Commodities face a "big'' decline after a seven-year rally, investor Marc Faber said.

Commodities to fall in 2nd half: Faber

Business Standard

India, Asia's biggest supplier of soybean meal, may plant a record soybean crop for a second year after prices rose to an all time high and as early rainfall increased sowing.

Soybean acreage set to go up 20%

Domestic tea exports may rise 28 per cent this year after drought cut output in Kenya and Iraqs' renewal of low-priced tea from India.

Kenyan shortfall, Iraq buying to boost tea exports this year

The country&#39;s first power exchange, Indian Energy Exchange (IEX), jointly promoted by Financial Technologies and PTC India, commenced operations on Friday in New Delhi.

India`s first power exchange comes alive

Crude oil rose to a record above $142 a barrel in New York and gold advanced as falling stock markets spurred investment in commodities.

Crude oil blaze past $142

Sugar fell the most in three weeks on renewed speculation that exports will increase from Brazil and India, the world&#39;s two largest producers of the sweetener.

Sugar falls on rising export concerns

Guarseed, one of the most speculative agricultural commodities, is expected to see some correction in the coming week.

Guarseed in choppy waters

Anticipation of a better output owing to rains in Erode, Osmanabad and Nizamabad may bring bearish sentiment in the turmeric market this week.

Turmeric seen bearish on rains

The bull run in the commodities markets is likely to continue this week as investors shift focus to commodities on the back of poor performance of the stock markets.

Bull run set to continue

India&#39;s total spices export is expected to touch $1.2 billion (Rs 5,100 crore) in 2008-09 (Apr-Mar), said V J Kurian, chairman, Spices Board.

Spices Board sees India`s exports touching $1.2 billion in 2008-09

The National Commodity &amp; Derivatives Exchange (NCDEX), the country's second largest commodity bourse, is in talks with global exchanges to set up a framework for a common delivery platform for carbon products.

NCDEX, foreign bourses may tie up for common carbon platform

In what may further fuel the export of HPS groundnut from Gujarat, the Junaghad Agriculture University (JAU) has developed a new variety of HPS groundnut.

New groundnut variety may propel exports from Gujarat

Asian stocks fell for the first time in four days, led by commodities producers after prices of metals and crude oil retreated.

Asian stocks pare gains

&nbsp;It&#39;s a double whammy for the country&#39;s basmati rice exporters. The Rs 8,000 per tonne export cess slapped on the industry could not only erode operating margins of most rice exporters, but could also hurt competitiveness by pricing out Indian basmati.

Export cess spells double trouble for rice exporters

For the first time ever, the country&#39;s raw sugar export has overtaken the export of plantation white sugar.

Raw sugar exports zoom this season

The government procurement of wheat in the ongoing rabi marketing season (RMS) has touched a four-year high of 14.85 million tonnes, well set to cross the target of 15 million tonnes.

Govt wheat purchases hit four-year high

&nbsp;Copper is likely to decline next week on weak fundamentals. Besides, a rise of the dollar against major global currencies and funds moving out of the metals market are likely to bring in a bearish mood.

Rising dollar, exiting funds may dent metals

&nbsp;The move may have a negative impact on govt efforts to curb inflation. 
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&nbsp;Despite a meltdown in global metal prices, Hindustan Copper has raised the provisional prices of its products for May by 2 per cent effective today.

Hindustan Copper prices up 2%

The guarseed market seems to be unable to shrug off the impact of the European Union report, continuing its bearish phase.

Guar: Little change likely

MMTC, one of India&#39;s biggest precious metals importers, plans to introduce spot trading in gold coins on the country&#39;s leading agri-commodity bourse, National Commodity and Derivative Exchange (NCDEX), in July.

MMTC plans spot trading in gold coins

Press Trust of India

Concerns over the rising inflation and the government&#39;s likely intervention in commodity futures market have impacted the futures trade of essential commodities, with maize too bearing the brunt.

Maize: Subdued sentiment

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