Page 919 - Commodity News
Mentha oil down 0.7% on profit-booking
Mentha oil prices for delivery in August contract traded lower by 0.71%
 "Mentha oil down 0.7% on profit-booking")
Zinc down 0.6% on subdued demand, weak global cues
The metal prices for delivery in August traded lower by 0.57%
 "Zinc down 0.6% on subdued demand, weak global cues")
Copper down 0.9% on overseas cues; profit-booking
Copper prices for delivery in far-month November shed 0.88%
 "Copper down 0.9% on overseas cues; profit-booking")
Lead down 0.5% on profit-booking, global cues
Lead for delivery in August traded lower by 0.52%
 "Lead down 0.5% on profit-booking, global cues")
NCDEX gets FMC nod to cut staggered delivery period to 10 days
The delivery period will be reduced with effect from the August 2013 expiry onwards
 "NCDEX gets FMC nod to cut staggered delivery period to 10 days")
Coffee prices may rise 15% on supply woes
Supply worries owing to drought in Vietnam and fungus attacking coffee beans in Central American nations may hit coffee production
 "Coffee prices may rise 15% on supply woes")
FIPB rejects Mauritius firm's MCX stake sale plan via IPO
Sebi granted post facto approval to MCX's IPO with a condition that MCX would obtain FIPB approval for the stake sale of Alexandra Mauritius through IPO
 "FIPB rejects Mauritius firm's MCX stake sale plan via IPO")
Heavy crop damage in hilly states lifts onion, potato prices
Stockists hold on to onion expecting further price rise as new crop will hit the market only in October
 "Heavy crop damage in hilly states lifts onion, potato prices")
Coffee exports down 4.45% during January-June period
Less improvement in the global price situation has led to country's lowered coffee shipments to 1,91,055 tonnes during Jan-June period, 2013
Second flush Assam tea production affected by erratic weather
Barooah predicted that tea output in India might reach a record of 1.13 billion kg from 1.11 billion kg last year, as monsoon this year is expected to be normal
 "Second flush Assam tea production affected by erratic weather")
Castorseed up 1% on short covering
Current July contract prices gained by 0.91%
 "Castorseed up 1% on short covering")
Gold rallies for fourth day, up Rs 100 on sustained buying
However, silver met with some resistance at prevailing high levels and declined by Rs 50 to Rs 41,250 per kg
 "Gold rallies for fourth day, up Rs 100 on sustained buying")
Maize slips 1.8% on weak physical demand
Mounting of stocks on increased supply of fresh crops against reduced off take in markets mainly led to fall in prices
 "Maize slips 1.8% on weak physical demand")
Chana extend losses by 1.3% on monsoon rains
Better monsoon rains in growing regions, adequate stocks position in the spot market, mainly put pressure on Chana prices
 "Chana extend losses by 1.3% on monsoon rains")
Barley down 1.8% on weak spot demand
According to marketmen increased supply and reduced offtake in physical markets mainly led the fall
 "Barley down 1.8% on weak spot demand")
Potato up 1.1% on firm spot demand
Potato prices for July contract also higher by 0.78%
Aluminium prices up 0.7%
Aluminium prices for delivery in August traded higher by 0.69%
 "Aluminium prices up 0.7%")
Crude palm oil up over 1% on spot demand
Crude palm oil prices for delivery in August moved up by 1.02%
 "Crude palm oil up over 1% on spot demand")
Cardamom down 2.1% for 3rd straight day on weak demand
Cardamom prices for delivery in August declined by 1.33%
 "Cardamom down 2.1% for 3rd straight day on weak demand")
Mentha oil rises 1.4% on fresh buying
Mentha oil prices for delivery in August rose by 1.3%