Uttar Pradesh is facing a problem of plenty with a record wheat procurement this year.

UP facing storage blues on record wheat procurement

Business Standard

Despite adequate supplies, edible oils have started surging in the domestic market on global influences, hurting the government's efforts to rein in inflation.

Edible oil surges on global factors

Tin prices plunged over 4 per cent in futures trading to hit the lower-level limit fixed by the commodity exchange as traders turned aggressive sellers after reports of weak global trend.

Tin hits lower-level limit in future trade

Four companies in talks with the Malaysian govt, which may make a palm oil-for-rice offer
Four large domestic edible oil manufacturers are in talks with the Malaysian government to invest in both downstream and upstream projects there.

Palm oil firms seek to invest in Malaysia

The Forward Markets Commission (FMC) has stipulated that it would recognise new national multi-commodity exchanges only if they have an authorised paid-up equity capital of at least Rs 100 crore.

Rs 100 cr capital must for new commexes: FMC

Hindustan Zinc today cut lead product prices by Rs 5,800 a tonne to Rs 98,400, while zinc prices have been reduced by Rs 4,000 a tonne to Rs 99,900, according to the company's web site.

Hindustan Zinc lowers prices

Press Trust of India

State Trading Corporation (STC) has invited bids from domestic traders for sale of about 13,500 tonnes of imported pulses.

STC to sell over 13,000 tonne imported pulses

In a recently concluded World Trade Organisation (WTO) session, China has joined India and Indonesia in emphasising the importance of special and differential treatment for developing countries regarding subsidies for the fisheries sector.

China backs India on subsidy issue at WTO

South Indian rice varieties, which the government intended to promote in overseas markets, have fallen prey to the export ban on non-basmati rice, traders and industry officials said.

Export ban hits South Indian rice varieties

The government is "looking into" the issue of banning iron ore exports as demanded by the steel makers, Steel Secretary R S Pandey said today.

Govt to look into banning iron ore exports

Realisations, however, up 5% in rupee terms. 


Coffee exports dip 12 per cent in FY08

A severe supply crunch of black pepper is imminent during the latter half of this year, according to the latest estimates, which predict the lowest production this year in the last ten years. 


Black pepper output to fall, supply crunch likely

The basket of crude oil bought by Indian refiners reached an all-time high of $104.41 a barrel on Thursday, the latest day for which data is available. 


Indian crude hits $104.41/barrel

Volumes will fall even if the proposed tax is halved to 0.08%: FMC chief 


CTT may divert trade overseas

It wants to limit dominant control of comexes by a single owner.


FMC likely to keep single entity holding under 26%

Global coffee prices witnessed a high degree of volatility in March. Prices were down 19.57 per cent at 122.93 US cents per pound as on March 31 with a high of 152.85 US cents per pound on March 3. 


Funds behind erratic coffee prices: ICO

The acute shortage and inferior quality of fresh arrivals have pushed up the prices of shelled and unshelled nutmeg in recent weeks. 


Shortage, poor stocks up nutmeg prices

Global production of pepper will be 9,000-12,000 tonnes lower in 2008 as against last year, according to estimates of the International Pepper Community (IPC) and leading global dealers. 


Global pepper output set to decline

The domestic cement industry produced 16.37 million tonnes of cement in March - the highest ever by the industry so far in a single month. This is contrary to analyst expectations, who pegged the

Record cement production in March

Copper rose in London after a report showed increased economic growth in China, signaling more metals demand as supplies decline. Tin climbed to a record. 


Copper rises on Chinese demand outlook

Asian stocks advanced for a second day, led by banks and energy producers, on easing concern credit market losses will dent earnings and after crude-oil prices climbed to a record.


Asia gains for second day

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