Page 753 - Commodity News
Gold at six-month high on geopolitical concerns
Through this week, gold rose 3.21% in London, trading at $1,383.05/oz on Friday
 "Gold at six-month high on geopolitical concerns")
Mango production hit by unseasonal weather
The total production of mango in the country stood at 18 million tonnes in 2012-13
 "Mango production hit by unseasonal weather")
FMC allows evening trading in agri futures
Also orders exchange to remain closed on Saturdays
 "FMC allows evening trading in agri futures")
India's vegetable oil imports drop to 3-year low in Feb
Country had imported 9.69 lakh tonnes of vegetable oil in the same month of the previous year
 "India's vegetable oil imports drop to 3-year low in Feb")
Sugar up 0.5% on lower output estimates
Commodity for delivery in March traded higher by 0.9%
 "Sugar up 0.5% on lower output estimates")
Palm oil down 0.8% on profit-booking
Oil for delivery in March contract traded lower by 0.69%
 "Palm oil down 0.8% on profit-booking")
Mentha oil down 0.3% on low demand
Oil for delivery in April shed 0.28%
 "Mentha oil down 0.3% on low demand")
Cardamom up 0.3% on spot demand
Spice for delivery in May contract edged up by 0.27%
 "Cardamom up 0.3% on spot demand")
Copper up 0.3% on short covering
Market analysts attributed the rise in copper futures to covering-up of short positions by speculators and rising spot demand
 "Copper up 0.3% on short covering")
Jeera futures down 1.5% on higher output hopes
Speculators trim positions as sluggish demand in spot market fuels downtrend
 "Jeera futures down 1.5% on higher output hopes")
Chana sheds 0.46% on subdued demand
Traders pare positions on low offtake, stock pile up
 "Chana sheds 0.46% on subdued demand")
Refined soya oil weakens on low demand
March, April contracts shed 0.27% and 0.63% respectively, as traders pare positions
Potato sheds 0.13% on weak demand
Speculators offload positions on low offtake in spot trade
 "Potato sheds 0.13% on weak demand")
Lead up 0.5% on short-covering, firm global cues
Metal for delivery in April also rose by 0.48%
 "Lead up 0.5% on short-covering, firm global cues")
Zinc up 0.3% on spot demand
Metal for delivery in March also rose by 0.3%
 "Zinc up 0.3% on spot demand")
Silver up 0.3% on global cues
In the international market, the metal added 0.4%, to trade at $21.26 an ounce in Singapore
 "Silver up 0.3% on global cues")
Gold up 0.2% on firm global cues
Globally, the metal rose 0.5% in Singapore, the highest level since Sept 10
 "Gold up 0.2% on firm global cues")
 "Shah found 'not fit & proper' 6 years ago")
FMC to raise trade position limits
RMG recommendsin its favour, feels current limits is inadequate to attract widerparticipation
 "FMC to raise trade position limits")
Inclement weather to affect wheat yield
Farmers rule out possibility of late arrivals, say flattening of plants to affect output
 "Inclement weather to affect wheat yield")