Vegetable oil imports set a new record in the last oil year (November-October) on increased consumer and institutional domestic demand. Disparity in domestic seed crushing led to poor capacity utilisation and accumulation of stock through imports in the beginning of the season.

Veg oil imports set a new record

Business Standard

Faced with pressure on margins due to exponential growth in cotton yarn prices, the Rs 55,000-crore textile industry &mdash; powerloom, handloom, made-ups and apparel makers &mdash; would observe a day&rsquo;s nationwide bandh, the first of its kind, on Friday.

Textile industry to go on nationwide strike on Friday

Foodgrain prices are likely to remain range-bound this year due to higher production forecast and abundant stock in the central pool.

Foodgrain prices to remain range-bound on high output

Crushing of sugarcane in Karnataka and Andhra Pradesh is likely to slowdown on reduced supply to mills because of the recent heavy showers in some parts of the growing regions, industry officials said.

Cane crushing slows in Andhra, Karnataka after heavy rain

Cotton production in India, the world&rsquo;s second-biggest grower, may exceed an industry estimate after the heaviest monsoon rain in three years prompted farmers to plant a record area, likely tempering global prices.

Cotton output may beat estimate, cool prices

High demand abroad, but a weak dollar may hurt realisations.

Coffee exports may exceed last year's figures

The food distribution agencies of states across India have failed to lift the desired quantities of foodgrains under the additional allocation made for the Public Distribution System (PDS).

States failed to lift grains allocated to them

Prices of traditional basmati paddy crop fell by 20 per cent this season compared to last year's prices, even as the country's total basmati rice export is projected at 3 million tonne (MT).

Traditional basmati rates dip 20%

Press Trust of India

E-Series products provide an opportunity for small investors to invest in physical commodities in smaller denominations in demat form.

NSEL launches e-copper for retail investors

Sugar prices recovered moderately at the Vashi Wholesale market here today on fresh buying from stockists and retail consumers.

Sugar recovers on fresh demand

Led by nickel, most base metals dropped at the non-ferrous metal market here today due to heavy offloading by stockists and traders, sparked by a steep fall in overseas market.

Base metals decline on global jitters

Despite high prices, jewellery demand in India, the world's biggest gold consumer, grew by 36 per cent to 184.5 tonnes in the third quarter ending September, according to the World Gold Council (WGC).

India's jewellery demand rises by 36% in Q3

Despite high prices, India&rsquo;s gold demand is likely to set a new record this year on high consumer confidence due to the metal&rsquo;s inherent value and high return on investment.

Gold demand may surpass 2007 levels

Prices of all major spices will continue in the upper circuit for the next 12-14 months owing to a&nbsp;supply crunch in major producing countries across the world, said Alan D Wilson, chairman, president and CEO of US-based&nbsp; McCormick.

'Spices will remain bullish for now'

Gold rebounded to trade 0.73 per cent higher at Rs 20,061 per 10 gram in futures trading today, as&nbsp; speculators enlarged their positions, taking firm cues from the Asian region.

Gold futures up on firm Asian cues

Buoyed by a firm trend in global markets, silver futures prices recovered sharply by 1.95 per cent to Rs 39,762 per kg today.

Silver futures rises 1.95% on global trend

Refined soya oil futures prices declined by Rs 10.80 to Rs 560.45 per 10 kg today, as traders booked profits at higher levels influenced by fall in demand in the spot market.

Refined soya oil futures decline on profit taking

Nickel futures prices rose by 0.51 per cent to Rs 1,001.70 per kg today, in tandem with a firm trend in the entire base metals pack at the London Metal Exchange (LME).

Nickel futures up 0.51% on overseas trends

Tracking a firm trend at the London Metal Exchange (LME), copper futures prices today rose by 0.72 per cent to Rs 378.15 per kg.

Copper futures up 1.39% on global cues

Castorseed futures price improved by Rs 47.50 to Rs 3,710 per quintal today on fresh buying amid low inventories.

Castorseed futures up on increased buying

Mentha oil futures fell by Rs 20.50 to Rs 1,211.90 per kg today, as speculators booked profits at existing higher levels amid fall in demand in the spot market.

Mentha oil futures weakens on profit taking

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 1586 - Commodity News