Private companies have declared to the government wheat purchases totalling 1.4 million tonnes in the current calendar year till June 15, a senior official said today.


Private firms declare 1.4 mt wheat stocks

Business Standard

Riding on the boom in the metals market, National Aluminium Company (Nalco), a public sector major, reported 52 per cent jump in net profit at Rs 2,381 crore in 2006-07, up from Rs 1,562 crore in the

Record sales fuel Nalco profits

National Aluminium Company, Indias second largest producer of aluminium, today gave a weak price outlook for the metal. Aluminium prices are likely to remain weak in the near-term, and they are

Nalco bearish on aluminium rates

Rs 500-1,000 a tonne reduction likely due to the rising rupee. 


Steel prices to go down

Cotton prices are likely to increase by 5 to 7 per cent in the next few months on the back of a rising demand and the world output declining by 3 per cent, according to traders. Exports of cotton,

Cotton prices to increase 7%

Bearish sentiment prevailed in the natural rubber spot market, with the prices dropping by Rs 4 a kg in a week. Huge stock, heavy imports and declining prices on the Tokyo Commodity Exchange (Tocom)

Large stock, high imports hit spot rubber

Skimmed milk powder (SMP) traders from North India are sourcing the commodity from the South to benefit from the slump in prices there. 


Milk powder firms source from price-hit South

The Rs 2,500-crore Joyalukkas Group, a leading jewellery retailer, plans to tap the capital market with an initial public offer (IPO) next year to fuel its growth plans. 


Joyalukkas to tap market to fund retail expansion

Silver is likely to test the downward psychological barrier of $11.85 an ounce and Rs 16,500 a kilo in international as well as domestic markets respectively, taking cue from industrial and other PGM

Silver trades at six-month low of $12.11

Textile majors demand set to double organic cotton output in 2 years.


Global apparel brands opt for organic cotton

The marine export sector, especially shrimp exporters to the US, are in an upbeat mood as the US Department of Commerce (DoC) is expected to reduce the anti-dumping duty on shrimps soon. The DoC is

Shrimp exporters bet on duty cut

Coriander prices have shot up by Rs 300 a quintal in a week because of rising demand from exporters and low production. 


Coriander rises on low output

Low availability and strong demand for groundnut in the country has led to a 49 per cent rise in prices compared to last year, traders said.


Demand buoys groundnut by 49%

Paper manufacturers have decided to hike uncoated paper prices by about 2 per cent with effect from July 1.


Paper majors to hike prices on rising input costs

The southwest monsoon has severely affected guarseed prices, which are headed for an unprecedented low this year. Both the spot and the futures markets are hit despite a strong export demand.


Rains dampen guarseed as rates dip to record lows

Hindustan Zinc, the countrys largest zinc producer, has cut its products prices by 6 per cent or Rs 9,700 effective Thursday on declining metal price on the London Metal Exchange (LME).


Hind Zinc cuts rates by 6% on LME cues

The sugar industry may soon be contesting the inclusion of the commodity under the Essential Commodities Act and the higher weight given to it in the wholesale price index (WPI).


Sugar not an essential commodity: KPMG

Cardamom prices fell by Rs 13.70, or 1.47 per cent, to Rs 914.80 per kg in futures trade today due to the adequate stocks available in the physical market on higher supply from the producing belts.

Cardamom sheds 1.5% on subdued demand

Press Trust of India

Mentha oil prices fell 0.83 per cent to Rs 1,252 per kg in futures trade today on profit-booking by speculators amid increased arrivals of the commodity in the physical market from the major producing belts in Uttar Pradesh.

Mentha oil sheds 0.8% on profit-booking

The futures and spot markets of turmeric are moving in different directions. The futures have shown signs of strengthening, while the other spot prices have dipped. 


Turmeric witnesses divergent trend

AP farmers have disposed of only half of the turmeric crop they reaped in 2006-07 as market prices further came down to Rs 1,750-1900 a quintal from Rs 1,950-2,050. Godowns and cold storages in Guntur

AP farmers hold back crop as prices decline

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