Page 878 - Commodity News

Record rupee plunge pushes gold to new high

Lower expectation of US tapering in expansion programme, tension in Arab world contribute, as do recent govt decisions

UP sugar industry strives to stay afloat

Costs, including the state-set prices for cane are relentlessly high, a point even the government concedes

CACP overhauls jute MSP fixing mechanism

CACP calculated the MSP based on the existing support price of TD 5 grade raw jute produced in Assam

Onion production estimated to fall by 5% in 2012-13: Pawar

Country's onion output stood at 175.11 lakh tonnes in the crop year 2011-12

Sugar output pegged at 24.8 million tonnes in 2012-13: Thomas

India produced 25.8 MT of the sweetener in the 2011-12 sugar marketing season

Crude oil, copper hit a new all time high on MCX

Copper hit a high of Rs 485.50 per kilogram while crude oil hit a new high of Rs 7,054 per barrel

India 11th in gold reserves with central bank

The country has total of Rs 557.7 tonnes of gold with the apex bank

GM crops panel member criticises moratorium on field trials

Former ICAR director says if suggestions accepted two decades of research on GM crops by public institutions will go waste

Gold futures touch record high above Rs 32,500; seen hitting new peak

Higher gold prices could dent demand in the world's biggest buyer of the yellow metal,

Mustardseed down 0.6% on profit booking

October contract fell by 0.59%

Potato gains by 0.9% on strong demand

Tight supplies in the physical market from producing regions also supported the uptrend

Gold futures set new record

Yellow metal made a record high on Nov 26, 2012, to settle at Rs 32,464 per 10 gm

Chana falls by 1.2% on increased supply, weak demand

Offloading of positions by speculators at the spot market affected prices

Sugar down by 0.6% on higher supply

Speculators reduced positions on sluggish demand in the spot market

Combined loss of OMCs in Q1 at Rs 4,403 cr: Petroleum Ministry

Could report meager profits in previously only after accounting for cash assistance from govt, discount on sale of crude oil offered by oil cos

Castorseed down 0.8% on profit taking

Castor prices for the October contract lost 0.71%

Costlier imported scrap pushes sponge iron rates by Rs 500/tn

Sponge iron rates have gone up by more than 3% in past two weeks to trade at Rs 17,500 per tonne at Rourkela

Mentha oil up by 1.2% on spot demand

Lower arrivals from producing regions also helped prices

Crude palm oil up by 0.6% on firm demand

Speculators engaged in enlarging positions

Silver rises 1.6% in futures trade

Speculators created positions even as metal declined in Asian trade