Page 1009 - Commodity News
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
Curb on illegal mining brought down iron ore production to half
Iron ore production was 208 mn tonnes which is expected to be hardly 100 mn tonnes this year
India unlocks treasure trove of gold as farmers sell
Potential for recycling huge with India's 1.2 bn people estimated to have stored up about 20,000 tonne of gold
India, China increasingly importing palm oil from sustainable sources
This was reported in a Rountable on Sustainable Palm Oil report
Wheat exports to Iran: Punjab, Haryana's loss could be MPs gain
A team of officials from food ministry is currently in Iran to negotiate a deal to supply 2-3 mn tonnes of wheat annually from India
Rangarajan panel favours revenue-sharing model for sugarcane price
Suggests abolition of Centre controlled PDS sugar sale: sugar mills to have freedom to sell full production in open mkt
Govt allows free export of sugar In 2012-2013
Food Min says decision on Rangarajan panel's report in a time bound manner
Freeze sugarcane prices at 2011-12 level: UP mills
Saying that price hike will impair paying capacity
Govt plans to increase oilseed production in 12th Five Year Plan
Targets higher production and productivity
Kharif crop production to drop by 10% due to scanty rains
This could have a serious impact on prices of edible oil and pulses, the two commodities which are mainly dependent on imports
Plan Panel wants regulatory mechanism to allow GM use
It is necessary to remain abreast with latest advances in bio-technology, which mainly do not involve the use of GMO
Govt releases more sugar to quell price rise ahead of festive season
Sugar mills will have to sell off at least 45% of that in either October or November
Onion shortage looms over country due to patchy rains
Onion is selling at Rs 10-15 a kg at present in retail in Delhi and other parts of the country
WTO to take up India's complaint against US on steel
India had complained US had wrongly imposed countervailing duties on certain hot-rolled carbon steel flat products
Poor rains in June may affect pulses output: Pawar
The country received 30 percent less rains than normal since the beginning of the monsoon season on June 1
Govt hikes farm support prices for 2012-13
Govt has also raised its 2012-13 support price for soybean and corn by 33% and 20%, respectively
India overtakes US as Nigeria's biggest export market
US remained the country's largest export market since 1964
Wheat procurement swells to record 37.31 mn tonnes
Procurement this season has already surpassed govt's target of 32 million tonnes
Oil rises towards $92 ahead of EU meeting
he appetite for riskier assets is expected to stay low as the debt crisis grinds on in the euro zone