Page 646 - Commodity News
Ruchi Soya plans to cut edible oil price by 10%
The company has already reduced retail prices by 20% across all edible oils
 "Ruchi Soya plans to cut edible oil price by 10%")
Oilseed crop estimated to fall
Total area under oilseeds this year is estimated to be 16.5 mn ha compared to 18.2 mn ha last year
 "Oilseed crop estimated to fall")
 "Global NR pricenosedives to Rs 95/Kg, Rs 120 in India")
Onion hits the bottom on subdued demand
Average onion price in August plunged by over 40% from the corresponding month previous year
 "Onion hits the bottom on subdued demand")
 "Gold glitters on festive demand, up Rs 590/10g")
Cardamom gains by 1.9% on rising spot demand
Traders enlarged their commitments, supported by a pick-up in export
 "Cardamom gains by 1.9% on rising spot demand")
Nickel rises by 0.1% as demand picks up
Speculators enlarged positions, supported by rising demand
 "Nickel rises by 0.1% as demand picks up")
Zinc up by 0.3% on spot demand
Speculators enlarged positions on the back of rising demand
 "Zinc up by 0.3% on spot demand")
Aluminium marginally up on global cues
Rising demand in the domestic spot markets also influenced metal prices
 "Aluminium marginally up on global cues")
Copper up by 0.2% on global cues
Rising demand at domestic spot markets supported the upward trend
 "Copper up by 0.2% on global cues")
 "MCX concludes revised tech deal with FTIL")
States asked to ensure seeds, fertilisers for rabi
The government has set a target to keep 43,000 tonnes of additional wheat seed available for the ensuing rabi season
 "States asked to ensure seeds, fertilisers for rabi")
Problem of plenty: Govt may intervene in cotton market
Prices may fall below MSP; cotton farmers important constituency in poll-bound Maharashtra
 "Problem of plenty: Govt may intervene in cotton market")
Rising global demand pushes up spice exports
Export of all major spices like pepper, chilli, ginger, turmeric, seed spices and value added products has marked an outstanding growth
Global natural rubber price nosedives to Rs 95/kg
Bangkok records the lowest price since 2007
Mentha oil up 1% on strong demand
Oil for delivery in October edged higher by 0.94%
 "Mentha oil up 1% on strong demand")
Palm oil up 0.8% on spot demand
Oil for delivery in September went up by 0.6%
 "Palm oil up 0.8% on spot demand")
 "Supply permits from Bengal sell at big premiums in grey market")
Good days elude domestic steel companies
Consumers showing reluctance to absorb price increase
 "Good days elude domestic steel companies")
High domestic steel prices may trigger import rush
Steel in India is more expensive compared to spot market prices in most countries in CIS
 "High domestic steel prices may trigger import rush")