Page 991 - Commodity News

Costlier dairy products push Food Price Index up

Dairy products carry 17% weight among various commodity prices included in calculation of overall FPI

'Gold-en offer to attract consumers

Being an auspicious day, consumers prefer to execute their purchase orders on Guddi Padwa

Silver down 0.6% on lower global trend

Prices moved down as speculators offloaded their positions

Gold futures soften 0.1% on global cues

Prices fell as speculators trimmed their positions

Wheat down 0.6% on record output hopes

Prices went down as speculators indulged in reducing their positions

Market pulse for key agro commodites: Mangal Keshav

Spot rates of pepper garbled were unchanged '362 per kg and that of un-garbled was steady at '347 per kg while arrivals increased to 72 tons & trades too were up at 75 tons at auctions held at Koc

Panel moots 5% cap on hike in paddy support price

CACP believed to have ranked states on marketing of farm produce

Copper falls from two week high; demand worries weigh

Three-month copper on LME shed 0.8% to a session low of $7,563 a tonne

Cotton crop estimated at 35.1 mn bales in 2012-13 season: CAI

Projected balance sheet drawn by CAI for 2012-13 estimated the total cotton supply at 41.9 mn bales

Global pepper prices to be steady till June

Rise in demand may slightly push the price up

Farmers divert wheat to MP, Rajasthan

The states have announced bonus of Rs 150 per quintal over and above the MSP to encourage higher acreage for wheat

Copper decline expected to continue

Weak demand growth seen from user industries, given the world economic outlook and high stocks

India's April 1 grains stocks remain high despite export push

Needs to make room for yet another bumper harvest

Retailers call for yarn, fabric makers' participation in Better Cotton Initiative

Started by global retailers some years ago, BCI looks to imbibe best practices in cotton-based apparel right from the farming stage

Cotton surplus estimated at 14.42 million bales for 2012-13

Domestic mill consumption is expected to be around 23.8 million bales

Gold claws back on retail off-take

Silver also rallied to retrace the Rs 53,000 per kg level following aggressive speculative and jewellery demand

Goldman cuts gold price forecasts, recommends short position

Goldman had already cut its gold forecasts in late February, reducing its 2013 price view from $1,810 an ounce

Potato extends gains on pick up in spot demand

Prices went up as traders enlarged their positions

Mentha oil remains weak adequate supply

Subdued domestic demand affected the trade

Gold gyrates in tight range; traders seek price direction

Chidambaram suggested last week the government was unlikely to raise the import tax on gold further to avoid gold smuggling