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

Business Standard

The Indian Energy Exchange (IEX), the country&#39;s first power exchange was formally launched on Wednesday by Sushil Kumar Shinde, Union minister for power.

IEX crosses 30,000 mwh power trade

The average prices of base metals are likely to fall by 5 per cent in the second half of the year on weakening demand from major industrial countries and economic slowdown in the US.

Base metal prices may dip in 2nd half: EIU

Turmeric farmers at Duggirala in Guntur district of Andhra Pradesh are reaping rich dividends as prices have touched a peak here, ending a price drought of four years.

Turmeric auctions fetch good prices

The Ministry of Consumer Affairs has given in principle approval to the proposal of Indiabulls and MMTC to set up the country&#39;s fourth national-level commodity exchange to facilitate trade in commodities across all sectors.

Fourth national comex gets nod

&nbsp;Cheap imports from Lanka, Nepal taper off on duty relief.
&nbsp;Domestic vanaspati producers have seen a 15-20 per cent jump in capacity utlilisation in the last quarter as the quantum of duty-free vanaspati import from Sri Lanka and Nepal has become negligible.

Indian vanaspati makers on firmer ground

Weighed down by uneven distribution of rains, kharif sowing prospects look uncertain.

Uneven distribution causing concern

Paddy sowing in the on-going Kharif season rose by 23 per cent to 14.88 million hectares so far against 12.1 million hectares in the same period last year.

Acreage of paddy rises 23 per cent

Press Trust of India

A depreciating dollar and the uncertainty in the equity markets globally are adding to the sheen of the yellow metal.

Gold gets attractive for investors

The Forward Markets Commission, the regulator for commodity futrues trading, has directed Indiabulls Financial Services to reduce its stake in the International Commodity Exchange, the fourth national multi-commodity exchange, within a month.

Indiabulls to cut stake in comex

The Forward Markets Commission (FMC), the commodity markets regulator, has suspended Chennai-based commodity trading firm Altos Advisory Services, from the membership of both MCX and NMCE.

FMC bars Chennai-based firm from trading

Copper is likely to decline next week on speculation that global economic slowdown will reduce demand for the metal.

Slowdown shadow on base metals

The sugar futures may not cool down this week, thanks to the inadequate rains in major producing regions and the resultant decline in production.

Sugar may firm up

&nbsp;the Ncdex on Saturday, with the near-month contract ending at Rs 1038. Commodity experts expect the price of maize to remain firm due to the scanty rainfall in Karnataka and Andhra Pradesh (major kharif-maize growing states) and a possible increase in the minimum support price (MSP) to Rs 840 a quintal.

Maize strong despite ban

Cotton rose as drier, warmer weather may threaten the crop in the US, the world&#39;s largest exporter, and inadequate rains slowed planting in India, the second- largest grower.

Cotton prices rise as poor rains  threaten output in US, India

The shares of state-run oil marketing stocks witnessed a strong rally this week with the first signs of softening crude oil prices.

Oil may rise; banks, look weak

World crude steel production for the 66 countries reporting to the International Iron and Steel Institute (IISI) was 696 million tonnes in the first half of 2008, an increase of 5.7 per cent over the same period last year.

World steel production growth at 5.7%

Gujarat, Maharashtra and MP contributed over 60 per cent of the total output in 2007-08.

Sparse rains spoil cotton prospect in central India

World crude steel production for the 66 countries reporting to the International Iron and Steel Institute (IISI) was 696 million tonnes in the first half of 2008, an increase of 5.7 per cent over the 

Indian crude steel output lags Asian average in June

There is a big buzz around ethanol blending with petrol as it is seen as providing relief for the consumers of this scarce commodity when international prices have seen unprecedented spike in the last

Ethanol firms seek foray into petrol selling

The early onset of monsoon has resulted in prices of common salt rising to Rs 10 per kg in Kanpur. Major salt producing states of Gujarat and Rajasthan have seen a decline in production due to weather

Rains hit salt production, prices jump

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 2167 - Commodity News