Page 915 - Commodity News
Stockists sell basmati seeds at double the procurement price
Farmers rush to ensure seed amid fear of scarcity, acreage/output to increase 25% this year on better exports realization last year
 "Stockists sell basmati seeds at double the procurement price")
Odisha prepares to withdraw iron ore sale curbs
Available government data show 48 million tonnes of iron ore fines have piled up at different mines
 "Odisha prepares to withdraw iron ore sale curbs")
Karnataka's grape growers seek 'Vidarbha-type' relief package
The drought-hit grape farmers seek Rs 650-crore loan waiver
 "Karnataka's grape growers seek 'Vidarbha-type' relief package")
Coconut Board to implement integrated farming in south
The programme aims at increasing production and productivity of coconut from unit holdings
 "Coconut Board to implement integrated farming in south")
India 2013-14 sugar production estimated at 23.7 MT
This is 5 % lower than 2012-13 out on poor acreage says ISMA
 "India 2013-14 sugar production estimated at 23.7 MT")
Chana up 0.8% on firm spot demand
Chana for July moved up by 0.23%
 "Chana up 0.8% on firm spot demand")
Castorseed down 1.4% on selling pressure
Most active near August contract moved down by 1.26%
 "Castorseed down 1.4% on selling pressure")
Sugar down 0.3% on subdued demand, higher supply
Market analysts attributed the fall to subdued demand from bulk consumers in the spot market against higher supplies
Crude palm oil softens 0.5% on sluggish demand
Crude palm oil for delivery in July traded lower by 0.51%
 "Crude palm oil softens 0.5% on sluggish demand")
Mentha oil up 0.6% on spot demand
Tight stocks availability in the physical market on less arrivals from producing area supported the uptrend
 "Mentha oil up 0.6% on spot demand")
Potato down 1.5% on subdued demand
The potato prices for August contract declined by 1.17%
 "Potato down 1.5% on subdued demand")
Cardamom down 1.1% on weak demand, higher supply
Cardamom for delivery in August shed 0.77%
 "Cardamom down 1.1% on weak demand, higher supply")
Silver futures gain 0.8% on higher global trend
Silver for delivery in December gained 0.83%
 "Silver futures gain 0.8% on higher global trend")
Gold futures rise 0.6% on firm global cues
Gold for delivery in October moved up by 0.60%
 "Gold futures rise 0.6% on firm global cues")
Weak rupee takes its toll on Gujarat paper mills, cost of imported raw material up
Gujarat has about 90 paper mills. Of these 23 mills are located in the Saurashtra area - mainly in Morbi - while Vapi is the biggest centre for paper mills in the state
 "Weak rupee takes its toll on Gujarat paper mills, cost of imported raw material up")
Banks reworking gold import regime
Imports in June and July expected to be much lower then May's 162 tonnes; could rise once new supply system in jewellery trade is in place
 "Banks reworking gold import regime")
 "Challenge of making Nalco the star it once was")
KIOCL plans to resume pellet exports this year
The company has asked railways to alter its differential tariff policy
 "KIOCL plans to resume pellet exports this year")
Hilly, NE states might get more sugar subsidy
States complain of costs in lifting the quantities themselves; mills find price offered for supplying to these areas unviable
 "Hilly, NE states might get more sugar subsidy")
Gold recovers at futures trade, up 0.3%
Gold for the August contracts recovered to trade 0.19% higher