Page 716 - Commodity News
Palm oil down 0.8% on subdued demand
Adequate stocks position in the physical market also put pressure on crude palm oil prices
 "Palm oil down 0.8% on subdued demand")
Mentha oil up 0.1% as demand picks up
Oil for delivery in May edged up by 0.14%
 "Mentha oil up 0.1% as demand picks up")
Turmeric down 2.4% on sluggish demand
Spice for delivery in May lost 1.83%
 "Turmeric down 2.4% on sluggish demand")
Jeera up 1.5% on export demand
Spice for delivery in June gained 0.49%
 "Jeera up 1.5% on export demand")
Textile min plans global push for Indian silk
Various fiscal measures undertaken to boost industry
 "Soybean price down on low soy product demand")
Edible oil industry to see four-fold increase in capex this year
With refinery margins turn positive, import of crude oil rises 27% in April, trend likely to continue in future as well
 "Edible oil industry to see four-fold increase in capex this year")
Gold jewellery exports up 14.7% in April
In April 2013, gold jewellery exports stood at $527 million
 "Gold jewellery exports up 14.7% in April")
Global gold, silver production to achieve new highs in 2014
For gold, significant growth emerged in China
 "Global gold, silver production to achieve new highs in 2014")
Global wheat, corn yields seen suffering from El Nino: Study
Based on the area harvested worldwide in 2000, about 22% of wheat suffered a 'significant' negative impact from El Nino
 "Global wheat, corn yields seen suffering from El Nino: Study")
India's groundnut exports fall 8% in 11 months
Huge carryover stocks in global markets led by bumper crop in Argentina, US cited as key reasons for decline
 "India's groundnut exports fall 8% in 11 months")
Gold prices to ease, silver may firm up this week
Standard gold declined 2.67% in Mumbai's Zaveri Bazaar last week to close at Rs 29,200 per 10g on Saturday
 "Gold prices to ease, silver may firm up this week")
Gold down 1% on global cues
Metal for delivery in August fell by 1.03%
Silver down 0.9% on weak overseas trend
Metal for delivery in July dropped by 0.96%
 "Silver down 0.9% on weak overseas trend")
Oil prices rebound in Asia
New York's main contract, West Texas Intermediate for June delivery, was up 50 cents at $102.00 a barrel
 "Oil prices rebound in Asia")
Sugar down 0.5% on low demand, higher supply
Commodity for delivery in June shed 0.43%
 "Sugar down 0.5% on low demand, higher supply")
Appetite for silver at all-time high
Demand rises 13% in 2013, driven by 76% rise in retail investment in bars and coins; growth in industrial demand muted
 "Appetite for silver at all-time high")
Karnataka govt, sugar mills at loggerheads over cane arrears
In 2013-14, sugar mills recorded 16 per cent growth in cane crushing at 37.25 mt, with a recovery of 11.04 per cent. Sugar production rose 23 per cent to 4.11 mt
 "Karnataka govt, sugar mills at loggerheads over cane arrears")
China now India's top coir export destination
In the previous financial year, total export was 429,501 tones valued at Rs 1116 crore
 "China now India's top coir export destination")
Spot iron ore prices slip below $100 a tonne
For 63-63.5 per cent iron fines, spot ore prices have fallen 19 per cent year-on-year to $95 a tonne, on a free-on-board basis
 "Spot iron ore prices slip below $100 a tonne")