Page 1008 - Commodity News

Nickel up 0.4% on firm global cues

Increased demand from alloy-makers also influenced prices

Copper up 0.6% on strong global cue

Prices rose as speculators enlarged positions

Diesel growth falls to ten-month low in October after Rs 5 hike

Drop will bring relief to OMCs as diesel accounts for 60% of total revenue loss on sale of 3 controlled products

Govt considers building global brand for Indian wheat

International prices will enable the government to halve export subsidy on wheat to less than Rs 500 crore in 2012-13

OMSS wheat prices high due to high state taxes: govt

Punjab and Haryana levy taxes at the rate of 14.5% and 11.5% for every quintal of wheat purchased

Cotton export procedure simplified

Maximum limit for obtaining Registration Certificate has been increased to 30,000 bales

No immediate plans to hike import duty on edible oil: Thomas

Statement comes even as industry voices concern over cheap imports affecting oilseed farmers

Wheat exports may touch record 5 mn tonne

Weather conditions at the start of the 2012-13 season have been generally favourable for planting of winter wheat

Sweeping changes in future oil & gas contracts likely this week

Explorers may be asked to bid for a percentage of output they would share with the government

Gold imports drop 30% to $20 bn in Apr-Sept

During the April-September period of 2011, the gold imports had increased by 66% to $29 billion

CCEA approves MSP hike for rabi crops, no decision on wheat

On wheat, CACP recommended freezing of MSP at last yr's level of Rs 1,285 per quintal considering huge stock in central pool

Punjab, Haryana urge centre to hike wheat MSP For 2013-14 season

The decision was held back by the Union Cabinet for a lack of decision among ministries

Govt should impose 10% duty on palm oil imports: Analyst

At present, there is zero import duty on crude palm oil and 7.5 per cent duty on refined oil

Govt hikes import tariff value of gold, silver

The Central Board of Excise and Customs (CBEC) today issued a notification in this regard

CACP for review of open-ended grain procurement policy

Urges govt to limit purchases from states that tax grains heavily or grant bonus beyond Centre-determined MSP

Late monsoon withdrawal delays rabi sowing

Expected To Pick Up Pace As Reservoir Levels Comfortable, Moisture Adequate In Soil

Govt decision to blend ethanol with petrol at market price boon for sugar inds

Realisation to surge 22% to Rs 33 per litre from next mnth

Steps to discourage gold imports on cards

Gold price-linked bonds and mobilizing idle gold with households and depositories under consideration

India's gold imports may touch 800 tonne in 2012: WGC

Last year, the net import for domestic consumption was 969 tonnes

Wheat sowing gathers pace as winter advances, pulses lag

Delayed harvest of the previous paddy crop responsible