Page 780 - Commodity News
Potato up 3.8% on pick up in physical demand
Commodity for delivery in March moved up by 2.2%
 "Potato up 3.8% on pick up in physical demand")
Icrisat identifies 40 germplasm lines of chickpea
Findings expected to help small farmers
Gold to remain buoyant for short term on robust Chinese buying
FOMC meeting in the US and monetary policy by the RBI to determine its long term sustenance
 "Gold to remain buoyant for short term on robust Chinese buying")
Gold may hit $1,330/oz on strong demand
However, the level may not sustain on low investment demand
 "Gold may hit $1,330/oz on strong demand")
Coffee sector likely to get Rs 950 cr, a boost for R&D
It has approval from the planning commission for a 60% increase in allocation to the sector over the 11th plan
 "Coffee sector likely to get Rs 950 cr, a boost for R&D")
Pre-2005 notes being used to buy gold at 2-4% commission
Yet there is no panic among their consumers regarding old currency notes
 "Pre-2005 notes being used to buy gold at 2-4% commission")
MCX shareholders reject proposal to exit biz
MCX's promoter FTIL, which holds 26% stake, also opposed the move
 "MCX shareholders reject proposal to exit biz")
Coffee sector likely to get 60% rise to Rs 950 crore in 12th plan
R&D expenses for solution for White Stem Borer pest attack on Arabica gardens to get focus
 "Coffee sector likely to get 60% rise to Rs 950 crore in 12th plan")
Gold premiums fall on speculation about easing import curbs
Premiums quoted at $75-$85 an ounce today compared to $110 on Wednesday
 "Gold premiums fall on speculation about easing import curbs")
No plans to roll back gold import curbs: Chidambaram
Until we have a firm grip on the current account deficit I do not contemplate any roll back in any measure, he said
PEC floats export tenders for 155,000 tonnes wheat
Bids close Feb 12; bidders can quote for minimum 35,000 tonnes for shipment from Vizag, 45,000 tonnes from Kandla
 "PEC floats export tenders for 155,000 tonnes wheat")
Sugar futures trade lower by 0.15% on higher supply
Analysts attributed the decline in sugar futures to higher supplies from producing regions against low demand in the spot market
 "Sugar futures trade lower by 0.15% on higher supply")
Sugar trades lower by 0.15% on higher supply
Traders trim positions on higher arrivals from producing belts
 "Sugar trades lower by 0.15% on higher supply")
Nickel moves up on rising spot demand
Jan, Feb contracts gain 0.3% as speculators enlarge positions on higher offtake from alloys makers
 "Nickel moves up on rising spot demand")
Lead up 0.45% as demand picks up
Speculators enlarge positions on higher offtake in spot market
 "Lead up 0.45% as demand picks up")
Copper gains 0.5% on spot demand, global cues
Speculators enlarge positions on higher offtake from consuming industries; metal gains 0.4% on LME
 "Copper gains 0.5% on spot demand, global cues")
Chana declines 0.5% on increased supply
Traders trim positions on weak demand in spot market
 "Chana declines 0.5% on increased supply")
Potato extends gains, up 0.4% on strong demand
Restricted arrivals from producing regions support uptrend
Cardamom maintains upward march for 5th day
Feb contract up 0.1% on pick-up in demand in spot market, lower arrivals from key growing regions
 "Cardamom maintains upward march for 5th day")
Crude palm oil softens 0.26% on profit-booking
Subdued demand in spot market contributes to weak trend
 "Crude palm oil softens 0.26% on profit-booking")