Page 470 - Commodity News
Pulses' prices up on lower output estimate
Pipeline inventory depletes, consumer relief only after December harvest of new crop
 "Pulses' prices up on lower output estimate")
Copper deficit likely in 2016, says ICSG
China economy, which accounts for 45% consumption of world copper, has been in a slowdown lately
 "Copper deficit likely in 2016, says ICSG")
Chinese Yuan devaluation pulls down groundnut and sesame seeds exports by 24%
Also, currency fluctuation, tight money supply and overcautious banks in terms of lending also added to current downfall in exports of these commodities
 "Chinese Yuan devaluation pulls down groundnut and sesame seeds exports by 24%")
Govt target of 300 mt steel production by 2025 impossible to meet: NCAER study
The study also says steel industry will fail to meet its 12th Plan goals due to the present distress
 "Govt target of 300 mt steel production by 2025 impossible to meet: NCAER study")
Gems & jewellery sector to benefit from Indo-US tie ups: PwC
Says jewellery hubs within India can serve as captive production units for US retailers
 "Gems & jewellery sector to benefit from Indo-US tie ups: PwC")
Barley surges for third day in a row, up 3.37%
Traders enlarge positions, on strong demand from beer makers and cattle-feed units
 "Barley surges for third day in a row, up 3.37%")
Castorseed up 1.3% on spot demand
Traders build fresh positions on surge in offtake from paint making units ahead of festivities
 "Castorseed up 1.3% on spot demand")
Turmeric up 1.4% on uptick in demand
Speculators build positions on higher offtake in spot market
 "Turmeric up 1.4% on uptick in demand")
Silver futures up by 0.2% on global cues
Participants enlarged positions tracking firming trend in the global market
 "Silver futures up by 0.2% on global cues")
Crude palm oil sheds 1% on profit-booking
Speculators exit at higher levels due to subdued domestic demand, weak global cues
 "Crude palm oil sheds 1% on profit-booking")
Sugar edge 0.75% higher on spot demand
Speculators widen positions on higher festive and wedding season offtake
 "Sugar edge 0.75% higher on spot demand")
Zinc up 0.64% on overseas cues, spot demand
Firm trend seen in base metals on LME on hopes US Fed will maintain interest rates near zero
 "Zinc up 0.64% on overseas cues, spot demand")
How traders may have pocketed Rs 8000 cr during onion crisis
NITI Aayog's analysis has brought out the need for state-intervention in the onion market
 "How traders may have pocketed Rs 8000 cr during onion crisis")
Cardamom up by 0.6% on tight supply
Besides, firm spot demand influenced cardamom prices
 "Cardamom up by 0.6% on tight supply")
Spot demand lifts mentha oil by 1%
A firming trend at the spot market also helped prices
 "Spot demand lifts mentha oil by 1%")
Crude oil futures climb 2.96% on overseas cues
Softer dollar helps bolster prices as crude becomes cheaper for holders of weaker units, spurring demand
 "Crude oil futures climb 2.96% on overseas cues")
Jeera rises 0.65% on spot demand
Traders widen positions as restricted supplies from growing regions sustain uptrend
 "Jeera rises 0.65% on spot demand")
Copper up by 0.6% on spot demand
Positive cues from overseas markets also helped prices
 "Copper up by 0.6% on spot demand")
Oil prices sustain rally in Asia
Prices were driven by hopes the crude supply glut would ease
 "Oil prices sustain rally in Asia")
Pepper output likely to fall by half on erratic rains
About 70% of India's pepper consumption is met through local supply
 "Pepper output likely to fall by half on erratic rains")