
Monday, April 12, 1999
Rajasthan traders suffer huge losses as coriander stocks pile up
Coriander traders in India have incurred huge losses due to the price decline on the carry forward stocks. The traders seem to be quite chary in doing the business. With the start of the market arrivals of the new crop.
Copper improves as stocks decline
Copper surged on the London Metal Exchange (LME) on hectic fund activity to briefly touch $1,410-20 levels last week. In fact the red metal had seen a massive 4,725 tonnes drop in stocks in LME warehouses.
Ministry lowers steel demand projection for 1999-2000
The latest estimates put forward by the Joint Plant Committee (JPC), working under the ministry of steel, suggest that the country will have a surplus steel producing capacity of one lakh tonnes for the year 1999-2000. This situation is likely to keep pressure on the steel prices during the year ahead.
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