Indonesia, the worlds largest palm oil producer, plans to raise the tax on exports of the commodity to as much as 10 per cent in September to reduce overseas shipments and ensure local supplies are

Indonesia may raise palm oil export tax to 10%

Business Standard

The world price of raw sugar, among the worst performing commodities this year, may fall further as oversupply will probably persist until 2009, said Peter Baron, executive director of the

World sugar prices may fall more

Global credit crunch and an appreciating rupee have pulled down domestic prices of silver despite a growing demand from jewellers for the white metal. 


Global turmoil hits silver

With the country set to become a global outsourcing hub for automobiles, industry experts have urged the domestic automotive textiles sector to brace up and grab the opportunity. 


Auto textiles industry told to step up output

Since the rains were normal and well-distributed this year, the cropping pattern was not expected to change much. But that has not been the case. After the completion of about 95 per cent of kharif

Steady rice price pulls down paddy acreage

Banks and other lending institutions are shying away from financing expansion projects in the sugar industry, which is already in doldrums.


Banks shy of financing sugar industries

A medium term Action Plan worked out by the ministry of textiles for achieving 11th Plan targets suggests that the textile sector needs an investment of Rs 1.94 lakh crore for the period 2007-12 to

Textile sector needs funds of Rs 1.94 lakh cr

The domestic steel prices are set to rise in September, with a hike of Rs 500-1,000 a tonne in hot rolled coil (HRC) rates from the beginning of the month. 


Steel firms to hike rates

Aluminium production in West Asia will outpace growth in other regions over the next five years as producers abandon higher-cost locations in the US and western Europe, a report by Fitch Ratings said

Aluminium output in West Asia to grow, says Fitch

Minister of State for Industries Ashwani Kumar today assured exporters, including those of gems and jewellery, that the Centre would take all possible measures to protect them for the rising rupee. 


Minister hints at sops for gem exporters

Asian stocks advanced after Esprit Holdings and Cnooc reported profit that beat estimates, reducing concern earnings in the region will be hampered by a slump in the US housing market.


Asian scrips advance

Coriander prices fell by Rs 32 to Rs 6,500 per quintal in futures trade today as speculators booked profits at existing higher levels influenced by falling demand in spot markets against increased arrivals.

Coriander down 0.49% on profit-booking

Press Trust of India

Chana prices fell by Rs 28 to Rs 3,313 per quintal in futures market today on rising supplies and expectations of higher in output against subdued local demand.

Chana remains weak on subdued local demand

Despite an import duty waiver on maize, the starch industry is highly unlikely to get any relief, as imported prices of maize are still higher than the domestic ones. 


Imported maize still out of starch firms` reach

India, Vietnam and Brazil, the worlds top three cashew producers, have come together to form a global alliance for promotion of cashew production, consumption, standardisation of cashew kernel grades

Cashew growers to form global body

Textile firms based in Shaoxing, the textile capital of Asia, are keen to set up manufacturing bases and scout for trading partners in India. A delegation, comprising government officials and

Chinese textile firms seek allies in India

Benchmark Asset Management Company today launched the countrys first gold exchange traded fund, Gold BeES. Through this investors can park their money in the yellow metal without taking its physical

Benchmark rolls out first local gold ETF

Chinas stocks tumbled, leading declines in Asia, after lawmaker Cheng Siwei said the nations shares are overvalued, adding to speculation the government will step up efforts to slow fund inflows.

China leads Asian fall

Most standalone ethanol units in Maharashtra and Gujarat have closed down because of oil companies disinterest in purchasing ethanol from them. A number of other such units are awaiting their turn.

Ethanol units close shop as demand dips

The revenues and the profits of sugar companies are witnessing a shift from their main business, sugar, to cogeneration and distillery.


Sugar firms look  at other avenues

The government today banned the export of milk powder until September 30 to boost domestic supplies and rein in prices, part of a strategy to curb inflation.


Milk, ghee prices set to plummet on export ban

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