Page 947 - Commodity News
Nickel spurts on heavy demand
Nickel shot up to Rs 975 from Monday's closing level of Rs 965
 "Nickel spurts on heavy demand")
Castorseed down 1.1% on selling pressure
Castorseed for the July contract declined by 1.13%
 "Castorseed down 1.1% on selling pressure")
Chana slip by 0.3% on increased supply
Chana for delivery in August shed by 0.24%
 "Chana slip by 0.3% on increased supply")
Sugar down by 0.2% on subdued demand
Sugar for delivery in August shed by 0.23%
 "Sugar down by 0.2% on subdued demand")
Silver futures decline 0.3% on sluggish demand, global cues
According to analysts weakening global trend mainly kept pressure on silver prices at futures trade
 "Silver futures decline 0.3% on sluggish demand, global cues")
Gold futures slide 0.4% on weak global cues
Gold for delivery in August traded lower by 0.37%
 "Gold futures slide 0.4% on weak global cues")
Crude palm oil weaken by 0.24% on subdued demand
Crude palm oil for delivery in June traded lower by 0.16%.
 "Crude palm oil weaken by 0.24% on subdued demand")
Lead down 1% on weak demand, global cues
Lead for delivery in July traded lower by 1.04%
 "Lead down 1% on weak demand, global cues")
Mentha oil up 1% on higher demand
Mentha oil for delivery in June traded higher by 1.01%
 "Mentha oil up 1% on higher demand")
Cardamom rise 0.2% on increased demand
According to analysts limited arrivals from producing region mainly influenced cardamom prices at futures trade
 "Cardamom rise 0.2% on increased demand")
Potato down 0.7% on sluggish demand
The potato for delivery in August shed by 0.62%
 "Potato down 0.7% on sluggish demand")
Copper down 1.1% on global cues
Market analysts attributed the fall in copper futures to a weak global trend
 "Copper down 1.1% on global cues")
Seafood export target set at $4.3 billion for FY14
Increased production of Vannamei shrimp, quality control steps and better infra for production of value-added items may help in achieving the target
 "Seafood export target set at $4.3 billion for FY14")
 "Steel, cement cry for a boom in real estate development")
KIOCL might partner NMDC for pellet plant
NMDC is setting up a 1.8-million-tonne-per-annum (mtpa) beneficiation plant and a 1.2-mtpa pellet plant at an investment of Rs 650 crore
 "KIOCL might partner NMDC for pellet plant")
Co-ops to supply PDS sugar to states
Private mills will have to depend on open market as states, demand would go these
 "Co-ops to supply PDS sugar to states")
Low demand brings down groundnut oil prices
Reaches two year low as people shift to other edible oils like cotton seed, palm, soya
 "Low demand brings down groundnut oil prices")
Cheaper imported cashew hits Palasa
Till a month ago, domestic traders were selling at Rs 300 per kg but now the same is being sold at Rs 240
 "Cheaper imported cashew hits Palasa")
Brent crude slips further on China growth worries
The international benchmark tumbled nearly 5 percent last week in its biggest weekly drop since early April
 "Brent crude slips further on China growth worries")