Page 704 - Commodity News
Mentha oil down 0.4% on higher supply
Oil for delivery in July contract shed 0.35%
 "Mentha oil down 0.4% on higher supply")
Nickel up 0.2% on global cues
Metal for delivery in July traded higher by 0.19%
 "Nickel up 0.2% on global cues")
Copper down 0.3% on weak global cues
Metal for delivery in August also fell by 0.26%
 "Copper down 0.3% on weak global cues")
Lead down 0.1% on sluggish demand, global cues
Sluggish demand, weak trend in base metals led to the fall in prices
 "Lead down 0.1% on sluggish demand, global cues")
Crude prices mixed in Asia after ECB rate cuts
The ECB on Thursday slashed its deposit rate to -0.10%
 "Crude prices mixed in Asia after ECB rate cuts")
Madhya Pradesh tries to address soya seed shortage
This year, soya acreage in Madhya Pradesh is estimated to be around 6.6 million hectares
 "Madhya Pradesh tries to address soya seed shortage")
Wheat procurement nearly over, stands at 27.6 mt
With fears of a monsoon deficit due to a possible El Niño effect, a balance of 14 mt of wheat is comfortable stock: sources
 "Wheat procurement nearly over, stands at 27.6 mt")
Tea prices set to increase on lower production
Poor rainfall hits Assam, Bengal tea output
 "Tea prices set to increase on lower production")
Cotton exports likely to fall in FY15 despite expectations of higher acreage
The Cotton Association says India is likely to produce 38 mn bales this year. Sowing area is expected to go up by 10-15 per cent
 "Cotton exports likely to fall in FY15 despite expectations of higher acreage")
Marine exports body eyes $6 billion revenues
Southeast Asia continued to be the largest buyer of Indian marine products with a share of 26.38%in dollar terms, followed by the US at 25.68%
 "Marine exports body eyes $6 billion revenues")
Milk production in 2013-14 rises by 6% to 140 million tonnes: NDDB
Uttar Pradesh continued to remain the leading milk producer, followed by Rajasthan & Gujarat
 "Milk production in 2013-14 rises by 6% to 140 million tonnes: NDDB")
Chana up 0.1% on rising demand
Commodity for delivery in June contract edged up by 0.07%
 "Chana up 0.1% on rising demand")
Sugar up 0.6% as demand picks up
Commodity for delivery in July contract traded higher by 0.54%
 "Sugar up 0.6% as demand picks up")
UP heat on sugar mills over arrears
State govt has started process of registering FIRs and issuing recovery certificates against defaulting mills
 "UP heat on sugar mills over arrears")
Mentha oil down 0.2% as demand decline
Oil for delivery in July contract shed 0.07%
Palm oil down 0.2% on low demand
Oil for delivery in July shed 0.14%
 "Palm oil down 0.2% on low demand")
Zinc down 0.2% on subdued spot demand
Metal for delivery in July edged lower by 0.16%
 "Zinc down 0.2% on subdued spot demand")
Aluminium down 0.2% on global cues
Metal for delivery in June traded lower by 0.23%
 "Aluminium down 0.2% on global cues")
Nickel down 0.4% on global cues, subdued demand
Metal for delivery in July traded lower by 0.34%
Crude oil down 0.4% on weak Asian cues
Oil for the July delivery moved down by 0.38%
 "Crude oil down 0.4% on weak Asian cues")