Page 890 - Commodity News
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")
Why are leading steelmakers circumspect about new ventures?
There is increased attention on debt reduction and banks aren't particularly excited to fund steel projects
 "Why are leading steelmakers circumspect about new ventures?")
Precious metals get more so
Duty rise fear spreads from Chidambaram's assurance on CAD; merchants rush to book, with bullion dealers' sales up 25%
 "Precious metals get more so")
Low-grade ore may help tackle steel headache
India's steel imports rose 15 per cent to an all-time high of 7.87 million tonnes, worth $6 billion, during the fiscal year to March 2013
 "Low-grade ore may help tackle steel headache")
Cotton exports dip by 31 pc in 2012-13; imports rise
Outbound shipments stood at 14.17 million bales in 2011-12
 "Cotton exports dip by 31 pc in 2012-13; imports rise")
Gold prices up Rs 405 per 10 gm to cross Rs 29,000 level
Silver price stood at Rs 44,120 per kg in Delhi compared with Rs 42,750 per kg on Saturday
 "Gold prices up Rs 405 per 10 gm to cross Rs 29,000 level")
Onion prices spurts 40% in Lasalgaon to Rs 46/kg
Prices went up due to higher demand as markets were closed in Nashik on account of Eid
 "Onion prices spurts 40% in Lasalgaon to Rs 46/kg")
Potato futures rise 3% as demand picks up
Speculators created fresh positions, driven by increased buying in spot market amid fall in supplies
 "Potato futures rise 3% as demand picks up")
Fish prices increased 131% in 5 years : ASSOCHAM
Growing appetite for fish, over-exploitation of stock in the country hiked fish prices
 "Fish prices increased 131% in 5 years : ASSOCHAM")
Crude palm oil futures up on global cues
Oil prices for August contract increased by 0.51%
 "Crude palm oil futures up on global cues")
Mentha oil falls by 2.1% on profit-booking
A weak demand from consuming industries in the spot market also affected the prices
 "Mentha oil falls by 2.1% on profit-booking")
Cardamom up by 4% on spot demand
Tight stocks position in the spot market following lower arrivals influence the prices
 "Cardamom up by 4% on spot demand")
Zinc down by 0.1% on profit-booking
Firm global cues restricted the losses
Nickel down by 0.2% on profit-booking
Speculators booked profits amid subdued spot demand
 "Nickel down by 0.2% on profit-booking")
Copper up by 0.1% on global cues
A firming trend in metals in the global market influenced copper prices
 "Copper up by 0.1% on global cues")
Silver futures climb 2.7% on firm global cues
Precious metals rebounded in global markets
 "Silver futures climb 2.7% on firm global cues")
Gold surges 1.5% in futures trade on global cues
A firming trend in the domestic spot markets on the back of increased buying influenced prices
 "Gold surges 1.5% in futures trade on global cues")
Onion prices soars to Rs 60 per kg in Delhi's retail market
Supply has substantially come down in Delhi to 6,000 quintal from 11,480 quintals ten days ago