Page 544 - Commodity News
Guar seed prices spurt sharply on crop damage
Seed prices rose from nearly Rs. 3,700-4,000 per quintal about a month ago to Rs 5,000-5,200 per quintal at present
 "Guar seed prices spurt sharply on crop damage")
Speculators fuelling soybean prices: SOPA
SOPA blamed the futures market for underestimating the crop size, which it said has pushed up prices 20% in a month. Soybean prices are trading around Rs 4,070 a quintal currently
 "Speculators fuelling soybean prices: SOPA")
Infrastructure issues haunt mango exports
Unfavourable climate has also raised quality issues
 "Infrastructure issues haunt mango exports")
Mentha oil gains 1.57% on strong demand
Tight supplies from producing belts support uptrend
 "Mentha oil gains 1.57% on strong demand")
Silver futures down 0.25% on profit-booking
Participants lock in gains at prevailing levels even as metal edges higher overseas
 "Silver futures down 0.25% on profit-booking")
Chana up 4%, hits upper limit on lower output concerns
Traders enlarge positions, as unseasonal rains in key growing belts put a question mark on output
 "Chana up 4%, hits upper limit on lower output concerns")
Cardamom rises 0.91% as demand picks up
Tight stock positions in physical market on restricted supplies from producing belts fuel uptrend
 "Cardamom rises 0.91% as demand picks up")
Refined soya oil rises 0.22% on rising spot demand
Restricted supplies from producing belts support uptrend
 "Refined soya oil rises 0.22% on rising spot demand")
Sugar down 0.55% on ample supply, higher output
Country's sugar output is up 14.27% to 27.37 mn tonnes till April of the 2014-15 marketing year
 "Sugar down 0.55% on ample supply, higher output")
Gold down by 0.2% on weak global cues
Profit-booking by speculators amid a weak trend overseas affected prices
 "Gold down by 0.2% on weak global cues")
Copper falls by 0.4% on global cues
Speculators reduced their exposures amid a weak trend overseas and low demand in the spot market
 "Copper falls by 0.4% on global cues")
Lead softens by 0.2% on global cues
Subdued demand from battery-makers in the domestic spot market also affected prices
 "Lead softens by 0.2% on global cues")
Zinc down by 0.5% on global cues
Speculators trimmed positions, tracking a weak global trend
 "Zinc down by 0.5% on global cues")
Nickel down by 0.5% on profit-booking
Speculators indulged in booking profits even as the metal strengthened overseas
 "Nickel down by 0.5% on profit-booking")
Rise in sugarcane arrears slows
Mills in west UP have higher dues
 "Rise in sugarcane arrears slows")
Slower demand growth and low prices hurting aluminium producers
Energy, which has the biggest share in white metal's production cost, remains the most important determinant of competitiveness and profitability of aluminium producers
 "Slower demand growth and low prices hurting aluminium producers")
Oil hits 2015 high as traders look beyond ample supply
Brent crude was up 56 cents at $67.02 a barrel by 1245 GMT, after hitting a 2015 peak of $67.10
 "Oil hits 2015 high as traders look beyond ample supply")
Kenya's loss is Indian tea sector's gain
Ailing exports turn viable, as realisation improves due to drought in the African nation
 "Kenya's loss is Indian tea sector's gain")
Informal gold monetisation schemes flourish
Large jewellers participants, offer up to 15% annualised returns
 "Informal gold monetisation schemes flourish")
Gold imports up 19.5% at $34.32 billion in FY15
The Reserve Bank and the govt have maintained that the CAD level is comfortable, but the spike in gold imports may spark fresh worries
 "Gold imports up 19.5% at $34.32 billion in FY15")