Page 952 - Commodity News
Oil prices up in Asia on Middle East concerns
Growing concern over Syrian conflict and political unrest in Turkey pushed up prices, say analysts
 "Oil prices up in Asia on Middle East concerns")
 "War logistics: Germinal point of contemporary business logistics")
Sugar output may fall 8-10% in FY 14: Renuka Sugars
Sugar production in the ongoing 2012-13 marketing year (Oct-Sept) is pegged at 24.5 mn tonnes
 "Sugar output may fall 8-10% in FY 14: Renuka Sugars")
April tea production marginally up 6 per cent
The output stands at 75.13 mn kg in April this year on higher output in Assam and Kerala
 "April tea production marginally up 6 per cent")
Vanilla prices soar as fungal attack hits global output
The global tag on processed beans is $80-120 a kg, up from $30 last season
Tea Board to roll out 'Tea Code'
Plantation and processing companies to be given 6 months to comply
High rates triggering negative sentiment in auto mkt: Volvo
Car sales in India fell for a record seventh consecutive month in May with a decline of 12.26%.
 "High rates triggering negative sentiment in auto mkt: Volvo")
Barley down 1.5% on weak spot trend
Barley prices for the most active July contract fell by 1.42%
 "Barley down 1.5% on weak spot trend")
Castorseed down 1.4% on aggressive selling
Castorseed for the July contract fell by 1.28%
 "Castorseed down 1.4% on aggressive selling")
Chana down 1% on supply pressure, sluggish demand
The commodity for delivery in the June contract declined by 0.87%
 "Chana down 1% on supply pressure, sluggish demand")
Potato down 1.5% on higher supply, subdued demand
The potato for delivery in August contract shed 0.88%
 "Potato down 1.5% on higher supply, subdued demand")
Cardamom up 2.7% on strong demand
Cardamom for delivery in July contract gained 2.24%
 "Cardamom up 2.7% on strong demand")
India's April tea production up marginally by 6%
Tea output stood at 70.99 million kg in the same month last year
Base metals rise on global cues
Traders said sentiment bolstered as copper gained in overseas markets after data showed a revival in US manufacturing, would boost demand for base metals
 "Base metals rise on global cues")
Crude palm oil slips 0.2% on sluggish demand
Prices went down as speculators reduced holdings
 "Crude palm oil slips 0.2% on sluggish demand")
Sugar recovers 0.9% on likely low production
However, sluggish demand from bulk consumers limited gains
 "Sugar recovers 0.9% on likely low production")
Zinc up 0.7% on overseas cues
Prices rose as speculators built up positions
 "Zinc up 0.7% on overseas cues")
Nickel up 0.2% on firm demand
Firmness in base metals overseas supported the trade
 "Nickel up 0.2% on firm demand")
Crude oil futures down 0.4% on weak Asian cues
Last week crude oil rallied amid concerns over rising tensions in West Asia
 "Crude oil futures down 0.4% on weak Asian cues")