Page 856 - Commodity News
Lead down 0.8% on subdued spot demand, global cues
Lead for delivery in October also traded lower by 0.75%
 "Lead down 0.8% on subdued spot demand, global cues")
Copper down 0.6% on global cues, low demand
Analysts attributed the fall in copper futures to a weak global trend
 "Copper down 0.6% on global cues, low demand")
India's coffee exports decline 5.3% in crop year 2013
Continued global economic slowdown and drop in demand from major consuming countries in the European Union impacted the country's exports
 "India's coffee exports decline 5.3% in crop year 2013")
The Onion Conundrum
There is no switch factor in onion which makes its demand absolutely inelastic, says chairman of CACP Ashok Gulati
 "The Onion Conundrum")
Brent falls below $108 on U.S. jitters, Iran
A rise in Libya's oil output and easing tensions over Syria and Iran have also weighed on crude prices
Gold gains as U.S. shutdown looms, headed for best quarter in a year
Gold has gained nearly 9% in July-September
 "Gold gains as U.S. shutdown looms, headed for best quarter in a year")
Oil prices tumble on concerns over US budget impasse
Budget impasse in the United States threatens to shut down parts of the economy
 "Oil prices tumble on concerns over US budget impasse")
Paddy production likely to be higher this year in WB in spite of floods
Experts say factors like use of high-yielding seeds, good rainfall may boost rice productivity this year
 "Paddy production likely to be higher this year in WB in spite of floods")
Nalco expects global aluminium prices to pick up in Q4
Announces Rs 322 crore dividend for 2012-13
 "Nalco expects global aluminium prices to pick up in Q4")
Gold supply policy for jewellery exporters liberalised
Now, jewellery exporters would have easy access to gold, and this would help increase exports
 "Gold supply policy for jewellery exporters liberalised")
Bajaj Hindusthan CMD Shishir Bajaj sanguine about UP sugar sector
UP sugar sector currently burdened with cane arrears of over Rs 2,400 crore for 2012-13 season
 "Bajaj Hindusthan CMD Shishir Bajaj sanguine about UP sugar sector")
Apparel export target of $17 billion likely to be met: AEPC
This growth can be attributed to the recovery in USA economy
 "Apparel export target of $17 billion likely to be met: AEPC")
India, China for early conclusion of IMF quota reforms
India currently has a voting share of 2.4% in the Washington-based IMF
 "India, China for early conclusion of IMF quota reforms")
Castorseed prices gain 0.9% at Rs 3,580
Gains on short covering
 "Castorseed prices gain 0.9% at Rs 3,580")
Coriander up 2.6% on strong demand
Market analysts said increased buying by speculators influenced prices
 "Coriander up 2.6% on strong demand")
India gold premiums ease on import hopes
Premiums ease to $5-$7 an ounce from $40 earlier in the month
 "India gold premiums ease on import hopes")
Crude palm oil continue its losing streak with 0.9% decline
Weak trend on profit-booking
 "Crude palm oil continue its losing streak with 0.9% decline")
Chana down 1.5% on subdued demand, higher output hopes
Chana for November delivery declined by 1.2%
 "Chana down 1.5% on subdued demand, higher output hopes")
Nickel futures up 0.2% on firm demand, foreign cues
Prices at Rs 852.80 a kg
 "Nickel futures up 0.2% on firm demand, foreign cues")
Potato down 0.6% on weak demand, sufficient stocks
The commodity for delivery in April declined by 0.4%
 "Potato down 0.6% on weak demand, sufficient stocks")