Page 853 - Commodity News

Sugar mills sitting on huge inventory of 8.5 mn tonnes: ISMA

Stock pile up may spell trouble for sector, says industry body, seeks govt support and rationalisation of cane prices

Study pushes for post-harvest management

Assocham says 25 mn tonnes annual grain wastage could then stop, promoting farmer incomes, export and lower food prices

Base metals to remain weak on US shutdown, Chinese overhang

Base metals led by copper recovered a bit towards end of last week on short covering from opportunistic investors

Domestic gold demand improves as prices dip 1%

Gold demand from the countryside is likely to rise in coming weeks as farmers are set to harvest bumper crops aided by a good monsoon

Wheat export: MMTC,STC & PEC get bids lower than floor price

In Aug, CCEA had approved 2 MT of wheat exports from FCI godowns for this fiscal subject to a floor price of $300 per tonne

OMCs may miss ethanol blending target again

Sugar mills offered between Rs 60-65 a litre for ethanol supply for rejected bids

Castorseed up 0.9% on short covering

Near November contract also attracted buyers attention, rose by 0.79%

Potato up 0.9% on spot demand

Potato for delivery in April moved up by 0.88%

Cottonseed up 0.6% on increase buying

Rising demand at spot markets, fall in supplies influenced trading sentiments in futures trade

After wheat, now rice procurement too drops

FCI this year purchased around 34.1 MT of rice from farmers, while last year it had purchased around 35 MT

Jeera up 0.3% as demand picks up

Spice for delivery in November traded higher by 0.16%

Turmeric up 1.2% on rising demand

Spice for delivery in November moved up by 1.03%

Crude oil down 1.4% on weak Asian cues

Oil for November delivery moved down by 1.33%

Sugar up 0.3% on spot demand

Sweetener for delivery in November gained 0.28%

Mentha oil up 0.1% on tight supply

Market analysts said fresh positions built up by speculators driven by firm demand from consuming industries in the spot market, led to rise in mentha oil prices

Cardamom up 0.3% on strong demand

Spice for delivery in October edged up 0.08%

Crude palm oil down 0.2% on sluggish demand

Analysts attributed the continued fall in crude palm oil at futures trade to sluggish demand in the spot market against sufficient supplies

Zinc down 0.8% on global cues, subdued demand

Metal prices for delivery in November traded lower by 0.69%

Nickel weaken by 0.5% on sluggish demand

A weak trend in base metals at the global market also affected prices

Lead down by 0.8% on subdued demand

A weak trend in the entire base metals overseas also affected prices