Page 765 - Commodity News
Gold down 0.4% on weak global cues
Market analysts said a weak trend in the overseas markets put pressure on gold prices
 "Gold down 0.4% on weak global cues")
Silver down 0.8% on global cues
In the international market, metal fell by 0.3%
 "Silver down 0.8% on global cues")
Refined soya up 0.4% on rising demand
Oil for delivery in March edged up by 0.3%
 "Refined soya up 0.4% on rising demand")
Potato up 0.4% on strong demand
Commodity for delivery in March gained 0.37%
 "Potato up 0.4% on strong demand")
Sugar up 2% in trade
Commodity for delivery in March traded higher by 0.61%
 "Sugar up 2% in trade")
Chana down 0.3% on sluggish demand
Commodity for delivery in February traded lower by 0.1%
 "Chana down 0.3% on sluggish demand")
Oil down in Asia on weaker China manufacturing sector
Investors will now focus on the US energy stockpiles report to be released later today
 "Oil down in Asia on weaker China manufacturing sector")
Hawala premiums for gold smuggling shoot up to 4%
The stringent curbs on gold imports, including 10.3% import duty, has resulted in a huge flow of smuggled gold
 "Hawala premiums for gold smuggling shoot up to 4%")
Iron ore production dips 11% in 2013
The production in January-December 2011 was 192 million tonnes
 "Iron ore production dips 11% in 2013")
Cotton imports estimated at 2 mn bales
This is due to high local prices and transport costs, specially for southern states that bring cotton from western India
 "Cotton imports estimated at 2 mn bales")
Groundnut exports to be hit on strict Malaysia, EU norms
The two largest importers that account for 40% of exports have asked Indian traders to procure a health certificate for every consignment
 "Groundnut exports to be hit on strict Malaysia, EU norms")
Edible oils' demand to rise 5% this year despite price fall
Demand growth muted as prices of other necessities rise
 "Edible oils' demand to rise 5% this year despite price fall")
 "Tyre output down 1%, exports up 12%")
Rasoya Proteins proposes Rs 400-cr capex
Plans underway to set up two tur dal processing units in Maharashtra to enter into branded oil segment
 "Rasoya Proteins proposes Rs 400-cr capex")
Gold import restriction helps parallel economy more than real economy
Demand has gone up by 13 per cent in the current fiscal to 975 tonnes even as imports have fallen.
 "Gold import restriction helps parallel economy more than real economy")
Cardamom down 0.4% on profit-booking
Sufficient stocks holdings in the physical market also influenced the commodity prices
 "Cardamom down 0.4% on profit-booking")
Potato up 1.1% on limited supply, high demand
Commodity for delivery in April traded higher by 0.5%
Zinc up 0.2% on overseas cues, spot demand
Metal for delivery in March also rose by a similar margin
 "Zinc up 0.2% on overseas cues, spot demand")
Aluminium up 0.2% on spot demand
Globally, aluminium for delivery in three months at the London Metal Exchange retreated as much as 0.5%
 "Aluminium up 0.2% on spot demand")
Gold down 0.4% on global cues
Metal for delivery in April shed 0.37%
 "Gold down 0.4% on global cues")