Faced with labour shortage to harvest cane and the unexpected delay in fixing of prices by state governments, sugar mills are planning to start crushing for the current season from the end of November, an unprecedented delay of two months.

Cane crushing delayed again, to start by Nov-end

Business Standard

Textile companies&rsquo; sales and margins are expected to remain under pressure in the second quarter of the current financial year due to weak exports and domestic demand. Only integrated textile companies are expected to fare better.

Textile firms to remain under pressure in Q2

To avoid long term shortage of downstream products like steel pipes, thanks to drastic production cuts by hot-rolled coil producers, the Federation of Industries of India (FII) has urged the mines ministry to ensure regular supply of iron ore to them.

Industry body presses govt for regular iron ore supply

An empowered group of ministers (eGoM) is expected to meet this week to review the stock holding limits on paddy and sugar.

EGoM may discuss stock holding limit this week

Oil prices were mixed but well-supported in Asian trade today thanks to buoyant gains on Wall Street and a sharper than expected fall in US crude inventories, analysts said.

Crude mixed in Asia after Wall Street gains

Copper prices fell by 0.67% to Rs 365.90 per kg in futures trade today, in tandem with a weak trend on the London Metal Exchange (LME).

Copper down 0.7% on weak global cues

Press Trust of India

Zinc prices fell by 0.70% to Rs 91.80 per kg in futures trade today amid a weak trend in base metals on the London Metal Exchange (LME).

Zinc futures down 0.70% on global cues

A divergent trend developed on the bullion market here today as gold extended losses and declines by Rs 170 to Rs 26,820 per 10 grams on sustained selling, while silver recovered by Rs 500 to Rs 53,300 per kg on scattered buying.

Gold falls further by Rs 170, silver adds Rs 500

Indian cement companies are not much affected by the coal shortage in the country. Deep pockets, good cash flows, coal stocks and the ability to pass on the costs to consumers have kept cement makers at ease.

Cement makers not worried about coal shortage

Cotton exports seem to be gaining momentum with the new crop arriving in the market. In the months to come, exports are likely to pick up.

Cotton exports pick up pace on fresh arrivals

Sugar production in Karnataka has hit an all-time high of 3.67 million tonnes during the sugar year-ended September 2011, which is a growth of 49.3 per cent over the previous year. During 2009-10, mills in the state produced 2.45 million tonnes.

New record in sugar production 

The country&rsquo;s total oilseed production this kharif harvesting season is likely to decline by four-five per cent season due to severe crop damage, especially of soybean, in major areas of Madhya Pradesh, India&rsquo;s largest producing state. Against the first advanced estimate of 20.89 million tonnes (mt), given by the ministry of agriculture, the industry has pegged the total output at around 20 mt. The total oilseed output has stood at 20.85 mt last kharif season.

Kharif oilseed output may slide 4-5% on crop damage: Industry

World oil prices were mixed in Asian trade today in a market clouded by concerns over the struggling US economy and discord over a rescue plan for troubled Eurozone nations.

Oil prices mixed in Asian trade

Silver tanked by Rs 467, or 0.89%, to Rs 51,761 per kg in futures trade today as speculators engaged in reducing their positions, taking cues from weak Asian markets.

Silver falls 0.89% on weak Asian cues

Gold prices fell by 0.93% to Rs 26,212 per 10 grams in futures trade today on offloading of positions by speculators, tracking weak foreign markets.

Gold futures down 0.9% on weak global cues

Despite high gold prices, jewellers in Gujarat rejoice amidst positive response from customers on the festive day of Pushya Nakshatra. According to gold market sources, jewellery buying went up by 20-25 per cent as against last year on the festive day.

Jewellery market glitters on Pushya Nakshtra 

Fear the govt-appointed panel might recommend a Karnataka-like ban on iron ore exports.

Goa miners eye tie-ups with steel mills outside state

The Ahmedabad High Court on Thursday put a stay on a part of the order issued by the Forward Markets Commission (FMC) on Kailash Gupta, the promoter of Neptune Overseas Ltd (NOL). NOL owns an anchor investor&rsquo;s stake in India&rsquo;s third-largest commodity futures exchange, the National Multi Commodity Exchange (NMCE).

Gujarat HC gives more time to NMCE promoter to divest stake

The agriculture ministry is set to inventivise reduction in tobacco production. This is part of the government&rsquo;s commitment as a signatory of the Framework Convention on Tobacco Control (FCTC) of the World Health Organization (WHO).

Incentives for farmers on anvil to cut tobacco output

Oil rose in Asia today as investors look to upcoming summits aimed at resolving Europe's debt crisis, while analysts said the death of Libya's Muammar Gaddafi would have limited impact on prices.

Oil higher in Asia ahead of key Eurozone summit

Gold futures prices rose by Rs 203 to Rs 26,550 per 10 grams today, as speculators created fresh positions driven by a firming trend in domestic as well as international markets. Silver futures too shot up by Rs 639 to Rs 52,340 per kg.

Gold, silver futures rise on global cues

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