Page 993 - Commodity News

Wheat harvest seen at record on high-yield seeds

Production in the year ending June may be higher than the 94.9 mn tonnes harvested a year earlier

Thailand to verify gold jewellery export to India

India raised import duty on gold on account of widening Current Account Deficit.

Weak demand, heavy scrap import depress iron ore prices

In the global markets, iron ore of 62-grade has shed 14% in the past two months, to trade at $136 a tonne

World coffee exports up 9.6% in Oct-Feb

Exports from India, on the other hand, were down marginally in the October-February period

Aluminium marginally up on global trends

Prices rose due to increased domestic spot markets demand

Lead up 0.5% on short-covering

Prices rose due to rising spot markets demand

Zinc up 0.4% on overseas cues

Prices edged up as speculators created fresh positions

Crude palm oil weakens on sluggish demand

Prices weakened owing to sufficient supplies

Nickel up 0.4% on overseas cues

Prices moved up after speculators enlarged their position

Copper rises 0.2% on global cues

Increased domestic demand supported copper futures

Crude oil futures up 0.2% on overseas cues

Prices rose as speculators created fresh positions

Gold futures down 0.2% on weak global cues

Prices moved down as participants indulged in trimming their positions

FMC levies cash special margins on soybean, meal

Effective from Wednesday, the margins would be in the form of cash and for April contract only. The commodity derivatives market regulator levied cash special margins for cooling down prices

Market pulse for agro commodities: Mangal Keshav

Average price of small cardamom declined to '606.3 per kg while maximum price offered was down at '895 per kg, as per spice board.

Market pulse for key metals and energy: Mangal Keshav

Gold futures in Tokyo jumped almost 5% to near all time-highs, marking their sharpest daily rise since Sept'11, after the yen dropped to near 4- year lows

Outlook for key metals and energy: Nirmal Bang

Holdings in the SPDR Gold Trust, the world's largest gold-backed exchange traded fund, stood at 1205.31 tonnes by Apr 07, remains unchanged from the previous business day.

Soros says gold safe haven no more; sees central bank support

India's sugar output may decline this year due to Maharashtra drought

As many as 16 districts in Maharashtra, including major cane growing regions like Marathwada, were affected badly due to water shortage

Foreign lenders to get larger share in sector financing

ECGS puts curbs on additional risk cover for banks

Maharashtra claims advantage on sugar, post-decontrol

Price and availability are at Maharashtra's advantage