Page 741 - Commodity News

Iron ore output set to grow 14%

Increase in production will come from Goa, Odisha and Karnataka

Agri exports outpace other commodities'

The share in overall export basket rose to 10.66% in 2012-13 from 7.06% in 2009-10

India's soymeal exports to Iran hit as sanctions on Tehran ease

Crop geneticists sequence genome of peanut

Peanut (Arachis hypogaea), also called groundnut, is an important crop both commercially and nutritionally

Rupee gain worries seafood exporters

Exporters said, marine products exports may touch about $ four billion in the 2013-14

NMCE gets FMC nod to launch rubber mini contracts

Currently, the National Multi Commodity Exchange offers futures trading in rubber contracts with a maximum trading unit of 100 tonnes

Turmeric up 1.2% on spot demand

Analysts said fresh positions built-up by speculators after demand picked up in the spot market mainly led to rise in the prices

Coriander declines 0.73% on higher supply, low demand

Speculators trim positions on higher arrivals from growing areas

Chana down 0.4% on sluggish demand

Commodity for delivery in May contract traded lower by 0.39%

Sugar up 0.3% on lower output, rising demand

Rising demand from bulk consumers supported the upside

Jeera gains 0.7% on spot demand

However, expectations of higher output cap the gains

Palm oil up 0.4% on rising demand

Oil for delivery in May gained 0.23%

Copper down 0.2% on global cues

Metal for delivery in three months dropped as much as 0.6% on LME

Mentha oil up 0.5% on higher demand

Oil for delivery in May traded higher by 0.47%

Cardamom down 0.1% on sluggish demand

Spice for delivery in April shed 0.09%

Gold up 0.3% on positive global cues

Market analysts said speculators enlarged their positions on the back of a firming global trend

Potato down 0.3% on profit-booking

Commodity for delivery in May contract traded lower by 0.2%

Aluminium weakens on global cues

Speculators trim positions as May contract loses 0.23%

Strengthen credit appraisal for gold metal loans: RBI to banks

RBI advised banks disbursing GML to carry out independent credit appraisal of the borrower and not rely solely on stand-by LC/BG issued by other banks

Ice cream makers turn to fresh milk as powder prices pinch

Prices of skimmed milk powder (SMP), a key ingredient of ice creams, have soared, hitting ice cream manufacturers hard