Six months after stalling the distribution of imported red wheat, the Maharashtra government has finally decided to dispose of over 40,000 tonnes of the grain lying in over 300 warehouses of the state, after a certain percentage of it was found unfit for human consumption.

Maharashtra to dispose of controversial red wheat

Press Trust of India

The government's decision to ban four more commodities from futures market has spawned a demand for suspension of forward trading in gold, silver and sugar as the industry blames speculation for volatility in prices.

Traders seek ban on gold, sugar futures

The current mandi system, where farmers sell their produce, should be allowed to exist while permitting private markets within or outside the regulated markets (mandis), industry body Federation of Indian Chambers of Commerce and Industry (Ficci) has said in a report.

Strengthen  the mandi system: Ficci

The government said on Monday that it has no plans to ban more agricultural commodities from the futures market and expressed hope that the suspension of futures trading in soyoil, chana, potato and rubber would not be extended beyond four months.

No more item to be banned, says Pawar

In the aftermath of the four-month suspension of futures trading in chana, soyoil, rubber and potato imposed on Wednesday, Forwards Markets Commission Chairman B C Khatua on Monday said that the ban did not indicate the commodities were responsible for higher inflation.

Futures ban only to douse inflation: FMC Chairman

Business Standard

India&#39;s gem and jewellery exports turnover in April rose 20.13 per cent from a year ago to Rs 6,923 crore, according to data released by Gem &amp; Jewellery Export Promotion Council on Monday.

Gem, jewellery exports up 20%

Most Asian stocks rose after Konica Minolta Holdings forecast higher earnings and Westpac Banking made a takeover approach for St George Bank.

Most Asian shares climb

&nbsp;Four-dollar-a-gallon gasoline is good for business - if you run a bike shop.
&nbsp;Commuters around the country are dusting off their old two-wheelers  or buying new ones  to cope with rising fuel prices, bicycle dealers say.

Fuel prices shift bicycle sales to high gear

Despite an increase in global coffee supply as a result of new estimates of higher Brazilian output for 2008-09, coffee prices have remained relatively firm due to growing demand.

Global coffee prices firm on growing demand

An import duty cut announced in March by the central government had substantially brought down prices of crude and refined edible oils.

Firm global cues push up domestic edible oil prices

London-based Natixis Commodity Market's latest quarterly metals review has forecast a mixed bag for base metals in 2008 with zinc and nickel prices likely to come down by 27.7 per cent and 30.1 per cent, respectively, from their average last year.

Base metal prices a mixed bag in `08

Supply woes, a key driver for a spurt in international copper prices this year, have evaporated with metal stockpiles building up and price sentiments having reversed.

Copper prices to  surge on China quake, Peru strike

Asian stocks rose the most in a week, led by technology companies and automakers, after higher profit forecasts by Fujitsu and Isuzu Motors bolstered speculation that earnings would withstand a global slowdown.

Asian stocks rise

Inflationary pressure coupled with uncertainty in the global financial market is likely to keep the prices of gold and silver afloat this year, averaging around $875 per ounce (oz) and $16.5 per oz, respectively, according to London-based Natixis Commodity Market's quarterly metals review.

Gold, silver to stay firm on inflation, global financial crisis

Crude oil fell from a record in New York before a report said that US crude inventories advanced for a fourth week.

Crude oil declines as US supplies gain for the fourth week

&nbsp;Oppose cash settlement, citing arbitrage in May 6 spot price.
&nbsp;Rubber traders from Kerala have unanimously sought delivery of goods for their open position in a late evening meeting with the officials of the Ahmedabad-based National Multi Commodity Exchange (NMCE).

Rubber traders favour delivery

Total paddy output this year is likely to go up by 2.3 per cent, hitting a new record of 666 million tonnes.

World rice yield to hit record levels

Most Asian stocks rose, led by commodity producers, on speculation that state-owned Aluminum Corp of China may be seeking a stake in BHP Billiton and as investors sought companies offering dividends and share buybacks.

Asian stocks rises further

The government is toying with the idea of canalising maize export through state-run agencies, an official said today.

Govt mulls canalising maize exports

Aluminium majors Hindalco Industries (Hindalco) and Bharat Aluminium Company (Balco) have adopted a new price-fixing mechanism for the metal products effective May, which has ushered in uncertainties.

Buyers in a fix as Hindalco, Balco adopt new price mechanism

Silver prices fell by Rs 160 at Rs 23,220 per kg, while gold prices ruled steady in the bullion market here today on poor demand.

Gold steady even as silver falls

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