Page 737 - Commodity News
Storage: FCI in comfort zone
Lesser dependence on hired storage indicates lesser cost burden on the government.
 "Storage: FCI in comfort zone")
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%
 "Chana up 0.2% as demand picks up")
Jeera up 1.9% on spot demand
Spice for delivery in April gained 1.84%
 "Jeera up 1.9% on spot demand")
Silver up 2% on global cues
Analysts said speculators created fresh positions in tandem with higher global trend, pushing silver prices higher
 "Silver up 2% on global cues")
Gold up 1.1% on positive global cues
Metal for delivery in Aug moved up by 0.95%
 "Gold up 1.1% on positive global cues")
Sugar down 0.6% on profit-booking
Commodity for delivery May traded lower by 0.54%
 "Sugar down 0.6% on profit-booking")
Zinc up 0.1% on overseas cues, spot demand
Metal for delivery in May also rose by 0.05%
 "Zinc up 0.1% on overseas cues, spot demand")
Aluminium up 0.5% on firming overseas trend
Metal for delivery in May traded higher by 0.49%
 "Aluminium up 0.5% on firming overseas trend")
Potato up 0.7% on spot demand
Commodity for delivery in April also moved up by 0.58%
 "Potato up 0.7% on spot demand")
Nickel up 1.2% on firm demand
Rise in copper and other base metals in global markets also supported the upside
 "Nickel up 1.2% on firm demand")
Palm oil down 0.8% on weak demand
Oil for delivery in May traded lower by 0.7%
 "Palm oil down 0.8% on weak demand")
Mentha oil up 0.6% on rising demand
Oil for May contract traded higher by 0.5%
 "Mentha oil up 0.6% on rising demand")
Cardamom down 0.4% on profit-booking
Spice for delivery in April shed 0.12%
 "Cardamom down 0.4% on profit-booking")
 "Philippines in dialogue with India on rubber")
Evening trade faces opposition
FMC had on March 14 announced an extension of trading hours on exchanges under its ambit for 10 agricultural commodities beyond the 5 pm deadline, to 11.30 pm effective from April 1
 "Evening trade faces opposition")
Record rise in seafood export, 1-mt mark crossed
Fall in production of shrimp from SE Asian countries, lowering of CVD help
 "Record rise in seafood export, 1-mt mark crossed")
Cotton yarn exports face Chinese hurdle
Since Jan, the rupee has been rising and the yuan falling, eroding our earlier cost aadvantage; also, direct import demand for Indian cotton from China seems set to fall
 "Cotton yarn exports face Chinese hurdle")
Differences abound over iron ore e-auctions in Karnataka
Steel makers, who support the proposal, face opposition from miners