Page 747 - Commodity News
Cardamom down 0.1% on low demand
Low demand in the spot market influenced prices of the commodity
 "Cardamom down 0.1% on low demand")
Cashew kernel exports jump 17% in 11 months of FY14
The value of export earnings in dollar terms rises 14% to $765 mn during April-Feb
 "Cashew kernel exports jump 17% in 11 months of FY14")
Oil prices up in Asia on US data
Data showed a better-than-expected jump in US consumer confidence to a six-year high
 "Oil prices up in Asia on US data")
 "MP govt downsizes wheat procurement estimates to 8 million tonnes for 2013-14")
Wheat procurement: FCI may see stiff competition from private traders
While procurement is scheduled to start in Punjab and Haryana on April 1, arrivals of early-sowing varieties have softened prices
 "Wheat procurement: FCI may see stiff competition from private traders")
India shines in De Beers' supplier selection again
De Beers' will now have 82 sightholders; half are Indian entities
 "India shines in De Beers' supplier selection again")
North India more vulnerable to El Niño, says Skymet chief
An El Niño is a temporary change in the climate of the Pacific Ocean, in the region around the equator
Biotech firms smell opportunity in GM crop move, focus on R&D
Industry estimates Rs 600-crore investment on GM seeds this year as field trials allowed to restart
 "Biotech firms smell opportunity in GM crop move, focus on R&D")
Nickel up 0.1% on firm demand, global cues
Market analysts said apart from increased domestic demand from alloy-makers, firmness in base metals overseas, influenced nickel prices
 "Nickel up 0.1% on firm demand, global cues")
Jeera up 0.9% as demand picks up
Spice for delivery in May gained 0.94%
 "Jeera up 0.9% as demand picks up")
Potato down 0.2% on higher supply
Commodity for delivery in April weakened marginally by 0.06%
 "Potato down 0.2% on higher supply")
Gold up 0.1% on firm global cues
The metal advanced 0.4% in Singapore in early trade today
 "Gold up 0.1% on firm global cues")
Crude oil down 0.3% on Asian cues
Oil for May delivery moved down by 0.35%
 "Crude oil down 0.3% on Asian cues")
Mentha oil down 0.5% on profit-bookings
Oil for delivery in April traded lower by 0.46%
 "Mentha oil down 0.5% on profit-bookings")
Cardamom down 0.3% on profit-booking
Adequate stocks position following increased arrivals from producing regions also put pressure on the commodity
Palm oil down 0.3% on sluggish demand
Market analysts said offloading of positions by speculators amid sluggish demand in the spot market influenced the prices
 "Palm oil down 0.3% on sluggish demand")
Chana down 0.3% on increased supply
Analysts attributed the fall in chana prices at futures trade to subdued demand in the spot market
 "Chana down 0.3% on increased supply")
Coriander up 0.7% on upsurge in demand
Market analysts said speculators enlarged their positions, following a pick-up in spot demand
 "Coriander up 0.7% on upsurge in demand")
Zinc up 0.5% on overseas cues, spot demand
Improved demand in the spot market amid a firming trend helped prices
 "Zinc up 0.5% on overseas cues, spot demand")
Copper up 0.5% on positive global cues
Pick-up on spot demand also supported the upside
 "Copper up 0.5% on positive global cues")