Page 843 - Commodity News
Govt cuts tariff value on imported gold, silver
India imported about 860 tonnes of gold in 2012. Govt has taken several steps to curb gold imports
 "Govt cuts tariff value on imported gold, silver")
Govt hikes wheat MSP by Rs 50 per quintal
Farmers are encouraged to cover more area under the crop in the ongoing rabi season
 "Govt hikes wheat MSP by Rs 50 per quintal")
Sugar down 0.1% on adequate supply
Sweetener for delivery in December traded lower by 0.03%
 "Sugar down 0.1% on adequate supply")
Copper down 0.8% on weak global trend
Copper for delivery in three months fell 0.6% a metric tonne on LME
 "Copper down 0.8% on weak global trend")
Chana up 0.5% on strong demand
Commodity for delivery in October traded higher by 0.31%
 "Chana up 0.5% on strong demand")
Crude oil down 0.8% on weak overseas cues
Oil for delivery in November traded lower by 0.7%
 "Crude oil down 0.8% on weak overseas cues")
Lead down 0.6% on sluggish demand
Market analysts said sluggish demand from battery-makers in the domestic spot market kept pressure on lead prices in futures trade
 "Lead down 0.6% on sluggish demand")
Refined soya up 1.1% on rising spot demand
Oil for delivery in October traded higher by 0.83%
 "Refined soya up 1.1% on rising spot demand")
Silver down 0.8% on lower overseas trend
White metal for delivery in far March month declined by 0.6%
 "Silver down 0.8% on lower overseas trend")
Gold down 0.5% on global cues
Gold for delivery in December fell by 0.45%
 "Gold down 0.5% on global cues")
Potato up 0.5% on spot demand, tight supply
Commodity for delivery in April traded higher by 0.2%
 "Potato up 0.5% on spot demand, tight supply")
Crude palm oil up 1.1% on global cues
Marketmen attributed the rise in crude palm oil prices at futures trade to a firming global trend
 "Crude palm oil up 1.1% on global cues")
Mentha oil down by 0.1% on profit booking
Oil for delivery in October weakened by 0.02%
 "Mentha oil down by 0.1% on profit booking")
Cardamom up 0.1% as demand picks up
Spice for delivery in December edged up by 0.05%
 "Cardamom up 0.1% as demand picks up")
Oil down as investors take profits after US deal
Optimism was tempered by fears that the agreement -- which extends the US Treasury's borrowing authority until February 7 -- is only a temporary measure
 "Oil down as investors take profits after US deal")
OMCs' ethanol purchase: CCI refuses to stop project
Says chemical & alcohol industry's arguments of likely short supply and higher prices for them are not reason enough
 "OMCs' ethanol purchase: CCI refuses to stop project")
Guar futures cartel: Betul Oil under CCI scanner
Betul Oil is a Madhya Pradesh-based solvent extractor and oilcake and guar gum trading firm
 "Guar futures cartel: Betul Oil under CCI scanner")
As gold imports slow to a trickle, jewellers grapple with premiums
Apart from duty and other taxes, the yellow metal in the physical market is trading at 7% premium to the landed cost
 "As gold imports slow to a trickle, jewellers grapple with premiums")
Coconut Devpt Board clears projects worth Rs 23 cr
Three research projects were also listed in the approved projects
 "Coconut Devpt Board clears projects worth Rs 23 cr")
 "World stares at doubling of food prices by 2030")