Page 771 - Commodity News
Chana down 0.2% on subdued demand
Commodity for delivery in February shed 0.17%
 "Chana down 0.2% on subdued demand")
Sugar up 0.5% on expectations of government sops
Commodity for delivery in February moved up by 0.3%
 "Sugar up 0.5% on expectations of government sops")
Cardamom down 0.8% on sluggish demand
Spice for delivery in February traded lower by 0.33%
 "Cardamom down 0.8% on sluggish demand")
Palm oil down 0.3% on profit-booking
Availability of adequate stocks in the physical market put pressure on crude palm oil prices
 "Palm oil down 0.3% on profit-booking")
Mentha oil up 0.2% on rising demand
Rising domestic and export demand in the spot market, restricted supplies led to rise in mentha prices
 "Mentha oil up 0.2% on rising demand")
Silver up 0.4% on global cues
Metal for delivery in May contract traded higher by 0.31%
Nickel down 0.4% on profit-booking, global cues
Metal for delivery in March traded lower by 0.39%
 "Nickel down 0.4% on profit-booking, global cues")
Lead up 0.3% on spot demand
Firming trend in select base metals at the LME led to rise in lead prices
 "Lead up 0.3% on spot demand")
Gold futures up 0.6% on firm global cues
Metal for delivery in June traded higher by 0.49%
 "Gold futures up 0.6% on firm global cues")
OPEC crude price lowest in 14 weeks
Weekly Basket price of the crude stood at $103 per barrel last week, a drop from $104.7 per barrel
 "OPEC crude price lowest in 14 weeks")
Maharashtra sugar factories in crisis, seek interest-free loans
Nearly 97 factories owe Rs 479 cr towards FRP as on Dec 31 last
 "Maharashtra sugar factories in crisis, seek interest-free loans")
Goa to e-auction half a million tonnes of iron ore on Feb 17
Base price for auction to be fixed on or before February 16
 "Goa to e-auction half a million tonnes of iron ore on Feb 17")
Reconsider export duty on iron ore pellets: Commerce ministry to FinMin
Last month, ministry of finance imposed export duty of 5% on iron ore pellets
 "Reconsider export duty on iron ore pellets: Commerce ministry to FinMin")
Shrimp exports rise 90% to Rs 14,364 cr
Whopping increase in shrimp exports this fiscal; export earnings shoot up 90%
 "Shrimp exports rise 90% to Rs 14,364 cr")
Farmers to dump onions if prices fall further
Seek government intervention, minimum export price removal, restoration of farming incentives
 "Farmers to dump onions if prices fall further")
 "Are iron-ore miners more sinned against than sinning?")
Indian coffee prices trade higher at auction
Arabica coffee prices in New York for March delivery were higher by 25.70 cents per pound
 "Indian coffee prices trade higher at auction")
Watch gold mining scrips to predict gold price trend: CLSA
It served as lead indicator for last year's decline, says Chris Wood
 "Watch gold mining scrips to predict gold price trend: CLSA")
Nickel up 0.3% on spot demand
Metal for delivery in February gained 1.02%
Cardamom up 1.7% on upsurge in spot demand
Spice for delivery in February edged up by 0.51%