Page 817 - Commodity News
Sugar crisis deepens in UP: 65 private millers notify suspension of operations
State govt says mills should have waited for 2013-14 cane price
 "Sugar crisis deepens in UP: 65 private millers notify suspension of operations")
Chilli down 3.9% on sluggish demand
Analysts said subdued demand at spot markets against adequate stocks following higher supplies mainly put pressure on chilli futures prices
 "Chilli down 3.9% on sluggish demand")
Coriander down 0.9% on weak demand, adequate supply
Spice for delivery in December traded lower by 0.54%
 "Coriander down 0.9% on weak demand, adequate supply")
Sugar up 0.8% on spot demand
Sweetener for delivery in November gained 0.58%
 "Sugar up 0.8% on spot demand")
Cardamom up 0.5% on upsurge in demand
Spice for delivery in December gained 0.35%
 "Cardamom up 0.5% on upsurge in demand")
Crude palm oil up 0.3% on spot demand
Oil for delivery in December traded higher by 0.27%
 "Crude palm oil up 0.3% on spot demand")
Mentha oil up 0.2% on spot demand
Oil for delivery in December edged up by 0.18%
 "Mentha oil up 0.2% on spot demand")
Potato down by 0.5% on sluggish demand
Commodity for delivery in April shed 0.39%
 "Potato down by 0.5% on sluggish demand")
Crude oil up 0.4% on overseas cues
Oil for December moved up by 0.36%
 "Crude oil up 0.4% on overseas cues")
Silver moves up in futures trade by 0.4%
White metal for delivery in December traded higher by 0.43%
 "Silver moves up in futures trade by 0.4%")
Copper up 0.4% on global cues, spot demand
Globally, the metal for delivery in three months climbed 0.7% to trade
 "Copper up 0.4% on global cues, spot demand")
Gold futures recover 0.2%
Metal for delivery in the February moved up by 0.17%
 "Gold futures recover 0.2%")
Farm ministry favours graded duties on edible oil imports
Wants mechanism under which duties will go up automatically if international edible oil prices fall, and vice versa
Vietnam pepper output likely to be 150,000 tonnes, India's 45,000
All eyes on the two as their prices would decide market movement
 "Vietnam pepper output likely to be 150,000 tonnes, India's 45,000")
FMC considers nod to trading in short-term delivery contracts
Forward contracts are compulsory delivery contracts, with a duration of seven or 11 days
 "FMC considers nod to trading in short-term delivery contracts")
Coconut oil market heats up, retail price at Rs 110/kg
This is due to the October-December seasonal shortfall in production
 "Coconut oil market heats up, retail price at Rs 110/kg")
 "Gold reverses from one-week low")
Rubber park in Kollam district to be ready by 2015
The park is coming up on 52 acres of land provided by the state industries department with an estimated cost of Rs 16.25 crore
 "Rubber park in Kollam district to be ready by 2015")
Over 17.5 million tonnes of paddy procured in Punjab and Haryana
Out of the total procurement, 12.53 mn tonnes of paddy was procured from Punjab
 "Over 17.5 million tonnes of paddy procured in Punjab and Haryana")
Edible oils fall on reduced offtake, global cues
Castor, linseed oils also declined on lack of demand from consuming industries
 "Edible oils fall on reduced offtake, global cues")