Sugar prices rose by Rs 43 to Rs 2,958 per quintal in futures trade today as speculators preferred to cover up their short positions.

Sugar recovers in futures trade on short-covering

Press Trust of India

Cardamom futures fell for the third day today falling by Rs 8.90 to Rs 831 per kg as traders reduced their holdings owing to sluggish spot demand.

Cardamom extends losses on subdued demand, down 1%

Snapping a three-day losing streak, mentha oil prices recovered by Rs 3.20 to Rs 1,613.10 per kg in futures trade today after speculators created fresh positions, driven by pick up in demand in spot market.

Mentha oil up marginally on spot demand

Crude palm oil prices recovered by Rs 3 to Rs 529.40 per 10 kg in futures trade today in line with a firming global trend.

Palm oil rebounds on global cues, up 0.5%

Aluminium prices gained 0.33% to Rs 106.45 per kg in the futures market today, taking positive cues from overseas markets.

Aluminium up 0.33% on global cues

Zinc prices edged up by 0.35% to Rs 99.95 per kg in futures trade in line with firming trend overseas.

Zinc up marginally in futures trade

Nickel futures rose by 0.57% today on a firming trend overseas and strong domestic demand from alloy-makers.

Nickel up 0.57% on industrial demand, global cues

Buoyed by firming trend overseas and pick up in demand from battery-makers, lead prices moved up by 0.50% to Rs 100.35 per kg in futures trading today.

Lead up 0.5% on global cues, spot demand

Copper futures recovered by 0.40% today as speculative buying buoyed by a firming global trend.

Copper recovers on global cues, up 0.4%

The Forward Markets Commission (FMC) has appointed a new managing director (MD) for the Ahmedabad-based National Multi Commodity Exchange (NMCE).

FMC appoints Nair as new managing director at NMCE

Business Standard

The Diamond Trading Company (DTC), marketing arm of De Beers, the world&rsquo;s largest diamond miner, forecasts a slower growth in demand this year, against double-digit growth last year. Varda Shine, its chief executive officer, tells Dilip Kumar Jha this would again be driven by demand from developing economies, led by India and China.

Demand growth for rough diamonds to be lower: Varda Shine

The three-year ban on futures trading in pulses will stay for some time. The Forward Markets Commission on Friday said a decision on restarting futures trade in tur and urad will be taken only after the Forward Contracts Regulation Act (FCRA) is amended.

Trading ban on pulses will go only after Act tweak

Gold prices declined by Rs 70 to trade at Rs 28,230 per 10 grams while silver fell by Rs 200 at the bullion market here today on poor demand amid weakening global trend.

Gold, silver fall amid weak global cues

China may overtake India as the world's biggest gold buyer this year as demand for the precious metal is expected to rise both for jewellery as well as a safe-haven investment, according to the World Gold Council (WGC).

China may overtake India as top gold buyer in 2012: WGC

World gold prices climbed more than half a percent on Monday, as investors buoyed by easing moves by China's central bank and hopes for Greece to seal a bailout deal at a meeting with euro zone officials later in the day.

World gold advances on Greece optimism, China easing

Reuters 

The Solvent Extractors&rsquo; Association of India (SEA) has estimated a record castor seed production of 1.61 million tonnes in India for 2011-12 season (October-September), showing a growth of about 30 per cent over 1.25 million tonnes recorded last year.

India's castor seed output pegged at record 1.61 mn tonnes

The global steel demand is expected to register a 5.4% growth in the current year to around 1,500 million tonne on higher consumption from developing nations, World Steel Association (WSA) said today.

Global steel demand to go up by 5.4%: WSA

Spot gold rose to its highest in a week and half on Tuesday as the dollar weakened after euro zone policymakers sealed a deal for a second bailout for Greece.

World gold hits 1-1/2-week high on Greece deal

A sharp increase in the value of the dollar, unit value of various items, and the rise in exports to South East Asia, helped the marine products export sector to perform better during the April-December period of the current fiscal.

Strong dollar gives push to marine exports 

ArcelorMittal, by far the world's largest producer of steel, had revenues of $94 billion and an output of 91.9 million tonnes (mt) in 2011. But its six per cent share of world steel production could hardly be of comfort when a wrenching combination of low steel prices, drop in product shipments and several one-off charges saw the company making a loss of $1 billion in the final quarter of 2011. For the whole year, ArcelorMittal's net profit took a knock of 22 per cent to $2.3 billion. The company's performance is a testimony to the state of world steel industry.

China's steel riddle

Liberalising the commodity derivatives market further, the Forward Markets Commission (FMC) has allowed cooperative societies to act as &ldquo;authorised persons&rdquo; and take positions on futures exchanges.

Cooperative societies get FMC nod to trade on commexes

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