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

Business Standard

Rice seems to have emerged as a favourite diplomatic tool for India to build strong ties with its east- and south-Asian neighbours.

India plans rice diplomacy with Indonesia

Oil prices tumbled in Asian trade today, dragged down by a surging greenback and worries over a European debt rescue plan jeopardised by Greece's decision to hold a referendum, analysts said.

Crude falls in Asia on strong dollar as G20 meets

Buoyed by spot demand from bulk consumers and a delay in cane-crushing, sugar prices rose by 0.29% to Rs 2,768 per quintal in futures trade today.

Sugar gains 0.29% in futures trade

Press Trust of India

Copper futures fell by 0.81% to Rs 390.25 per kg today, as speculators booked profits after yesterday's gains and a weakening trend overseas on eurozone worries. At the Multi Commodity Exchange counter, copper for delivery in far-month February fell by Rs 3.25, or 0.81%, to Rs 390.25 per kg.

Copper down 0.81% on weak global cues

Taking negative cues from global markets and subdued domestic market demand, zinc futures prices today moved down by 0.21% to Rs 95.75 per kg.

Zinc marginally down on weak global cues

The government is set to announce shortly a relief of Rs 400 per quanital on raw jute over minimum support price of Rs 1700 per quintal. &quot;The state has agreed to offer subsidy of Rs 100 per qunital while, Centre has agreed to pay another Rs 300 per quintal to support the farmers,&quot; West Bengal Agricuture Marketing Minister Arup Roy said at the Indian Chamber of Commerce.

Govt to announce Rs 400 per quintal subsidy for raw jute

Miners hope to resume operations by month-end.

SC panel clears 24 companies, with riders

A good monsoon, stable cattle-feed cost and better price to farmers are expected to increase domestic milk production by six-seven per cent and ensure stable prices to consumers. The production growth rate will be higher than three-four per cent increase achieved in recent years.

Milk output may rise 6-7%

In a partial relief to milk product exporters, the Director General of Foreign Trade (DGFT) has allowed export of casein and casein products, but only up to the limit of 1,053.62 tonnes.

DGFT gives partial relief to casein exporters

Gold and silver broke out of consolidation area to signal a short- to medium-term bull run and a new trading range. This range is wide enough for traders and investors to make decent profits.

Gold, silver create a new trading range

Extending yesterday's gains, copper prices shot up by 0.92% to Rs 393.05 per kg in futures trade today, supported by a firming trend on the London Metal Exchange and better demand in the domestic spot market.

Copper extend gains on higher global cues

Supported by a firming trend overseas, nickel prices moved up by 1.06% to Rs 925.10 per kg in futures trade today.

Nickel rises over 1% on global cues, spot demand

Mentha oil prices rose by Rs 9.40 to Rs 1,354.90 per kg in futures trade today, as traders enlarged their holdings tracking a rise in the industrial demand in spot markets.

Mentha oil rises on industrial demand

JSW Steel Ltd, the largest producer in India, continues to be the largest buyer of iron ore at e-auctions in Karnataka. The company, which runs a 10-million-tonne steel plant in Karnataka, has picked up 926,000 tonnes of iron ore (with an iron grade of 62 per cent), about 41 per cent of the ore auctioned at the fifth round of e-auctions held yesterday and on Friday in Karnataka.

JSW Steel buys 41% of iron ore auctioned

The deficit of global rare earth minerals is likely to widen to 13 per cent by 2014 due to severe production cuts and supply restrictions by China, the world&rsquo;s largest supplier, contributing nearly 97 per cent of the world production. Rare earth minerals are used extensively for manufacturing plasma televisions, smartphones and energy saving light bulbs.

By 2014, rare earth minerals deficit to be 13%

The share prices of steel companies shot up sharply in response to an interim relief provided by the Central Empowered Committee (CEC) which cleared 24 applications for re-commencing mining operations in Karnataka.

Steel stocks up on panel's nod for mining

Demand for e-series copper more than gold, silver.

Precious metal junkies look to strike gold with copper

Miners and traders came to accept in September that with industry across the globe facing grievous economic strain, sooner than later steel making raw materials like iron ore, metallurgical coal and ferrous scrap would come under pressure. But, they certainly were not prepared for the 16 per cent price fall in iron ore in the final week of last month. Reuters describes this as the most precipitous price slide in a week for one of the two most globally important dry bulk commodities, the other being coal. The benchmark 62 per cent iron content material traded at $181 a tonne as recently as September 7 and now traders will be lucky to make deals at $120 a tonne. In tandem, scrap is selling at its lowest for almost a year.

No respite for steel makers soon 

The central government has planned a push for cotton farmers on regulatory concerns. It also has financial help in mind.

Biotech Bill expected in winter session

India has emerged as a major player in the cotton sector and may overtake China in the next decade in output, if the government maintains policy consistency and effectively communicates research results to small growers, Terry P Townsend, executive director of the International Cotton Advisory Committee, tells Sanjay Jog.

Q&A: Terry P Townsend, International Cotton Advisory Committee

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