Page 773 - Commodity News
Copper rises 0.62% on spot demand, global cues
Speculators enlarge positions on higher offtake by comsuming industries
 "Copper rises 0.62% on spot demand, global cues")
Oil prices mixed ahead of US jobs release
Severe winter weather in the country lifted demand for heating fuel and lent support to prices
 "Oil prices mixed ahead of US jobs release")
Gold futures rise 0.5% on global cues
Market analysts said a firming trend in the global market before data on US jobs, influenced gold futures
 "Gold futures rise 0.5% on global cues")
Commodity futures regulator to allow trading by bourse shareholders
Brokers with no say in board or management may be allowed to trade
 "Commodity futures regulator to allow trading by bourse shareholders")
Natural stone exports set to drop 15% in FY14
Restrictive policies by state and central governments, curbs on import of rough granite blocks affecting the industry
 "Natural stone exports set to drop 15% in FY14")
Procurement of wheat likely to be higher at 35 mt
Timely sowing, new and more weather-resistant varieties, with timely rain, have triggered hopes for a higher crop and larger procurement
 "Procurement of wheat likely to be higher at 35 mt")
Iron ore pellet prices dip, exports come to a halt
Currently, traders are demanding Indian pellets at $140 a tonne at ports
 "Iron ore pellet prices dip, exports come to a halt")
World food prices drop to 19-month low
An index of 55 food items dropped to 203.4 points last month from 206.2 in December
 "World food prices drop to 19-month low")
Groundnut oil trading at four years low on weak demand
Poor export demand for groundnut has resulted in drastic downfall in prices this year
Potato up 2% as demand picks up, tight supply
Commodity for delivery in March traded higher by 1.63%
 "Potato up 2% as demand picks up, tight supply")
Refined soya up 0.7% on strong demand
Oil for delivery in February moved up by 0.31%
 "Refined soya up 0.7% on strong demand")
Chana down 0.6% on higher supply, low demand
Commodity for delivery in April shed 0.27%
 "Chana down 0.6% on higher supply, low demand")
Palm oil up 0.6% on global cues
Commodity for April delivery climbed 0.8% on the Malaysia Derivatives Exchange
 "Palm oil up 0.6% on global cues")
Sugar up 0.4% on spot demand
Commodity for delivery in February edged up by 0.23%
 "Sugar up 0.4% on spot demand")
Coriander down 1.1% on sluggish demand
Spice for delivery in February declined by 1.07%
 "Coriander down 1.1% on sluggish demand")
Cardamom up 0.5% on rising demand
Spice for delivery in March traded higher by 0.35%
 "Cardamom up 0.5% on rising demand")
Nickel up 0.4% on global cues, spot demand
Metal for delivery in February traded higher by 0.37%
 "Nickel up 0.4% on global cues, spot demand")
Gold holds up on safe-haven bids, cautious stocks
A mixed bag of US data added to pressure from the emerging markets turmoil on equity markets
 "Gold holds up on safe-haven bids, cautious stocks")
Mentha oil up 0.2% on good demand, tight supply
Analysts said speculators created fresh positions on good demand from consuming industries in the spot market
 "Mentha oil up 0.2% on good demand, tight supply")
Turmeric down 1.9% on profit-booking
Spice for delivery in April lost 1.95%
 "Turmeric down 1.9% on profit-booking")