Page 478 - Commodity News

Working conditions in Assam tea gardens poor

Fimi pitches for maximising iron ore output

As of now, overall consumption of iron ore in Odisha by steel firms, sponge iron and pellet makers is 25-30 mt a year, against the approved environment clearance limit to produce about 200 mt

Corn production to be lowest in 5 years

Production is expected to be around 20 million tonnes

Gold hovers near three-week high as equities slip

Gold held close to its highest level in nearly three weeks on Monday, boosted by safe-haven demand after the US Fed decision to leave interest rates unchanged weighed on equities

Cardamom up 0.5% on rising demand

Export demand and restricted supplies from producing regions also influenced prices

Lead falls by 0.6% on weak global cues

Participants reduced positions amid a weak trend overseas and sluggish domestic demand

Mentha oil falls by 0.5% on subdued demand

Traders reduced positions owing to slackened demand from consuming industries in the spot market

Crude palm oil up by 0.1% on spot demand

Participants built up fresh positions, driven by pick up in demand at the spot market

Copper falls by 0.1% on global cues

Low demand at spot markets also affected prices

Aluminium falls by 0.4% on global cues

Muted demand at spot markets also affected prices

Zinc falls by 1.5% on global cues

Speculators indulged in reducing positions after the metal retreated to the lowest level since June 2010

Oil up in Asia, but oversupply, weak demand weigh

Fresh worries have also emerged about the health of the global economy and its impact on oil demand

Commodity picks

Over the last week, the rains have covered Gujarat, which accounts for a third of total cotton production in India

Indians wake up to red and purple teas

Industry sees potential in domestic market and exports for South African Rooibos and Kenyan purple tea

Govt sets 4 mt sugar export target

The quota had been set taking into account the average sugar production of the current and last two sugar seasons

Kharif sowing area up 1.6% as on Friday

Monsoon revives in key drought-affected areas

Base metals decline, bullions rise on Fed's unchanged interest rate

'Weak global economy' comment holds the key, uncertainty persists

Punjab, Haryana cotton growers lose 40% crop

Opposition accuses Punjab Government for providing spurious pesticides

Govt hikes import duty on edible oils by 5%

Solvent Extractors Association says hike is inadequate to curb cheap imports or benefit farmers & local refiners

Govt raises import taxes on vegetable oils by 5%

In the past 20 years, India's edible oil output has risen only about a third