Gold rose above $1,600 for the first time in more than two weeks on Monday as a radical bailout package for Cyprus threatened to trigger fresh turmoil in the euro zone, driving investors to seek safety in gold.

Gold hits 2-1/2-week high on Cyprus bailout worries

Reuters

The decision of the central commerce ministry to permit import of rubber through all ports instead of only through Kolkata and Vizag ports has led to fresh hammering of the prices of natural rubber

Free port import adds to woes

Business Standard

The stocks of companies engaged in manufacturing of rubber products have had a mixed run in last three months on the Bombay Stock Exchange (BSE).


Pulling both ways

Pakistan Tea Association (PTA), which agreed to lift more tea from India, is concerned about the spurt in tea prices.


Rising tea prices upset Pakistan

Textiles, chemicals and pharmaceutical companies have suffered the most damage in the recent floods that hit Gujarat, inundating godowns and factories storing raw materials and finished commodities.


Flood damages add up

The Indian cotton textile industry could re-emerge as one of Indias sunshine sectors with the countdown under way for end of the quota regime and integration of the Multi-Fibre Agreement (MFA) into

Cotton textile exports up

China had sent shipping rates to unheard-of levels but India was now poised take over the baton as the growth driver for the next five years, if shipping industry sources were to be believed.


Shippers see India driving market

The stocks of companies engaged in the tiles, ceramics and sanitaryware business had a mixed run in the last three months on the Bombay Stock Exchange (BSE). 


Mixed fortunes

Non-ferrous metals had a lukewarm week in domestic trade following the London Metals Exchange (LME). Nickel indicated some gains, along with copper, lead and tin. Aluminium remained flat in local

Lukewarm trades

MCX specialises in bullion, NCDEX in farm goods and NMCE in plantation produce.


Commodity exchanges ride high on volumes

The government is planning to soon introduce futures trading in mulberry cocoon and raw silk to boost domestic production of raw silk and allow producers to hedge their risks due to price fluctuations

Silk futures in the pipeline

The stocks of companies engaged in the edible oils business had a mixed run in the last three months on the Bombay Stock Exchange (BSE).


Oilseed producers have been saved by the arrival of the monsoon in western India over the past five days, but imports of oilseeds may still be inevitable.


Oilseed traders keep import option open

A decline in production has brought good tidings to coconut farmers as prices of coconut oil have firmed up.


Coconut firm as output falls

The ever increasing import of the second hand clothing under various guises into Kandla Special Economic Zone (KASEZ) in Gujarat and Khidirpore dock in Kolkata has become a source of concern to the

Garment units upset by second hand imports

The Centre has initiated a drive to sell India as the processing hub for marine products. 


Seafood exporters to turn processors

With an aim to leverage emerging asset classes and to offer customers a varied product base, Kotak Mahindra Bank is launching investment services in alternative investments such as commodities and

Kotak Bank plans to offer estate services

The domestic bullion market shot up late on Friday taking its cue from international markets, as bullion prices escalated due to the worst US farm pay roll data in the last year. 


Late rise in markets

Promoting Rs 4,00,000 crore Indian food industry, the four-day international agriculture and food exhibition Agrifex begins here from September 27.


International agri & food exhibition from Sep 27

Press Trust of India

Prices of vegetables in Gujarat more than doubled in the last one week following heavy rains. 


Vegetable prices up in rain-hit Gujarat

The floods in Gujarat has damaged property worth more than Rs 2500 crore including at warehouses storing commodities.


Traders breathe easy as flood waters recede

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