Page 899 - Commodity News

Potash's $20-bn market transformed by Uralkali

China, India gain upper hand as potash cartel crumbles

The two Asian countries account for about 30% of global demand for crop nutrient potash

Pepper prices to be steady

In India, where the 2013 harvest was disappointing and excess monsoon has damaged the fresh crop's prospects

MMTC, jewellers consider ways to attract idle gold

Around 22,000 tonnes of gold is lying idle in the country without any use and the company is looking at bringing it out, purifying it and distributing again in the market

Stainless steel industry in dire straits

Cheap imports, rising raw material cost make output unviable; industry cuts capacity for survival

Gold bears trapped in futures market

Rupee fall and confusion in market due to RBI's new gold import policy have only added fuel to the fire

Coriander rises by 3% on high demand

Pick up in demand against less arrivals influenced coriander prices

Gold trading above Rs 29,000 in Mumbai

Rupee fall, confusion in market on RBI's new gold import policy have only added fuel to the fire

Castor seed recovers on fresh buying

Low levels buying by traders on a firming trend in spot markets influenced prices

Potato up by 3% on spot demand

Increased demand in the spot market against tight supplies influenced potato prices

Mentha oil declines by 1.9% on profit-booking

The fall in mentha oil prices at futures trade was mostly due to profit-booking by speculators

Crude palm oil up by 0.3% on global cues

Fresh buying by traders influenced prices

Cardamom up by 1.8% on spot demand

Tight stocks position in the spot market following lower arrivals from producing regions also influenced prices

Silver futures up 1.1% on global cues

Speculators built up fresh positions, tracking a firming overseas trend

Gold futures rise 0.9% on firm global cues

A firm trend in the overseas markets influenced gold prices

Zinc up by 0.9% on overseas cues, spot demand

Improved demand in the spot market amid a firming trend in base metals overseas influenced zinc prices

Aluminium rises by 0.5% on global cues, spot demand

Participants engaged in enlarging positions, supported by a firming overseas trend

Nickel up by 0.6% on global cues

Increased domestic demand from alloy-makers influenced nickel prices

Lead up by 0.8% on spot demand

Strong domestic demand from battery-makers influenced the prices of lead

Copper rises by 1.2% on global cues

Increased demand at domestic spot markets from consuming industries also influenced copper prices