Page 525 - Commodity News
Onion price moves up on reduced supply, rising demand
Nafed, SFAC also begin to build buffer stocks under govt's Price Stabilisation Fund, for release in the market if price flares later
 "Onion price moves up on reduced supply, rising demand")
Titanium back in reckoning
But technical hurdles make processing difficult, though India has 21 per cent of global deposits
 "Titanium back in reckoning")
Silver down 0.3% on overseas cues
Metal for delivery in July contracts traded lower by 0.27%
 "Silver down 0.3% on overseas cues")
Gold down 0.18% on global cues
Metal for delivery in October contracts traded lower by 0.17%
 "Gold down 0.18% on global cues")
Cardamom falls by 0.3% on stock glut
Speculators trimmed positions, driven by ample stocks against subdued demand in the spot market
 "Cardamom falls by 0.3% on stock glut")
Zinc up by 0.2% on spot demand
Speculators enlarged positions amid positive cues from global markets and rising domestic demand
 "Zinc up by 0.2% on spot demand")
Mentha oil falls by 0.7% to profit-booking
Marketmen attributed the fall to profit-booking by speculators at the existing levels
 "Mentha oil falls by 0.7% to profit-booking")
Nickel climbs by 0.2% in futures trade
Speculators created fresh positions in tandem with a firming global trend
 "Nickel climbs by 0.2% in futures trade")
Aluminium rises by 0.2% on firm global trend
Speculators widened bets amid a firming trend overseas
 "Aluminium rises by 0.2% on firm global trend")
Global glut in cotton to persist
Fall in sowing area among major producers to reduce production by 8.5%
 "Global glut in cotton to persist")
US surpasses Saudi to become biggest oil producer in 2014
India's energy consumption rises 7.1%, fastest among major economies
 "US surpasses Saudi to become biggest oil producer in 2014")
Cotton acreage may fall 7% in 2015-16: CAI
Plunging prices and fears of a drought prompt farmers to switch to cultivating pulses in the hope for better returns
 "Cotton acreage may fall 7% in 2015-16: CAI")
Sugar stocks up on interest-free loans
However, industry says this doesn't address basic problem, urges resolution of cane pricing and excessive stock issues
 "Sugar stocks up on interest-free loans")
 "Sombre results from spinning companies")
Crude oil up 1.1% on positive overseas cues
Oil for July also moved up by Rs 39, or 1%
 "Crude oil up 1.1% on positive overseas cues")
Global cues, spot demand lift lead futures 0.24%
Delivery in July contracts was up 0.20%
 "Global cues, spot demand lift lead futures 0.24%")
Aluminium up 0.3%, fuelled by global cues
Metal for delivery in July traded marginally higher by 0.31%
Sugar up 0.8% on spot demand
Commodity for delivery in July contracts gained 0.68%
 "Sugar up 0.8% on spot demand")
Cardamom futures extend gains, up 0.62%
Spice for delivery in June contracts edged up by 0.01%
 "Cardamom futures extend gains, up 0.62%")
Refined soya oil down 0.4% on low subdued demand
Oil for delivery in June contracts edged down by 0.28%
 "Refined soya oil down 0.4% on low subdued demand")