Page 905 - Commodity News
Ban on onion exports won't impact domestic prices
Horticulture body says prices to cool down in next few weeks
 "Ban on onion exports won't impact domestic prices")
Pulses import bill to decline 25% on higher domestic output
Pulses import hit the record at 4.02 mn tonnes in 2012-13, an increase of 15% from the level of 3.50 mn tonnes in the previous year
 "Pulses import bill to decline 25% on higher domestic output")
Flying squads to tackle onion hoarding in Maharashtra
Rising mismatch and spiralling prices triggered the govt move
 "Flying squads to tackle onion hoarding in Maharashtra")
Should you buy gold now?
Though the metal is rebounding in international markets, further gains could be limited
 "Should you buy gold now?")
Gold surges on RBI measures, silver retraces Rs 42,000
The Reserve Bank of India late yesterday set fresh notification to tighten gold imports to check widening CAD
 "Gold surges on RBI measures, silver retraces Rs 42,000")
Coffee production is expected to go up by 9% in 2013-14
The final crop estimate based on crop harvest data for 2012-13 year is placed at 3.18 lakh tonnes
 "Coffee production is expected to go up by 9% in 2013-14")
Gold futures down by 0.2% on weak global cues
A weak trend overseas and profit-booking by speculators put pressure on gold
 "Gold futures down by 0.2% on weak global cues")
Onion prices more than double to Rs 36-40/kg in metros
In some markets, onion is being sold at more than Rs 40 per kg depending on localities and quality
 "Onion prices more than double to Rs 36-40/kg in metros")
Copper rises by 0.1% on global cues
Speculators enlarged their positions, tracking a firm global trend
 "Copper rises by 0.1% on global cues")
Potato gains by 3%, on strong demand
Speculators strengthened their positions, driven by strong demand in the spot market
 "Potato gains by 3%, on strong demand")
Zinc prices move up by 0.3% on higher global cues
Zinc for delivery in August contract edged up by same margin
 "Zinc prices move up by 0.3% on higher global cues")
Lead gains 0.3% on spot demand, global cues
Firm global trend supported the upsurge
 "Lead gains 0.3% on spot demand, global cues")
Chana extend losses, down by 0.7% on subdued demand
Chana for delivery in September traded lower by 0.76%
 "Chana extend losses, down by 0.7% on subdued demand")
Silver down 0.6% on profit-booking; global cues
Silver prices for delivery in September declined by 0.61%
 "Silver down 0.6% on profit-booking; global cues")
Crude oil up 0.3% on firm overseas cues
The crude oil prices for September also up by 0.27%
 "Crude oil up 0.3% on firm overseas cues")
Cardamom extend gains, up 0.6% on rising demand
Cardamom for delivery in September edged up by 0.08%
 "Cardamom extend gains, up 0.6% on rising demand")
Mentha oil up 0.9% on strong industrial demand
Tight stocks availability in the physical market due to less arrivals from producing region supported the uptrend
 "Mentha oil up 0.9% on strong industrial demand")
Crude palm oil up 0.1% as demand picks up
Crude palm oil for delivery in August edged up by 0.08%
 "Crude palm oil up 0.1% as demand picks up")
Gold hits 1-month high on global cues
Standard gold of 99.5 per cent purity shot up by Rs 440 to settle at Rs 27,325 per 10 gm from last Saturday's closing level of Rs 26,885
Govt scales down 2012-13 wheat output estimate by 2.55%
According to the latest advanced estimate, production of pulses is estimated to be at an all-time high of 18.45 mt in 2012-13 (July- June)
 "Govt scales down 2012-13 wheat output estimate by 2.55%")