Gems industry to grow 15-20%

Business Standard

Nickel futures for March rose by Rs 1.50, or 0.17%, to Rs 909 per kg in 1,442 lots

Nickel strengthens 0.2% on spot demand

Gold hovered around $1,580 an ounce on Friday, ahead of the release of a key U.S. job market report, after recent upbeat data boosted confidence in the economy and turned many investors away from the safe-haven metal

Gold hovers near $1,580/oz; U.S. jobs data in focus

Reuters

Zinc futures for April up by 25 paise, or 0.23%, to Rs 108.90 per kg in 86 lots

Zinc up 0.2% on overseas cues

Lead futures for March traded 40 paise or 0.33% higher at Rs 120.60 per kg in 2,371 lots

Lead up 0.3% on strong spot demand

Copper futures for far-month April up by 40 paise, or 0.09%, to Rs 427.60 per kg in 3,596 lots

Copper up 0.09% on strong global cues

A high-level delegation of the Marine Products Export Development Authority (MPEDA) is going to Japan in March to convince Japanese buyers about the improved quality of Indian seafoods. 


Seafood exporters on Japan mission

If the sales at the jewellery shops in the city are any indication, the soaring prices of standard gold does not seem to have affected the demand for gold jewellery during this wedding season. 


Gold rush continues despite soaring prices

Pepsico India Holding Private Ltd has increased the area under sugar-free potato cultivation by more than 30 per cent this fiscal.


Pepsico boosts sugar-free potato farming

It is often said that old is gold, but it seems for investors in the bullion market, the time has not yet come to roll out their old gold with the yellow metal still needing another boost to clear

Gold trade slumps in Agra

Strong chinese demand vis-`-vis depleting stocks are pulling up copper prices towards the crucial $5,000 a tonne level on London Metal Exchange, analysts said.


Copper seen bullish in near term

Thriving on the duty-free status, average monthly vanaspati imports from Sri Lanka have, for the last two-three months, breached the 25,000 tonne mark. 


Vanaspati sector hit by free imports

Chilli arrivals have declined considerably as farmers continued to store their last years produce in cold-storage plants in anticipation of a steep climb in prices.


Farmers hold chilli stocks anticipating price rise

The governments move to import wheat stocks after a seven-year hiatus is expected dampen market sentiment and pull down prices. 


Import move to hit wheat futures

Continuous drop in onion prices have brought tears in the eyes of farmers. The wholesale prices of onions, which were around Rs 375 per quintal last month have come down to Rs 150-200 per quintal at

Onion prices crash in Nashik

Coffee growers mostly held back their offerings at the Indian Coffee Trade Association (ICTA) auction as there was a drop in global prices.


Growers hold back stocks

After netting good profits in Tuna fishing, the hopes of the members of Association of Indian Fishery Industries (AIFI), which represents the deep-sea fishing industry in the country, have soared.


Tuna fishing catching on

The yield of cotton, including BT varieties, is likely to surpass 20 lakh quintals in Warangal district during the current season. This would mark an increase of 4.5 lakh quintals over the previous

Cotton yield may surpass 20 lakh quintals

The Forward Markets Commission (FMC) has found the National Commodity &amp; Derivatives Exchange Ltd (NCDEX) guilty of violating settlement price norms for the channa and urad January 2006 contracts

Regulator cracks down on NCDEX

Having touched new highs overnight, the international and the domestic prices of most metals are due for a correction in the short term, traders and analysts said. 


Metals hit new highs, poised for short-term correction

British Petroleum (BP) will invest $9.4 million in the production feasibility study of jatropha curcas planting to produce biodiesel by The Energy and Resources Institute (Teri) in Andhra Pradesh.


BP to invest $9 mn in jatropha project

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