Page 759 - Commodity News
Mentha oil up 0.5% on higher export and local demand
Oil for April contracts traded higher by 0.54%
 "Mentha oil up 0.5% on higher export and local demand")
Potato up 0.3% on pick-up in spot demand
Commodity for delivery in April moved up by 0.28%
 "Potato up 0.3% on pick-up in spot demand")
Cardamom down 0.5% on profit-booking
Spice for delivery in April fell by 0.28%
 "Cardamom down 0.5% on profit-booking")
Gold futures down 0.2% on weak global cues
Profit-booking by speculators also affected prices
 "Gold futures down 0.2% on weak global cues")
Zinc shed 0.5% on subdued demand
A weak global trend on slowing economic growth in China also affected prices
 "Zinc shed 0.5% on subdued demand")
Nickel down by 0.4% on global trends
Weak demand from alloy-makers also affected prices
 "Nickel down by 0.4% on global trends")
Lead down by 0.3% on global trends
Subdued demand from battery-makers also affected prices
 "Lead down by 0.3% on global trends")
Copper fall 0.3% on weak global cues
Analysts attributed the fall in copper futures to weak global cues amid escalating tensions in Ukraine
 "Copper fall 0.3% on weak global cues")
Oil prices mixed, eyes on Ukraine crisis
US threatens sanctions against Russia for military intervention in Crimea
 "Oil prices mixed, eyes on Ukraine crisis")
Goa to conduct 2nd round of iron-ore auction tomorrow
Steel mills likely to stay away again
 "Goa to conduct 2nd round of iron-ore auction tomorrow")
India slips to rank 5 in rubber output; Vietnam, China ahead
Was at fourth place in 2012 after Thailand, Indonesia and Malaysia
 "India slips to rank 5 in rubber output; Vietnam, China ahead")
Pellet units knocked by export duty headwinds
The 5% duty on the export of iron-ore pellets has made these uncompetitive
 "Pellet units knocked by export duty headwinds")
Coffee exports rise 15% in Jan-Feb
Coffee Shipments from India, the world's fifth-biggest exporter, were 54,679 tonnes a year ago
 "Coffee exports rise 15% in Jan-Feb")
Nearly 15% SME foundries shut shop due to demand slump
About 80 per cent of India's $12 bn foundry industry comprises SMEs, 15% are medium-sized players and only five per cent are large units
 "Nearly 15% SME foundries shut shop due to demand slump")
MPEDA's co-branding drive for seafood exports
Initiative to promote brand equity of Indian marine products in markets
 "MPEDA's co-branding drive for seafood exports")
Odisha rice production may cross 80 lakh tonne by 2017: Assocham
Rice production in eastern India can reach about 670 lakh tonne by 2017-18 from current level of over 580 lakh tonne
 "Odisha rice production may cross 80 lakh tonne by 2017: Assocham")
Potato down 2% on reduced offtake
Commodity for delivery in April, traded lower by 1.8%
Mentha oil up 1.1% on pick-up in demand
Oil for April contract traded higher by 0.95%
Cardamom down 0.5% on subdued demand
Spice for delivery in April traded lower by 0.52%
Palm oil up 1.6% on pick-up in demand
Oil for delivery in April was up by 1.28%
 "Palm oil up 1.6% on pick-up in demand")