Page 743 - Commodity News
 "India extends ban on export of pulses")
RBI relaxes rough diamond import norms
Allows banks to extend advance remittance at their discretion
 "RBI relaxes rough diamond import norms")
ACE launches gold hedge contract
Commodity exchange volumes had begun to to take a hit after a commodity transaction tax was introduced and also as gold prices crashed
 "ACE launches gold hedge contract")
Favourable policy support to drift agri commodity exports
Commerce Minister Anand Sharma says government committed to raise market share
 "Favourable policy support to drift agri commodity exports")
Govt reduces tariff value of gold, silver
Import tariff value on gold has been reduced to $421 per 10 grams, silver $644 per kg
 "Govt reduces tariff value of gold, silver")
India's FY14 coffee exports up 3.6%
India's total coffee exports increased slightly to Rs 4,800 crore in 2013-14
 "India's FY14 coffee exports up 3.6%")
Sugar up 1.3% on increased summer season demand
Commodity for delivery in May gained 1.04%
 "Sugar up 1.3% on increased summer season demand")
Silver down 0.3% on weak global cues
Metal for delivery in July declined by 0.19%
 "Silver down 0.3% on weak global cues")
Gold down 0.2% on global cues
Metal for delivery in April shed 0.05%
 "Gold down 0.2% on global cues")
Aluminium down 0.5% on global cues
Metal for delivery in May traded lower by 0.42%
 "Aluminium down 0.5% on global cues")
Palm oil up 0.4% on rising demand
Analysts said rising demand in the spot markets mainly influenced crude palm oil prices as speculators enlarged positions
 "Palm oil up 0.4% on rising demand")
Mentha oil down 1.2% on sluggish demand
Oil for delivery in April declined by 1.17%
 "Mentha oil down 1.2% on sluggish demand")
Cardamom up 0.3% on rising demand
Spice for delivery in April traded higher by 0.2%
 "Cardamom up 0.3% on rising demand")
Potato up 0.7% on rising demand
Commodity for delivery in April traded higher by 0.65%
 "Potato up 0.7% on rising demand")
Copper down 0.2% on global cues, subdued demand
Subdued demand in the domestic spot market also put pressure
 "Copper down 0.2% on global cues, subdued demand")
Nickel down 0.3% on weak trend in base metals
Subdued demand from alloy-makers in the domestic spot markets weighed on the prices
 "Nickel down 0.3% on weak trend in base metals")
India's coffee exports marginally up 2.8% in FY14
The value of exports in Indian rupee terms stood at Rs 4,769 cr in FY14 as against Rs 4,639 cr
 "Chinese financial market reforms hit copper speculators")
Gold imports drop to 6-year low
Some relaxation in import curbs seen likely in near future; prices expected to remain under pressure for some time
 "Gold imports drop to 6-year low")
