Page 766 - Commodity News
Nickel gains by 0.4% on firm demand
A mixed trend in base metals also influenced prices
 "Nickel gains by 0.4% on firm demand")
Lead up by 0.1% on spot demand
Speculators engaged in creating positions on rising spot demand
 "Lead up by 0.1% on spot demand")
Copper down on global cues
Analysts also attributed the decline in copper prices to profit-booking by speculators
 "Copper down on global cues")
Sugar output drops by 13%; cane arrears cross Rs 12k cr
Mills had manufactured 16.58 million tonnes of sugar in the corresponding period of the 2012-13 marketing year
 "Sugar output drops by 13%; cane arrears cross Rs 12k cr")
Gems and jewellery exports fall 13.6% in January
In January, exports plunged 23% to Rs 2,994 cr compared to Rs 3,899 cr a year ago
 "Gems and jewellery exports fall 13.6% in January")
Odisha supplies reach cap of 57 mt
The limit, however, excludes supplies for captive consumption
 "Odisha supplies reach cap of 57 mt")
Steel mills stay away from Goa ore auction
The auction saw participation by traders and miners
 "Steel mills stay away from Goa ore auction")
Global rubber output to be up 3.4 per cent at 12 mt in 2014
According to the IRSG estimates, were 11.7 million and 11.3 million tonnes, respectively (a surplus of 0.4 million)
 "Global rubber output to be up 3.4 per cent at 12 mt in 2014")
India's gold demand rises 13% in 2013
But China's surpasses due to liberalisation of gold policy
 "India's gold demand rises 13% in 2013")
Smuggled gold doubles to 200 tonnes
The GFMS estimated 112 tonnes had been smuggled in 2012
 "Smuggled gold doubles to 200 tonnes")
Egg prices fall 12% in February
However, this year, average monthly prices in February came down quite sharply from the highs of January
 "Egg prices fall 12% in February")
Edible oil prices ease due to higher production expectations
According to experts, this year price of majority of edible oils have gone down almost 10 to 40% in comparison to last year
 "Edible oil prices ease due to higher production expectations")
Coriander up 1.5% on spot demand
Spice for delivery in February traded higher by 1.01%
 "Coriander up 1.5% on spot demand")
Potato up 0.6% on spot demand
Commodity for April contract inched up by 0.53%
 "Potato up 0.6% on spot demand")
Cardamom down 1.3% on sluggish demand
Spice for delivery in April traded lower by 1.06%
 "Cardamom down 1.3% on sluggish demand")
Crude palm oil rises 1% as demand picks up
Traders create fresh positions on higher offtake in spot market
 "Crude palm oil rises 1% as demand picks up")
Mentha oil shed 2% per cent on profit-booking
Higher arrivals from Chandousi in Uttar Pradesh push prices down further
 "Mentha oil shed 2% per cent on profit-booking")
Lead up 0.4% on spot demand
Higher offtake from battery makers, firm trend overseas, influence futures price at home
Silver futures down 0.48% on global cues
Traders trim positions on expectations that US Fed will continue slowing stimulus
 "Silver futures down 0.48% on global cues")
Gold futures down on weak global cues, profit-booking
Buzz that US Fed will continue slowing stimulus weighs on gold prices
 "Gold futures down on weak global cues, profit-booking")