Page 758 - Commodity News
Nickel down by 0.4% on overseas trends
Subdued demand from alloy-makers weighed also on prices
 "Nickel down by 0.4% on overseas trends")
Gold futures down on weak global cues
Participants offloaded partial positions, taking weak cues from the global market
 "Gold futures down on weak global cues")
 "Palm oil prices may rise 6% on climate change")
Govt push for plastic packing of foodgrains to hit jute mills
These are already losing Rs 2,000 crore a year
 "Govt push for plastic packing of foodgrains to hit jute mills")
 "FCI's wheat export tenders receive poor response")
Mentha oil up 0.9% on rising demand
Oil for April contracts traded higher by 0.76%
 "Mentha oil up 0.9% on rising demand")
Potato down 0.7% on reduced offtake
Commodity traded lower by 0.67%
 "Potato down 0.7% on reduced offtake")
Palm oil up 2.9% on spot demand, global cues
Analysts said firming trends in both global and spot markets supported the upside
 "Palm oil up 2.9% on spot demand, global cues")
Zinc up 0.3% on global cues
A firm global trend and better domestic demand helped prices
 "Zinc up 0.3% on global cues")
Silver futures marginally up on global cues
Market analysts attributed the rise in silver prices at futures trade to a firming trend in the global markets
 "Silver futures marginally up on global cues")
Oil prices mixed as Ukraine fears recede
The presence of Russian-backed troops in the Crimean peninsula continue to support prices
 "Oil prices mixed as Ukraine fears recede")
Onion export floor price abolished
In December, the commerce ministry had reduced the MEP from $350 a tonne to $150 a tonne to boost exports
 "Onion export floor price abolished")
Subsidy helps sugar mills export 1.35 mt in a month
Mills have contracted for around 1.6 million tonnes
 "Subsidy helps sugar mills export 1.35 mt in a month")
Silver imports set to fall as govt may ease curbs on gold
Any easing of curbs on gold imports could remove about 2,000 tonnes of demand for silver from investors as an alternative asset
Arabica coffee prices rise 92% in 4 months on Brazil drought
Analysts say at current levels, some correction could be expected, adding prices might stabilise at about 150 cents/lb
 "Arabica coffee prices rise 92% in 4 months on Brazil drought")
20% of UP's potato crop damaged due to rains
Earlier, a private agency had conducted a remote survey of the potato crop in UP and estimated 13.7 million tonnes of production
Sugar output down 11.7%
Currently, 460 mills are operational, 23 mills more than at the same time last year
 "Sugar output down 11.7%")
Olive oil players rustle up ways to gain volumes
On their ingredient list is the need to prove olive oil is suited to Indian cooking
 "Olive oil players rustle up ways to gain volumes")
Low demand pushes down cement prices in Gujarat
While prices firmed up in West and North, prices in Gujarat failed to pick up
 "Low demand pushes down cement prices in Gujarat")
Silver down 0.3% on profit-booking
Metal for delivery in March declined by 0.16%