Weekly Commodity Update by KediaCommodity

Mustardseed yesterday traded with the negative node and settled -0.11% down at 3509 tracking weakness in spot market on continued good supplies. According to COOIT', the total output of mustard seed in the country is seen at 71.50 lakh tonnes, up 12.70% on ...

Ref Soyaoil yesterday traded with the positive node and settled 0.37% up at 704.3 as sentiments improved due to fresh buying interest tracking firmness in spot demand. India grows soybean in summer, and harvests the oilseed crop after the monsoon ends in ...

Turmeric yesterday we have seen that market has moved 1.07% on thin supplies in the spot market and modest demand, though ample carryforward stocks capped the upside. Supplies are coming down in Nizamabad and other markets. Many farmers are holding back ...

Jeera June contract dropped Rs 112.5 and settled at Rs 13315 per quintal on thin supplies and rising demand from exporters, amid concerns over shipments from Syria. Daily supplies are falling, but prices will remain range bound. This year production was ...

Zinc yesterday traded with the negative node and settled -1.32% down at 101.9 after data showed that HSBC's May PMI for China fell short of expectations, triggering market concerns. The US dollar index slumped, but the upbeat US economic data lifted ...

Soyabean yesterday we have seen that market has moved 0.98% on the back of thin supply and a rise in overseas prices. The skewed supplies are mainly due to farmers holding back stocks in a move to tighten supply and boost prices. However, weak soymeal exports ...

Chana dropped Rs 39 and settled at Rs 3343 per quintal weighed by higher production from the new winter crop. The higher levels could not be sustained for Chana as lower demand in the mandis amidst good Monsoon progress report kept market sentiments weak.

Gold gained as investors sought its safe-haven status after the dollar and equity markets were hit by a slew of weak manufacturing data that indicated stagnant global economic growth. While Fed officials stressed that no change in the stimulus program was ...

India, the world's largest supplier of guar gum, lifted a ban on futures trading in the commodity used by Halliburton Co. (HAL) to extract shale gas after a rally in prices spurred farmers to produce a record crop. The National Commodity & ...