Page 903 - Commodity News
Vizhinjam port to impact fishing, damage beaches, says study
The project will be developed in three phases, and is expected to be commissioned by 2016
Dhaanya Index down on lower agri commodities' prices
The Index which has 10 largely traded agri commodities as constituents has moved down by 51.33 point to 2,164.22 on day
 "Dhaanya Index down on lower agri commodities' prices")
Imported urea cost come down by around 20% in Q1 of 2013-14
The government has lowered the fertiliser subsidy marginally to Rs 65,971.50 cr for the current fiscal
 "Imported urea cost come down by around 20% in Q1 of 2013-14")
Castor seed falls by 2.6% on strong selling
prospects of higher production this season mainly influenced the market sentiment
 "Castor seed falls by 2.6% on strong selling")
Potato up by 1.9% on rising demand
Tight stocks availability in the physical market following less arrivals from producing regions influenced potato prices
 "Potato up by 1.9% on rising demand")
Chana down by 1.6% on weak demand, adequate supply
Speculators offloaded their positions on the back of weak demand in the spot market against adequate supplies
 "Chana down by 1.6% on weak demand, adequate supply")
Silver futures slide 0.6% on weak global trend
A weak trend in the precious metals overseas amid speculation influenced silver prices
 "Silver futures slide 0.6% on weak global trend")
Gold futures down by 0.4% on global cues
Fall in gold futures was mostly attributed to profit-booking by speculators and a weak trend overseas
 "Gold futures down by 0.4% on global cues")
Mentha oil falls by 1.1% on weak demand
Speculators offloaded positions partially driven by weak demand in the spot market
 "Mentha oil falls by 1.1% on weak demand")
Crude palm oil declines by 1% on global cues
Speculators reduced exposures tracking a weak global trend
 "Crude palm oil declines by 1% on global cues")
Cardamom up by 0.3% on rising demand
Rising demand in the spot market against limited arrivals from producing regions supported cardamom prices
 "Cardamom up by 0.3% on rising demand")
Zinc down by 0.3% on subdued demand
Speculators reduced positions amid sluggish domestic demand and weak global trend
 "Zinc down by 0.3% on subdued demand")
Crude oil down by 0.4% on weak Asian cues
A weak trend in Asian trade influenced crude oil prices
 "Crude oil down by 0.4% on weak Asian cues")
Nickel down by 0.3% on global trends, subdued spot demand
A weakening trend overseas amid subdued spot demand affected nickel prices
 "Nickel down by 0.3% on global trends, subdued spot demand")
Lead down by 0.2% on global trend
Subdued demand from battery-makers in the domestic spot market affected lead prices
 "Lead down by 0.2% on global trend")
Copper falls 0.2% on weak global cues
Weak global cues after manufacturing in China weakened influenced copper prices
 "Copper falls 0.2% on weak global cues")
Gold scrap supply likely to drop up to 25%
Scrap bullion supply could fall by 300 to 400 tonnes in 2013 from about 1,600 tonnes last year
 "Gold scrap supply likely to drop up to 25%")
Chhattisgarh govt bans rice transportation from state
The decision came following rice millers' reported reluctance over custom milling of paddy provided by the state government
 "Chhattisgarh govt bans rice transportation from state")
Ministerial group mulls help for garment exporters
Proposals include flexibility in greater labour laws
 "Ministerial group mulls help for garment exporters")
Steel firms oppose move to lift restriction on iron ore export
Domestic iron ore output in FY14 set to drop to around 110 MT, lowest in recent years
 "Steel firms oppose move to lift restriction on iron ore export")