Despite the low output estimates of maize, the futures market of the commodity is reeling under a weak phase. On Ncdex, the maize contract for May delivery plunged by 6 per cent last week. 


Maize seen bullish

Business Standard

Lead futures prices today rose marginally to Rs 122.55 per kg on rising spot demand and positive cues from global markets.

Lead gains marginally on spot demand, overseas cues

Press Trust of India

Nickel prices moved up by 0.20 per cent to Rs 922.30 per kg in futures market today as speculators enlarged their positions, tracking a firming trend in spot market on increased demand from alloy-makers.

Nickel up 0.2% on firm demand, global cues

Merrill Lynch &amp; Co, the worlds third-biggest securities company by market value, raised its 2007 price forecasts for nickel, aluminum and lead, as inventories fell and because of supply

Merrill bullish on base metals

Asian stocks rebounded from the biggest drop in more than a week on speculation rising US mortgage delinquencies wont damp spending in the worlds largest economy.


Asian scrips snap loss

Iron ore contract prices may rise 10 per cent next year on expectation of rising demand from China, according to Macquarie Bank, the largest investment bank in Australia, the biggest iron ore exporter

Macquarie sees 10% rise in iron ore prices

Crude oil rose for a second day in New York after US stockpiles increased less than expected and a rebound in stock prices bolstered investor confidence.


Oil rises on US supply constraint

A clear direction for the entire year will be set for turmeric, red chilli and black pepper markets in April. Farmers, traders and consumers expect a clear picture on crop condition in Vietnam and

April to set the trend for spices

<B>Chana may slip on arrivals</B>: Low demand and new arrivals are expected to infuse slight bearish trend in the chana futures and spot markets next week. With the Centre asking the state governments

Commodity spikes

Calvin Miller, senior officer, rural finance, Food and Agriculture Organisation (FAO), is happy with the countrys rural finance when compared with the rest of the world. He, however, he expresses

'Focus now on linking farmers to mkts'

Withdrawal of subsidies by the government has hit exports badly.


Indian pepper exports lose zing

Though India has emerged as major cotton exporter since the past two years, the trend may not sustain for a long period due to the rising local consumption.


Local use takes toll on cotton exports

The government is set to repeat last years record rice procurement in the 2006-07 (October-September) marketing season. Last year, the Food Corporation of India (FCI) had procured 27.66 million

Record rice procurement likely this year

Indias October-September soymeal exports are seen at 3.5 million tonne, down from 4.1 million tonne in the same period a year ago, an industry official said on Saturday.


Oct-Sept soymeal exports down to 3.5 mn tn

Diamonds and gemstones jewellery is set to grab a greater market share from plain gold and silver ornaments with prices likely to come down after import duty cuts proposed in this years union budget,

Diamonds to grab further share in domestic jewellery market

With the Gujarat government declaring stock limits on wheat and pulses, the city-based wheat traders, under the aegis of the Rajkot Market Yard General Merchants Association, have decided to meet

Traders to discuss wheat quota

Cardamom growers and traders are puzzled over the low prices despite declining stocks of the spice, especially in the offseason. They blame a cartel of traders for controlling the prices and keeping

Cartel accused of controlling cardamom prices

After excellent gains last week, base metals prices are heading for another sparkling week, owing to shrinking stockpiles and a rising supply-demand gap across the board. Last week, copper prices

Metals to shine on low stocks

Gold may fall as a drop in the energy costs will reduce the metals appeal as a hedge against inflation. Gold often moves in an opposite direction vis-a-vis oil.


Gold may fall as oil prices decline

With the surging price of zinc, there are signs of a reduction in the global demand for this non-ferrous metal in January 2007, on a y-o-y basis. According to the Portugal-based global industry body,

Global demand for zinc may dip

Hindustan Zinc Limited, Indias largest zinc producer, has cut the basic selling price of zinc by 2 per cent or Rs 3300 per tonne with immediate effect, in order to bridge the gap between the domestic

Hind Zinc cuts prices

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