Page 757 - Commodity News
Soyameal exports fall 68% in February
Shipments of soyameal stood at 5.11 lakh tonnes in the same month last year
 "Soyameal exports fall 68% in February")
Indian gold premiums fall to five-month low ahead of elections
Gold was trading near a four-month high of $1,354.80 on Friday
 "Indian gold premiums fall to five-month low ahead of elections")
Aluminium up 0.1% on global cues, spot demand
Strong demand in the spot markets influenced metal prices
 "Aluminium up 0.1% on global cues, spot demand")
Lead up 0.3% on rising demand, global cues
Metal for delivery in April rose by 0.23%
 "Lead up 0.3% on rising demand, global cues")
Palm oil up 0.5% on spot demand
Analysts said speculators created fresh positions after pick up in demand in the spot market mainly led to the rise
 "Palm oil up 0.5% on spot demand")
Mentha oil up 0.5% on strong demand
Tight stocks position in the physical market due to less arrivals supported the uptrend
 "Mentha oil up 0.5% on strong demand")
Potato up 0.4% on spot demand
Commodity for delivery in March edged up by 0.07%
 "Potato up 0.4% on spot demand")
Cardamom up 1.9% on rising demand
Spice for delivery in April traded higher by 0.52%
 "Cardamom up 1.9% on rising demand")
Zinc up 0.2% on global cues
Improved demand in the spot market also influenced prices
 "Zinc up 0.2% on global cues")
Oil prices up on US jobs optimism, Ukraine
Mounting tensions over Russia's incursion into Ukraine's Crimean peninsula continue to provide strong support to oil prices
 "Oil prices up on US jobs optimism, Ukraine")
Australia cautions India over processed food exports
One of the key reasons for rejections has been the new food labeling law and policy in Australia
 "Australia cautions India over processed food exports")
Coffee output dips 12% in 2013-14
So far this season, exports have been contracted at lower prices
 "Coffee output dips 12% in 2013-14")
Lower CAD gives room to relax gold import curbs
Expert says the curbs, along with lower gold prices, may lower imports to $25 billion in FY14 from $53.8 billion in FY13
 "Lower CAD gives room to relax gold import curbs")
Sugar production to decline 5% on adverse climate
Decline due to unfavourable climatic condition resulting into lower yield in major growing areas
 "Sugar production to decline 5% on adverse climate")
Stable maize prices to aid starch makers
This year, maize prices have ranged between Rs 1,200 a quintal and Rs 1,250 a quintal, against the minimum support price of Rs 1,310 a quintal
 "Stable maize prices to aid starch makers")
India harvests lower coffee crop for 2013-14
The production is estimated at 280,000 tonnes, about 12% lower than last year
 "India harvests lower coffee crop for 2013-14")
Refined soya oil down 0.7% on subdued demand
Oil for delivery in April traded lower by 0.62%
 "Refined soya oil down 0.7% on subdued demand")
Chana up 0.1% as demand picks up
Commodity for delivery in April added 0.12%
 "Chana up 0.1% as demand picks up")
Coriander down 1.1% on adequate supply
Spice for delivery in May lost 1.07%
 "Coriander down 1.1% on adequate supply")
Copper down 0.2% on weak global cues
Metal for delivery in June shed 0.18%
 "Copper down 0.2% on weak global cues")