Page 554 - Commodity News

Why record sugar production not good for Maharashtra

Indian Sugar Mills Association has forecast this year's output at 26 mn tonnes

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

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 rise on expected US shale production dip

The EIA expects US shale production to fall by 45,000 barrels to 4.98 million barrels per day in May from April

Saffron crop might recover some lost ground this season

Crop damage bolsters spice prices

Cumin and coriander show clear rising trend, with turmeric, pepper and chilli likely to follow

Oil rises above $57 as Iran export recovery remains in doubt

Iron ore output tumbles 39% to 47 mt in 2014-15

In 2013-14, the production topped 77.84 mt, including the ore produced for captive consumption by the steel plants

Rising Chinese imports remain a concern for steel firms

Gold extends gains on jewellers buying, global cues

Adds Rs 40 to trade at Rs 27,120 in the capital, Silver gains Rs 100 at Rs 37,000 per kg

Cardamom falls by 0.8% on profit booking

Traders reduced holdings amid sluggish spot demand amid profit-booking

Govt formulating policy to address issues of rubber industry

Will lainch insurance-based scheme to address issues pertaining to the sector and boost production of the plantation crop

Crude palm oil rises by 0.5% as demand picks up

Speculators indulged in creating fresh positions supported by pick up in demand in the spot market

Lead falls by 0.3% on subdued demand

Speculators trimmed positions amid weak global cues

Gold down by 0.1% on profit-booking

Participants trimmed positions even as metal strengthened overseas

Mentha oil falls by 1.5% on sluggish demand

Speculators reduced their positions amid sluggish demand from consuming industries in the spot market

Nickel gains by 0.3% on positive global cues

Speculators enlarged positions on positive cues from global markets

Zinc down by 0.3% on global cues

Speculators trimmed positions amid weak global cues

Oil prices edge up in Asian trade

However, the persistent global supply glut will likely cap advances, analysts said

Edible oils outlook: Is the worst over for the sector?

Pick up in Chinese demand and gradual increase in crude oil prices can also trigger an uptick in edible oil prices