Page 914 - Commodity News

Falling rupee may dent diamond-demand growth: De Beers

Indian shoppers spent 9% more on diamonds last year in rupee terms. Measured in dollars, demand dropped 5%

Jewellers to stop selling gold bars, coins

Small and large jewellers, manufacturers, major jewellery retail chains have committed to the GJF to stop sales

Jewellers may ban gold coin, bar sales for six months

All India Gems and Jewellery Trade Federation, which has more than 40,000 members, said over 65% of jewellers had agreed to the ban on sales of bars and coins

Sugar import to stop after custom duty hike: Pawar

The minister also expressed confidence that there would not be any shortfall in production in the 2013-14 marketing year starting October

Gold import licence norms may be tightened

After curbs on currency derivative trading, these measures will make gold imports limited to actual users of gold in India

Jeera prices rise by 0.5%

Analysts attributed the rise in jeera futures to increased buying by speculators on pick up in overseas demand

Chana up 1.1% on rising spot demand

Chana for August contract edged up by 0.13%

Crude oil firms up by 1.14%, on overseas cues

Rise in crude oil futures was attributed to a firming trend in Asia buoyed by solid gains in US stocks and stronger demand.

Gold futures rises 0.1% on firm global cues

Gold prices for delivery in October edged up by 0.13%

Cardamom down 2.1% on profit-booking

Cardamom for delivery in August traded lower by 0.27%

Mentha oil extend gains, up 0.9% on strong demand

Restricted arrivals from Chandausi in Uttar Pradesh and some export enquiries fuelled the uptrend.

Crude palm oil up 0.7% as demand picks up

Crude palm oil for delivery in August moved up by 0.66%

Nickel down by 0.2% on global trends, subdued spot demand

Market analysts said that subdued demand from alloy-makers at domestic spot markets, mainly weighed on nickel prices.

Aluminium marginally down by 0.28%

Aluminium experienced a weakening trend after China's exports and imports declined unexpectedly amid low spot demand.

Lead down on global trend by 0.25%, subdued domestic demand

Analysts said that subdued demand from battery-makers in the domestic spot market led to a fall in lead futures prices.

Copper falls 0.5% on weak global cues

In November, Copper declined by Rs 1.95, or 0.47%, to Rs 412.60 per kg in 68 lots.

Zinc down 0.36% on low spot demand, global cues

Market analysts said that sluggish domestic demand in the domestic spot market, mainly influenced zinc prices at futures trade.

Oil prices edge higher in Asia

Buoyed by solid gains in US stocks and stronger demand in the world's biggest economy

Maharashtra drought to hit sugarcane production

Output would be 23.7 mn tonnes as compared to 25 mn tonnes in 2012-13

Sugar stocks surge on rise in import duty

Govt believes move would help clear Rs 9,000-cr cane payment arrears but industry says it won't, much more needed