Page 895 - Commodity News
Mentha oil declines by 0.8% on profit-booking
Adequate stocks position due to increased arrivals from Chandousi in Uttar Pradesh also put pressure on mentha oil
 "Mentha oil declines by 0.8% on profit-booking")
Crude palm oil rises by 1.3% as demand picks up
Fresh positions were created by speculators due to pick up in demand in the spot market
 "Crude palm oil rises by 1.3% as demand picks up")
Oil prices slip as Libyan production bounces
Libyan oil production eases concerns about global supply
 "Oil prices slip as Libyan production bounces")
Volumes of precious metals tumble on MCX
October gold futures were trading at a discount of about Rs 550/10 g to the August contract in the evening session
 "Volumes of precious metals tumble on MCX")
Clamps enough for now: Sharma
Says more restrictions would boost smuggling; prefers consumers now being offered alternatives in gold-based investments
 "Clamps enough for now: Sharma")
Copper edges lower as China demand concerns weigh
Copper prices closed up for the first week in three on Friday, by 2%, but are facing losses of 12% on the year
 "Copper edges lower as China demand concerns weigh")
Export value-addition norm could be raised
The value-addition norm for gold export is three per cent
 "Export value-addition norm could be raised")
Tuticorin salt industry done in by high costs
The state government is taking back 1,500 acres of land used for salt farming
 "Tuticorin salt industry done in by high costs")
Textiles export growth flat at $7.8 bn in Apr-Jun qtr
In 2012, volatility in major markets including US, EU affected severely India's textiles and clothing exports, says Panabaaka Lakshmi
 "Textiles export growth flat at $7.8 bn in Apr-Jun qtr")
Castor seed gains by 2.3% on fresh buying
Marketmen said traders preferred to built new positions at existing lower levels amid rising spot demand
 "Castor seed gains by 2.3% on fresh buying")
Maize up by 2.2% on global cues
Restricted supply and pick up in domestic demand also gave a push to the prices
 "Maize up by 2.2% on global cues")
Chana up by 0.7% on spot demand
Speculators increasing their holdings after a rise in demand in the spot market
 "Chana up by 0.7% on spot demand")
Potato up by 2.3% on rising demand
Restricted arrivals from producing regions mainly pushed up potato prices
 "Potato up by 2.3% on rising demand")
Refined soya falls by 0.5% on sluggish demand
Speculators reduced their holdings amid sluggish demand in the spot market against adequate stocks position
 "Refined soya falls by 0.5% on sluggish demand")
Nickel down by 0.7% on weak demand, global cues
Speculators reduced their positions on weak demand from alloy-makers in the spot market
 "Nickel down by 0.7% on weak demand, global cues")
Zinc down by 0.4% on low spot demand
A weak global trend also affected the prices of zinc
 "Zinc down by 0.4% on low spot demand")
Copper falls by 0.4% on weak global cues
Off-loading of positions by speculators caused the fall in copper prices
 "Copper falls by 0.4% on weak global cues")
Gold futures up 0.4% on firm global cues
A firming trend in the overseas markets influenced gold prices
 "Gold futures up 0.4% on firm global cues")
Crude palm oil futures fall 0.4% on overseas cues
Speculators offloaded their positions in tandem with a weak global trend