Sugarcane crushing in Maharashtra, India&rsquo;s biggest producer, will be delayed by at least a week this year after mills and farmers failed to agree on cane prices, a millers&rsquo; group said on Wednesday.

Cane-pricing dispute delays sugar production

Business Standard

Silver coins suffered the biggest single-day plunge of Rs 7,000 to Rs 58,000 per 100 pieces here on Wednesday on fresh arrivals for the festival season, in line with a steep fall in the industrial metal's prices.

Silver coins log biggest single-day fall

Press Trust of India

JSW Steel, which had cut production to 30 per cent of installed capacity at its 10-million tonnes-per-annum (mtpa) Karnataka unit after the ban on mining and sale of iron ore, is optimistic of restoring normal output by the end of this month.

JSW steel to restore full production in 4 weeks

This festive season Surat-based textile makers are shifting their target market from conventional major destination, Telangana, to other parts including northern and eastern parts of the country.

Surat textile units see healthy festive sales

Base metal prices decline 20-30%, crude oil futures fall to an 8-week low as concerns over a possible Greek sovereign debt default reduce commodities&rsquo; appeal.

Metals to crude, it's a gloomy picture everywhere

Oil fell in Asian trade today as investors took profits after sharp overnight gains, analysts said.

Oil lower in Asian trade on profit-taking

Crude palm oil prices moved up by Rs 2.50 to Rs 465 per 10 kg in futures trade today due to a pick-up in demand in the spot market.

Crude palm oil futures rise on pick-up in demand

Silver prices shot up by Rs 580 to Rs 55,175 per kg in futures trade today as speculators enlarged their positions in tandem with a firming trend in Asian region.

Silver futures trade higher by Rs 580

Amid a firming global trend, nickel prices moved up by Rs 9.70 to Rs 952 per kg in futures trade today on increased domestic demand.

Nickel futures gain 1.03% on spot demand

Base metal prices strengthened by up to Rs 5 per kg in the local non-ferrous metal market today on sustained buying by stockists, triggered a firming global trend.

Base metals strengthen on global cues

Despite high prices and volatility, a surge in demand is expected during the festival season.

Gold imports may cross 1,000 tn this year

Aided by good domestic crop, favourable prices and robust demand from the international markets, India&rsquo;s coffee exports jumped 41 per cent to 358,278 tonnes in the just-concluded coffee year, ended September. This is an all-time high for Indian coffee. The previous crop year saw export of 253,715 tonnes.

Coffee exports rise 41% in 2010-11

For Santosh Verma from Nemawar (Harda district) and Mukund Parashar from Bari (Raisen), this kharif season was the worst. Both have lost their soy crops to the monsoon rains.

MP farmers hit by soy crop damage

Capacity utilisation across the cement plants in Andhra Pradesh has dropped below 50 per cent after the state government imposed a three-day power holiday on industries this week.

Power holiday hits cement production by 50%

Both the precious metals, gold and silver, fell on the bullion market today on profit-selling by stockists, amid a weak trend in overseas markets.

Gold, silver turn weak on global cues

Gold fell nearly two per cent yesterday to close at $1,635.80 an ounce, from an intra-day high of $1,668, on profit booking by traders. It still notched its first weekly gain in a month, up $13.50 or 0.83 per cent. According to Bloomberg reports, some investors still believe the Federal Reserve may introduce new measures to stimulate the US economic growth, which would support gold as a store of value. But others see more downside risk if investors need to sell gold to cover margin calls for losses in other financial markets.

Range-bound trading likely on Monday, Tuesday

India is getting ready to export tobacco to China from this year, if everything goes well. Trade relations between India and China would be renewed after a gap of around 12 years.

India may export tobacco to China

Chhattisgarh government has set a target to procure 5.5 million tonnes (MT) of paddy from the farmers through the cooperative societies across the state.

Chhattisgarh govt targets to procure 5.5 MT of paddy through cooperatives

Gujarat-based millers, engaged in processing of pulses, are likely to face input cost pressure due to increasing dependence on imported raw materials including tur (pigeon pea). Mounting concerns of a fall in acreage of tur and other pulses in the state are forcing these millers to look for raw material supplies from other states as well as imports from African countries.

Gujarat-based millers see red on lower pulses acreage

Supported by strong demand in the spot market, cardamom prices surged by Rs 17.80 to Rs 771.50 per kg in futures trade today as speculators increased their positions.

Cardamom futures gain Rs 18 on strong demand

Mentha oil prices gained Rs 22.80 to Rs 1,313.70 per kg in futures trade today, as speculators created fresh positions following pick-up in the spot demand.

Mentha oil rises on export, domestic demand

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