Page 573 - Commodity News

Milk prices to stay low on skimmed powder inventory

Enough inventory of skimmed milk powder in country will help keeping milk prices under check

European Union lifts ban on import of mangoes from India

Ban had been imposed in April 2014; India's exports of the fruit to EU in 2013 stood at $11 mn

Cardamom down 1.7% on profit-booking

Spice for delivery in April fell by 1.44%,

Nickel up 0.5% on global cues

Metal for delivery in April too was trading 0.4% higher

Silver up 0.3% on global cues

Analysts said fresh positions built up by speculators, tracking a firming trend overseas, helped silver futures to rise

Gold up Rs 0.1% on global cues

Metal for delivery in June was trading at 0.09%

Aluminium up 0.1% on global trends, spot demand

Metal for delivery in current month traded higher by 0.09%

Copper up 0.2% on global cues

Metal for delivery in April was up by 0.19%

India's sugar production up 14% in four months

In Maharashtra, 177 sugar mills produced 7.4 million tonnes during the period under consideration

Govt may release sugar subsidy payment for last season in two weeks

Will provide a fillip to the raw sugar exports for the current season, mills seek urgent notification for export subsidy

Rise in tender coconut demand hits copra stock

The price already has increased to Rs 25-30 a nut in the last one month

Sugar output up 14% at 19.4 million tonne in Oct-Feb period

Cane price arrears to farmers could go up further from the current Rs 14,500 crore with sugar prices being lower than last year while cane rates higher, says ISMA

Diamond merchants of Surat: Charitable, yet clever strategists

Cardamom up 1.3% as demand picks up

Spice for delivery in March fell 0.61%

Mentha oil up 0.9% on rising demand

Oil for delivery in March edged up by 0.83%

Palm oil down 1.1% on profit-booking

Oil for delivery in March declined by Rs 4.80, or 1.04%

Apparel retailers sitting on huge inventories

Organised retailers are currently sitting on three to four months of inventory

Cotton exports to decline 45% this year on lower demand from China, Bangladesh

With lower exports estimates, India will have surplus cotton leading to steep fall in prices this year

Edible oil sector seeing consolidation

Crushing disparity shrinks operational viability, small units rent out / sell facility to large ones for valued added products

Oilseed crushing down 15-20%

Last year, 33 mn tonnes of oilseeds were crushed domestically