Gold is just another commodity and there is nothing like an inverse correlation, which the yellow metal shares with the US dollar, said commodity guru Jim Rogers.


Rogers junks dollar-gold correlation

Business Standard

The Spices Board might request the commerce ministry to extend pepper export subsidy scheme, if the export target of 20,000 tonne is not met by the March 31 deadline, board officials said on Wednesday

Spices Board may seek pepper subsidy extension

Domestic sugar prices are likely to rise by 5-7 per cent in the next few months due to high cane costs and firm international prices amid reduced supplies, Indian Sugar Mills Association President

Cane shortage may push up sugar prices 5-7%

Old season coffees (grown during 2004-05) have attracted good domestic enquiry at the Indian Coffee Trade Association (ICTA) auction held on Thursday.


Good demand for old season coffees

Spot cashew prices are on a steadily decline. In February, the prices came down from Rs 4,651 per carton (1 carton = 22.68 kg) to Rs 4,244, down 8 per cent, on selling pressure from stockists

Cashew prices slide 8% on selling pressure

World tea production in 2005 is estimated at 1,820.9 million kg, up 2.78 per cent from 1,776.9 million kg in 2004, according to Indian Tea Association data.


World tea output may go up 2.78%

The railway budget proposes to spend Rs 22,000 over the next 3-4 years on the freight corridors. Along with expansion and new tracks, the government would go for aluminium and stainless steel wagons.

Metal, electrical scrips cheer Railway budget

The United Planters Association of South India (Upasi) is likely to shelve its plan to launch futures trade in tea due to a technical snag. 


Upasi may shelve futures trade in tea

Gold is gradually advancing towards its previous peak on the back of Saudi blast reports, Iran crisis and aggressive buying by fund managers.


Gold prices seen rising on oil crisis, fund buying

After winning hearts abroad, the homegrown Kesar is now set to enter China. A delegation of Beijing-based Holian group is scheduled for a 10-day tour of India starting March 15. 


Kesar mangoes to tickle Chinese tastebuds soon

Cement prices have continued to rise by more than 10 per cent this month to Rs 220 per 50 kg bag in retail markets of western India, including Mumbai. Dealers expect the prices to jump by another

Cement prices rise 10% in Feb

Increased demand from North India coupled with speculative buying have pushed up chilli prices though harvesting has already picked up momentum in Andhra Pradesh. Average price has increased to Rs

Increased demand makes chilli prices hotter

Oil prices fell in Asian trade today as the market awaited the release of US payrolls data amid lingering concerns over a prolonged budget stalemate, analysts said.

Oil prices ease in Asian trade

Salt exports estimated at 4.2 mt in 2012-13, up from 3.6 mt last year

Salt exports to rise 15% on weather woes

The commodity is 13% of India's overall edible oil consumption

Mustard oil output to rise 27% this season

The Madhya Pradesh government had announced a bonus of Rs 150 over and above the MSP

New crop arrivals see wheat prices fall in Madhya Pradesh

The board extends invitation to farmer groups in Kerala, Tamil Nadu. Similar efforts will be taken up in coming months in fairs in a few other states

Spices Board aims to turn growers into marketers

BS Reporter

The number of dairy farmers in Goa has more than doubled during the past year, boosting the production of milk by almost 20 per cent, signalling a white revolution in rural areas of the coastal state.

Goa's dairy farming rises, milk production up 20%

Press Trust of India

Copper prices edged higher Thursday, lifted by a strong euro and better-than-expected US data which painted an encouraging picture on the outlook for economic growth, but slow demand from top consumer China kept further gains in check.Three-month copper on the London Metal Exchange  traded at $7,710 a tonne in official rings, up from Wednesday's close of $7,690 a tonne.Investors were encouraged by data on Wednesday that showed US private employers hired more workers than expected in February and demand for a range of factory goods was solid in January, seen as hopeful signs for the economy.Investors are likely to pay close attention to US non farm payrolls data due on Friday, seen as a key labour market indicator for the world's largest economy."As far as the US is concerned there are clearly a lot of things that are positive," said Nic Brown, head of commodity research at Natixis."The housing market is clearly improving and that will have a knock-on effect but equally the whole questi

Copper gains on growth hopes, stronger euro

Reuters

The National Federation of Cooperative Sugar Factories (NFCSF) is against the tender system of ethanol procurement suggested by the Ministry of Petroleum and it wants a fixed price for supplying

Sugar co-ops seek ethanol price fixed, shun tender

The Multi Commodity Exchange (MCX) has launched the April 2007 kapas (raw-cotton or seed cotton) contracts for the third successive year.


MCX launches contracts in seed cotton

Get the latest commodity market news and daily price updates on gold, silver, crude oil, and more. Stay informed with real-time trends and expert insights at Business Standard.

Page 1118 - Commodity News