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

Business Standard

Untimely showers and squall over northern India over the last few days are likely to have damaged a chunk of the region&#39;s standing sunflower crop, traders said today.

Rain in north hits sunflower crop

Even though average tea prices at the auctions were on the upswing, industry was of the view that the price rise was not commensurate with trising input costs.

Price increase not enough: Tea firms

Press Trust of India

Gold in futures trading rose further by 0.70 per cent on sustained buying by traders, triggered by strong global cues.

Gold futures move up

Sugarcane growers of the three districts of Mysore, Mandya and Chamarajanagar owing allegiance to K S Puttannaiah-led Karnataka Rajya Rytha Sangha (KRRS) will hold a protest demonstration in all the three district headquarters simultaneously on May 23 to press their demands.

Dual pricing for sugar demanded

Crude oil traded to record above $127 a barrel on speculation Saudi Arabia&#39;s increased output won&#39;t meet the demand of refiners seeking grades that yield more gasoline and diesel.

Oil rises above $127

Asian stocks fell for the first time in seven days, led by financial and real-estate companies, after Macquarie Group said a 16-year streak of rising profits may be ending and Credit Suisse Group downgraded Japanese developers.

Asian stocks tumble

Domestic textiles firms have expressed concerns over rising cotton exports which has resulted in higher prices of cotton in the country.

Textile sector for cotton export regulation

International aluminium prices are not expected to fluctuate much in the near term despite the power shortage that China is facing after the killer earthquake, said analysts.

World aluminium prices seen steady despite China worries

Asian stocks fell, dragging the benchmark index to its steepest slump in a week, on concern widening credit losses will erode bank earnings and slowing growth in Chinese demand will hurt raw-materials producers.

Asian stocks at week`s low

The country's sugar production in October-April (2007-08) has declined 4.74 per cent to 24.1 million tonnes on account of delayed crushing and diversion to gur and khandsari units, particularly in Uttar Pradesh (UP).

Sugar output dips on crushing delay

Indian coffee growers are benefitting from both high dollar prices and weakness of the rupee against the dollar.

Coffee growers get better realisation

Commodity market regulator Forward Markets Commission (FMC) is unlikely to grant permission to the National Multi Commodity Exchange (NMCE) to settle open position in rubber contracts as requested by the exchange, post suspension.

Delivery in rubber futures unlikely: FMC

Indian iron ore exporters are set to gain from the current stand-off between Chinese steel makers and Rio Tinto, a major supplier of ore to that country, over pricing and supply commitment issues.

Rio Tinto-China spat to help exporters

Production of cardamom in Kerala will increase to 24,000 tonnes annually by 2012, said V J Kurien, chairman, Spices Board.

`Kerala cardamom production to more than double by 2012`

Gold prices touched the crucial Rs 13,000 per 10 gm level in the bullion market here on Thursday on brisk buying by stockists and jewellery fabricators amid firm global trend.

Gold rises by Rs 340

Asian stocks fell as crude oil&#39;s advance to more than $135 a barrel hurt transportation companies, overshadowing gains by fuel producers.

Asian stocks fall on record oil

The stocks of top sugar producers including Bajaj Hindusthan, Simbhaoli Sugars, Balrampur Chini Mills and Triveni Engineering lost between 3 and 5 per cent in Friday&#39;s trading.

Subsidy fears spook sugar stocks

The price decline in many basic agricultural commodities is likely to be limited during the 2008-2009 season despite a favourable global production outlook, due to the need to replenish stocks and an increase in utilisation, the latest findings by the United Nation&#39;s Food and Agriculture Organisation (FAO) said.

FAO sees limited price decline in agri-commodities

The proposed initial public offer (IPO) of the Multi Commodity Exchange of India (MCX), the country&#39;s largest commodity exchange, has been assigned &#345/5&#34 by Crisil.

Crisil assigns high grade to MCX public offer

&nbsp;It'll be in the range of last year when India exported 200 mn kg: Tea Board.
&nbsp;The tea industry in the country is unlikely to witness a significant surge in exports.

Tea exports to remain flat in '08

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