Page 871 - Commodity News
Syrian crisis spices up jeera exports from India
Record export seen this year with prices hovering at peak levels
 "Syrian crisis spices up jeera exports from India")
What A Deal: Onion at Rs 9/kg
American site Groupon offers All-India deal with 21,000 kg spread
 "What A Deal: Onion at Rs 9/kg")
Onion and cotton exports may lose export incentives
Senior officials pointed out that some products are on one hand availing export incentives under FMS while on the other hand there are curbs on their exports
 "Onion and cotton exports may lose export incentives")
Global food price declines fourth month in a row
Record high output coupled with marginal decline in consumption to keep inventory up
 "Global food price declines fourth month in a row")
Soybean up 1.7% on global cues
Marketmen said thin supply and pick up in domestic demand mainly supported the upsurge in futures trade
 "Soybean up 1.7% on global cues")
Oilmeals exports jumps more than two fold in Aug: SEA
Country shipped 1,25,780 tonnes of oilmeals in the same month last year
18-fold jump in soyameal exports to 1.83 LT in Aug
In the previous month of July, soyameal shipments were at 1.07 lakh tonnes
 "18-fold jump in soyameal exports to 1.83 LT in Aug")
Refined soya down 1.3% on sluggish demand
Oil for delivery in September traded lower by 0.8%
 "Refined soya down 1.3% on sluggish demand")
Chilli down 2.8% on adequate supply
Chilli for delivery in October declined by 1.74%
 "Chilli down 2.8% on adequate supply")
Chana rises by 0.8% as demand picks up
Speculators indulged in creating positions, driven by pick up in demand
 "Chana rises by 0.8% as demand picks up")
Lead down 1.2% on subdued spot demand, global cues
Marketmen said weakness in copper and other base metals overseas curbed demand for industrial metals
 "Lead down 1.2% on subdued spot demand, global cues")
Copper down 1.2% on global cues, profit-booking
Metal for delivery in November traded lower by 1.18%
 "Copper down 1.2% on global cues, profit-booking")
Crude palm oil down 1.6% on sluggish demand
Oil for delivery in the same month traded lower by 1.37%
 "Crude palm oil down 1.6% on sluggish demand")
Potato up 0.7% on strong demand
Potato for delivery in far-month March also edged up by 0.36%
 "Potato up 0.7% on strong demand")
Mentha oil edges up by 0.2% on spot demand
Speculators enlarged their positions after pick up in demand in the spot market
 "Mentha oil edges up by 0.2% on spot demand")
Cardamom surges by 4% on strong demand, tight supply
Fresh positions created by speculators following strong demand influenced prices
 "Cardamom surges by 4% on strong demand, tight supply")
Crude oil futures down 0.6%
Recovery in the rupee's value affected prices
 "Crude oil futures down 0.6%")
Silver futures down by 1.3% on overseas cues
Recovery in the rupee also put pressure on silver futures prices
 "Silver futures down by 1.3% on overseas cues")
Gold futures down 0.9% on global cues
Further recovery in the rupee also weighed on gold prices at futures trade
 "Gold futures down 0.9% on global cues")
Foreign dairy players eye India entry
Value added dairy products to see compound annual growth rate of 20 to 30% in next 4-5 years
 "Foreign dairy players eye India entry")