The US, traditionally the largest export destination for Indias gems and jewellery industry, has given way to China for the top spot.


China top jewellery importer in FY08

Business Standard

The iron ore exports fell marginally to 93 million tonnes in 2007-08 from 93.7 million tonnes in financial year 2006-07 due to surging freight costs (ocean and railway), infrastructure bottlenecks,

Iron ore exports fall

Asian stocks advanced on Tuesday led by energy producers and trading companies, after crude oil rose to a record and silver and gold prices gained.


Oil fuels Asian rally

The king of fruits may be conquering the US, Japan, Europe and West Asian markets but Russia, a promising market, will be missing from the list this year. 


Mangoes lose flavour with Russian exporters

Demand strong despite surge in the prices of imported edible oils. 


Prices fail to suppress oil appetite

Sharp increase in the prices of butile rubber (BR), a synthetic rubber (SR) variety, has impacted the production cost of automotive tyre makers strongly. 


Rubber prices hit tyre makers

The slowdown in the US economy has cast a shadow on Indias export dependent gems and jewellery sector. 


Gem units shut on US slowdown

Oil prices set a record above $115 a barrel on Thursday as a fall in US gasoline inventories raised supply shortage concerns ahead of the summer driving season.


Oil scales $115/bl on US data

The government has bought 7 per cent more wheat from farmers this year to bolster state reserves that may be used to curb inflation running near a three-year high. India is the worlds second-biggest

Govt procures 7% more wheat from farmers

The ban on cement export by India will lead to an oversupply in the domestic market in the current financial year, resulting in a pricing pressure in western states, according to a report by

Citi sees cement glut on export ban

Press Trust of India

Asian stocks rose for a third day, led by financial companies and consumer electronics makers, as better-than-forecast profits at U.S. banks and LG Electronics Inc. eased concern that slowing global

Asia rises for third day

Rates set to rise as rabi season crushing comes to an end, stocks dwindle. 


Seasonal demand to boost oil prices

Trading in Malihabad, Uttar Pradeshs mango belt, is set to become easier with the state government proposing a world-class agricultural market replete with ultra modern facilities. The Uttar Pradesh

UP mango belt to get agri mart soon

Gold climbed in Asia after crude oils rally to an all-time high boosted its appeal as an inflation hedge. It was also aided by the dollars loss of momentum in the recovery against the euro. 


Gold rides on crude oil rally

Asian stocks rose, sending the regions benchmark index to a seven-week high, on speculation the worst of credit-market losses at banks has passed and earnings at machinery makers will climb.


Asia stocks at 7-wk high

After a strong beginning in 2008, prices of industrial commodities, barring crude oil, are expected to cool down in the second half of the year. 


Industrial commodity prices set to dip in second half

During April-December 2007-08, exports of rice and sugar increase, while those of wheat, pulses and oilmeals decreased over the previous year, the government on Wednesday informed Parliament. 


Exports of key food items decline

<P>Amid rising allegations of cartelisation in the cement and steel industries,the Builders Association of India (BAI) has again asked for a check on the spiralling prices of the construction raw materials.

Builders ask for check on cement prices

<P>In the wake of many countries facing rice shortfalls for basic consumption, worlds top rice exporter Thailand has announced the development of a new hybrid rice strain with a potential of producing yields 20 per cent more than other varieties, officials have said.

Bangkok develops high-yield variety

<P>At a time when the government is increasingly intervening in the domestic cement industry, the countrys top two cement manufacturers, ACC and Ambuja Cements, dismissed the measures as knee-jerk reactions and ruled out any cartelisation in the industry.

Cartelisation is an impractical theory, say top cement firms

Gold is likely to hit the next technical resistances of $983 and $1010 in the near term on continued dollar weakness, record high crude price and spurring demand as an alternative investment to stocks

Gold nearing $1000 on zooming oil prices

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 1311 - Commodity News