Page 974 - Commodity News
India's floriculture exports set to grow 17-20% in FY13
Between Apr' 12 & Feb' 13, India exported 23,000 tonnes of flowers worth Rs 385 cr, a growth of 16.6% over the corresponding period in the previous year
 "India's floriculture exports set to grow 17-20% in FY13")
RBI's curbs set to cut gold imports by a tenth
In 2012-13, about 230 tonnes of gold jewellery was exported, including round tripping, meaning export in the form of crude jewellery
 "RBI's curbs set to cut gold imports by a tenth")
Coriander up more than 1% on spot demand
Restricted arrivals from producing regions supported the trade
 "Coriander up more than 1% on spot demand")
Potato falls 0.7% on higher supply
Adequate stocks affected the trade
 "Potato falls 0.7% on higher supply")
Crude palm oil up 0.7% on global cues
Rising demand from China influenced crude palm futures trade here
 "Crude palm oil up 0.7% on global cues")
Govt notifies decision on partial sugar decontrol
Food Ministry has rescinded the control over sugar industry, especially on sugar sale in the open market and PDS, through Essential Commodities Act and Sugar Control Order
 "Govt notifies decision on partial sugar decontrol")
Chilli rises more than 1% on spot demand
Limited arrivals from producing belts supported the trade
 "Chilli rises more than 1% on spot demand")
Mentha oil rises as demand picks up
Less arrivals from Chandausi in UP supported uptrend
 "Mentha oil rises as demand picks up")
Sugar remains up on seasonal demand
However, higher supplies in the spot markets, capped the gains
 "Sugar remains up on seasonal demand")
Cardamom climbs more than 2% on strong demand
Restricted arrivals from producing regions supported the trade
 "Cardamom climbs more than 2% on strong demand")
Silver futures marginally up on global cues
A firming trend in precious metals in the global market on rising physical demand in China, influenced silver prices at futures trade here
 "Silver futures marginally up on global cues")
Gold futures recover on firm Asian cues
Rise in gold futures mainly in line with firming trend in overseas markets on the back of rising physical demand for gold in China
 "Gold futures recover on firm Asian cues")
Oil down in Asian trade on US supply glut
Market forecasts for a surge in US crude inventories dragged down oil prices
 "Oil down in Asian trade on US supply glut")
Wheat procurement likely to decline 8% in 2013-14
FCI expected to purchase 35 mt, against last year's 38 mt as yield in Punjab, Haryana to dip 10-15%
 "Wheat procurement likely to decline 8% in 2013-14")
Emami expects cost benefit from subdued mentha oil prices
The company consumed material worth Rs 715 crore in 2012-13
MMTC refinery eyes 100-tonne gold output in two years
MMTC Pamp refined and sold 45 tonnes of gold and 15 tonnes of silver in 2012-13
 "MMTC refinery eyes 100-tonne gold output in two years")
Copper at 3-wk high on economic optimism
The better-than-forecast increase in US job hirings in April, which pushed the unemployment rate to a four-year low
 "Copper at 3-wk high on economic optimism")
Odisha raises cap on iron ore output by 10%
The relaxation in ore production cap is expected to ensure greater availability for state industries
 "Odisha raises cap on iron ore output by 10%")
Retail gold buying soars in April after sharp selloff
Physical gold buying among private investors surged in April as they took advantage of bargain prices after bullion's historic sell-off, a survey by BullionVault showed on Tuesday
 "Retail gold buying soars in April after sharp selloff")
Gold, silver tumble on sluggish demand, global cues
Gold sheds Rs 220 to Rs 27,650 per 10 grams, Silver loses Rs 900 to Rs 45,300 a kg
 "Gold, silver tumble on sluggish demand, global cues")