Page 889 - Commodity News
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%")
Palm imports seen falling as rupee slumps to record
Inbound shipments fell 8.2% to 550,000 tonnes in July from 599,128 tonnes a year earlier
 "Palm imports seen falling as rupee slumps to record")
Tyre production drops, export rides high
Production in all categories of tyres fell about two per cent in FY13 compared to FY12, while exports rose six per cent
Jewellers attract customers through offers
PC Jeweller which runs a gold accumulation 'Value for Money' scheme with over 16% annual returns has started shipping jewellery free
 "Jewellers attract customers through offers")
China eats into India's share in ferro chrome market
Export duty at 30% amid lower demand makes exports unviable
More help for weaving, powerlooms from Textiles Min fund
The weaving sector is expected to get six per cent interest rate subvention, up from the present five per cent
 "More help for weaving, powerlooms from Textiles Min fund")
Gold hits 4-month high, rises as much as Rs 830 on duty hike
Sustained buying by stockists and jewellers ahead of the festive and marriage season also influenced prices
 "Gold hits 4-month high, rises as much as Rs 830 on duty hike")
Gold prices to jump by Rs 600 after duty hike
Industry opposes hike, says it will not lead to fall in import, but will encourage smuggling
 "Gold prices to jump by Rs 600 after duty hike")
Nickel up 1.1% on spot demand, overseas cues
Nickel for September contract added 1%
 "Nickel up 1.1% on spot demand, overseas cues")
Rubber production drops 32.4% in July
Production was 46,000 tonne versus 68,000 tonne last July
 "Rubber production drops 32.4% in July")
Rubber production drops 32.4% in July
Heavy rain during July had affected natural rubber production very badly
 "Rubber production drops 32.4% in July")
Mentha oil up 0.7% on industrial demand
Speculators created fresh positions, driven by increased industrial demand in the spot market
 "Mentha oil up 0.7% on industrial demand")
Copper extends gains by 0.6% on global cues
Copper for delivery in November traded higher by 0.52%
 "Copper extends gains by 0.6% on global cues")
Crude palm oil up 1.4% on spot demand, global cues
Good demand in the spot market amid a firm global trend influenced prices
 "Crude palm oil up 1.4% on spot demand, global cues")
Potato falls by 1.5% on increased supply
Offloading of positions by speculators due to subdued demand in spot market affected the prices
 "Potato falls by 1.5% on increased supply")
Cardamom falls by 4% on profit-booking
Profit-booking by speculators at prevailing higher levels affected cardamom prices
 "Cardamom falls by 4% on profit-booking")
Silver futures regain by 0.4%
Gains in the precious metals in the overseas markets influenced prices
 "Silver futures regain by 0.4%")
Gold futures up by 0.4% on global cues
Speculators engaged in creating positions amid a firming trend overseas
 "Gold futures up by 0.4% on global cues")
 "CFTC issues notice to metals warehousing company as probe heats up")
GJM strike takes a toll on Darjeeling tea industry
According to the latest figures by ITA, Darjeeling tea output stood at 2.39 mn kg in January-May 2013, against 2.24 mn kg in the year-ago period
 "GJM strike takes a toll on Darjeeling tea industry")