Page 557 - Commodity News
Chana climb by 1.3% on lower output
Participants enlarged speculative positions amid expectations of lower output due to unseasonal rains in growing regions
 "Chana climb by 1.3% on lower output")
Sugar up by 0.5% on seasonal buying
Speculators enlarged positions amidst pick-up in demand from bulk consumers and retailers
 "Sugar up by 0.5% on seasonal buying")
Mentha oil declined 0.9% on profit-booking
Adequate stock position in the physical market on higher supplies from producing belts adds to pressure on prices
 "Mentha oil declined 0.9% on profit-booking")
Cardamom plunges 4% on low demand
Adequate stock position in physical market on higher supplies from producing regions adds to pressure on prices
 "Cardamom plunges 4% on low demand")
Crude oil declines by 0.5% on weak Asian cues
Speculators indulged in trimming positions amidst a weak trend in Asian markets
 "Crude oil declines by 0.5% on weak Asian cues")
Zinc drops by 0.4% on weak global cues
Besides, subdued spot demand weighed on the prices
 "Zinc drops by 0.4% on weak global cues")
Lead falls by 0.4% on overseas trend
Speculators trimmed positions amid a weak trend in global markets and subdued domestic demand
 "Lead falls by 0.4% on overseas trend")
Crude palm oil fall by 0.2% on subdued demand
Speculators offloaded positions due to sluggish demand in the spot market
 "Crude palm oil fall by 0.2% on subdued demand")
Copper declines by 0.5% on global cues
Speculators trimmed positions amid a weak trend overseas and sluggish demand in the spot market
 "Copper declines by 0.5% on global cues")
Auction of 'C' category mines set to be delayed in Karnataka
SC asks state for details on iron ore reserves in 15 up for phased auction
 "Auction of 'C' category mines set to be delayed in Karnataka")
Milk price hike unviable for now: Amul
R S Sodhi of GCMMF says co-operatives not under any margin pressure and could hold on to current price levels
 "Milk price hike unviable for now: Amul")
Coffee institute finds solution to white stem borer
Century-old pest problem has devastated Arabica plantations across Karnataka
 "Coffee institute finds solution to white stem borer")
Mills want CCI to start sale of cotton through e-auction
CCI had temporarily suspended sale of cotton due to which several textile mills ran short of quality cotton as it was not available in the open market
 "Mills want CCI to start sale of cotton through e-auction")
Indian tea industry keen to embrace Israeli expertise
Tea body seeks guidance on irrigation from Israeli firm Netafim, following crop shortage due to poor rainfall
 "Indian tea industry keen to embrace Israeli expertise")
UP sugar production surpasses last year's level
Reaches 6.56 mt and counting
 "UP sugar production surpasses last year's level")
Gold, silver prices ease on low demand, global cues
Gold sheds Rs 20 at Rs 27,230 per 10 grams in NCR, Silver loses Rs 500 to trade at Rs 38,000 per kg
 "Gold, silver prices ease on low demand, global cues")
CCI should be directed to sell cotton by e-auction: SIMA
CCI had temporarily suspended sale of cotton due to which several textile mills ran short of quality cotton as it was not available in the open market
 "CCI should be directed to sell cotton by e-auction: SIMA")
Wheat production likely to decline by 4-5%: Agri Minister
Unseasonal rains and hailstorms have damaged rabi crops in about 11.3 million hectares of crop area in the country
 "Wheat production likely to decline by 4-5%: Agri Minister")
Mentha oil up by 1.2% on rising demand
Speculators enlarged positions amid a firm trend at spot market on rising demand
Lead rises by 0.9% on firm spot demand
A firming trend in base metals also supported prices