Page 800 - Commodity News

Crude palm oil down 0.6% on global cues

Oil for delivery in January edged lower by 0.59%

RBI for removal of restrictions on gold import

Govt hiked import duty on gold to 10% and the RBI also imposed curbs on its imports by linking it with exports

Mentha oil up 0.1% on rising demand, tight supply

Analysts said speculators enlarged their positions, tracking a firm trend at spot market on rising demand from consuming industries

Sugar down 0.2% on ample supply

Commodity for delivery in February traded lower by 0.07%

Nickel up 0.3% as demand picks up

Analysts said speculators enlarged their positions, tracking a firming trend in spot market

Copper down 0.1% on weak global cues

Metal for delivery in February traded lower by 0.07%

Silver up 0.5% in futures trade on firm global trend

Metal for delivery in May traded higher by 0.49%

Gold up 0.6% on global cues

Metal for delivery in February gained 0.4%

Oil prices up ahead of US stockpiles report

Investors anticipate a fall in US crude inventories for the third consecutive week

Castor seed output to decline 40% on low yield, acreage

Traders estimate total castor seed availability at 1.4 million tonnes this year, as compared with 2.4 million tonnes in the previous year

Rubber output fall raises supply concerns

Sugar production picks up pace

In 2012-13, India produced around 25.1 million tonnes of sugar

Traders urge govt to slash onion MEP to $300/tonne

To restrict onion exports and help cut prices in the domestic market, the government had gradually raised the MEP to $1,150 a tonne from $650 a tonne a few months earlier

Crushing delay may not impact sugar output, says Thomas

Onion prices drop on higher arrivals, weak demand

Traders anticipate further fall in the onion prices as arrivals will increase in coming days while exports remain dull

GoM may meet tomorrow to take stock of open market wheat sale

Govt plans to sell 8.5 mn tonnes of wheat through open market till March 2014 before new procurement season starts

Iron ore, chrome rates under pressure on poor demand

In Odisha the rates have been hovering around Rs 5,000 to Rs 6,000 per tonne for 62 to 65 grade mineral for last one month

Mentha oil up 0.1% on spot and export demand

Oil for delivery in December edged up by 0.13%

Crude oil down 0.02% on global cues

Marketmen said the fall in crude oil futures prices was mostly in tune with a weak trend in Asian trade

Sugar output down 50% so far this season on delay in crushing

Sugar output in Maharashtra, the country's leading sugar producing state, fell by 35% to 1.2 million tonnes