Page 989 - Commodity News
Silver dips below 49k level, tracking global trend
A weakening trend at the spot markets due to subdued demand put pressure on the metal prices
 "Silver dips below 49k level, tracking global trend")
OMCs to pay 30% more to sugar mills
Analysts say the decision will increase sugar mills profitability by 25%
 "OMCs to pay 30% more to sugar mills")
Gems & jewellery exports may grow 15% in FY14: GJEPC
Demand in the US market is improving, but recovery in the European market would take some more time
 "Gems & jewellery exports may grow 15% in FY14: GJEPC")
Global gold prices slide to lowest since July 2011
This is due to pressure from losses on the wider financial markets
 "Global gold prices slide to lowest since July 2011")
Gold declines on frantic sell-off, hits multi-month low
Trading sentiments in India were hit by the precious metal's sharp correction in overseas markets in the last two days
 "Gold declines on frantic sell-off, hits multi-month low")
Lead up 0.1% on strong spot demand
Prices rose marginally on rising spot demand
 "Lead up 0.1% on strong spot demand")
Gold prices set for 2 % fall this week
It had touched a low of Rs 29,055 in the previous session, a level last seen on April 5
 "Gold prices set for 2 % fall this week")
Potato maintains upward march on increased demand
'Navratras' festival supported the trade
 "Potato maintains upward march on increased demand")
Mentha oil rises 0.9% on tight supply
Prices rose as speculators created fresh positions
 "Mentha oil rises 0.9% on tight supply")
Turmeric up 2% on short supply
Prices rose as speculators enlarged their positions
 "Turmeric up 2% on short supply")
Silver futures down 0.6% on lower global trend
Prices moved down as speculators offloaded their positions
 "Silver futures down 0.6% on lower global trend")
Gold futures soften on global cues
Prices fell as speculators trimmed their positions
 "Gold futures soften on global cues")
Nickel up 0.2% on firm demand
Firmness in metal overseas supported nickel futures trade here
 "Nickel up 0.2% on firm demand")
Cardamom declines 0.3% on profit-booking
Sluggish spot demand affected the trade
 "Cardamom declines 0.3% on profit-booking")
Copper rises 0.1% on spot demand
Prices rose as speculators covered-up their short positions
 "Copper rises 0.1% on spot demand")
Veg oil imports up 23% in March
Lower crushing was recorded due to negative margins from domestic sources
 "Veg oil imports up 23% in March")
Market pulse for agro commodities : Mangal Keshav
Average price of small cardamom increased to Rs 639.5 per kg while maximum price offered was down at Rs 1,043 per kg
Market pulse for key metals and energy : Mangal Keshav
Silver holdings of ishares silver trust, the largest ETF backed by the metal, declined to 10,497.59 tons, as on April 5.
 "Marginal increase in rubber production in FY13")
Groundnut exporters face order cancellation
Delay in shipment and disparity with international prices add to the worry
 "Groundnut exporters face order cancellation")