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

Business Standard

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

Press Trust of India

Tracking a firming global trend, crude oil prices rose by Rs 48 to Rs 4,339 per barrel in futures trade today, as speculators increased their positions.

Crude oil futures rise 1.1% on global cues

The department of agriculture has projected a total foodgrain production target of 118.76 million tonnes (mt) for the ensuing rabi season which is marginally lower than 119.19 mt projected for the 2010-11 rabi season.

Rabi grain output may fall marginally

The depreciation in the rupee had a minimal impact on global commodities in India due to reduced local demand especially in the base metals sector. The impact was slightly more on precious metals due to buoyant consumers&rsquo; sentiment in the ongoing festive season.

Precious metals firm up as rupee continues to fall

The Tobacco Board has reduced the crop size by five per cent this year due to global agreement to cut output. Though the Board had permitted 170 million kg of tobacco in Andhra Pradesh for 2010-11, farmers have produced 185 million kg. This year, after prolonged deliberations with farmers and representatives of the Indian Tobacco Association, the Board had brought down the crop size to 160 million kg.

Tobacco Board cuts crop size by 5% to 160 mn kg

Buoyed by the ongoing festive demand and a firming trend overseas, both gold and silver extended gains in the bullion market here today.

Festive demand lifts up gold, silver prices

High gold prices, ruling at Rs 26,500 per 10 grams, are unlikely to deter jewellery buyers during the days leading to Dhanteras and traders are expecting a robust season with around 30-35% spurt in sales.

Jewellery sales likely to spurt 30-35% on Dhanteras

Both the precious metals, gold and silver, gained in the national capital today, on brisk buying by retailers and stockists for festive demand amid a firming global trend.

Gold up Rs 100, silver Rs 300 on Dhanteras demand

After a gap of almost two years, the government has decided to bring back imports of rice under the duty regime.

Govt may impose 70% import duty on rice

The common wisdom based on a decadal experience is that demand elasticity of steel in emerging economies will stay ahead of gross domestic product (GDP) growth rate. This was particularly evident in China during preparations for 2008 Beijing Olympics and construction of the Three Gorges Dam, when steel consumption grew close to an annual rate of 20 per cent compared with GDP growth rate of 12-13 per cent.

Steel-making raw materials remain a cause of concern

Industrial metals rose for a second day in London, extending the biggest rally in two years, as figures showed manufacturing might swell in top global consumer China. Chinese manufacturing may expand in October for the first time in four months after a preliminary index of purchasing managers released by HSBC Holdings Plc and Markit Economics on Monday climbed to 51.1 from September&rsquo;s final reading of 49.9. Metals also gained as Japanese exports increased more than estimated by economists surveyed by Bloomberg News. Copper for three-month delivery advanced $209, or 2.9 per cent, to $7,354 a tonne by 10:11 am on the London Metal Exchange (LME).

Base metals extend biggest rally since 2009

The Union Cabinet is likely to discuss the minimum support price for rabi crops, which includes wheat, mustard and pulses, at a meeting tomorrow.

Rabi crops' floor price on agenda

Branded gold and diamond jewellery sales in India are likely to double in two years due to changing consumer preferences and growing affluence in Tier-II and -III cities.

Branded jewellery sales to double in two years

Gold prices gained Rs 88 to Rs 27,087 per ten grams in futures trade today as speculators indulged in creating fresh positions on the back of a firm global trend.

Gold futures up Rs 88 on global cues, spot demand

Amid allegations of supply of mineral ores at exorbitant prices by Orissa Mining Corporation (OMC) to the local steel industries, the state government has decided to frame a pricing policy for raw material sales to mineral processing units.

Orissa to frame pricing policy for ore supply to local industries

The cotton revolution through Bacillus Thuringiensis, popularly known as Bt, has been losing its sheen gradually over the past five years and there has been a consistent decline in cotton yield.

Cotton yield may fall to 5-yr low

S V Arumugam, who recently took over as the chairman of the Confederation of Indian Textile Industry (CITI), the textile industry&rsquo;s umbrella body, talks about how the body plans to address the industry&rsquo;s concerns, in an interview with Rajesh Bhayani. Edited excerpts.

Q&A: S V Arumugam, Chairman, CITI

Terminal markets of cotton in Sirsa district have so far witnessed arrival of over 195,000 quintals of the crop, which is the highest cotton arrival in the terminal market (cotton) all across the state.

Record cotton arrival in Sirsa

With the harvesting season coming to its fag end, cardamom growers are now pinning their hopes on off-season price rise.

Cardamom growers expect price spurt in off-season sale

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