Commodities
Indian demand for gold seen down 10 pc
GOLD suffers from higher US interest rates and the UK auction worry, in addition to concerns about falling demand in India, but is seen to have the potential to bounce back.

Fertilisers
Urea: Prices may harden in future
UREA prices in the international markets have been ruling soft over the last few years. Trends in the monthly prices in the European markets indicate that prices are recovering from $64.19 per tonne recorded in June 1999 to $88 per tonne in March 2000. Prices have risen by around 37 per cent from their 20-year lows.

Petroleum
Crude prices may rise further,says IBRD
CRUDE oil prices surged higher during the first quarter of the year due to falling inventories and supply restraint by oil producers. Supplies are expected to tighten and prices rise later in the year unless OPEC increases production, the World Bank has said in its latest commodities report.

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