Page 911 - Commodity News
Domestic tea demand to touch 1,000 mn kg by 2017: Ghatowar
says tea industry should "carefully protect" its nurtured markets abroad
 "Domestic tea demand to touch 1,000 mn kg by 2017: Ghatowar")
Vegetable oil imports up 21% in June
Edible vegetable oils imports stood at 9,11,091 tonnes while non-edible oils stood at 36,500 tonnes
 "Vegetable oil imports up 21% in June")
Turmeric surge 3.7% on tight supply
Turmeric for delivery in August shot up by 3.69%
 "Turmeric surge 3.7% on tight supply")
Veg oil import up 21% in June; 12% in Nov-Jun period
Imports have increased because of lower domestic production last year, says Solvent Extractors' Association Executive Director BV Mehta
 "Veg oil import up 21% in June; 12% in Nov-Jun period")
Jeera rises 0.5% on export demand
Jeera for delivery in August edged up by 0.18%
 "Jeera rises 0.5% on export demand")
India's cotton exports plunges 36% till June
India's cotton production is estimated at 33.8 million bales in 2012-13 crop year
 "India's cotton exports plunges 36% till June")
Castor seed climbs 1.80% on increased buying
Marketmen said strong industrial demand against restricted supply in physical markets, mainly kept the prices in green zone
 "Castor seed climbs 1.80% on increased buying")
Chana up by 1.07% on better spot demand
Analysts said increased buying by speculators on good demand in the spot market mainly led to a rise in chana prices
 "Chana up by 1.07% on better spot demand")
Cardamom plunges 4%, hit lower circuit
Adequate stocks in the physical market put pressure on cardamom prices
 "Cardamom plunges 4%, hit lower circuit")
Barley gains by 2% on fresh buying
Marketmen said restricted supply and pick up in demand in physical markets mainly pushed up prices
 "Barley gains by 2% on fresh buying")
Coriander up 1.2% on strong demand
Coriander for delivery in August traded higher by 1.08%
 "Coriander up 1.2% on strong demand")
Potato down 3% on higher supply
Potato for delivery in August slipped by 2.82%
 "Potato down 3% on higher supply")
Crude palm oil down 0.5% on profit-booking
Crude palm oil prices for delivery in the July lost 0.45%
 "Crude palm oil down 0.5% on profit-booking")
Mentha oil down by 0.70% on profit-booking
The fall in mentha oil prices was mostly due to profit-booking by speculators
 "Mentha oil down by 0.70% on profit-booking")
Nickel up by 0.34% on spot demand
Market analysts said that firmness in base metals overseas influenced nickel futures
 "Nickel up by 0.34% on spot demand")
Zinc up 0.3% on firm spot demand, global cues
Zinc for delivery in August traded higher by 0.22%
 "Zinc up 0.3% on firm spot demand, global cues")
Lead up by 0.44% on firm spot demand
Strong domestic demand from battery-makers influenced lead prices
 "Lead up by 0.44% on firm spot demand")
Copper up by 0.47% on strong global cues
Analysts said that a pick-up in demand in the spot market fuelled the uptrend
 "Copper up by 0.47% on strong global cues")
Silver futures rise nearly 1% on global cues
Analysts attributed gains in silver prices to sustained rise in the white metal prices in the global market
 "Silver futures rise nearly 1% on global cues")
Gold futures rise 0.72% on global cues
Analysts attributed rise in gold prices to the precious metal's sustained rise in the global markets
 "Gold futures rise 0.72% on global cues")