Page 917 - Commodity News
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")
Oil prices higher in Asian trade
Jobs data from US boosts confidence but strong dollar limits gains
 "Oil prices higher in Asian trade")
Gold imports likely to dip by about 24% to 38 tonnes in June
To curb demand, the government hiked the import duty on gold three times in a year
 "Gold imports likely to dip by about 24% to 38 tonnes in June")
Vegetables, fruit burn a hole in the pocket as prices go through the roof
A majority of people shifts to pre-cooked and ready-to-eat food to keep their food budget intact
 "Vegetables, fruit burn a hole in the pocket as prices go through the roof")
Textile ministry chalks out plan to reduce silk imports
Presently, India imports 6,000 tonnes of silk worth Rs 2,000 crore from China
 "Textile ministry chalks out plan to reduce silk imports")
Jewellers turn to diamonds, NRIs to beat gold policy woes
Jewellers such as Titan Industries and Gitanjali Gems are promoting diamond jewellery and opening more stores in cities such as Singapore and Dubai in an effort to spur sales
 "Jewellers turn to diamonds, NRIs to beat gold policy woes")
Gold, silver slide further on sluggish demand
Silver also slumped on heavy speculative selling coupled with lower industrial off-take
 "Gold, silver slide further on sluggish demand")
Food price rise pushes demand for pre-cooked, ready-to-eat food items
Fear of bad monsoon has suddenly hiked vegetable and fruit prices by about 300% from the farm to your dining table
 "Food price rise pushes demand for pre-cooked, ready-to-eat food items")
Vegetable price rise changes lifestyles of many
A majority of people shifts to precooked and ready-to-eat food to keep their kitchen budget intact
 "Vegetable price rise changes lifestyles of many")
Refined oil, sugar import to get costlier
Govt mulls import duty rise on RBD, raw sugar; domestic industry says not enough and wants much more
 "Refined oil, sugar import to get costlier")
Soymeal exports up 18% in June 2013, says SOPA
Export during June 2013 was 0.22 mn tonne against 0.19 mn tonne in June 2012
Gold, silver imports may have dipped to $2-2.5 bn in June
The govt raised gold import duties by 2% to 8% to curb gold demand
Oil meal exports up 12% in June
Oilmeals export stood at 3,11,089 tonnes in June 2012
 "Oil meal exports up 12% in June")
Oil prices rise above $100 post Egyptian military's coup d'etat
There are fears that the Egyptian unrest could spread to Middle East
Sugar futures up by 0.5% on govt's plans to hike import duty
Sugar prices for delivery in July moved up by 0.25%
 "Sugar futures up by 0.5% on govt's plans to hike import duty")
Potato down 1.6% on subdued demand
Potato for delivery in July slipped by 0.65%
Cardamom fall 1.3% on profit-bookings
Cardamom prices for delivery in August shed by 0.84%
 "Cardamom fall 1.3% on profit-bookings")
Mentha oil up 1.6% on export demand
Mentha oil prices for delivery in July higher by 1.55%
 "Mentha oil up 1.6% on export demand")
Crude palm oil down 0.5% on weak overseas cues
Crude palm oil prices for the September contract dropped 1.10%
 "Crude palm oil down 0.5% on weak overseas cues")
Nickel down 0.4% on sluggish demand, global cues
Nickel prices for delivery in August traded lower by 0.36%
 "Nickel down 0.4% on sluggish demand, global cues")