The Union Commerce Ministry today directed the Tea Board to issue show-cause notices to five tea companies which have defaulted on quantity and quality of the commodity exported to Iraq sometime back.

Tea Board to issue show-cause notices to five exporters

Press Trust of India

Maize prices, which are sliding at both spot and futures markets due to the ban on the commodity&#39;s exports, are likely to recover soon and may cross Rs 1,000 a quintal level within a month on supply concern, traders said.

Maize may rise over Rs 1,000/qtl despite ban

Yielding to the demands of the textiles industry, the Union textiles ministry has proposed to the Centre to withdraw import duty on cotton.

Ministry proposes abolition of  cotton import duty

Business Standard

Retail prices of farm commodities at different locations have generally remained steady or shown mixed trend over the week ending June 27, 2008, the Department of Consumer Affairs said in a statement today.

Farm commodity prices show mixed trend

The current year has turned out to be one of the best for tobacco farmers in Andhra Pradesh, who made Rs 584.92 crore more than what they did in last year&#39;s auctions.

Andhra tobacco farmers get all-time high returns this year

Mentha oil output may fall this year due to heavy rains in the eastern part of Uttar Pradesh - the main growing region of the crop.

Mentha oil output may fall 10% on heavy rains

The e-auction system for tea, to be introduced in mid-November, will streamline the supply chain for the commodity in the country.

Electronic tea auctions likely by mid-Nov

In a major setback to the Uttar Pradesh sugar mills, the Lucknow Bench of the Allahabad High Court&nbsp;on Monday&nbsp;dismissed the UP Sugar Mills Association&#39;s petition challenging the 2007-08 state advised price (SAP) of sugarcane and restored a SAP of Rs 125-130 a quintal.

HC okays UP govt`s cane price, asks mills to pay the difference

India&#39;s wheat production is likely to ease 0.45 tonnes a hectare in 10 years due to expected 0.5 degree Celsius rise in winter temperatures because of rising greenhouse gas emissions, according to a study.

Wheat output may slip 0.45 tonnes/ha

The ban imposed on maize exports by the directorate General of Foreign Trade has severely hit the shipping trade as well as the revenues of the Kakinada anchorage port in East Godavari district.

Maize stock lies idle at Kakinada port

The government may fall short of achieving the rice procurement target of 27.5 million tonnes by 500,000 tonnes in the current marketing season.

Govt`s rice buy may fall 0.5 mn tn short of target

Used copper and seconds were brought under the hazardous material category and norms governing their imports were made stringent three years ago.

Copper scrap imports decline

A day after the Lucknow bench of the Allahabad High Court restored the Rs 125-130 state advised price (SAP) for the 2007-08 season (October-September) in its final judgement, Uttar Pradesh-based sugar mills have got into consultation with legal experts to chalk out further course of action.

UP sugar mills may challenge price ruling

Acreage under kharif crops this year is seen higher on good monsoon so far and high food prices but a clearer picture on food grain output would emerge a few weeks later, Agriculture Secretary P K Mishra said on Tuesday.

Rain, prices favour Kharif sowing

After suffering huge losses from potato cultivation, farmers in rural Bengal are hopeful of profits from aman (paddy) rice cultivation during monsoon, as early rains may ensure a good yield.

Aman rice may save Bengal farmers

Expectation of a slowdown in production and dip in supply have pushed nutmeg and mace prices in the recent weeks after witnessing a short bear phase.

Nutmeg, mace soar on low output expectations

Soybean meal exports from the country in the first quarter of the current financial year have jumped 160 per cent at 1.09 million tonnes as against 0.41 million tonnes in the comparable period last year, said a report from the Indore-based Soybean Processors Association (SOPA).

Soymeal exports soar 160% in Q1

MCX-promoter Financial Technologies (FTIL) on Wednesday announced about setting up of Singapore Mercantile Exchange (SMX), an international commodity derivatives exchange.

FTIL to set up comex in Singapore

Bowing to the pressure from the textile industry, the government has abolished the import duty of 14 per cent on raw cotton and has withdrawn export incentives, in an effort to check the spiralling prices of cotton despite record domestic production.

Govt scraps Customs duty on cotton imports

Tea auction prices in the country have gone up by Rs 6.28 to Rs 69.14 per kg in the January-May period, according to figures released by Indian Tea Association (ITA).

Tea auction prices inch up by Rs 6.28/kg

The country&#39;s tea production has dipped by six per cent to 70.27 million kg in May as compared to 74.37 million kg in the same month last year, a senior Tea Board official said on Wednesday.

Tea output slips in May, exports rise

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