Page 803 - Commodity News

Rising global demand gives a boost to spice processing sector

India is largest producer and exporter of spices; its estimated global production of spices 5.9 million tonnes

Rising import of refined oil makes domestic refining industry into jittery

Operating capacity reduces to 30%, duty differential needs a raise to 7.5% as recommended by Ashok Lahiri Committee for survival

Vegetable oil imports up 35% to 9 lakh tonnes in November

Import of edible and non-edible vegetable oils stood at over 7 lakh tonnes in the same month last year

Nickel up 0.6% on global cues

Metal for delivery in January moved up by 0.51%

Barley down 1.7% on increased selling

Most active January contract fell by 0.3%

Coriander down 0.8% on profit-booking

Price for December delivery declined by 0.2%

Chana up 0.8% on good demand

Commodity for delivery in January increased by 0.6%

Potato down 1.1% on adequate stocks, low demand

Commodity for delivery in March declined by 0.8%

Mentha oil up 0.3% on export and local demand

Oil for January contract traded higher by 0.35%

Crude palm oil up 0.7% on spot demand

Oil price for delivery in December rose by 0.6%

Cardamom down 1.6% on profit-booking

Spice for delivery in January fell by 0.6%

Rubber production will be 870,000 tones only: Board Chairman

10% drop is certain in current fiscal

Oil prices down in Asian trade

Expectations of a return of Libyan supplies weighed prices

Gold, silver imports dip 81% in November

Imports of gold and silver in November 2012 stood at $5.4 billion

Castor seed prices up 10% amid strong export demand

Traders see further upside in prices till March as international may increase

Thomas urges sugar mills to modulate output

Minister says export market does not want plantation white sugar

Diamond price & demand trend worries processors

Surge in import of polished stones as jewellery makers battle higher costs of credit and labour, even as prices of rough diamonds rise

In AP, poor man's apple to remain dearer for next two seasons

In guava, sapling to fruit bearing period is around 3-4 years and hence it will take some more time for fresh orchards to bear fruit

High deposit keeps traders away from open market PDS sugar bids

Maharashtra's annual requirement for PDS sugar stands at .24 million ton

Gold, silver spurt on frantic buying, strong global cues

Sentiments turned bullish after gold recorded the biggest advance since mid-October as the dollar weakened