Crisis in the industrial sector in Vietnam and Brazil, main competitors of India in the cashewnut market, has resulted in its price reaching a high of $3.60 per pound in global markets as against $1.90 per pound about six months back.

Cashewnut prices reach new high

Press Trust of India

In order to ensure better returns to the mango farmers in Andhra Pradesh, the Biofood Knowledge Centre (BKC) of the Agri Science Park, International Crops Research Institute for Semi Arid Tropics (Icrisat), is working on value addition to two varieties of mango - Banganapalli (also known as Benishan) and Suvarnarekha.

Icrisat working on adding value to two mango varieties

Business Standard

The global pepper market is showing little signs of recovery as importing nations have adopted a cautious approach to avert appreciation in prices.

Cautious importers, supply glut keep pepper prices down

The country&#39;s import of edible and non-edible oil jumped 12 per cent during the eight months ended June 30, as against the corresponding period a year ago, according to figures released by the Solvent Extractors&#39; Association of India (SEA).

Veg oil imports buoyant, rise 12 per cent in Nov-Jun

&nbsp;The looming elections have left the country&#39;s sugar makers a worried lot. The sugar industry fears that its profit will be hit if the government lower the prices of the sweetener or pitches for a higher price for farmers.

Poll politics may spell trouble for sugar manufacturers

Even as a substantial dip in sugarcane acreage and production awaits mills in Uttar Pradesh, five new units are likely to begin crushing in the 2008-09 season, which is slated to kick off from October.

5 more mills in UP to begin crushing this yr

Rice production in the Philippines, the world&#39;s biggest importer of the grain, likely exceeded a government target by 200,000 metric tonnes after the state boosted spending on agriculture.

Philippines beats six-month rice output target

With West Bengal facing an oversupply of potatoes this year, the West Bengal Cold Storage Association has asked the Indian Railways for some special concessions for bulk transport of the crop to southern India.

Excess Bengal potato may head south

The MSCI World Index, the global benchmark for stocks in developed nations that tumbled into a bear market last week, may not stop falling until it reaches a three-year low, if history is any guide.

MSCI World index may drop 14%

Last week, after months of scrutiny, the Forward Markets Commission (FMC), the regulator for futures trading in commodities, approved a proposal from state-owned MMTC Ltd and finance-to-real estate group Indiabulls to set up a national multi-commodity exchange.

Commodity exchanges: India Inc`s next hunting ground

Petroleum exporting nations from Saudi Arabia to Russia are not only charging Americans record high prices for fuel, they are also poised to become the biggest creditor to the US government.

Oil brings Americans closer to Opec debtor dependence

Buoyed by the surging demand from the automotive and energy sectors, the prices of cashew nut shell liquid (CNSL) have almost doubled to touch Rs 27,000 per tonne this month compared to the same period last year.

Cashew nut shell liquid prices double

Highly remunerative crops such as rice, pulses and oilseeds have recorded an upsurge in kharif sowing for the week ended July 11 despite Maharashtra and Andhra Pradesh declaring a drought-like situation in some parts of the states.

Sugarcane losing out to rice, pulses

Leading soda-ash makers in the country such as Tata Chemicals, Nirma, DCW and GHCL have either hiked prices by around 12 per cent or are in the process of doing so.

Soda ash makers hike prices by 12%

Any move to either ban or levy export duty on shipment of oilmeals may hit the doemstic edible oil industry badly, said Mumbai-based Solvent Extractors&#39; Association (SEA), in a presentation to the government.

Likely curb on oilmeal exports opposed

Several exporters, affected by a ban on maize exports, have approached courts seeking permission to ship their consignments lying at ports as the prohibition covered even goods in transit.

Exporters seek relief on maize export ban

Poor rains in the coffee-growing areas of Karnataka are likely to affect the crop in 2008-09.

Poor rains spoil Karnataka coffee crop

The poor monsoon in Maharashtra, the country&#39;s second largest soybean growing state, has forced farmers to resow the crop, and raised concerns over prospects of a record oilseed output, traders and industry officials said.

Poor rains in Maharashtra mar high soybean output hope

Dollar weakness boosted gold to its lifetime high in India, while the yellow metal rose to a three-month high in London primarily on heightened tensions over Iran and fears of a fresh meltdown in the US financial markets.

Weakening dollar pushes gold to all-time high

Crude oil fell more than $6 a barrel, its first decline in a week on concern that a slower US economy will curtail demand for oil and gasoline.

Oil falls $6 to $138.40

Steel companies may hike prices after the three-month freeze ending August 7, since the government is not in favour of interfering in steel pricing.

Steel firms may raise prices in August

Get the latest commodity market news and daily price updates on gold, silver, crude oil, and more. Stay informed with real-time trends and expert insights at Business Standard.

Page 2166 - Commodity News