Page 916 - Commodity News
Banks reworking gold import regime
Imports in June and July expected to be much lower then May's 162 tonnes; could rise once new supply system in jewellery trade is in place
 "Banks reworking gold import regime")
 "Challenge of making Nalco the star it once was")
KIOCL plans to resume pellet exports this year
The company has asked railways to alter its differential tariff policy
 "KIOCL plans to resume pellet exports this year")
Hilly, NE states might get more sugar subsidy
States complain of costs in lifting the quantities themselves; mills find price offered for supplying to these areas unviable
 "Hilly, NE states might get more sugar subsidy")
Gold recovers at futures trade, up 0.3%
Gold for the August contracts recovered to trade 0.19% higher
 "Gold recovers at futures trade, up 0.3%")
Urea import in Apr-June quarter up by 48%
Urea is imported mainly by the government's three canalising agencies- IPL, MMTC, STC
 "Urea import in Apr-June quarter up by 48%")
Gold imports fall over 80% in June
India is the largest importer of gold and is mainly utilised to meet demand of the jewellery industry
 "Gold imports fall over 80% in June")
India Ratings & Research maintains negative outlook for edible oil sector
In May 2013, proportion of refined palm oil as proportion of overall palm imports surged to an all-time high of 42% from earlier range of 12-16%
 "India Ratings & Research maintains negative outlook for edible oil sector")
Zinc down 0.1% on global cues
Zinc prices for delivery in August declined by 0.26%
 "Zinc down 0.1% on global cues")
Castorseed improve by 1.4% on fresh buying
Most active near August contract too moved up by 1.18%
 "Castorseed improve by 1.4% on fresh buying")
Chana down 0.8% on subdued demand
Chana for July contract traded lower by 0.56%
 "Chana down 0.8% on subdued demand")
Nickel marginally down by 0.3% on global cues, subdued demand
Nickel for delivery in July traded lower by 0.27%
 "Nickel marginally down by 0.3% on global cues, subdued demand")
Lead down 0.4% on subdued demand
Lead for delivery in August traded lower by 0.44%
 "Lead down 0.4% on subdued demand")
Crude palm oil marginally up by 0.1% on spot demand
The oil for delivery in July contract edged up by 0.04%
Gold futures slip below 26k level, down 0.4% on global cues
Gold for October contract traded lower by 0.35%
Copper down 0.2% on global cues
Copper for delivery in August traded lower by 0.20%
 "Copper down 0.2% on global cues")
Silver futures down 0.7% on weak global cues
Silver for delivery in September lost 0.62%
 "Silver futures down 0.7% on weak global cues")
Cardamom down 0.7% on profit-bookings
Cardamom for delivery in August traded lower by 0.36%
 "Cardamom down 0.7% on profit-bookings")
Mentha oil down 1.9% on weak demand, higher supply
Mentha oil for delivery in August lost 1.97%
 "Mentha oil down 1.9% on weak demand, higher supply")
Potato down 0.9% on sluggish demand
The potato for delivery in August also traded lower by 0.80%
 "Potato down 0.9% on sluggish demand")