Page 434 - Commodity News
Wheat output may drop for 2nd year straight due to warm winter
Due to unusually dry and warm winter wheat sowing is lagging behind and it will impact production by at least 5%
 "Wheat output may drop for 2nd year straight due to warm winter")
Textile industry welcomes amended TUFS
Experts say despite being diluted, the scheme clears uncertainty and ensures some returns on investment
 "Textile industry welcomes amended TUFS")
Farmers not switching to pulses as MSPs fail to keep pace with rising costs
Production of pulses jumped from 15 million tonnes in 2009-10 to 18 million tonnes in 2010-11 but has plateaued since then
 "Farmers not switching to pulses as MSPs fail to keep pace with rising costs")
Wholesale sugar prices rise 14% in December
Exporters lose parity, price may fall once volume pressure increases in a week or two
 "Wholesale sugar prices rise 14% in December")
Tea exporters upbeat as prices rise
Export earnings in the current financial year till October has risen by 4.20% which has translated into a gain of Rs. 93.53 crore
 "Tea exporters upbeat as prices rise")
Qatar cuts LNG price for India, to help save Rs 4,000 crore a year
Price cut by almost half, RasGas to also waive off penalty fee for lower offtake
 "Qatar cuts LNG price for India, to help save Rs 4,000 crore a year")
Analysts see rise in oil price in 2016, while traders bet on fall
Analysts cite fall in output in US as reason, while traders feel 'party of high oil prices' is over for 2-3 years
 "Analysts see rise in oil price in 2016, while traders bet on fall")
Aluminium futures weaken as participants trim position
Metal for delivery in January 2016 contracts traded lower by 30 paise or 0.29%
 "Aluminium futures weaken as participants trim position")
Cardamom shows mixed trend in futures trade
Spice for delivery in February contracts shed Rs 4.40 or 0.57%
 "Cardamom shows mixed trend in futures trade")
Nickel up 0.5% aided by global cues
Metal for delivery in January also gained Rs 2.40, or 0.41%
 "Nickel up 0.5% aided by global cues")
Sugar down 0.2% on profit-booking
Commodity for delivery in May traded lower by Rs 2, or 0.06%
 "Sugar down 0.2% on profit-booking")
Mentha oil up 0.3% on strong demand
Oil for delivery in December contracts edged up by Rs 2.50 or 0.28%
 "Mentha oil up 0.3% on strong demand")
Lead down by 0.4% on subdued domestic demand
Traders trimmed their holdings, tracking a weak trend at the domestic market
 "Lead down by 0.4% on subdued domestic demand")
Copper down by 0.2% as traders cut down bets
Speculators reduced their positions amid muted demand at the domestic spot markets
 "Copper down by 0.2% as traders cut down bets")
Oil prices edge up in Asia after another sell-off
The commodity headed for another annual loss caused by a stubborn global supply glut and weak demand
 "Oil prices edge up in Asia after another sell-off")
 "Gold: Third annual drop")
 "Base metals, Crude oil: Plunge on oversupply")
Gold rises by 0.3% in futures trade on global cues
Speculators created fresh positions, taking positive cues from global markets
Mentha oil prices up 0.6% on spot demand
Speculators built up fresh positions, supported by pick up in demand from consuming industries in the spot market
Nickel down by 0.3% on overseas trend
Sluggish demand in the domestic spot market also affected prices