Page 820 - Commodity News
Aluminium down by 0.1% on global cues
Speculators offloaded their positions in tandem with a weak trend in base metals
 "Aluminium down by 0.1% on global cues")
Copper falls by 0.3% on global cues
A subdued domestic demand also affect the prices of copper
 "Copper falls by 0.3% on global cues")
Gold imports likely to drop 40% to 500 tonnes in FY14
India imported an estimated 835 tonnes of gold in 2012-13
 "Gold imports likely to drop 40% to 500 tonnes in FY14")
Gold smuggling rampant, WGC expects trend to continue
40-50 tonnes of gold may have been smuggled into India in July-September; industry seeks duty cut
No shortage of salt, states have excess stock: Salt commissioner
Against 24 million tonnes of salt production total salt consumption stood at around 21.5 million tonnes
 "No shortage of salt, states have excess stock: Salt commissioner")
Veg oil import at all-time high in last 12 months
Import of vegetable oils during October 2013 is reported down by 1.36%
 "Veg oil import at all-time high in last 12 months")
Traders' body left abandoned by political parties in Bengal
Around 2007, Foward Bloc led the agitation against organised retail in West Bengal; some big names in retail sector have stayed away from there ever since
 "Traders' body left abandoned by political parties in Bengal")
Potato prices may fall 20% in a week
Curbs impored by West Bengal govt on potato exports had escalated tube prices in Odisha up to Rs 50 per kg
Nickel up 0.3% on spot demand
Metal for delivery in December gained 0.29%
 "Nickel up 0.3% on spot demand")
Silver futures down by 0.5% on global trend
White metal for delivery in March lost 0.42%
 "Silver futures down by 0.5% on global trend")
Gold futures down 0.2% on global cues
Gold fell by $4.60 to $1,282.70 an ounce in London in early trade today
 "Gold futures down 0.2% on global cues")
Copper down 0.2% on global cues
Metal for delivery in November shed 0.23%
 "Copper down 0.2% on global cues")
Vegetable prices to remain high in next 15 days in Bengal
Majority of the early crop was destroyed in more than districts due to floods
 "Vegetable prices to remain high in next 15 days in Bengal")
Oil prices rise in Asian trade
Hopes that US Federal Reserve will wait longer before scaling back its stimulus programme influenced prices
 "Oil prices rise in Asian trade")
Govt cuts gold import tariff value again
Import tariff value on silver has been cut to $672 per kg from $738 per kg in the review period
Consumption of yellow metal falls 32% in July-September
Import curbs take effect; buyers tap smuggled, recycled metal; latent demand still strong
Don't correlate Brazil coffee cultivation to India's: Jawaid Akhtar
Interview with Chairman, Coffee Board
 "Don't correlate Brazil coffee cultivation to India's: Jawaid Akhtar")
After bright Diwali, diamond units expect dull Christmas sales
US, Japan markets hold the key for diamond sales and industry growth
 "After bright Diwali, diamond units expect dull Christmas sales")
Global gold demand dips 21% in Q3 to 869 tonne: WGC
Global demand for jewellery was 487 tonnes in the quarter, up 5% on last year
Indian Potash sugar mills in UP to start crushing by November end
The company also cleared its sugarcane arears for last crushing season
 "Indian Potash sugar mills in UP to start crushing by November end")