Page 992 - Commodity News
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
 "Gold gyrates in tight range; traders seek price direction")
Chana extends gains on spot demand
Prices rose as speculators enlarged their positions
 "Chana extends gains on spot demand")
Turmeric up more than 1% on thin supply
Reports of lower output this season supported uptrend
 "Turmeric up more than 1% on thin supply")
Coriander remains higher as demand picks up
Prices remained rose as speculators enlarged their positions
 "Coriander remains higher as demand picks up")
Pepper down 0.4% on profit-booking
Reports of higher output this season affected the trade
 "Pepper down 0.4% on profit-booking")
Jeera falls 0.3% on profit-booking
Prices declined due to weak spot market demand
 "Jeera falls 0.3% on profit-booking")
Cardamom rises 0.7% on spot demand
Prices rose as speculators created fresh positions
 "Cardamom rises 0.7% on spot demand")
Lead edges down by 0.3% on global cues
Subdued domestic demand brought down the prices
 "Lead edges down by 0.3% on global cues")
Zinc down 0.4% on overseas trend
Prices fell due to subdued spot demand
 "Zinc down 0.4% on overseas trend")
Copper weakens 0.3% on global cues
Prices fell as speculators reduced their positions
 "Copper weakens 0.3% on global cues")
Crude palm oil up more than 1% on spot demand
Prices rose as speculators created fresh positions
 "Crude palm oil up more than 1% on spot demand")
Crude oil down 0.4% on weak Asian cues
Prices fell as speculators trimmed positions
 "Crude oil down 0.4% on weak Asian cues")
India's steel supply deficit quadruples in FY13
Total steel production in India was reported at 66.4 million tonnes as against its apparent demand of 69.1 million tonnes in FY13
 "India's steel supply deficit quadruples in FY13")
$70 billion worth gold traded through Dubai in 2012
The value of gold traded through Dubai in 2012 was $70 billion, compared to $ 6 billion in 2003
 "$70 billion worth gold traded through Dubai in 2012")
Gold ETFs no more glitter; inflows decline 60% in FY13
March sees 9-month high outflows
 "Gold ETFs no more glitter; inflows decline 60% in FY13")
Oil down in Asia ahead of US inventory report
Analysts expect report to show increase in supplies, which would put downward pressure on prices
 "Oil down in Asia ahead of US inventory report")
Market pulse for metals and energy : Mangal Keshav
Gold holdings of SPDR gold trust, the largest ETF backed by the precious metal, declined to 1,200.37 tons, as on April 9.
Market pulse for agro commodities : Mangal Keshav
India's total oil-meal exports in the FY2012-13 fell by 14.3% to 4.8mn tons, largely reflecting adverse effects of a Chinese ban
Jewellers go slow on bullion sales
Churn out business portfolio for 10 times higher returns in jewellery than bullion with same investment
Jewellers plan to woo buyers ahead of wedding season
Sales from factories rise 15-20% since Feb, but store sales yet to pick up
 "Jewellers plan to woo buyers ahead of wedding season")