Page 948 - Commodity News
Chana up 0.4% on spot demand
Chana for delivery in August traded higher by 0.36%
 "Chana up 0.4% on spot demand")
Gold futures dip below 27k level, down Rs 335 on global cues
Gold for delivery in October month declined by 1.20%
 "Gold futures dip below 27k level, down Rs 335 on global cues")
Chilli down 1.6% on weak spot cues
According to marketmen increased supply and reduced offtake in physical markets mainly led the fall here in futures markets
 "Chilli down 1.6% on weak spot cues")
Cardamom prices gain 1% on rising demand
Cardamom for delivery in August edged up by 0.44%
 "Cardamom prices gain 1% on rising demand")
Mentha oil up 1.5% on strong demand
Mentha oil for July delivery traded higher by 1.55%
 "Mentha oil up 1.5% on strong demand")
Potato up 0.6% on higher demand
The potato for delivery in August traded higher by 0.43%
 "Potato up 0.6% on higher demand")
Crude palm oil down 0.1% on overseas trend
Crude palm oil for delivery in July traded lower by 0.14%.
 "Crude palm oil down 0.1% on overseas trend")
Copper down 1.8% on weak overseas cues
Copper for delivery in August shed 1.68%
 "Copper down 1.8% on weak overseas cues")
Nickel down 1.6% on sluggish demand, global cues
Nickel for delivery in July traded lower by 1.65%
 "Nickel down 1.6% on sluggish demand, global cues")
Kharif sowing picks up in Karnataka
Last year, production couldn't meet the target due to a drought across the state-of the 176 taluks, 126 taluks were reeling under drought
 "Kharif sowing picks up in Karnataka")
Consumers stay away from fresh gold purchases despite price fall
A drastic decline in the rupee restricted the quantum of price fall in the domestic market
 "Consumers stay away from fresh gold purchases despite price fall")
Duty drawback for gold jewellery raised 72%
Duty drawback is the reimbursement of Customs duty paid by jewellers
 "Duty drawback for gold jewellery raised 72%")
Gold rebounds on strong demand, global firmness
Silver also rose sharply on heavy speculative as well as industrial off-take
Copper rises as aluminum nears longest losing streak since 1987
Copper also climbed as imports of refined metal into the nation rebounded from the lowest level in almost two years
Seed firms upbeat on robust kharif sowing
Last year, Indian seed companies had sold about 42 mn packets (of 450g each) of cotton seeds
 "Seed firms upbeat on robust kharif sowing")
Gold falls on the lack of buying support
Stockists stay away from fresh orders due to poor lean season demand
 "Gold falls on the lack of buying support")
GJF suggests slew of measures on gold front
GJF recommended slew of measures to bring down gold imports as well as to ensure smooth supply of the metal for survival of jewellery businesses
Spices exports up 22% in FY'13 to 7 lakh tonnes
In terms of value, spices exports increased by 14% during last fiscal
 "Spices exports up 22% in FY'13 to 7 lakh tonnes")
Soyabean prices down 1.2% on weak global cues
Soyabean for delivery in October slipped by 1.12%
 "Soyabean prices down 1.2% on weak global cues")
Chilli up 1% on spot demand
Chilli for delivery in August contract traded higher by 0.8%