Page 912 - Commodity News
Gold imports likely to remain low in Q2
shipments of the precious metal could increase from November onwards with demand rising, following marriage and festival season
 "Gold imports likely to remain low in Q2")
Spread between WTI & Brent crude near 33-month low
Spread between Brent crude and WTI at 33 month low, to widen next year
 "Spread between WTI & Brent crude near 33-month low")
Small tea growers seek plantation sector status
India produced 1,135 million kg of tea in FY13
 "Small tea growers seek plantation sector status")
OMC slashes iron ore rates by 18% on weak cues
All the rates are ex-mine basis and include royalty
 "OMC slashes iron ore rates by 18% on weak cues")
Copper falls by 0.39% on global cues
Tracking a weak global trend, copper prices fell by 0.39% to Rs 421.40 per kg
 "Copper falls by 0.39% on global cues")
Lead falls by 0.36% on low demand
Speculators reduced their holdings driven by a weak demand in the spot market.
 "Lead falls by 0.36% on low demand")
Chana extend losses by 1.06% on sluggish demand
Sluggish demand at spot markets against sufficient supplies from producing regions mainly kept pressure on chana prices
 "Chana extend losses by 1.06% on sluggish demand")
Potato weakens by 0.12% on adequate supply
Slackened demand against adequate supplies on increased arrivals from producing region influenced potato prices
 "Potato weakens by 0.12% on adequate supply")
Gold futures down by 0.22% on weak global cues
Profit-booking by speculators put pressure on the gold prices at futures trade
 "Gold futures down by 0.22% on weak global cues")
Mentha oil further falls by 0.22% on subdued demand
Adequate stocks position on higher supplies from Chandausi in Uttar Pradesh further fuelled the downtrend
 "Mentha oil further falls by 0.22% on subdued demand")
Silver futures down 0.45% on profit-booking
Apart from the profit-booking by participants, a weak trend in the Asian region led to the fall in silver prices
 "Silver futures down 0.45% on profit-booking")
Cardamom falls by 4% on sluggish demand
Speculators engaged in reducing exposures amid a weak trend at spot market on sluggish demand
 "Cardamom falls by 4% on sluggish demand")
Crude palm oil further down by 0.49% on global cues
Speculators offloading positions amid a weak global trend contributed to the extended losses
 "Crude palm oil further down by 0.49% on global cues")
Natural rubber production falls 12.9% in June
Heavy rainfall disrupted the tapping of the commodity across Kerala
 "Natural rubber production falls 12.9% in June")
Metals surge on Fed's 'sustaining stimulus' comment
Analysts believe the rise is short term, metals to follow their normal 'weakening' trend soon
 "Metals surge on Fed's 'sustaining stimulus' comment")
Delay in statutory approvals cripples Karnataka's mining industry
Around 25 are still awaiting various approvals from the authorities
 "Delay in statutory approvals cripples Karnataka's mining industry")
Indian dairy firms eye Southeast Asia
Skimmed milk powder export to the region could rise to 10,000 tonnes from the present 5,000 tonnes
 "Indian dairy firms eye Southeast Asia")
US trade body to review duties on PET imports from India
The review is important to the Indian petrochemical sector
Rise in natural rubber price puts SMEs in a tight spot
Two years ago around 500 units had shut operations when the price crossed Rs 200 per kg
IEA raises oil demand outlook
Says that in 2014 emerging economies will drive demand to a record 92.0 million barrels per day
 "IEA raises oil demand outlook")