Page 471 - Commodity News
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")
 "Sugar up 24% on deficit forecast")
Govt working to resolve arrears issue: Rajnath Singh
Cane arrears were still to the tune of Rs 12,248 crore at the end of the 2014-15 season
 "Govt working to resolve arrears issue: Rajnath Singh")
Soybean production projected to fall
Arrivals in Madhya Pradesh generally reach 4-5 lakh bags of 100 kg each in October but this year they won't exceed 2.5-3 lakh bags
 "Soybean production projected to fall")
Soyabean extends gains, up 2.5%
Traders build huge positions on strong global cues
 "Soyabean extends gains, up 2.5%")
Profit-booking, ample stocks drag down mentha oil by 4%
Traders lock in gains at prevailing levels amid higher arrivals in physical market from major producing belts
 "Profit-booking, ample stocks drag down mentha oil by 4%")
Coriander sheds 0.4% on low demand
Ample stock position following rising arrivals from major producing belts too weigh on prices
 "Coriander sheds 0.4% on low demand")
Crude oil extends gains on global cues, edges up by 0.26%
Traders enlarge positions, as commodity firms up in Asia, holding above $46 a barrel ahead of a report on US commercial crude inventories
 "Crude oil extends gains on global cues, edges up by 0.26%")
Cardamom drops 0.98% on profit-booking; low demand
Higher supplies from producing belts fuel downtrend
 "Cardamom drops 0.98% on profit-booking; low demand")
Mustardseed soften by 1.4% on profit-booking
Besides, rising supplies in physical market too weigh on prices
 "Mustardseed soften by 1.4% on profit-booking")
Barley hits upper circuit in futures trade, climbs 4%
Speculators widen positions on strong demand in physical market
 "Barley hits upper circuit in futures trade, climbs 4%")
Silver futures succumb to profit-booking, down Rs 95
Metal for delivery in December contracts was trading lower by Rs 84, or 0.23%
 "Silver futures succumb to profit-booking, down Rs 95")
Nickel up 0.5% on spot demand
Metal for delivery in November gained 0.32%
 "Nickel up 0.5% on spot demand")
Lead marginally up on spot demand
A firming trend overseas also helped prices
 "Lead marginally up on spot demand")
Sugar falls by 0.5% on profit-booking; higher supply
Profit-booking by speculators after recent gains amid pick up in supplies from mills at spot markets
 "Sugar falls by 0.5% on profit-booking; higher supply")
Oil prices hold above $46 ahead of US inventories report
A decline in US drilling activity has supported prices recently, fuelling hopes a fall in production would help ease the global crude supply glut
 "Oil prices hold above $46 ahead of US inventories report")
Branded basmati sales to touch 2.9 mt
Processors eye domestic market, with growth in preference for packaged & branded products and slide in exports
 "Branded basmati sales to touch 2.9 mt")
 "As Glencore falls, it takes zinc with it")
 "Import duty on ghee, butter raised to 40%")