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

Business Standard

Chilli futures today struck an upward circuit of 4 per cent following a fire that destroyed Asia&#39;s largest chilli yard in Guntur.

Guntur blaze fires chilli up 25-30%

The farmers and traders, who lost their chilli crops in the major fire at the government marketing yard here on Saturday, heaved a sigh of relief as Andhra Pradesh Chief Minister Y S Rajasekhar Reddy announced relief measures for them.

Andhra relief for Guntur fire victims

The fire, which completely destroyed the Guntur government market yard and over 2 lakh chilli bags has opened a debate whether prices would go up or down.

Chilli prices in a state of flux

India might have to suspend trading in some food futures if parliament calls for it, Finance Minister Palaniappan Chidambaram said.

FM hints at futures ban on more articles

The jute industry is on the backfoot with the issue of partial dilution of the Jute Materials Packaging Act (JPMA) likely to be considered by the Cabinet Committee on Economic Affairs (CCEA).

Jute industry seeks cover against Act dilution

India&#39;s crude oil basket on Friday fell marginally to $107.78 a barrel (about Rs 4,365) from $107.85 on Wednesday, a petroleum and natural gas ministry release said on Monday.

Crude oil falls to $107.78/bl

Asian stocks advanced, lifting the region&#39;s benchmark near a four-month high, after copper and crude prices rose and the US lost fewer jobs than forecast.

Asian stocks advance

Indian coffee exports (permit issued) for first four months of this calendar year is up 3.99 per cent at 92,000 tonnes as against last year&#39;s exports of 88,470 tonnes, according to Coffee Board statistics.

Coffee exports up 3.99% in Jan- Apr

A rice gene capable of doubling crop yields may give plant researchers a breakthrough in their search for more productive varieties of the cereal that&#39;s a staple for at least half the world.

Gene that doubles rice yield discovered

The import duty cut on crude and refined edible oil announced in March has so far failed to benefit consumers ,as branded oil producers are unwilling to pass on the benefit to end-users.

Duty cut on edible oil yields no gain for consumers

Chilli futures, already firm on good local and export demand, have turned red hot after the government market yard at Guntur in Andhra Pradesh, was hit by a massive fire on Saturday morning, traders and analysts said.

Chilli futures turn hot after Guntur fire in Guntur

International Trade Administration of the US Department of Commerce has initiated the third round of administrative review of anti-dumping duty imposed on frozen warm water shrimp imports from Brazil, Ecuador, India and Thailand.

US starts review of duty on shrimp imports

Sugar mills in Maharashtra, the country's largest sugar producing state, are operating at an alarmingly low recovery rate of 4-5 per cent following the government's threat of stern action in case they leave crop untouched in their allocated cane area.

Maharashtra sugar mills face poor recovery

The Union government has decided to provide subsidy to all cooperative milk marketing institutions for switching over to natural vanilla as a flavoured ingredient in their various milk-based products.

Dairy majors to get sops for natural vanilla

Asian stocks dropped for the first time in three days as declines in financial companies overcame gains in producers of raw materials.

Asia stocks fall after 3 days

In a bid to stabilise prices of the benchmark TD 4 variety of raw jute, which shot up by Rs 212 a quintal last month, the Centre is planning to launch a massive exercise against hoarding across the country.

Centre to come down hard on jute hoarding to cool prices

The World Gold Council (WGC) is expecting sales of the yellow metal to jump 20-25 per cent on the occasion of Akshaya Tritiya, which falls on May 8 this year.

'Gold sales to jump 25% on Akshaya Tritiya'

&nbsp;Production is estimated to dip 40% this year.
&nbsp;There has been a sharp decline in tobacco production in central Gujarat as an increasing number of farmers are turning to other cash crops.

Gujarat tobacco farmers see red, shift to other cash crops

Spiralling prices of foodgrains and edible oil and low jute prices in the last couple of months have prompted a large number of jute farmers to shift to paddy and oilseed cultivation in the eastern part of the country.

Jute growers too move to paddy

Daily spot prices of agri commodities are a click away for farmers in Vadodara now.

APMC, Nethotzone link up for internet kiosks

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