Page 775 - Commodity News
Oil prices extend gains in Asian trade
Extra cold weather in the United States bolstered demand for heating fuel
 "Oil prices extend gains in Asian trade")
Paper manufacturers increase pulpwood plantation area
The cumulative area under pulpwood rose 17% in 2012-13 and 56% over four years
 "Paper manufacturers increase pulpwood plantation area")
 "Karnataka steel industry alleges cartelisation")
FinMin may cut commodities transaction tax
The tax, 0.01%, was imposed on commodity futures trading on national electronic futures exchanges
 "FinMin may cut commodities transaction tax")
Kerala will procure rubber to stabilise prices: CM
He made it clear in the Assembly today while responding to a question from the Opposition
 "Kerala will procure rubber to stabilise prices: CM")
Guarseed recovers on low level buying
Feb, March contracts up more than 2% each on restricted supplies
 "Guarseed recovers on low level buying")
Chana up 1% on good demand
Traders enlarge positions in the wake of higher offtake during wedding season
 "Chana up 1% on good demand")
Coriander gains 1.13% on spot demand
Traders enlarged positions on restricted arrivals from major growing belts
 "Coriander gains 1.13% on spot demand")
Crude oil down 0.18% on mixed Asian cues
Concerns of weak mfg data from US and China weigh
 "Crude oil down 0.18% on mixed Asian cues")
Silver futures down 0.25%
Traders pare exposure even as metal recovers in global market
 "Silver futures down 0.25%")
Mentha oil rises 0.3% as demand picks up
Traders create fresh positions on higher offtake from consuming industries, lower arrivals from growing areas
 "Mentha oil rises 0.3% as demand picks up")
Gold down 0.27% in futures trade
Traders offload partial positions even as metal gains in global markets
 "Gold down 0.27% in futures trade")
Potato gains marginally on spot demand
March, April contracts up 0.6% each as traders build positions
 "Potato gains marginally on spot demand")
Zinc down 0.16% on global cues, subdued demand
Experts cite weak trend in entire base metals pack at LME due to slowdown in manufacturing in China and US
 "Zinc down 0.16% on global cues, subdued demand")
Copper falls by 0.1% on global cues
Speculators engaged in trimming positions, tracking a weak trend overseas
 "Copper falls by 0.1% on global cues")
Cardamom surges by 3% on high demand
Rising spot and exports demand against restricted arrivals from producing regions, mainly influenced prices
 "Cardamom surges by 3% on high demand")
Crude palm oil rises by 0.3% as demand picks up
Speculative positions built-up by participants following pick-up in spot demand mainly led to rise
 "Crude palm oil rises by 0.3% as demand picks up")
Nickel remains weak on sluggish demand
Market analysts attributed persistent fall in nickel prices to a weak trend in the base metals pack
 "Nickel remains weak on sluggish demand")
 "Water shortage leading to rethink on irrigation strategy")
Steel industry, iron ore miners indulge in ad war
Industry bodies move SC seeking an independent price fixation authority to discourage cartelisation
 "Steel industry, iron ore miners indulge in ad war")