Widening losses incurred by state-run firms on fuel sales to over Rs 500 crore per day, the basket of crude oil that Indian refiners buy on Tuesday breached the crucial $110 a barrel mark at $110.34

Oil basket crosses $110 mark

Business Standard

In view of the growing significance of spot trade in India, Forward Markets Commission Chairman B C Khatua has said that a uniform tax structure and free movement of goods throughout the country were

Uniform tax structure key to spot trade success: FMC

Asian stocks rose to an eight-week high as record oil and metals prices lifted raw material companies, while earnings reports from across the region boosted confidence that profits would withstand

Asia gains on oil rally

Coal for delivery in northwest Europe rose to a record, according to ICAP prices, as Indian demand for the fuel may increase. 


European coal at record high

&nbsp;Glitter to continue till dollar, oil stabilise.
&nbsp;Gold has emerged as a strong option for investors in the last three months.

Gold outshines equities in past three months

In the backdrop of bumper wheat production estimates this year, the process of wheat procurement by the state agencies, such as the Food Corporation of India (FCI), in Uttar Pradesh has started and will continue till June 30.

UP targets 2 mt wheat in '08-'09

Faced with tremendous margin pressure due to runaway raw material prices, pig iron producers have started blending domestically produced metallurgical coke with the imported variety in the proportion of 70:30.

Price surge forces pig iron firms to use domestic met coke

Zinc and lead supply will exceed demand this year after global production expansion, the International Lead and Zinc Study Group (ILZSG) has said.

Study says zinc, lead to be in surplus this year

Amid fears that the Centre may ban futures trading on agri commodities as part of its ongoing battle against inflation, the volumes of these commodities on the Multi Commodity Exchange (MCX) and National Commodity &amp; Derivative Exchange (NCDEX) have started drying up.

Agri futures volumes down on ban concerns

The exports of iron ore are set to come to a grinding halt with the proposed levy of 10 per cent royalty on sales, coupled with a 40 per cent hike in the freight rates.

Iron ore exports set to crash

Political confrontation between the US and Iran over the latter&#39;s ongoing nuclear programme is likely to force back prices of gold to $850 per ounce levels.

Gold prices set to soften further

Despite the prospects of higher cotton crop for 2007-08, estimated at 31 million bales (1 bale=173 kg) from 28 million bales in 2006-07, prices are seen firm in the week ahead as sellers are holding back stock, analysts and traders said today.

Cotton prices to rise despite higher output

Domestic jeera prices have shot up on the back of strong overseas demand and anticipation of a lower crop from Syria, Iran and Afghanistan.

Jeera: Bullish on overseas demand

&nbsp;Barley futures have been trading in a irregular manner. Till recently, the market was trading weak.

Barley: Traders see good orders

In a move that would give a boost to Indian farmers, leading global garment retailer C&amp;A has decided to source organic cotton from the country to make garments.

C&A to buy organic cotton from India

Press Trust of India

In the backdrop of inflationary pressure on food commodities globally, the Indian Council of Agricultural Research (ICAR) is confident that the country's food grain production would continue to be robust in the future and sustain the country's food security position at comfortable levels.

Food security not an issue: ICAR

Keshar, a juicy mango variety grown in the Marathwada region, is becoming so popular globally that the Mango Growers Association of Aurangabad (MGA) has started exporting the fruit to Japan, Hong Kong and the US.

Keshar tickles the taste buds abroad

India&#39;s food grain demand in 2008-09 is estimated at 201.49 million tonnes, Minister of State for Agriculture, Food and Consumer Affairs Akhilesh Prasad Singh said on Monday.

Grain demand seen at 201mt in FY09

Asian stocks advanced, sending the region&#39;s benchmark to a three-month high, as financial companies rose on speculation that the worst is over for credit-market losses.

Asian stocks advance

&nbsp;Bourse likely to hold majority stake in the new venture.
&nbsp;The Multi Commodity Exchange of India (MCX) is exploring the possibility of setting up a national spot exchange for trading in energy products, such as natural gas and crude oil.

MCX in talks with GSPC for spot energy exchange

The five-member Abhijit Sen committee on futures trading, which submitted its report today, has said that it is difficult to establish that futures trading of agricultural commodities affect spot prices.

Agri futures trading, spot prices link unclear: Panel

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 2184 - Commodity News