Page 955 - Commodity News
Crude palm oil up 0.9% on firm spot demand
Crude palm oil for delivery in July went up by 0.66%.
 "Crude palm oil up 0.9% on firm spot demand")
Aluminium up 0.4% on global cues, spot demand
Aluminium for delivery in July traded higher marginally by 0.37%.
 "Aluminium up 0.4% on global cues, spot demand")
Crude oil futures down 0.4% on weak Asian cues
Crude oil for July delivery moved down by 0.3%.
 "Crude oil futures down 0.4% on weak Asian cues")
Lead up 0.3% on spot demand, global cues
Firm global trend in copper and other base metals mainly helped lead prices to trade higher at futures trade, say market analysts.
 "Lead up 0.3% on spot demand, global cues")
Nickel up 0.5% in trade on global cues
Firm demand from alloy-makers at the spot markets supported the upside.
 "Nickel up 0.5% in trade on global cues")
Copper up 0.5% on global cues
Analysts attributed the rise in copper futures to a firm global trend and rising demand at domestic spot markets.
 "Copper up 0.5% on global cues")
 "Black pepper trading gains pace after NMCE restarts contracts")
 "Natural rubber consumption falls as auto sector slows")
Weak Rupee pushes up cotton exports, prices
Total cotton exports to touch 10 million bales against an estimated 8.5 million bales
 "Weak Rupee pushes up cotton exports, prices")
NMDC continues wait for pricing power in iron ore
Ore major keeping domestic price lower than landed cost of import; falling rupee does not come to rescue as international ore prices have also softened
 "NMDC continues wait for pricing power in iron ore")
Edible oil prices set to rise 5%
Effect of falling rupee, as producers try to pass on higher cost of imports, protect margins
 "Edible oil prices set to rise 5%")
US sees India wheat output lower than govt estimate
The USDA has revised downward India's wheat production estimate from 92 MT to 87 MT due to lower crop yields.
 "US sees India wheat output lower than govt estimate")
 "Cotton sowing may go up in Gujarat this kharif season")
Production glut hits shrimp farmers
Vanamei shrimp farmers in the state are getting Rs 240 per kg of 40 count at a time when exporters in the neighbouring Tamil Nadu are paying Rs 340 for the same
 "Production glut hits shrimp farmers")
 "Assam tea industry demands 'medium size estates' category")
Turmeric recover 1.7% on spot demand
Turmeric for delivery in June traded higher by 1.63%.
 "Turmeric recover 1.7% on spot demand")
Jeera gain 1.9% as demand picks up
Jeera for delivery in June moved up by 0.70%.
 "Jeera gain 1.9% as demand picks up")
Nickel down 0.4% on global trends, subdued spot demand
Nickel for delivery in June traded lower by 0.41%.
Chana up 1.3% on high buying activity
Chana for delivery in July rose by 1.24%.
 "Chana up 1.3% on high buying activity")