Page 382 - Commodity News
Water scarcity eats into Kesar mango sweetness
According to traders, 70-80% of the arrivals are of inferior quality, due to which the prices are 20% more than the last year
 "Water scarcity eats into Kesar mango sweetness")
Maharashtra asks Centre to release 10k tons tur dal immediately
Centre has procured about 62,178 tonnes of pulses to create buffer stock in order to intervene in market in case of price rise
 "Maharashtra asks Centre to release 10k tons tur dal immediately")
India's biggest shipper of gold says smuggling to hit record high
Australia and New Zealand Bank's head said he expects 15% of India's gold this year to be smuggled to escape 10% levy
 "India's biggest shipper of gold says smuggling to hit record high")
Silver up by 0.7% aided by global cues
Market analysts said a firming trend in the precious metals in global market influenced silver prices
 "Silver up by 0.7% aided by global cues")
Zinc rises by 1% on overseas cues
Improved demand in the domestic spot market also helped prices
 "Zinc rises by 1% on overseas cues")
Silver jewellery exports up five times in five years
India can beat Thailand, China & Turkey; be top exporter, say experts
 "Silver jewellery exports up five times in five years")
Government measures curbing gold import and black money
Experts believe all measures put together will have desired impact on demand for physical gold. Black money will also find it difficult to move to gold
 "Government measures curbing gold import and black money")
Tea Board launches e-auction to bring uniformity in rules
Earlier, the rule stated that a buyer registered with a particular auction centre has to buy tea from that same centre only
 "Tea Board launches e-auction to bring uniformity in rules")
Gold sinks below Rs 30k-mark, silver down by Rs 600
Globally, gold plunged by 1.89% to $1,263.40 an ounce on speculation that Fed might still boost US interest rates
Sugar prices strengthen on summer season demand
Marketmen said increased demand from stockists as well as bulk consumers, driven by ongoing summer season, mainly kept sugar prices higher
 "Sugar prices strengthen on summer season demand")
Oil traders cautious after plunge as Canada fires ease
Canadian authorities were focusing on restoring output after the fires that have raged for a week forced oil companies in the area to shut down operations
 "Oil traders cautious after plunge as Canada fires ease")
Silver jewellery exports quadruple in five years
Silver jewellery exports from India quadrupled since 2010-11 due to rapid shift in consumer preferences in favour of light weight, modern and contemporary designs of gemstones studded ornaments
 "Silver jewellery exports quadruple in five years")
Gold sales fail to shine bright on Akshaya Tritiya
Sharp volatility in prices hits the consumer sentiment. Yellow metal rose Rs 85 per 10g from its previous close to settle at Rs 29,855 per 10g on Monday
 "Gold sales fail to shine bright on Akshaya Tritiya")
Wheat output up despite drought
The southwest monsoon in 2015 was almost 14 per cent less than normal, the fourth case of consecutive drought years in a century
 "Wheat output up despite drought")
NCDEX to pay castor seeds hedgers
After suspending contract in January, the exchange now will pay money for which it declared close out price
 "NCDEX to pay castor seeds hedgers")
Iron ore in free fall as port holdings expand
Ore with 62 per cent content delivered to Qingdao tumbled 5.7 per cent to $54.99 a dry tonne, according to Metal Bulletin
 "Iron ore in free fall as port holdings expand")
Jewellers see 10% growth in sales on Akshaya Tritiya
WGC, MD - India, Somasundaram PR said the buying behaviour of consumers is returning to normalcy following jewellers resuming business after a month long protest over excise duty
 "Jewellers see 10% growth in sales on Akshaya Tritiya")