Page 870 - Commodity News
Gold rebounds on low level buying, silver reclaims Rs 55k mark
Fresh bout of buying from retailers, supportive overseas sentiment pushed precious metals higher on the domestic bourse
 "Gold rebounds on low level buying, silver reclaims Rs 55k mark")
Gold imports in Aug fall below 10 tons
Jewellers start placing import orders, expect 25 tons imports in Sept
 "Gold imports in Aug fall below 10 tons")
India soybean carryover stock to be higher than last year
Carryover stock is the stock which does not reach the market in its year of production and is added to the next season's supply as old crop stock
 "India soybean carryover stock to be higher than last year")
Cotton output may be nearly 12% higher in 2013-14
Increase in output is likely to be on account of good monsoon, says Minister of Textiles Kavuru Sambasiva Rao
 "Cotton output may be nearly 12% higher in 2013-14")
Lead decline by 0.5% on subdued demand
Speculators reduced their holdings on account of sluggish demand from battery makers
 "Lead decline by 0.5% on subdued demand")
Chana falls by 0.1% on weak cues
Speculators reduced their positions on the back of sluggish demand in spot market against adequate supplies
 "Chana falls by 0.1% on weak cues")
Refined soya down 0.6% on adequate supply, subdued demand
Oil for delivery in September weakened by 0.28%
 "Refined soya down 0.6% on adequate supply, subdued demand")
Gold futures fall nearly 1% on global cues
Gold for December contract traded lower by 0.86%
 "Gold futures fall nearly 1% on global cues")
Silver futures moves down by 1% on lower global trend
Silver for delivery in March lost 0.89%
 "Silver futures moves down by 1% on lower global trend")
Crude palm oil down 0.3% for third day on weak demand
Oil for delivery in October fell by 0.24%
 "Crude palm oil down 0.3% for third day on weak demand")
Gold, silver trading weak in mid-day trade
Metal trimmed gains after the dollar gained on positive data from US
 "Gold, silver trading weak in mid-day trade")
Potato up by 0.3% on rising demand
Lower supplies from producing regions led to upward trend in potato prices
 "Potato up by 0.3% on rising demand")
Mentha oil gains by 0.6% on increased demand
Speculators enlarged their positions due to increased demand amid lower arrivals
 "Mentha oil gains by 0.6% on increased demand")
Cardamom up by 2% on rising demand
Tight supplies in the physical market on restricted arrivals from producing regions also supported the uptrend
 "Cardamom up by 2% on rising demand")
Copper rises by 0.3% on global cues
Increased demand at domestic spot markets from consuming industries, also supported the upside
 "Copper rises by 0.3% on global cues")
Oil prices rise in Asia, eyes on Syria crisis
Dealers fear a military strike on Syria could lead to a wider conflict in the oil-rich Middle East that would put a strain on supplies
 "Oil prices rise in Asia, eyes on Syria crisis")
Commerce ministry seeks iron ore export easing
Move aimed at increasing forex earnings
 "Commerce ministry seeks iron ore export easing")
Allahabad HC seeks report on sugarcane dues
The orders were passed on the PIL filed by Rashtriya Kisan Mazdoor Sangathan president V M Singh seeking payment of cane arrears and other dues
 "Allahabad HC seeks report on sugarcane dues")
UP sugar mills set to face working capital squeeze
The government of Uttar Pradesh raised cane prices during the last crushing season to Rs 280 a quintal from Rs 240 a quintal in the previous season
 "UP sugar mills set to face working capital squeeze")
Tea Board urges branding as export strategy
Board in talks with Indian tea industry for branding initiatives; to seek help of IBEF
 "Tea Board urges branding as export strategy")