Page 786 - Commodity News
Sugar up 0.4% as demand picks up
Analysts said the rise in sugar prices was mostly attributed to rising demand in the physical markets but ample supply in the market, capped the gains
 "Sugar up 0.4% as demand picks up")
Turmeric down 0.6% on sluggish demand
Spice for delivery in April shed 0.56%
 "Turmeric down 0.6% on sluggish demand")
Refined soya oil up 0.5% as demand picks up
Oil for delivery in January traded higher by 0.2%
 "Refined soya oil up 0.5% as demand picks up")
Chana up 0.7% on upsurge in demand
Commodity for delivery in February traded higher by 0.4%
 "Chana up 0.7% on upsurge in demand")
Oil prices down in Asian trade
The return of Libyan crude boosted supplies and dented demand
 "Oil prices down in Asian trade")
Cardamom down 0.1% on low demand
Spice for delivery in February shed 0.11%
 "Cardamom down 0.1% on low demand")
Mentha oil up 0.1% on rising demand
Oil for delivery in January edged up by 0.17%
 "Mentha oil up 0.1% on rising demand")
Potato up 1.3% on increased demand
Commodity for delivery in May traded higher by 1.2%
 "Potato up 1.3% on increased demand")
Copper down 0.4% on global cues
Analysts attributed the decline to a subdued trend in the base metals pack in the global markets
 "Copper down 0.4% on global cues")
Nickel down 0.7% on profit-booking, global cues
Metal for delivery in February lost 0.67%
 "Nickel down 0.7% on profit-booking, global cues")
Lead down 0.7% on overseas cues, subdued spot demand
Marketmen said the fall in lead futures prices was attributed to a weakeing trend overseas
 "Lead down 0.7% on overseas cues, subdued spot demand")
Crude palm oil rise by 0.24% as demand picks up
Speculators indulged in creating fresh positions after pick up in demand
 "Crude palm oil rise by 0.24% as demand picks up")
Gold futures fall 0.45% on global cues
Speculators indulged in trimming positions in tandem with a weak global trend
 "Gold futures fall 0.45% on global cues")
Govt plans cash incentive for raw sugar exports
Officials say discussions on incentive have started, final decision to be taken in consultation with the ministries of food and agriculture
 "Govt plans cash incentive for raw sugar exports")
Iron ore exports fell 52% in 2013
Fifth year of fall; India slips below 10th rank in global list; some improvement likely this year in volumes
 "Iron ore exports fell 52% in 2013")
NMDC keeps iron ore prices unchanged for January
A possible reason for maintaining status quo is sluggish growth in sales which grew by just 2.96 million tonnes (MT) to 21.25 MT in the first nine months of the current fiscal
 "NMDC keeps iron ore prices unchanged for January")
Oil prices mixed following Iran nuclear deal
The prospect of a return of Iranian supplies after a landmark deal weighed prices
Duty rise fails to halt fall in rubber prices
The price of the benchmark grade RSS-4 on Monday dropped to Rs 151 a kg, RSS-5 was Rs 143 a kg and rubber (lot) was traded at Rs 140 a kg
 "Duty rise fails to halt fall in rubber prices")
 "Why are experts hedging copper price bets?")
ICEX struggles to stay afloat
Loss-making exchange looks to raise capital
 "ICEX struggles to stay afloat")