The Forward Markets Commission (FMC) says it will not allow permission for new contracts without a satisfactory linkage with the spot market.

No futures contract without spot market linkage, says FMC

Business Standard

The Karnataka government told the Supreme Court on Thursday that following the Rs 50,000-crore loss it suffered due to the iron ore export ban from the state, it has drafted new rules to plug leaks and the new system will be notified shortly.

Govt to come up with new system for leaks

India&rsquo;s top court on Thursday gave Karnataka state two more weeks to respond to a petition filed by iron ore mining companies challenging a ban on exports.

SC gives Karnataka more time for iron ore ban reply

High cotton yarn prices on account of cotton exports have put thousands of powerloom weavers and processors in the town of Burhanpur under a tight squeeze. The weavers are already facing frequent power cuts and state government apathy.

Powerloom weavers hit by high cotton yarn prices

Karnataka Planters&rsquo; Association (KPA), one of the largest organisations representing coffee growers in India, sees higher export demand in the current crop year. In a chat with Mahesh Kulkarni and Debasis Mohapatra, KPA&rsquo;s Chairman Sahadev Balakrishna and Vice-Chairman Marvin Rodrigues discuss the industry&rsquo;s concerns.

Q&A: Sahadev Balakrishna and Marvin Rodrigues

The country may be able to export at least 2 million tonnes under OGL.

India to review sugar export plans as output rebounds

With an increase in the sugarcane area, sugar mills in the state expect the crushing season to be longer this year as compared to the previous year. They expect the crushing season will last for 100 days against last year&rsquo;s 65-80 days. Also, mills expect the actual utilisation of their cane crushing capacity to be higher in the ongoing season.

Sugar mills in Punjab expect better season this year

There are few takers for contracts in the short-term power market. With distribution companies reluctant to draw power due to financial problems and selective allowing of open access by states, prices have crashed to Rs 2.50 per unit from Rs 7 per unit at one time.

Despite low prices, short-term power deals find few takers

India&rsquo;s coffee output in the current year ending September is likely to be slightly lower than Coffee Board&rsquo;s post-blossom estimates, growers and exporters said.

Coffee Board sees 1.83% rise in output

Domestic users of natural rubber, reeling under the impact of record prices, have to gear up for another round of high rates in calendar 2011 due to the yawning gap between demand and supply but the trend in crude oil prices would also have a bearing on their fortunes.

Natural rubber to remain on boil as demand outpaces output

Oil was higher in Asian trade today amid expectations that crude demand will stay strong heading into next year, analysts said.

Oil up in Asian trade on demand expectations

Buoyed by a firming trend overseas on strong US data and pick up in domestic market demand, zinc futures prices rose by 2.18 per cent to Rs 105.60 per kg today.

Zinc futures climb 2.18% on firm global cues

Press Trust of India

Tracking firm trend in other base metals and rising domestic demand, lead futures traded 1.21 per cent higher at Rs 109.15 per kg today.

Lead futures up 1.21% on spot demand, global cues

Crude palm oil prices fell by Rs 1.20 to Rs 525.80 per 10 kg in futures trade today on profit booking by speculators, driven by subdued demand in spot markets.

Crude palm oil remains weak on profit-booking

Guarseed prices spurted by 2.29 per cent to Rs 2,543 per quintal in futures trade today, as speculators created fresh positions, supported by a firming trend at spot markets.

Guarseed spurts in futures trade on increased buying

Taking firming cues from the London Metal Exchange counter, copper regained strength to trade 1.04 per cent higher at Rs 419.30 per kg in futures trade today.

Copper futures recovers over 1% on global cues

Nickel prices edged up to 0.17 per cent in futures trade today, supported by firm demand and gains overseas on strong US economic data.

Nickel marginally up on strong global trend

Sugar surged by Rs 50 and wheat fell by the same margin in the wholesale foodgrains market today, even as other commodity prices ruled steady.

Sugar rises, wheat falls in wholesale foodgrains market

Gur prices strengthened by Rs 8.50 to Rs 1,056 per 40 kg in futures trading today on increased buying by traders at prevailing lower levels, driven by limited supply in spot markets.

Gur futures up on short covering

Mentha oil prices fell back by Rs 13.90 to Rs 1,116.10 per kg in futures trade today, as traders indulged in profit-booking, driven by subdued demand in the spot market.

Mentha oil futures succumbs to profit booking

Continuing its rising streak, cardamom prices climbed Rs 57.60, or 4 per cent to hit the upper circuit at Rs 1,498.30 per kg today, as traders enlarged their commitments, driven by pick up in strong exports and domestic demand.

Cardamom hits upper circuit, surges 4% on spot demand

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