Page 608 - Commodity News

Global coffee production set to drop 2.9% in FY15

In India, Coffee Board has estimated production to grow 13.1% during the current crop year

Global agri-commodities prices likely to remain volatile in 2015

More supply overall could damp undue swings but second half might see oversupply, after stronger buying support in first half

Buffalo meat export expected to swell 50% this year

India's export of buffalo meat was $4.35 bn in 2013-14, a rise of 36% from $3.2 bn in 2012-13

Potato prices plunge on pre-mature harvest

Prices of potato went through the roof during the last season, luring the farmers to grow more potatoes

November gold import highest since May 2013

The import bill in Nov 2014 was up almost seven fold over the same month a year ago

Palm oil up 0.2% on spot demand

Oil for delivery in December went up by 0.21%

Zinc up by 0.5% on overseas cues

Participants enlarged positions amid a firming trend at the London Metal Exchange

Silver futures fall by 1% on weak global cues

Speculators indulged in offloading positions tracking a weak trend overseas

Mentha oil rises by 2.3% on spot demand

Traders built up positions triggered by rising demand from consuming industries in the spot market

Cardamom rises 1.4% on spot demand

A firming trend at the spot market also helped prices

Aluminium rises by 0.2% on global cues

Rising demand at domestic spot markets also influenced prices

Crude oil down by 0.3% on weak Asian cues

Traders trimmed positions amid a weakening trend in Asian trade where it sank to a fresh five-year low

Rubber growers may boycott tyre makers

'Kerala government should prop up rubber procurement in order to improve local prices'

Synthetic textile makers continue to reel under high polyester raw material prices

Castor oil export may dip by about 15%

Reduced demand from China, which accounts for 35% of castor oil export from India, to bring down shipments

Veg oil imports up 26% in November: SEA

Primary reason being dumping from Malaysia and Indonesia due to zero duty on palm products in the last five years

India's Nov palm oil imports touch record 7.96 lakh tonnes

SEA attributed the rise in palm oil imports to zero export duty on palm products slapped by Indonesia and Malaysia

Aluminium up by 0.2% on firming overseas trend

Speculators enlarged positions amid a firming trend overseas

Chana gains by 0.8% on upsurge in spot demand

Speculators enlarged positions on account of rising demand in the spot market

Crude palm oil gains by 0.2% on rising demand

Speculators enlarged positions on the back of rising demand in the spot market