Refined oil prices surged for the second day by adding Rs 3.65 to Rs 606 per 10 kg in futures trade today, as speculators enlarged their positions supported by a rise in demand in the spot market.

Refined soya oil futures remain higher as demand rises

Press Trust of India

Tracking firm global trends, crude oil futures prices surged by Rs 63 to Rs 4,307 per barrel today on fresh buying by speculators.

Crude oil futures up on global cues

Turmeric prices fell further by Rs 196 to Rs 9,750 per quintal in futures trade today, as speculators continued to book profits at existing higher levels.

Turmeric futures remain weak on profit booking

Low density polymer traded marginally lower by 50 paise per kg on the local plastic market today due to reduced offtake by plastic bag makers against adequate stocks.

Low density polymer declines on reduced offtake

Prices of moong and moth dropped to Rs 200 per quintal on the wholesale pulses market today following increased arrivals from producing regions.

Moong, moth dips on increased arrivals

Select edible oils maintained their upward march for the third straight day in a row and added up to Rs 30 per quintal on sustained buying by vanaspati millers.

Select edible oils up on global cues

Rice basmati prices fell by Rs 100 per quintal on the wholesale grains market today on adequate stocks following increased arrivals from producing belts.

Rice basmati declines on adequate supply

The government's efforts to cool down rising rubber prices by lowering import duty may not yield the desired results, as traders are unlikely to resort to overseas purchases due to higher prices of the commodity in international markets than domestic rates.

Rubber import duty cut may not have desired impact: dealers

The wholesale sugar market ended on a flat note today, as prices moved in a tight range on restricted buying against adequate stocks and settled around previous levels.

Sugar remains flat in thin trade

Copra edible prices rose in the spices market here today due to steady demand from stockists and retailers as well as higher offtake from exporters.

Copra edible strengthens due to rise in demand

Wholesale onion prices dipped further today with the fall as steep as 20 per cent in Nashik in Maharashtra besides a marginal decline in Delhi in the wake of steps taken by the government.

Wholesale prices of onion slid in Nashik, Delhi

The consumers' plight does not end with onion, garlic and tomato, cooking oils have also become dearer in the last two-three months and any relief is not expected before February-end.

Oil becoming dearer, consumers' relief not before two months

Castorseed futures prices firmed up further in an otherwise sluggish oils and oilseeds market here today on increased export as well as domestic demand.

Castorseed futures firm up on better demand

Though onion prices have begun downhill journey in major cities, citizens across the country continued to be battered by high rates of other important vegetables--tomato and garlic-- whose rates have soared astronomically across the country.

Tomato, garlic prices continue to soar in major cities

Despite the untimely rains last month delaying sowing in Gujarat, the area under wheat sowing in the state has seen an increase of 1.74 lakh hectares over the last year. Many farmers are said to have chosen wheat over jeera in the wake of erratic weather in November as jeera crop is quite sensitive to vagaries of the weather.

Wheat acreage in Gujarat up by 1.74 lakh hectares

Business Standard

There is no possibility of oil prices exceeding $100 per barrel in 2011 but the present price range of $70- $80 per barrel is acceptable to both producers as well as consumers, Kuwait's Minister of Oil Sheikh Ahmad Al-Abdullah Al-Sabah has said.

Oil prices unlikely to exceed $100 per barrel next year

The combined nominal GDP of West Asian oil producers will jump to a record high of more than $1.1 trillion in 2011 due to higher crude prices and output, a study by industrial bank has claimed.

Gulf GDP to exceed $1 trillion: report

Sugar remains flat on lack of buying support

Prices of tur, urad, moong dal and sooji declined, while wheat and maida moves up in the wholesale foodgrains market here during the week under review.

Dal, sooji prices decline

The wholesale gur (jaggery) prices closed on a flat note in the national capital today, following sufficient stocks position against ongoing seasonal demand.

Gur ends flat on lack of buying support

Firming trends in edible oils continued for the fifth straight week in the national capital, supported by increased offtake by vanaspati millers and retailers for the marriage season amid strong global cues.

Edible oils strengthen on seasonal demand, global cues

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