Page 999 - Commodity News
Mentha oil falls by 3% on higher arrivals
Prices fell due to increased arrivals in the physical market
 "Mentha oil falls by 3% on higher arrivals")
Crude palm oil rises 0.9% on spot demand
Prices rose as speculators created fresh positions
 "Crude palm oil rises 0.9% on spot demand")
Sugar output down marginally in first 6-month on lower cane availability
Indian Sugar Mills Association reported total sweetener output at 23.05 mn tonnes by end of March this year vs 23.45 mn tonnes at the same time last year
 "Sugar output down marginally in first 6-month on lower cane availability")
Coriander rises almost 3% on high demand
Prices rose as speculators created fresh positions
 "Coriander rises almost 3% on high demand")
Oil prices fall in Asia after weak US data
New York's main contract, West Texas Intermediate (WTI) light sweet crude for delivery in May, shed 15 cents to $96.92 a barrel
 "Oil prices fall in Asia after weak US data")
Punjab poultry farmers hit by high feed costs
Rise in feed cost, drop in egg price squeeze poultry farmers profit margins
 "Punjab poultry farmers hit by high feed costs")
Rough times for Tuticorin salt units as exports fall
Power shortage and untimely rain in March affect salt production
 "Rough times for Tuticorin salt units as exports fall")
Gold advances for second time in three days
The precious metal declined for two straight quarters, the longest slump in 12 years, on concern that the US may end stimulus measures as the economy recovers
 "Gold advances for second time in three days")
Copper at 8-month low in New York on China manufacturing
Prices fell as speculators reduced their positions
 "Copper at 8-month low in New York on China manufacturing")
India's coffee exports decline 10.3% in FY13
Unit value realisation, however,went up 8.6% to Rs 1,52,623 per tonne during FY13
 "India's coffee exports decline 10.3% in FY13")
Unremitting rises in edible oil imports a major CAD concern
Large imports are primarily due to competitive prices of edible oils in international market and import duty structure
 "Unremitting rises in edible oil imports a major CAD concern")
Govt says ready for kharif setbacks
Agri ministry assures enough seed, fertiliser availability in case of any kharif re-sowing
 "Govt says ready for kharif setbacks")
Shrimp exports to US under anti-dumping scanner
US consumption of warm-water shrimp in 2011 was 1.3 billion pounds, of which 87.6% came through imports
 "Shrimp exports to US under anti-dumping scanner")
Farmers to sell Alphonso mangoes directly to customers online
The society's online ordering portal is now opening up for the market and has targeted biz of Rs 2 cr form Devgad region alone
 "Farmers to sell Alphonso mangoes directly to customers online")
Labour shortage ails wheat procurement
Punjab needs to procure 13-14 mn tonnes in about four weeks
 "Labour shortage ails wheat procurement")
Jan-March 2013 the weakest quarter for gold ETP inflow
Preliminary full month data for March shows that ETP holdings fell by 45 tonnes with outflows of 154 tonnes
 "Jan-March 2013 the weakest quarter for gold ETP inflow")
Aluminium falls 0.4% on global cues
Prices fell as speculators offloaded their positions
 "Aluminium falls 0.4% on global cues")
NCDEX launches cotton futures contract
29 mm cotton futures aims to address risk management requirements of value chain participants of cotton
 "NCDEX launches cotton futures contract")
Mentha oil down 0.9% on profit-booking
Prices fell as traders indulged in profit-booking
Zinc futures down 0.6% on weak Asian markets
Subdued spot demand had a negative impact on zinc futures prices
 "Zinc futures down 0.6% on weak Asian markets")