World oil prices could soar to $200 per barrel if Iran's petroleum sector is hit with new Western sanctions, Iranian Oil Minister Rostam Qasemi said.

Oil could hit $200/barrel under new sanctions: Iran

Press Trust of India

Maharashtra&rsquo;s cooperative sugar mills are heading towards a financial crisis in the current crushing season. This is due to problems in the disposal of the carryforward stock of 3.5 million tonnes (mt), worth Rs 9,205 crore, rising mismatch between the cost of production and realisation, and delay in the commencement of crushing due to ongoing agitation by farmers demanding higher cane payment.

Maharashtra co-op sugar mills face glut crisis looms

Business Standard

It is in itself some achievement that the country&rsquo;s steelmakers are able to engage their customers in discussions about price revisions of products for long-term contracts in the present difficult circumstances. This is because the initiative stands in rather sharp contrast to the scene in the northern hemisphere and China.

No end in sight to steel oversupply, price slump

World oil prices extended losses today amid market volatility after a US brokerage firm filed for bankruptcy and Greece called for a referendum on its latest bailout deal.

Oil prices down in Asian trade

Copper prices fell by Rs 2.55, or 0.65% to Rs 390.40 per kg in the futures market today, as speculators offloaded their positions in tandem with a weakening global trend.

Copper falls on weak global cues, sluggish demand

Nickel futures traded 0.61% lower at Rs 965.20 per kg, as speculators reduced their positions due to sluggish demand from alloy-makers in the spot market amid a weak global trend.

Nickel down 0.61% on weak global trend

Zinc prices fell by 0.82% to Rs 96.90 per kg in futures trade today amid a weak trend in base metals on the London Metal Exchange (LME).

Zinc down 0.8% on global cues

Cardamom futures prices moved up by Rs 6.10 to Rs 668.50 per kg today on fresh demand in the spot market, driven by the ongoing wedding season.

Cardamom up on fresh spot demand

Snapping the brief falling streak post Diwali, both gold and silver bounced back today, supported by retailers' buying at existing low levels to meet the demand for ongoing wedding season amid a firming global trend.

Gold up Rs 230, silver up Rs 450 in wedding season

Says no to more sugar exports also as the move will spur domestic prices.

Food ministry against further cut

Traders anticipate prices to fall as new arrivals start from November.

Increased arrivals, weak demand may pull jeera down

Besides dubbing many provisions of the TMCO &ldquo;arbitrary&rdquo; and &ldquo;unfair&rdquo;, the tea industry said the price sharing formula was difficult to comprehend.

Tea industry seeks changes in price-sharing pattern

With the apple harvest over in Himachal Pradesh, production has declined to the lowest in 12 years, officials say.

Himachal apple output at 12-year low

Crude prices were lower in Asian trade today as Greece's surprise announcement of a referendum on its debt bailout stunned equities and commodities markets, analysts said.

Crude down in Asia on Greece fears

Buoyed by a firming trend overseas and a pick-up in domestic spot demand, copper prices recovered by 0.73% to Rs 387.75 per kg in futures trade today.

Copper rebounds on higher global cues

Nickel prices moved up by 0.68% to Rs 938.10 per kg in futures trade today amid a firming trend in base metals overseas.

Nickel recovers by 0.68% on global cues, spot demand

Zinc prices rose by 0.26% in range-bound trade in the futures market today, even as the metal weakened on the London Metal Exchange.

Zinc recovers marginally in futures trade

Gold extended gains for the second straight day by adding Rs 170 to Rs 27,940 per 10 grams today on sustained buying, following pick-up in wedding season demand amid a firming global trend.

Gold up Rs 170 on seasonal demand, silver down Rs 900

Domestic, overseas sales decline, sparking fears of a re-run of 2008 slump.

Slowdown ahead for Indian diamond jewellery industry

Delivery default in the recently-ended steel billet October contract on the National Commodity &amp; Derivatives Exchange (NCDEX) is turning into a controversy. The exchange has sought two-three days to pacify traders, who are angry over its failure to deliver steel billets within the deadline.

NCDEX faces traders' ire over default in steel billet delivery

The Directorate General of Foreign Trade (DGFT) has decided to review all export incentives in the technical textile sector before April for a possible recall of export subsidies.

DGFT to review textile export subsidy

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