Page 770 - Commodity News

Price fall hits agri exports

Issues differ across commodities but a common theme of the trade is a lack of sustained govt support, besides a lack of timely response to feedback

Bearish market puts sugar industry in crisis

No contract with bulk buyers, Ethanol supply to OMCs disappointing, exports unviable, losses in domestic sale huge

Thailand interested in importing rice-bran oil from India

Domestic rice bran oil consumption increasing at 25% CAGR

Global coffee exports down 1.8% in 2013

Vietnam, the second largest exporter saw biggest fall, shipping 18.4 mn bags in calendar 2013, down 19.5% from previous year

Crude palm oil extend losses on sluggish demand

Adequate stocks availability mainly kept pressure on prices

Potato weakens by 0.2% on fresh supply pressure

Offloading of positions by speculators affected the prices

Cardamom futures remain weak on subdued demand

Analysts said offloading of positions by speculators due to low demand affected prices

Mentha oil gains by 0.5% on strong demand

Strong demand from consuming industries in the spot market supported prices

Sugar falls 0.8% on profit-booking

Traders book profit on lower offtake, ample supplies from producing regions

Zinc up by 0.2% on overseas cues

Marketmen said improved demand in the spot market amid a firming trend in base metals overseas, supported the prices

Chana adds 0.62% on pick up in spot demand

Traders build positions on higher offtake

Copper up 0.43% on firm global cues, spot demand

Higher offtake from consuming industries drives prices up

Nickel up by 0.6% on firm demand

An encouraging trend copper and other base metals in the global markets supported the upside

Silver futures down 0.26% on lower global trend

Traders offload positions as metal loses shine over US Fed's pledge to continue with taper

Aluminium edged higher by 0.4%

Increased demand at domestic spot markets influenced prices

Gold futures down on weak global cues, profit-booking

Traders book profits as US Fed pledge to continue with gradual tapering drives prices down

Oil prices up on winter demand, Yellen testimony

Investors seem to like the certainty and confidence of new Fed Chief Janet Yellen

MCX volumes grow on huge trading interest in natural gas

Record cold in the US and Europe sees spurt in gas demand; this spurs volatility, traders increase time-bound bets

Textile sector on cusp of revival

However, textile industry reviving and some of closed mills could restart if they can manage to upgrade themselves

Investors find diamond solitaire safe bet, price up 37% in a year

Supply shortage supported the move, unlikely to cool down any time soon due to favourable festive demand