Page 623 - Commodity News
Govt orders Cotton Corp to buy produce, check price fall
The prices have fallen due to an expected bumper harvest
 "Govt orders Cotton Corp to buy produce, check price fall")
Planters see lower crop than estimated by Coffee Board for 2014-15
The Coffee Board has projected a record crop at 344,500 tonnes as against the planters' estimate of 300,000 tonnes for 2014-15
 "Planters see lower crop than estimated by Coffee Board for 2014-15")
Wheat sowing delayed, acreage unlikely to go up
October 15 to November 15 is considered the ideal period for sowing wheat
 "Wheat sowing delayed, acreage unlikely to go up")
UP administers sugary syrup to mills
A couple of mills have started crushing and more units are expected to join in the coming days
 "UP administers sugary syrup to mills")
 "Price fall fear prompts oilmeal forward sales")
Brent falls below $81 as oil glut worries counter disruption risks
With oil prices down 30 per cent since June, delegates in the Opec are starting to suggest they may push for an informal output cut of around 500,000 barrels per day
 "Brent falls below $81 as oil glut worries counter disruption risks")
Rubber price falls below Rs 120/kg
Major producing countries meeting next week to support prices
 "Rubber price falls below Rs 120/kg")
Gold shines on wedding season demand, global cues
Metal soared by Rs 400 to Rs 26,450 per 10 grams in national capital
 "Gold shines on wedding season demand, global cues")
Turmeric gains 0.79% on rising demand
Tight supplies in physical market on lower arrivals from growing regions support upside
 "Turmeric gains 0.79% on rising demand")
Chana down 0.47% on profit-booking
Adequate stock positions in the physical market also put pressure on prices
 "Chana down 0.47% on profit-booking")
Mentha oil up 0.41% as demand picks up
Higher offtake from consuming industries, limited supplies fuel uptrend
 "Mentha oil up 0.41% as demand picks up")
Guargum up 1.83% on increased buying
Marketmen attributed rise to fresh positions by speculators and fall in supplies from growing regions
 "Guargum up 1.83% on increased buying")
Zinc down by 0.4% on subdued demand
Speculators reduced positions amid sluggish domestic demand and weak global trend
 "Zinc down by 0.4% on subdued demand")
Cardamom down 1.3% on low demand
Speculators trimmed positions amid low demand in the spot market
 "Cardamom down 1.3% on low demand")
Nickel down by 0.5% on global trend
Weak demand from alloy makers at domestic spot markets also affected prices
 "Nickel down by 0.5% on global trend")
Lead shed 0.4% on global cues
Besides, subdued demand from battery makers in the domestic spot markets, weighed on prices
 "Lead shed 0.4% on global cues")
Copper down 0.2% on weak global cues
Speculators reduced positions, tracking a weak trend in base metals overseas
 "Copper down 0.2% on weak global cues")
Crude palm oil recovers 0.3% on rising demand
Speculators created fresh positions amid pick-up in demand in spot markets
 "Crude palm oil recovers 0.3% on rising demand")
Vegetable prices up on delayed harvesting, to remain high for some weeks
Price of ladies finger shot up staggering 236% at Vashi wholesale market last month
 "Vegetable prices up on delayed harvesting, to remain high for some weeks")
More gold import curbs coming
The import bill of gold for October is estimated to have gone up to $3.5 billion
 "More gold import curbs coming")