Page 763 - Commodity News
'Track gold miners' stocks to predict price trends'
Served as lead indicator for last year's decline, notes CLSA's Wood
 "'Track gold miners' stocks to predict price trends'")
Mentha oil down 0.1% on sluggish demand
Oil for delivery in March weakened by 0.09%
 "Mentha oil down 0.1% on sluggish demand")
Refined soya oil up 0.2% on pick-up in demand
Analysts said speculators created fresh positions on pick-up in demand in the spot market
 "Refined soya oil up 0.2% on pick-up in demand")
Potato down 0.6% on increased supply
Commodity for delivery in March traded lower by 0.4%
 "Potato down 0.6% on increased supply")
Coriander up 1.2% on rising demand
Analysts said speculators enlarged positions on rising demand in the spot market against restricted supplies
 "Coriander up 1.2% on rising demand")
Copper down 0.8% on weak global cues
Metal for delivery in far-month April fell by 0.7%
 "Copper down 0.8% on weak global cues")
Aluminium down 0.4% on global cues
Sluggish demand in the domestic spot markets weighed on the metal prices
 "Aluminium down 0.4% on global cues")
Zinc down 0.3% on global cues, subdued spot demand
Metal for delivery in March fell 0.24%
 "Zinc down 0.3% on global cues, subdued spot demand")
Nickel down 0.4% on overseas trends, subdued demand
Metal for delivery in February fell by 0.48%
 "Nickel down 0.4% on overseas trends, subdued demand")
Lead down 0.4% on subdued spot demand, overseas cues
Metal for delivery in March 0.45%
 "Lead down 0.4% on subdued spot demand, overseas cues")
Cardamom up 1.1% on rising spot demand
Spice for delivery in March gained 0.9%
 "Cardamom up 1.1% on rising spot demand")
Palm oil up 0.2% on pick-up in demand
Analysts said speculative positions built-up by participants after pick-up in spot market demand mainly led to the rise
 "Palm oil up 0.2% on pick-up in demand")
Chana up 0.6% on strong spot demand
Analysts attributed the firmness in chana futures to rising demand at spot market
 "Chana up 0.6% on strong spot demand")
Oil rebounds after G20 vows to spur global growth
The G20 pledged a 2% growth over a five-year period
 "Oil rebounds after G20 vows to spur global growth")
Cotton exports pick up on rupee stability
China, with buffer stocks, has started increasing imports from India
 "Cotton exports pick up on rupee stability")
Karnataka's mulberry silk sector losing sheen
The state's overall share in India's mulberry acreage declined to 39% last year from 49% five years ago
 "Karnataka's mulberry silk sector losing sheen")
Jewellers tell govt to reduce gold import duty to 2%
Though import duty increase had reduced import through official channel, it fuelled smuggling of the precious metal to India
 "Jewellers tell govt to reduce gold import duty to 2%")
Global steel output dips, India remains flat
India maintained its volumes at 6.95 metric tonnes in January
 "Global steel output dips, India remains flat")
NCDEX plans to launch tur, urad and rice futures
To apply to FMC for approval soon
 "NCDEX plans to launch tur, urad and rice futures")