Page 736 - Commodity News
Global wheat output may decline to 700 MT in 2014-15: IGC
Due to tight supply-demand situation, global wheat exports are expected to be down at 143 MT in 2014-15
 "Global wheat output may decline to 700 MT in 2014-15: IGC")
Gold, silver imports dip 40% in 2013-14
In March, the imports of the precious metals were down by 17%
 "Gold, silver imports dip 40% in 2013-14")
Potato up 0.7% on rising demand
Commodity for delivery in May contract traded higher by 0.39%
 "Potato up 0.7% on rising demand")
Refined soya oil down 0.2% on subdued demand
Oil for delivery in May shed 0.17%
 "Refined soya oil down 0.2% on subdued demand")
Chana down 0.9% on higher arrivals
Subdued demand in the spot market put pressure on chana prices
 "Chana down 0.9% on higher arrivals")
Cardamom up 0.6% as demand picks up
Spice for delivery in May edged higher by 0.57%
 "Cardamom up 0.6% as demand picks up")
Mentha oil down 0.1% on low demand
Oil for delivery in May traded marginally lower by 0.05%
 "Mentha oil down 0.1% on low demand")
Nickel up 0.1% on firm demand, global cues
Metal for delivery in three months climbed 0.6%
 "Nickel up 0.1% on firm demand, global cues")
Lead down 0.1% on sluggish demand, overseas trend
Sluggish demand, weak trend mainly kept pressure on lead prices
 "Lead down 0.1% on sluggish demand, overseas trend")
Zinc down 0.1% on global cues
Marketmen said speculators offloaded their positions in tandem with a weak global trend mainly influenced zinc prices
 "Zinc down 0.1% on global cues")
Copper down 0.2% on weak global cues
Analysts attributed the fall in copper futures to weak global cues and subdued demand at domestic spot markets
 "Copper down 0.2% on weak global cues")
Aluminium down 0.3% on global cues
Subdued demand in the domestic spot markets also weighed on the metal prices
 "Aluminium down 0.3% on global cues")
Crude oil prices fall further in Asia
Expectations that Libyan oil will return to the market after rebels lifted a blockade helped push prices lower
 "Crude oil prices fall further in Asia")
Diamond trade looks towards Russia
GJEPC inks pact with Russia's Alrosa for data sharing, India targets $5 bn rough importsfrom $767 mn now
 "Diamond trade looks towards Russia")
Iron ore export to spurt as Goa resumes mining
10-15 mt could be added to the export basket this year
 "Iron ore export to spurt as Goa resumes mining")
Storage: FCI in comfort zone
Lesser dependence on hired storage indicates lesser cost burden on the government.
Iron ore exports likely to double in FY15
Resumption of mining in Goa will be a big booster for industry as it could add about 15 million tonne to the export basket this year
 "Iron ore exports likely to double in FY15")
Chana up 0.2% as demand picks up
Commodity for delivery in April contract traded higher by 0.26%
Jeera up 1.9% on spot demand
Spice for delivery in April gained 1.84%
 "Jeera up 1.9% on spot demand")