up 0.4% on spot demand, global cues")
Oil prices rise ahead of US stockpiles report
Investors remain nervous over concerns overall US stockpile levels seem to be pretty high
 "Oil prices rise ahead of US stockpiles report")
End of the Goa mining ban: For miners, a long road to recovery
Vedanta says Sesa leases expired, no mining till renewal
 "End of the Goa mining ban: For miners, a long road to recovery")
Wheat procurement in 2014-15 may slip, says food secretary
However, PDS won't be hampered as govt hold 48 mn tonnes in its warehouses
 "Wheat procurement in 2014-15 may slip, says food secretary")
Pepper prices flare as output douses 40%
Growers begin to hold back stock
 "Pepper prices flare as output douses 40%")
Groundnut shelling units get relief on export front
The move is expected to boost peanut export
 "Groundnut shelling units get relief on export front")
Lower prices pushed coking coal import up 18% in FY14
Average coking coal prices remained around $111-$118 a tonne throughout year in global markets, sharply lower than $140 a tonne in 2012-13
 "Lower prices pushed coking coal import up 18% in FY14")
 "Goa likely to extract about 6-mt iron ore in FY15")
219 kg of gold seized from Kerala airports in one year
Customs Department had collectedaround Rs 5 cr as duty against import
 "219 kg of gold seized from Kerala airports in one year")
'Wheat procurement may slip below last year's 25 million ton level'
According to Food Ministry data, FCI and state govt-owned agencies have procured 7.5 million tonnes of wheat so far this year
 "'Wheat procurement may slip below last year's 25 million ton level'")
Potato down 1.3% on weak demand, high supply
Commodity for April delivery traded lower by 0.8%
 "Potato down 1.3% on weak demand, high supply")
Mentha oil down 0.4% on weak demand
Oil prices for May delivery lost 0.34%
Palm oil up 0.5% as demand picks up
Analysts said the rise in crude palm oil prices was mostly supported by fresh positions
Cardamom up 1.3% on spot demand
Spice for delivery in May gained 1.24%
 "Cardamom up 1.3% on spot demand")
Copper down 0.4% on weak global cues
Metal for delivery in April traded lower by 0.38%