Hit by increasing surplus and crashing prices, the dairy industry is demanding removal of the year-long export ban on milk products. Companies, including Amul, have written to the agriculture ministry for removal of the ban.

Dairy industry seeks export ban removal

Business Standard

Toyota Tsusho Corp of Japan, which is in the process of commissioning a rare earths plant in Odisha is lucky to have been spared agitations by hairshirted environmental groups that are the fate of similar smelters built elsewhere in the world. Agitations are because any smelter engaged in production of rare earths elements is fraught with harming the environment. Undeniably, mining and processing of rare earths will leave in their wake many toxic and radioactive by-products.

China plays truant with rare earth metals

Caffeine-free red tea, with a number of health benefits, would soon be available for Indian consumers as South Africa-based Blue Africa Trading (BAT) plans to enter into a trading pact with a number of Indian companies.

South African red tea with health benefits to hit India soon

The Association of Natural Rubber Producing Countries (ANRPC) has lowered its natural rubber (NR) supply estimates for 2012. According to it, total supply would be 10.42 million tonnes (mt) from 10.52 mt expected a month ago. With the revised figures, supply is expected to rise only 1.1 per cent from the supply in 2011. Earlier, the increase expected was 2.6 per cent.

Global natural rubber output to be low this year

Oil retreated in Asian trade today as investors took profits from overnight gains, while weak euro zone manufacturing data also pressured prices, analysts said.

Oil retreats on profit-taking, weak euro zone data

Press Trust of India

Gold edged up on Tuesday in holiday-thinned trade on the back of a weaker dollar but remained in a tight range as investors awaited cues on the outlook of the US economy and potential policy moves in the world's largest economy.

World gold edges up on dollar weakness

Reuters 

Copper prices fell 0.22% to Rs 438.10 per kg in futures trade today after participants reduced positions amid a weak trend in the overseas markets.

Copper sheds 0.2% on global cues

Zinc futures prices fell by 0.34% to Rs 102.20 per kg today as speculators trimmed positions in tandem with a weak trend in global markets.

Zinc down in trade

Lead futures weakened by 0.24% to Rs 105 per kg today on sluggish demand from battery makers in the spot market amid absence of strong cues from global markets.

Lead weakens on sluggish demand

Nickel futures prices today traded marginally lower by 0.07% to Rs 943 per kg, due to reduced offtake by traders on subdued demand from alloy-makers in the spot market.

Nickel marginally down on subdued demand

Cardamom prices fell by Rs 23.20 to Rs 1,120.20 per kg in futures trade today as speculators booked profits at existing higher levels, driven by weak trends at spot markets.

Cardamom extends losses on profit-booking

Crude palm oil prices rose by Rs 4.70 to Rs 614 per 10 kg in futures trade today as speculators created fresh positions on expectations of pick up in spot market demand amid a firming global trend.

Crude palm oil up 0.8% on global cues

Mentha oil prices fell by Rs 21.90 to Rs 2,454 per kg in futures trade today as traders indulged in profit-booking driven by subdued physical demand.

Mentha oil down 0.9% on profit-booking

Barley prices declined by Rs 34 in futures trade today following profit booking by traders amid weak spot market sentiment.

Barley falls on profit booking

Oil slipped below $125 a barrel on Tuesday after US gasoline demand data weakened sentiment though the prospect of tighter North Sea supplies and positive economic data provided some support.

Oil slips as bearish demand data offsets supply fears

Taking weak cues from Asian markets, silver prices declined 0.30% to Rs 57,420 per kg in futures trade today.

Silver futures weaken on Asian cues

India&rsquo;s coffee exports declined a marginal 1.1 per cent in the first quarter of the current calendar year, ended March 31. The country exported 85,146 tonnes this year, compared to 86,100 tonnes exported in the corresponding quarter last year. This excludes re-export of imported coffee, which is mostly instant coffee.

Coffee exports dip marginally during Jan-Mar

As a precautionary measure, the commodity markets regulator, the Forward Markets Commission (FMC), has suspended the launch of lean season contracts in soybean. This means, all soybean contracts scheduled to be launched for delivery until September would not be made available for hedging on the exchange platform.

FMC suspends launch of soybean contracts

China, the largest market for Indian seafood items, will stop imports from the country from June 1. In a major development that will hit the domestic marine export business, India has been excluded from the list of countries that have cleared China&rsquo;s General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) certification norms for export of aquatic products.

China to halt import of Indian seafood from June 1

Despite the volatility in soybean and soyoil, both the commodities are headed for gains this week, says Aurobinda Prasad, commodities head at Karvy Comtrade, in an interview with Sharleen D'Souza.

Gold to trade higher this week: Aurobinda Prasad

Gold futures today fell by 0.57% to Rs 28,282 per 10 gm as speculators offloaded positions amid a weak trend in global markets.

Gold futures fall on weak global cues

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