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

Press Trust of India

The government agency for raw jute procurement, the Jute Corporation of India (JCI), has purchased about 14 lakh quintals of the commodity this jute year (July 2007-June 2008).

JCI procures 14 lakh quintals raw jute

Business Standard

Asian stocks rose the most in two weeks, led by technology companies and airlines, after Sony and NEC Electronics forecast earnings that beat estimates and Qantas Airways averted a strike.

Asian stocks climb

In an interim arrangement in the dispute over the sugarcane price in Uttar Pradesh, the Supreme Court today told mills to pay the rate fixed by the Lucknow bench of the Allahabad High Court within three weeks.

Pay cane farmers Rs 110 a quintal, SC tells UP sugar mills

Commodity market regulator, Forward Markets Commission (FMC) has given its nod to four regional bourses to start futures trading in gur, mustard seed, coconut oil and copra.

Regional bourses get FMC nod

The Ahmedabad-based National Multi Commodity Exchange (NMCE) of India plans to re-launch futures contracts in coffee by July, Anil Misra, its chief operating officer told reporters here Wednesday night.

NMCE to re-launch coffee futures

With a view to capture the changing demographics of coffee drinking in India, the Coffee Board is planning to carry out a detailed market study.

Board to study changing  trends in coffee drinking

Nashik, the grape capital of India, has recorded 45.52 per cent rise in export of grapes in FY08 (December-April season) compared with last year, earning foreign exchange worth Rs 174.20 crore.

Nashik grape exports jump 45.5 per cent

Standard gold sparkled once again on Friday and hit a two-week high of Rs 12,225 per 10 gram in Mumbai on firm indication from global markets.

Standard gold up to Rs 12,225 per 10 gm

The growing demand of vegetable oils, despite the record-high prices, has pushed imports up by 31 per cent in the first half (November to April) of the oil year.

Edible oil import soars 31% in Nov-Apr

CERs to rise 75% this year; India accounts for 43% of emission reductions issued by global body.

Carbon credit market set for big leap

The surge in global commodity investments in the past year has created an asset bubble that likely will burst by the year-end, according to Lehman Brother Holdings.

`Commodity bubble may burst by year-end`

The Cotton Advisory Board (CAB) today said that the country&#39;s cotton production in 2007-08 has jumped by 12.5 per cent to 31.5 million bales (1 bale = 170 kg).

Cotton output jumps 12.5% in FY08

Base metals are likely to remain volatile next week on expectations that the global economic growth will slow down as a result of rising inflation, especially in the fastest growing economies across the world.

Slump casts shadow on metals

A low supply and a high demand from the export markets, mainly from the West Asian countries, have once again turned the barley market bullish.

Demand push for barley

Lower production estimates, coupled with good demand from the export market, have strengthened turmeric prices.

Low quality bogs turmeric down

At a time when the domestic textile industry associations have expressed reservations on cotton exports and asked to regulate it, the country&#39;s 2007-08 exports have zoomed far ahead of the earlier estimates by more than 30 per cent to 8.5 million bales (1 bale = 170 kg).

Cotton exports top estimates by 30%

State's 1.2 lakh hectares under the crop as farmers shift to it for good returns.

UP farmers see moolah in mentha

Wholesale prices of copra and coconut oil have shot up by 50 per cent from around Rs 4,000 to Rs 6,000 a quintal on the back of short supply of copra.

Copra prices surge 50% on short supply

Unseasonal rains, seen as a sign of climate change, have sharply brought down the yield of wild honey in Kerala&#39;s Wayanad region this year, depriving the hard-pressed tribals of their supplementary income.

Climate change eats into wild honey yield

Iron ore prices have declined by 10 per cent in the last one month because of poor offtake from China, the world&#39;s largest steelmaker.

Poor China offtake hits iron ore prices

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 2179 - Commodity News