Page 888 - Commodity News
India, China account for 60% of gold buying
With 87% rise during the quarter ended June, gold demand in China stood at 275.7 tonnes, against 147.7 tonnes in the corresponding period last year
 "India, China account for 60% of gold buying")
Anti-Telangana stir affects chilli prices in Chennai maret
Supply of green chilli mainly from Andhra Pradesh, trips were cancelled by lorry owners
 "Anti-Telangana stir affects chilli prices in Chennai maret")
Gold gold consumption at 310 tonnes in Q2, highest in 10 yrs
This despite government curbs to restrict imports to rein in burgeoning current account deficit, a WGC report says
 "Gold gold consumption at 310 tonnes in Q2, highest in 10 yrs")
 "US reduces duty on shrimp to India to 5.8%")
Import duty hike to relinquish gold investment demand
Import to decline at least 40%, jewellers to take head on, may go on indefinite strike over duty rollback
 "Import duty hike to relinquish gold investment demand")
Vegetable oil imports rise a marginal 2.2% in July
Narrowing differential duty makes domestic refineries unviable
 "Vegetable oil imports rise a marginal 2.2% in July")
At Rs 80/kg, onion prices bring tears
Prices soar across the country as heavy rain disrupts supply from Maharashtra and Karnataka
 "At Rs 80/kg, onion prices bring tears")
India's veg oil imports up 2% in July
Country imported 8,70,328 tonnes of vegetable oil during same period last year
 "India's veg oil imports up 2% in July")
Crude palm oil down by 0.8% on weak spot demand
Selling by speculators amid a weakening trend in spot markets affected prices
 "Crude palm oil down by 0.8% on weak spot demand")
Potato up 2.5% on strong demand, restricted supply
Potato for delivery in August also moved up by 0.17%
 "Potato up 2.5% on strong demand, restricted supply")
Maha govt asks farmers to release 600,000 tonne of onions to stabilise price
Onion prices have touched Rs 80 a kg in the Maharashtra market
 "Maha govt asks farmers to release 600,000 tonne of onions to stabilise price")
Cardamom down 3.9% on profit-booking
Adequate stocks in the physical market put pressure on cardamom prices
 "Cardamom down 3.9% on profit-booking")
Mentha oil rises 1.4% as demand picks up
Mentha oil for delivery in August traded higher by 1.21%
 "Mentha oil rises 1.4% as demand picks up")
Silver down 0.2% on profit-booking, global cues
Silver prices for delivery in December shed by 0.21%
 "Silver down 0.2% on profit-booking, global cues")
Gold futures marginally down by 0.1% on Asian cues, profit booking
Gold prices for delivery in October declined by 0.09%
 "Gold futures marginally down by 0.1% on Asian cues, profit booking")
Crude oil down 0.3% on weak Asian cues
Crude oil for September delivery moved down by 0.21%
 "Crude oil down 0.3% on weak Asian cues")
Onions sold at wholesale rates in Odisha
At least 37 fair price shops started to sell onions of Nasik quality at Rs 45 per kg
 "Onions sold at wholesale rates in Odisha")
Govt to hold meeting on rising onion prices
Farm Min opposes export ban
Indian scientists to come out with drought-resistant rice variety in a year
Variety to help farmers tide over floods and droughts both
 "Indian scientists to come out with drought-resistant rice variety in a year")
CAD Jitters: Customs duty on gold, platinum and silver raised to 10%
Industry players say move will increase smuggling
 "CAD Jitters: Customs duty on gold, platinum and silver raised to 10%")