23 May 13
|Crude palm oil up over 1% on rising demand|
Crude palm oil prices rose by Rs 1.60 to Rs 476 per 10 kg in futures trading today as speculators enlarged their positions, supported by rising demand in the spot market.
|Mentha oil down almost 2% on sluggish demand|
Mentha oil prices fell by 1.74% to Rs 945.50 per kg in futures trade today after participants reduced exposures due to sluggish demand from consuming industries.
|Cotton sowing to drop 10-15%|
Cotton farmers are slowly losing their fancy towards the fibre crop. Lower yield and reduced realisation are likely to see them shift to other crops this kharif season, which starts from next month, leading to a 10-15 per cent drop in cotton sowing.
22 May 13
|Crude palm oil up marginally on global cues|
Crude palm oil prices rose by 0.15% to Rs 472.70 per 10 kg in futures trading today as speculators created fresh positions tracking positive global cues.
|Mentha oil surges 3 on industrial demand|
Mentha oil prices surged by 3% to Rs 1,030.80 per kg in futures trading today as traders enlarged their positions amid strong industrial demand.
|Tech View: Soy bean|
Soy bean saw a sharp correction from the 61.8% key Fibonacci retracement level. In the last week the agri-commodity traded within the previous weeks’s range.
|FMC strictures for independent directors, MDs, CEOs of exchanges|
The commodity futures regulator, the Forward Markets Commission (FMC), has tightened norms for national exchanges regarding the constitution of board of directors, independent directors and chief executive officers (CEOs).
21 May 13
|Mentha oil climbs 3% on spot demand|
Mentha oil prices shot up by nearly 3% to Rs 991.20 per kg in futures trade today mostly on the back strong advices from spot markets.
|Tech View: Jeera|
Jeera was in a pull-back mode. It retraced 61.8% of the fall and has again started correcting from there. It has broken down from the upward sloping channel. The daily momentum indicators have triggered a negative crossover.
20 May 13
|Mentha oil gains 0.93% on spot demand|
Mentha oil prices moved up by 0.93% to Rs 934 per kg in futures trade today driven by strong demand in spot markets.
|Crude palm oil weakens 0.3% on sluggish demand|
Crude palm oil prices fell by 0.30%, or Rs 1.40, to Rs 469.30 per 10 kg in futures trading today due to subdued demand in spot markets.
18 May 13
|Raw jute prices might fall 10%|
The price of raw jute is poised to fall 10 per cent, owing to a better supply position, though crop output is likely to fall by five per cent for 2012-13 to 10.6 million bales, according to the advance estimates of the Union agriculture ministry.