Turmeric prices moved up by Rs 2.10% to Rs 5,354 per quintal in futures market today, on buying by traders, driven by some overseas demand.

Turmeric up on export demand, rise over 2%

Press Trust of India

Snapping a three-day rising streak, gold and silver fell today, due to reduced offtake by stockists and jewellers at existing high levels amid a weakening trend in Asia.

Gold falls to Rs 27010, silver down by Rs 500 on Asian cues

The Food Corporation of India (FCI) aims to procure a record 35.30 million tonnes (mt) of rice in 2011-12 on expectations of a bumper crop. During the previous financial year (2010-11), it had procured 32.70 mt of rice. The procurement data include those by FCI, state agencies (which procure for central pool) and levy rice (procured by millers).

FCI plans record rice procurement

Business Standard

India is expected to have a bumper turmeric output this kharif season. Farmers increased area under sowing for the spice as they received higher returns for the produce last year.This year, the total production is estimated to be around 8.5 million bags (1 bag= 75 kg), while it stood at 6.5 million bags in 2010-11 and 4.8 million bags in 2009-10, traders said.

Bumper turmeric crop likely this kharif season

World Steel Association says it is &lsquo;cautiously optimistic&rsquo; on the demand growth situation.

Steel demand growth to fall in 2012

An increase in supply from Tamil Nadu and Kerala has led to a sharp fall in the price of coconut oil. The price today dropped to Rs 7,500 a quintal in the local market, which had touched the peak of Rs 10,400 a quintal during the second week of May.

Coconut oil prices fall on increased supply

Oil prices fell on demand fears in Asia today after a weak batch of trade data from China, the world's biggest energy user, analysts said.

Crude down in Asia on China demand fears

&nbsp;Tracking a firming trend in global markets, gold prices rose by Rs 64 to Rs 27,080 per 10 grams in futures market today, as speculators created fresh positions to meet the ongoing festive demand.

Gold futures gain 0.24% on global cues

While the cement companies have raised prices across the country in the last one week saying the demand is likely to improve post monsoon, the fact is that industry&rsquo;s average capacity utilisation across the country declined in the first six months of the current financial year. In other words, price rise was due to a fall in the production.

Cement capacity utilisation falls in H1

The global financial turmoil and reduced demand for steel products in Europe has adversely affected the prospects of Indian iron ore exporters to China. Despite shortage in supply of iron ore from Karnataka and Orissa, prices of Indian-origin iron ore in Chinese markets have dropped to $168 a tonne, as against $191 a tonne about 15 days ago, declining 12 per cent.

Indian-origin iron ore prices fall 12% in China

Gold extended gains for the second straight session today and rose by Rs 45 to Rs 27,165 per 10 grams on sustained buying by stockists and jewellers to meet the seasonal demand, amid a firming global trend.

Gold glitters up Rs 45, silver down by Rs 250

Major steel producers, including JSW Steel and Kalyani Steel, showed little interest in buying iron ore during the fourth round of e-auction due to a massive increase in prices.

Iron ore e-auctions: High prices dater major steel mills

The duty will be levied on all imports originating from Saudi Arabia, Korea and the US. While the notification issued by the anti-dumping directorate has not spelt out the duty amount, it has clarified that it would be based on the reference rate which is around $400 and landed cost of the commodity.

Anti-dumping duty on caustic soda imports

Gold prices could rise next week on the back of stable cues from Europe and better-than-expected economic data from the US. The Kitco News Gold Survey suggested strong rally in gold next week with 21 participants expecting prices to go up, while three believe prices could fall and one says prices will remain sideways or unchanged. On the week, December gold futures prices on the Comex division of the New York Mercantile Exchange settled at $1,683 an ounce &mdash; up 2.9 per cent on the week.

Prices could move higher next week

Gold prices present a good opportunity for long-term investors to accumulate the precious metal as its overall outlook remains positive amid the current economic uncertainty.

Gold likely to stay bullish, say experts

High arrivals with low demand from overseas buyers may pull down jeera or cumin seed prices by about 10-15 per cent from November onwards, industry sources informed. Jeera arrivals at Unjha market hovered in the range of 5,000 - 7,000 bags (each bag weighing 60 kg) in recent days.

Heavy arrivals, weak demand may pull jeera prices down

Fighting against the proposed export incentive for cotton, the Confederation of Indian Textile Industry (CITI) fears the Centre's move will &quot;imperil the domestic textile industry&quot;.

Cotton export incentive bad for textile mills: CITI

The University of Agricultural Sciences, Dharwad, has developed two varieties of wheat &mdash; UAS-304 and UAS 428 &mdash; for making bread. While one is resistant to the deadly Ug99 disease, the other can help combat malnutrition. The two wheat varieties have been selected for notification by the Central Subcommittee on Crop Standards, Notification and Release of Varieties for Agricultural Crops, which comes under the Central Seed Committee, Ministry of Agriculture. Seed production could commence thereafter, UAS V-C R R Hanchinal said.

UAS develops 2 varieties of wheat

Europe's weekend vow of a decisive resolution to its debt crisis and hopes that the US' spending cuts plan will be passed without incident buoyed Asian oil markets today, analysts said.

Crude up in Asia on economic outlook

Amid profit-booking by speculators, copper prices fell by 1.12% to Rs 369.75 per kg in the futures trade today.

Copper futures down 1% on profit-booking

In range-bound trade, potato prices gained marginally by 0.11% to Rs 652.60 per quintal in futures trade today on firm spot market cues.

Potato futures marginally up on spot demand

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