Page 781 - Commodity News
Oil prices supported by dip in US distillate supplies
The decline buoyed forecasts of stronger demand
 "Oil prices supported by dip in US distillate supplies")
Jewellers' stocks rise amid buzz of Sonia letter on norms
The 80:20 rule mandates importers to channel at least 20% of the import quantity for jewellery exports
 "Jewellers' stocks rise amid buzz of Sonia letter on norms")
India may turn net importer of coffee as consumption rises
Domestic consumption is growing five-six per cent a year
 "India may turn net importer of coffee as consumption rises")
Cotton yarn spinners set to cash in on export-led boom
Good monsoon, crop size to keep prices viable, increasing profitability of mills
 "Cotton yarn spinners set to cash in on export-led boom")
Rising prices force cotton exporters to book losses on forward contracts
Most contracts settled were with Chinese buyers
 "Rising prices force cotton exporters to book losses on forward contracts")
Copper down 0.1% on sluggish demand, global cues
Weak global trend where industrial metals retreated as manufacturing data from China fell below expectations also influenced the sentiment
 "Copper down 0.1% on sluggish demand, global cues")
Lead up 0.2% on pick-up in demand
Metal for delivery in February edged up by 0.18%
 "Lead up 0.2% on pick-up in demand")
Nickel down 0.5% on global cues
Metal for delivery in February shed 0.49%
 "Nickel down 0.5% on global cues")
Food Ministry belies jute industry's claims on demand overestimation
Says plastic bags were 'fall back option', jute priority
Refined soya oil up 0.7% on pick-up in demand
Oil for delivery in March moved up by 0.62%
 "Refined soya oil up 0.7% on pick-up in demand")
Chana up 0.6% on spot demand
Commodity for delivery in February gained 0.49%
 "Chana up 0.6% on spot demand")
Potato up 0.9% as demand picks up
Commodity for delivery in April traded higher by 0.79%
 "Potato up 0.9% as demand picks up")
Cardamom up 0.3% on rising demand
Spice for delivery in February edged up by 0.13%
 "Cardamom up 0.3% on rising demand")
Mentha oil down 0.2% on profit booking
Oil for delivery in February weakened by 0.24%
 "Mentha oil down 0.2% on profit booking")
Palm oil up 0.2% on spot demand
Analysts said speculators indulged in creating fresh positions on rise in demand in the spot market
 "Palm oil up 0.2% on spot demand")
Oil prices hit by profit-taking in Asian trade
Investors locked in profits after they hit their highest levels this year on forecasts of stronger demand
Sugar sector players feel ignored
Unless policy framework is changed, the issues are likely to crop up again
 "Sugar sector players feel ignored")
Paper sector may see a turnaround
Huge capex and low input cost to increase profitability
 "Paper sector may see a turnaround")
Tea auction prices firm despite good output
The production till November was higher 75 million kg compared to a year ago
 "Tea auction prices firm despite good output")