Page 717 - Commodity News
Mango exports to US likely to rise by 42% this year
Last year, India had shippped about 281 tonnes of mangoes to America
 "Mango exports to US likely to rise by 42% this year")
Sugar rises 0.52% on pick-up in demand
Traders create fresh positions on higher offtake from bulk consumers
 "Sugar rises 0.52% on pick-up in demand")
Silver futures down 0.59% on global cues
Traders book profits as metal loses lustre in Singapore
 "Silver futures down 0.59% on global cues")
Gold futures down 0.58% on global cues, rising rupee
Traders trim positions as metal loses 0.24% in Singapore
 "Gold futures down 0.58% on global cues, rising rupee")
Jeera sheds 0.36% on subdued demand
Traders pare holdings as higher arrivals from key growing areas add to downward pressure
 "Jeera sheds 0.36% on subdued demand")
Guarseed falls 3% on weak spot demand
Traders pare positions as higher arrivals from growing regions add to downward pressure
 "Guarseed falls 3% on weak spot demand")
Turmeric up 1.45% on higher demand
Traders create fresh positions on buoyant exports, lower arrivals from growing areas
 "Turmeric up 1.45% on higher demand")
Crude palm oil up marginally on pick up in demand
May, June contracts gain about 0.6% each as traders create fresh positions
 "Crude palm oil up marginally on pick up in demand")
Mentha oil sheds almost 2% on profit-booking
Traders offload positions on subdued demand in spot market
 "Mentha oil sheds almost 2% on profit-booking")
Chana declines 0.27% on increased supply
Speculators patre positions on higher arrivals from key growing areas
 "Chana declines 0.27% on increased supply")
Refined soya oil surges 0.36% on strong demand
Traders build positions on higher offtake during wedding season
Zinc trades lower on profit-booking
May, June contracts lose 0.48% and 0.36% respectively
 "Zinc trades lower on profit-booking")
Crude oil futures down 0.28% on weak Asian cues
Traders pare positions as commodity sheds 33 cents in New York
 "Crude oil futures down 0.28% on weak Asian cues")
Lead sheds 0.43% on sluggish demand, overseas cues
Lower offtake from battery makers, weak trend in base metals on LME push prices down
 "Lead sheds 0.43% on sluggish demand, overseas cues")
Nickel plunges over 4% on global cues, profit-booking
Traders offload positions as lower offtake from alloy makers adds to downward pressure
 "Nickel plunges over 4% on global cues, profit-booking")
Crude prices ease in Asian trade
US benchmark, West Texas Intermediate for June delivery, was down 33 cents to $102.04 a barrel
 "Crude prices ease in Asian trade")
EU lifts ban on poultry imports from India
To benefit only large companies that comply with stringing EU norms, may change sentiment to boost exports to other regions
 "EU lifts ban on poultry imports from India")
10 mt of wheat export possible by reducing spoilage: Study
The Assocham study says it's possibly only if annual output is 95 mn tonnes and spoilage is reduced
 "10 mt of wheat export possible by reducing spoilage: Study")
Veg oil imports up 27% in April on lower domestic crushing
Veg oil refineries opted to build inventories of crudeoil now rather than import refined oil earlier due to positive refining margins
MCX board caps FTIL voting rights
MCX will freeze the voting rights of FTIL at 2%, in line with FMC directions, till the promoter is able to cut stake
 "MCX board caps FTIL voting rights")