Page 657 - Commodity News

Refined soya oil moves up 0.9% on strong demand

Analysts said fresh positions built-up by speculators on the back of strong demand in spot markets against tight supplies from producing regions, mainly led to the rise

Mentha oil up 0.2% on spot demand

Restricted arrivals from producing regions, tight stocks fuelled the uptrend

Cardamom up 0.4% as demand picks up

Spice for delivery in September contract moved up by 0.32%

Chana down 0.5% on supply pressure

Commodity for delivery in September moved down by 0.42%

Barley up 1% on low-level buying in spot markets

Marketmen said besides emergence of low-level demand in the spot markets, restricted supplies from growing regions, mainly supported the uptrend

Soyabean down 1% on weak global cues

Market analysts attributed fall in soyabean prices at futures trade to offloading of positions by speculators, tracking a weak trend overseas

Copper rises by 0.3% on global cues

Speculators created fresh positions in tandem with a firming global trend

Aluminium up by 0.2% on global cues

Increased demand at domestic spot markets also influenced prices

Oil prices mixed after weak China data

Dealers now await fresh US economic figures

Promise of partial energy security in ethanol blending

Former president George Bush enacted laws that set minimum prices for biofuels and required refiners to step up annual sales

Coffee exports decline 5.4% in Jan-Aug

However, exporters' earnings were up 4% to Rs 3,590 cr on higher unit value realisations

Grain Board urged for wheat export boost

Wheat export in April-May last year was $475 mn, which came down to $367 mn in the same period this year

Challenges ahead for spinning mills

Rise in yarn production in China expected to hit Indian mills

Gold futures fall 0.25% on profit-booking

Speculators exit even as metal strengthens overseas

Silver futures fall 0.3% on overseas cues

Speculators partially offloaded positions amidst a weak global trend

Crude oil falls by 0.1% on mixed global cues

Dealers have been digesting the downcast Chinese manufacturing data

Gold imports on the rise ahead of festive season

Jewellery demand expected to normalise; investment demand still low

Centre likely to freeze jute bags capacity at 2.59 mn bales

This, as internal consumption of jute bags lower than the actual capacity

Soyameal exports down 82% in April-July 2014

In July 2014 export of oilmeals stood at 115,094 tonnes as against 182,133 tonnes in July 2013 a decline of 37%

Onion sowing picks up in Maharashtra owing to good rainfall

Maharashtra is country's largest grower and a key determinant of onion wholesale and retail prices