Posts Tagged ‘india’

Sugar Finds Support at New Low, Indian Subsidies

by Christopher Lemieuxon January 16, 2014 8:01 pm GMT
Sugar hit new lows as India approved to subsidize shipments of raw sugar to ease the overwhelming supply. The government will give an incentive to export 4 million metric tons over the next two years. The objective of the subsidy is too increase exports, in the already overflowing global market, to aid depressing prices domestically, […]

India’s Precious Metal Imports Slump; Gold and Silver Technicals

by Christopher Lemieuxon January 13, 2014 2:56 am GMT
India, the world’s second largest importer of gold and silver, seen a huge decline of 69 percent in December as the government curbed purchases in an attempt to maintain the widening current-account deficit. According to the Commerce Secretary S.R. Rao, import shipments of both gold and silver were valued at $1.77 billion in December opposed […]

Sugar Producers Selling into a Five-Week Low

by Christopher Lemieuxon November 7, 2013 8:14 pm GMT
Sugar is at a five-week low due to speculation that Brazil and India, the largest sugar growers, will increase sales due to their currencies weakening against the dollar – the primary currency for international trade. Nearly 921,093 metric tons of raw sugar is waiting to be loaded in Brazilian ports and headed to China and […]

Cocoa and Sugar Decline with Ongoing Stockpiles

by Christopher Lemieuxon November 2, 2013 4:18 am GMT
Ample supplies from West African harvests and curbed demand strike down cocoa as prices retreat of yearly highs. According to New York Stock Exchange Liffe reports, cocoa stockpiles have increased 19 percent in the past two weeks to 60,210 metric tons.  The Ivory Coast, world’s largest producer, is expected to harvest 1.4 million tons which […]