Page 754 - Commodity News
FMC to raise trade position limits
RMG recommendsin its favour, feels current limits is inadequate to attract widerparticipation
 "FMC to raise trade position limits")
Inclement weather to affect wheat yield
Farmers rule out possibility of late arrivals, say flattening of plants to affect output
 "Inclement weather to affect wheat yield")
 "Gold near 6-month high in New York")
Imports to remain as peak season rubber output falls
Rubber Board had scaleddown original production estimate twice during current fiscal from 9.6 lakh tonnes to 8.7 lakh tonnes and to further down of 8.5 tonnes
 "Imports to remain as peak season rubber output falls")
Oilseeds production in Gujarat estimated at 4.2 mn tonnes
Due to good monsoon and favourable weather conditions in the state, the area under rabi crop has increased this year
 "Oilseeds production in Gujarat estimated at 4.2 mn tonnes")
Gems and jewellery exports dip 4% to $3.59 bn in Feb
Exports were at $3.74 billion in February 2013
 "Gems and jewellery exports dip 4% to $3.59 bn in Feb")
Maharashtra lags behindother states in ethanol supply to OMCs
Octroi, LBT, price negotiations, delay in payment are issues that hinder sugar mills
 "Maharashtra lags behindother states in ethanol supply to OMCs")
Coriander down 1.3% on weak demand, adequate supply
Spice for delivery in May shed 1.14%
 "Coriander down 1.3% on weak demand, adequate supply")
Chana up 0.7% on pick-up in demand
Commodity for delivery in May traded higher by 0.69%
 "Chana up 0.7% on pick-up in demand")
Copper down 0.4% on global cues, subdued demand
Metal for delivery in far-month June was down by 0.36%
 "Copper down 0.4% on global cues, subdued demand")
Zinc up 0.2% on overseas cues, spot demand
Metal for delivery on LME added as much as 1.1%
 "Zinc up 0.2% on overseas cues, spot demand")
Gold up 0.7% on global cues
Metal for delivery in June moved up by 0.11%
 "Gold up 0.7% on global cues")
Crude oil up 0.1% on firm overseas cues
Oil prices for April also traded up by 0.05%
 "Crude oil up 0.1% on firm overseas cues")
Mentha oil down 0.3% on sluggish demand
Oil for delivery in March traded lower by 0.17%
 "Mentha oil down 0.3% on sluggish demand")
Crude palm oil up 0.1% on spot demand
Oil for delivery in April edged up by 0.08%
 "Crude palm oil up 0.1% on spot demand")
Cardamom down 0.7% on subdued demand
Spice for delivery in April traded lower by 0.61%
 "Cardamom down 0.7% on subdued demand")
High temperature, climatic changes to affect coffee output
A study by International Coffee Organisation reveals that small coffee growers are most vulnerable to climate change and unable to meet emerging challenges
 "High temperature, climatic changes to affect coffee output")
Hawala premia slump on low gold demand
In recent weeks, the premia on buying dollars from the unofficial hawala market has fallen from 4-4.5 per cent to 2.5-2.6 per cent
 "Hawala premia slump on low gold demand")
Gold extends gains to 5-1/2 mth high on safe-haven demand
Global uncertainty over economic growth and tensions in Ukraine burnished the metal's safe-haven appeal
Cardamom down 1.2% on profit-booking
Spice for delivery in April shed 0.31%