Page 809 - Commodity News
Gold futures down 0.3% on weak global cues
Metal for delivery in far-month April shed 0.2%
 "Gold futures down 0.3% on weak global cues")
Hawala premiums double as gold smuggling zooms
Hawala premiums have doubled to 2.5-2.8% as unofficial gold imports are likely to be atleast 50% more than 100 tn in 2012
 "Hawala premiums double as gold smuggling zooms")
Final decision by Japan on ethoxyquin in shrimp by Feb
Ethoxyquin is primarily used as an antioxidant preservative in animal or shrimp feed. Clarity on this would further augment shrimp exports to Japan
Natural rubber price drops below the global tag
Benchmark RSS-4 grade today quoted Rs 152, while Bankok market quoted Rs 154 per kg
 "Natural rubber price drops below the global tag")
Crushing delay unlikely to trim India's sugar production
Sugar production is likely to be 25 million tonne this year
 "Crushing delay unlikely to trim India's sugar production")
Gur up 1.9% on low-level buying
Near January contract gained 1.31%
 "Gur up 1.9% on low-level buying")
NCDEX modifies quality specification in wheat contracts
Quality specification for wheat has been changed to include a limit of ergot affected grains not more than 0.05% by weight
 "NCDEX modifies quality specification in wheat contracts")
Jeera down 0.9% on sluggish demand, adequate supply
Spice for delivery in December shed 0.5%
 "Jeera down 0.9% on sluggish demand, adequate supply")
Turmeric up 0.8% on pick up in demand
Spice for delivery in December traded higher by 0.5%
 "Turmeric up 0.8% on pick up in demand")
Potato down 0.1% on adequate supply
Commodity for April delivery fell by 0.07%
 "Potato down 0.1% on adequate supply")
Aluminium down 0.1% on global cues
December contract declined by 0.2%
 "Aluminium down 0.1% on global cues")
Nickel down 0.5% on overseas trends, subdued demand
The January contract fell by 0.49%
 "Nickel down 0.5% on overseas trends, subdued demand")
Cardamom sheds 0.86% on subdued demand
Speculators trim positions on adequate stock levels
 "Cardamom sheds 0.86% on subdued demand")
Copper down 0.4% on profit-booking
Analysts said profit-booking by speculators led to fall in copper prices at futures trade
 "Copper down 0.4% on profit-booking")
Crude oil futures down 0.42% on profit-booking
However, firm trend in Asian trade caps losses; Nymex crude up 52 cents
 "Crude oil futures down 0.42% on profit-booking")
Silver futures down 0.8% on global cues
Market analysts said a subdued trend in precious metals in the global markets put pressure on silver futures
Gold futures down 0.3% on weak global cues
Metal for delivery in December shed 0.15%
Lead down 0.31% on subdued spot demand, overseas cues
Weak trend at the LME weighs on lead prices at home
 "Lead down 0.31% on subdued spot demand, overseas cues")
Mentha oil gains 1.33% on rising demand
Tight supplies in physical market following less arrivals from Chandausi in Uttar Pradesh add to pressure on the commodity
 "Mentha oil gains 1.33% on rising demand")