Page 515 - Commodity News
Sugar down 0.6% on ample supply
Commodity for delivery in October contracts traded lower by 0.55%
 "Sugar down 0.6% on ample supply")
Refined soya oil down 0.4%, profit booking weighs
Oil for delivery in August contracts shed 0.32%
 "Refined soya oil down 0.4%, profit booking weighs")
Copper rises by 0.1%, global trend supports
Speculators built up bets supported by a firm global trend
 "Copper rises by 0.1%, global trend supports")
Mentha oil falls by 0.8% on muted demand
Adequate stock position in the physical market on higher arrivals from producing belts also hastened the downtrend
 "Mentha oil falls by 0.8% on muted demand")
Cardamom falls by 0.3%, supply glut hurts
Participants reduced their holdings, driven by ample stocks due to higher supplies from producing belts
 "Cardamom falls by 0.3%, supply glut hurts")
Crude palm oil down by 0.3% on low demand
Traders trimmed positions amid sluggish demand in the spot market against adequate stock position
 "Crude palm oil down by 0.3% on low demand")
Silver futures rise by 0.9% on safe haven appeal
Speculators widened their bets in sync with a firming trend in overseas markets
 "Silver futures rise by 0.9% on safe haven appeal")
Crude oil falls by 1.4%, strained by weak global cues
Analysts said the fall in crude oil futures is mostly in step with a sluggish trend in Asian trade
 "Crude oil falls by 1.4%, strained by weak global cues")
Govt considers importing onions to control price rise
Onion prices have already risen by up to 40% in metro cities in last one year
 "Govt considers importing onions to control price rise")
After tur dal, govt to tender 5,000 tonnes of urad import
This would be second tender to be floated by state-run MMTC for import of pulses
 "After tur dal, govt to tender 5,000 tonnes of urad import")
Rajasthan levies stock limit on pulses
No exemption for registered warehouses; chana prices may decline as traders need to sell excess holding
 "Rajasthan levies stock limit on pulses")
Agri commodities decline on higher acreage, favourable monsoon
Total area sown till June 26 stood at 16.56 million hectares, up by a staggering 23% from the same time last year
 "Agri commodities decline on higher acreage, favourable monsoon")
Iron ore output in Odisha rises 11% in Apr-Jun period
State has so far signed agreements to extend lease validity of 17 mines out of 26 mines which were asked to halt production by SC
 "Iron ore output in Odisha rises 11% in Apr-Jun period")
Mentha oil falls by 0.9% on profit-booking
Speculators booked profits amid subdued spot demand
Cardamom falls by 0.6% on profit-booking
Besides, subdued demand against ample stocks position in the physical market also weighed on the prices
Basmati rice exporters in a fix over falling prices
Future looks tense as export deal with Iran delayed, international prices also low
 "Basmati rice exporters in a fix over falling prices")
NCDEX's ambitious growth plan
Aims to grow in physical, forward and futures segment in agricultural products, while also hoping to succeed in gold
 "NCDEX's ambitious growth plan")
Sugar exports seen doubling as bumper crop looms
Shipments will be 2 million metric tons in the 12 months starting Oct 1
 "Sugar exports seen doubling as bumper crop looms")
Sugar industry on satyagraha over falling prices
A team of industry stakeholders submitted a memorandum to the Prime Minister seeking permanent solution to abnormal price difference between cane and sugar
![Sugar industry on ,[object Object], over falling prices](https://bsmedia.business-standard.com/_media/bs/img/article/2013-01/29/full/1359406402-3314.jpg?im=FeatureCrop,size=(328,185) "Sugar industry on ,[object Object], over falling prices")
Coriander down 0.5% on weak demand, adequate stocks
Price for July declined by 0.45%
 "Coriander down 0.5% on weak demand, adequate stocks")