Page 732 - Commodity News
Gold down 0.7% on weak global cues; profit-booking
Metal for delivery in August shed 0.5%
 "Gold down 0.7% on weak global cues; profit-booking")
Copper down 0.1% on weak global cues
Metal for delivery in June traded lower by 0.12%
 "Copper down 0.1% on weak global cues")
Crude oil down 0.1% on weak Asian cues
Trading sentiment weakened at futures trade as crude prices were down in subdued post-holidays Asian trade
 "Crude oil down 0.1% on weak Asian cues")
Oil prices down in quiet Asian trade
Investors were increasingly concerned about the Ukraine crisis
 "Oil prices down in quiet Asian trade")
Copper prices may fall below $ 7,000/tonne on oversupply
Copper prices continued to exhibit a downside bias in 2013 mainly due to a sharp acceleration in global mine supply
 "Copper prices may fall below $ 7,000/tonne on oversupply")
India's paper demand to rise 53% by 2020
Investment worth Rs 20,000-cr in five years to lower cost of production and improve demand for manufacturers
 "India's paper demand to rise 53% by 2020")
Dependence on imported edible oil to hit new high
Increase in consumption of oilseeds reduces availability for crushing
 "Dependence on imported edible oil to hit new high")
Surat diamantaires' co-operative dream lies shattered
Company set up to source rough diamonds in abeyance
 "Surat diamantaires' co-operative dream lies shattered")
Iron ore production yet to pick up in Karnataka
One year after the Apex Court allowing opening of 115 mines in category A and B, the production has barely touched 20 million tonnes
 "Iron ore production yet to pick up in Karnataka")
 "Jaggery prices shoot up, in line with those of sugar")
Unofficial gold imports rose 75% in 2013: Survey
The government's curbs were after a rise in gold import to $56 bn in 2012-13
 "Unofficial gold imports rose 75% in 2013: Survey")
Delay in fixing sugar export subsidy hitting business: ISMA
Govt had announced a subsidy of Rs 3,300 per tonne on raw sugar exports on February 28
 "Delay in fixing sugar export subsidy hitting business: ISMA")
Cotton exports hit as China shifts policy
Raw cotton export may fall 20% in the next crop year as against 6% this year; rise in finished yarn exports adds to woes
 "Cotton exports hit as China shifts policy")
Sugar exports: Industry restive over delays in subsidy revision
For February-March, the rate decided was Rs 3,300 a tonne; that for April-May was to be announced in the last week of March
 "Sugar exports: Industry restive over delays in subsidy revision")
 "Sugar output down 4%, says Isma")
Gold down 0.2% on global cues
Metal for delivery in June shed 0.19%
Cardamom up 0.3% on increased demand
Spice for delivery in May gained 0.25%
 "Cardamom up 0.3% on increased demand")
Mentha oil up 0.3% on strong demand
Analysts said besides increased domestic and export demand, restricted arrivals from Chandausi in Uttar Pradesh mainly kept mentha oil prices up
 "Mentha oil up 0.3% on strong demand")
Silver down 0.5% on weak global cues
In the international market, metal traded 0.7% lower in Singapore
 "Silver down 0.5% on weak global cues")
Turmeric down 1.3% on profit-booking
Spice for delivery in April lost 1.18%
 "Turmeric down 1.3% on profit-booking")