Page 553 - Commodity News
Crude palm oil fall by 0.2% on sluggish demand
Speculators offloaded their positions due to subdued demand in the spot markets against sufficient supplies
 "Crude palm oil fall by 0.2% on sluggish demand")
Nickel up by 0.7% on firm demand
Speculators enlarged positions amid a firming trend in spot market on increased demand from alloy-makers
 "Nickel up by 0.7% on firm demand")
Partial sugar decontrol not an answer
Prices falling, arrears to farmers and mills' losses on the rise; linking cane price to sugar prices seen as inevitable in addition to active govt help
Salt production hit by unseasonal rains
Manufacturers are already reeling under margin pressures due to fall in salt prices
 "Salt production hit by unseasonal rains")
Vegetable oil imports up 27% in March
Imports were at 1.06 mn tonnes in March this year as against 0.84 mn year on year
 "Vegetable oil imports up 27% in March")
Sugar industry asks for rationalised cane price policy across the country
All India cane price arrears crossed Rs 19,000 cr
 "Sugar industry asks for rationalised cane price policy across the country")
India's March palm oil imports jump 25%: SEA
However, association says imports could reduce going forward, on reimposition of export duty by the two nations
 "India's March palm oil imports jump 25%: SEA")
Nickel gains by 0.1% on spot demand
Speculators enlarged positions on increased demand from alloy makers even as metals weakened overseas
Crude palm oil rises by 0.7% as demand picks up
Speculators indulged in creating fresh positions supported by pick up in demand in the spot market
Mentha oil rises 2.1% on industrial demand
Traders created fresh positions amidst pick up in demand from consuming industries
 "Mentha oil rises 2.1% on industrial demand")
Lead weakens on subdued demand, global cues
April, May contracts shed 0.4% each on lower offtake from battery makers, sluggish Chinese economy
 "Lead weakens on subdued demand, global cues")
Zinc sheds 0.15% on weak overseas trend
Speculators pare exposures as offtake from domestic consuming industries is sluggish
 "Zinc sheds 0.15% on weak overseas trend")
Crude oil futures rise 0.49% on overseas cues
Speculators create fresh positions as crude rises for fifth straight day on forecasts that US shale output could decline
 "Crude oil futures rise 0.49% on overseas cues")
Copper gains 0.15% on spot demand
Speculators create fresh positions on higher offtake from consuming industries
 "Copper gains 0.15% on spot demand")
Oil extends rise in Asian trade
Analysts said that US shale production could decline and help ease a global supply glut
 "Oil extends rise in Asian trade")
 "US shale oil boom turns to gloom with output set to fall")
Blossom showers raise hopes of better coffee output in 2015-16
Most of growing regions in Karnataka, which account for 70% of India's coffee output, have received satisfactory blossom and backing showers
 "Blossom showers raise hopes of better coffee output in 2015-16")
Why record sugar production not good for Maharashtra
Indian Sugar Mills Association has forecast this year's output at 26 mn tonnes
 "Why record sugar production not good for Maharashtra")
Jute imports up by 24%, exports dip by 22% in April-Jan FY15
IJMA sources have attributed higher imports to lack of monitoring and check in end-use of jute products
 "Jute imports up by 24%, exports dip by 22% in April-Jan FY15")
Oil prices higher in Asian trade
A drop in US production is expected to help ease the supply glut that has sent oil prices collapsing since June last year
 "Oil prices higher in Asian trade")