Page 900 - Commodity News

Govt may allow states to raise PDS sugar prices

Government has decided to compensate states for selling sugar at cheap rates

Longer wait for iron ore may hit JSW's production

Delay in according statutory clearances to mine owners hits iron ore production in Karnataka

Byproducts increasingly saving sugar mills; no longer side issues

Mills opt to process byproducts 'round the clock' now from 'seasonal' earlier

Gold hit over 3-month high on rupee depreciation

Standard gold in Mumbai's popular Zaveri Bazaar shot up by Rs 285 to touch Rs 28,500 per 10 gram

Gold moves up 0.7% in futures trade on short-covering

Gold for delivery in August contracts moved up by 0.41%

Gold snaps 3-day gaining streak; down Rs 30 on global cues

However, silver recovered by Rs 345 to Rs 41,345 per kg on increased offtake by industrial units

Agri ministry proposes rise in import duty on refined oil

This will make import of refined edible oil expensive in comparison to crude edible oil import

Rice production may hit record this kharif season: Anwar

A good monsoon will help the production of rice

Castor seed falls by 1.5% on renewed selling

Speculators reducing their positions driven by weak trend in the spot market mainly pulled down prices

Aluminium up 0.5% on global cues, spot demand

Strong demand in the spot markets influenced metal prices

Coriander down 1.7% on profit-booking

Adequate stocks in the physical markets, increased arrivals from producing belts weakened the trading sentiment

Mentha oil extend losses by 0.5% on profit-booking

The oil for delivery in July declined by 0.42%

Nickel up by 0.5% on spot demand

Covering-up of pending short positions ahead of monthly settlement also supported the upside

Potato rises by 4% on high spot demand

Speculators continued to enlarge their positions, supported by the pick up in spot market demand

Cardamom falls 0.9% on profit-booking

Subdued demand in the spot market also kept pressure on cardamom prices

Zinc rises by 0.5% on short-covering

Rising demand in the spot market also influenced zinc prices

Lead up by 0.5% on firm spot demand

Good demand from battery-makers influenced lead prices

Oil prices down in Asian trade

Investors hope for clear signals on stimulus measures by Fed

Agri commodities' prices down on output prospects

Higher production this season, more acreage for next concerns farmers, excessive rainfalls may damage crops, though

Incessant rains damage soya crop in MP

Crop damage is extensive, however, higher authorities in state secretariat say there is no big loss to the crop