Page 776 - Commodity News

Govt cuts import tariff value of gold & silver

Import tariff value is base price at which customs duty is fixed to prevent under-invoicing; it is revised fortnightly based on global price trend

Coffee exports up 38% in Jan on strong global prices

Country ships 26,161 tonnes in Jan 2014, versus 18,979 tonnes a year ago

Sugar gains 0.49% on spot demand

March sugar rose by Rs 13, or 0.49%, to Rs 2,662 per quintal with an open interest of 22,320 lots

Chana down 0.70% on increased supply, weak demand

February delivery fell by Rs 20, or 0.70%, to Rs 2,835 per quintal with an open interest of 54,700 lots

Potato falls by 0.8% on subdued demand, higher supply

Speculators offloaded their positions due to sluggish demand in the spot market against increased supplies

Cardamom climbs by 2.4% on strong spot demand

Fresh positions built-up by speculators after upsurge in domestic and export demand pushed up prices

Crude palm oil weaken by 0.2% on sluggish demand

Adequate stocks availability in the physical market also put pressure on crude palm oil prices

Mentha oil futures rise 0.1% as demand picks up

Tight stocks position in the physical market due to less arrivals from producing region also supported the uptrend

Lead down by 0.4% on subdued spot demand

Fall in lead futures prices was attributed to a subdued demand at domestic markets amid a weakening trend

Zinc down by 0.6% on subdued demand

Weak cues from the global markets also affected the prices

Copper weakens on global cues

Copper futures prices today fell marginally to Rs 444.70 per kg

Nickel futures drop on sluggish demand

Speculators reduced their holdings on sluggish demand from alloy-makers in the spot market

Oil prices down in Asia on weak Chinese data

Weak Chinese manufacturing activity fuelled concerns over energy demand

Tea production rises 6.5 per cent in 2013

Gold import likely below 500 tonnes in FY14: GJF

This, if the government does not relax the import restrictions

Supply-demand gap in pulses may not narrow in coming years

Bumper pulses harvest does not open doors for exports

Commexes seek reforms: Urge series of steps on govt, FMC

Suggest more sensible rules on shareholding, agri contracts, banks' direct involvement and in warehousing, among others

Mpeda to expand farming of new variety Tilapia fish

Annual revenues from the variety pegged at Rs 700 cr

Mentha oil down 0.7% on sluggish demand

Oil for delivery in February declined by 0.09%

Potato down 1.3% on weak demand, adequate stocks

Commodity for delivery in April declined by 1.19%