Page 923 - Commodity News
Sugar down 0.5% on weak demand, ample supply
Sugar for delivery in the August contract declined by 0.49%
 "Sugar down 0.5% on weak demand, ample supply")
Chana remain weak by 1.1% on supply pressure
Chana for delivery in August contract lost 0.31%
 "Chana remain weak by 1.1% on supply pressure")
Potato up by 1% on strong demand
The potato for delivery in July contracts gained 0.12%
 "Potato up by 1% on strong demand")
Crude palm oil extend losses by 0.1% on subdued demand
Crude oil for delivery in July contract weakened by 0.04%
 "Crude palm oil extend losses by 0.1% on subdued demand")
Mentha oil remain up by 0.3% on rising demand
The oil for delivery in the July contract moved up by 0.27%
 "Mentha oil remain up by 0.3% on rising demand")
Cardamom down 0.5% on profit-booking
Cardamom for delivery in August contract traded lower by 0.42%
 "Cardamom down 0.5% on profit-booking")
Nickel down 0.3% on global trends, subdued spot demand
Nickel for delivery in July traded lower by 0.29%
 "Nickel down 0.3% on global trends, subdued spot demand")
Lead down 0.6% on global trend, subdued domestic demand
Subdued demand from battery-makers in the domestic market led to a fall in lead futures prices
 "Lead down 0.6% on global trend, subdued domestic demand")
Copper down 0.5% on weak global cues
Copper for delivery in June traded lower by 0.50%
 "Copper down 0.5% on weak global cues")
Gold futures down 0.9% on weak global cues
Gold for delivery in August month contracts shed by 0.86%
 "Gold futures down 0.9% on weak global cues")
Food Corp secures good price for wheat exports
The reserve price for the export of two lots of wheat - 2 and 2.5 million tonnes - was fixed at $228 a tonne and $300 a tonne, respectively
 "Food Corp secures good price for wheat exports")
Sliding rupee hits metal scrap import
Secondary producers find margins squeezed, being unable to pass on higher costs to consumers
 "Sliding rupee hits metal scrap import")
Asia coffee premiums jump to $200/tonne
Supply crunch sends premiums to multi-month highs
 "Asia coffee premiums jump to $200/tonne")
Gold traders struggle to get supplies; premiums steady
In a bid to contain the record current account gap, the government banned consignment imports
 "Gold traders struggle to get supplies; premiums steady")
Daitari mines closure to hit Visa Steel, Bhushan Steel, NINL
In FY13, the Daitari mines had recorded production of 703,440 tonnes of ore
 "Daitari mines closure to hit Visa Steel, Bhushan Steel, NINL")
Breaking the CTT code
The revenue department has used a specious argument to include processed agricultural commodities in the commodities transaction tax
Coconut processing, value-addition get impetus
Projects worth Rs 95 cr sanctioned in Kerala, Karnataka, Tamil Nadu and Andhra Pradesh
 "Coconut processing, value-addition get impetus")