Page 977 - Commodity News

Aluminium rises almost 1% on spot demand

Prices edged up as participants enlarged their positions

Zinc up 0.8% on overseas cues

Prices edged up as speculators enlarged positions

Nickel down 0.3% on subdued demand

Prices moved down as speculators reduced their position

Copper up 0.3% on firm global cues

Prices rose due to increased domestic demand

Lead up 0.5% on overseas cues

Prices rose on rising spot demand

Crude oil futures firm up on overseas cues

Prices went up as speculators created fresh positions

Market pulse for agro commodities : Mangal Keshav

Arrivals of jeera crop declined to about 19,000- 20,000 bags & the same were traded at auctions held at Unjha market

Market pulse for key metals and energy : Mangal Keshav

Crude stocks rose by 6.7mn barrels last week to a record 395.3mn barrels, Gasoline stockpiles last week fell 1.8mn barrels while stocks of distillates rose 500,000 barrels. Refinery utilization rose 0

Oil rebounds in Asia on bargain hunting

Analysts say prices would continue to be weighed down by signs of weaker demand

Gold coins of 10gm will also attract TCS at 1%

Currently, sale in cash of bullion in excess of Rs 2 lakh or jewellery in excess of Rs 5 lakh is subject to TCS

Indian Oil Corp cuts petrol prices by 4.5%

Prices down as global prices of the fuel have declined and as the rupee appreciated against the dollar

Govt may trim 2013-14 wheat procurement target

However, this will not have any impact on the PDS as wheat stocks in state-run warehouses are more than three times the required quantity

Gems and jewellery exports fall 9% in 2012-13

Shipment of gems and jewellery makes up about 14% of India's total exports

Margins of jewellery exporters will improve: Vipul Shah

Interview with Chairman, GJEPC

Amul raises milk prices by Rs 2/litre in Delhi

An increase of 5-8% expected in other regions, too; other dairies to follow suit

Govt bans gold trading activities in SEZs

SEZs are allowed duty-free imports as opposed to a maximum of 6% charged on imports by other entities

Groundnut exports down by 48% in last two months

Apeda's new regulation adversely affecting exports, forcing shelling units to shut down

Gold futures dip below Rs 27k level on global cues

Likewise, the August delivery was down by Rs 175, or 0.64% to Rs 27,363 per ten gram in a turnover of 469 lots

Aluminium weakens 0.2% on global cues

Subdued spot markets demand weighed on metal prices

Mentha oil down 0.8% on weak demand

Increased arrivals from producing belts affected the trade