Page 860 - Commodity News
Sugarcane farmers in for a marginal hike in prices
Says marginal increase in the FRP has been recommended after carefully examining the cost of production, surplus availability and international prices
 "Sugarcane farmers in for a marginal hike in prices")
Gold below Rs 30,000 in Mumbai spot market
Silver was down 1% at Rs 49,765 per kg
 "Gold below Rs 30,000 in Mumbai spot market")
Refined soya up 1.3% on upsurge in spot demand
Oil for delivery in November moved up by 0.98%
 "Refined soya up 1.3% on upsurge in spot demand")
UP sugar mills have potential to generate 9,000 MW of power
There are close to 125 operational sugar mills in UP in private, cooperative
 "UP sugar mills have potential to generate 9,000 MW of power")
Sugar down 0.3% on weak demand, adequate supply
October contract traded lower by 0.14%
 "Sugar down 0.3% on weak demand, adequate supply")
India's crude oil imports up 9.5% to 3.4 lkh cr in Apr-Aug
In the current fiscal, crude oil imports are seen rising to about 196 million tonne, from 185 million tonne it imported in 2012-13
 "India's crude oil imports up 9.5% to 3.4 lkh cr in Apr-Aug")
US not to impose countervailing duty on Indian shrimp exports
USITC imposed a 5.85% countervailing duty on Indian shrimp exports last year in response to alleged price advantages enjoyed by Indian exporters due to government subsidies
 "US not to impose countervailing duty on Indian shrimp exports")
Carpets exports up 2% in August
In August last year, these exports stood at $83.39 million
Gulf countries to discuss single fuel price
The issue will be discussed in the 32nd Petroleum Cooperation Committee meeting to be held tomorrow
 "Gulf countries to discuss single fuel price")
Avoid the gold loan route
Lower LTV and restrictions by RBI has taken sheen off these loans; consider other options
 "Avoid the gold loan route")
Castorseed down 1.5% on selling pressure
Castorseed for January contract fell by 1.19%
 "Castorseed down 1.5% on selling pressure")
Cardamom up 0.6% on spot demand
The spice for delivery in October edged up by 0.53%
 "Cardamom up 0.6% on spot demand")
Chana trade higher by 0.7% on high buying activity
Chana prices for delivery in October traded higher by 0.62%
 "Chana trade higher by 0.7% on high buying activity")
Mentha oil up 0.6% on spot demand
Mentha oil for delivery in September rose by 0.56%
 "Mentha oil up 0.6% on spot demand")
Crude palm oil down 0.7% on profit-booking, global cues
Palm oil for delivery in September down by 0.5%
 "Crude palm oil down 0.7% on profit-booking, global cues")
Coriander down 2% on profit-booking
The commodity for November delivery declined by 1.74%
 "Coriander down 2% on profit-booking")
Crude oil down 0.4% on mixed Asian cues
Oil for November delivery moved down by 0.3%
Silver futures slide 1.6% on weak global trend
Silver prices for delivery in December lost 1.46%
 "Silver futures slide 1.6% on weak global trend")
Gold down 0.9% on weak global cues
Metal prices for delivery in far-month December eased by 0.73%
Zinc down by 0.3% on global cues
Speculators trimmed positions amid sluggish domestic demand and weak global trend
 "Zinc down by 0.3% on global cues")