Page 881 - Commodity News
Cotton yarn export registration increases on Chinese demand
Enquiries have started after four years from Europe, exports to set new record this year if the current trend continues
 "Cotton yarn export registration increases on Chinese demand")
Shrimp prices up 60% on low supply
Due to the short supply of shrimps, sea food exporters have been unable to avail of the fall in the rupee
 "Shrimp prices up 60% on low supply")
Base metals rise on China data
Favourable news from China, EU; might remain so in near term on hope of revival in consumption
 "Base metals rise on China data")
Coffee output may miss target on rains, pests
Cherry dropping in robusta has been an issue because of excessive rains
 "Coffee output may miss target on rains, pests")
Soya cake exporters not gaining from rupee depreciation
High prices of raw material also diminish chances of gains for exporters
 "Soya cake exporters not gaining from rupee depreciation")
Gold, silver climb as rupee tumbles to record low
A firming global trend and stockists buying further supported both the precious metals
 "Gold, silver climb as rupee tumbles to record low")
Potato up 0.1% on rising demand, tight supply
Speculators enlarged their positions following upsurge in demand in the spot market amid lower arrivals from producing region
 "Potato up 0.1% on rising demand, tight supply")
Lead up by 0.8% on spot demand
A firming trend in base metals also influenced the prices of lead
 "Lead up by 0.8% on spot demand")
Aluminium up 0.7% on overseas trend
Aluminium for delivery in August traded higher by 0.71%
 "Aluminium up 0.7% on overseas trend")
Zinc up 0.8% on overseas cues
Zinc for delivery in September rose by 0.75%
Gold jewellery exports fall 70% in July
However, silver jewellery shipments more than doubled in the same period
 "Gold jewellery exports fall 70% in July")
Nickel up 1.1% on global cues, spot demand
Nickel for delivery in September rose by 1.05%
 "Nickel up 1.1% on global cues, spot demand")
Crude palm oil marginally up by 0.2% on better spot demand
Crude palm oil for delivery in September edged up by 0.06%
 "Crude palm oil marginally up by 0.2% on better spot demand")
Cardamom rises by 0.5% as demand picks up
Rising demand in the spot markets mainly influenced cardamom prices
 "Cardamom rises by 0.5% as demand picks up")
Mentha oil rises by 0.8% on firm demand
Speculators enlarged their positions, driven by a rising demand influenced prices
 "Mentha oil rises by 0.8% on firm demand")
Copper gains by 1% on global cues
Increased demand at domestic spot markets from consuming industries also influenced copper prices
 "Copper gains by 1% on global cues")
Crude oil down by 0.2% on weak Asian cues
Speculators trimmed positions amid a weakening trend
 "Crude oil down by 0.2% on weak Asian cues")
Gold futures down 0.6% on global cues
Profit-booking by speculators also put pressure on gold futures
 "Gold futures down 0.6% on global cues")
Crisis-ridden economy causes fall in rubber price
Monthly output in July dropped 32.4% to 46,000 tonnes against 68,000 tonnes in July last year
 "Crisis-ridden economy causes fall in rubber price")
Sajjan Jindal seeks status quo on iron ore export duty
Jindal writes to PM, FM and plan panel asking them to ensure availability of iron ore for steel industry
 "Sajjan Jindal seeks status quo on iron ore export duty")