Castorseed prices slid by Rs 51 to Rs 3,572 per quintal in futures market today as traders off-loaded holdings in line with weak spot markets.

Castorseed slumps on strong selling pressure

Business Standard

Chana prices rose by Rs 40 to Rs 3,770 per quintal in futures trade today as traders created fresh positions due to rising spot market demand.

Chana rises 1.1% on spot demand

Press Trust of India

Mentha oil prices fell by Rs 74 to Rs 2,391.70 per kg in futures trade today as traders booked profits, driven by subdued demand in spot market.

Mentha oil weakens 3% on profit-booking

Potato prices fell by Rs 6 to Rs 999.50 per quintal in futures trade today on selling by speculators, driven by reports of increased supplies in the physical market, against sluggish demand.

Potato falls 0.6% on higher supply

Soyabean prices rose by Rs 38.50 to Rs 3,184 per quintal in futures trade today as traders increased positions in line with firm overseas markets cue.

Soyabean up on global cues

Chilli prices fell by Rs 228 to Rs 5,520 per quintal in futures trade today on profit booking by traders on the back of poor demand from the domestic markets amid higher arrivals of fresh crop.

Red chilli falls 4% on arrival pressure

Crude palm oil prices rose by Rs 3.40 to Rs 624 per 10 kg in futures trade today as speculators created fresh positions, supported by a rising demand at spot markets.

Crude palm oil up 0.5% on spot demand

Barley prices declined by Rs 32 to Rs 1,569.50 per quintal in futures trading today following increased selling by traders in line with weak spot markets sentiment.

Barley down on fresh selling

Gold traders today booked stray deals after a three-week long strike, seeking to replenish stocks for a gold buying festival slated later in the month, dealers said.

Gold traders re-enter market with stray deals

Reuters 

The Indian government has asked its Russian counterpart for an alternative arrangement to buy diamonds mined in that country.

India asks Russia for more direct diamond sales

The sowing season for guar is approaching &mdash; it commences with the monsoon in this region &mdash; and farmers in Rajasthan and Haryana (where the bulk of global supply comes from) are likely, lured by the high prices of last season, to bring more area under the crop. As for millers, they&rsquo;re adding to their capacity.

Guar farmers, millers upbeat on prospects

India&rsquo;s tea production fell 11 per cent to 18.7 million kg in January, on account of a drop in output in major producing areas.

Tea output declines 11% over a year

The Union ministry of agriculture has decided to delay the rollout of the revamped Rashtriya Krishi Vikas Yojana (RKVY) by a year, to the next financial year (2013-14).

Revamped agri scheme faces 1-year delay

India&rsquo;s cotton output is likely to dip by two million bales to 32.3 million in the 2012-13 marketing year (August-July), as farmers are likely to switch to better-priced alternative crops amid unclear cotton export policy, according to a report by the US Department of Agriculture (USDA).

'India's cotton output may fall to 32.3 mn bales in 2012-13'

New Delhi cannot be faulted for exercising utmost caution while permitting export of foodgrain and a sensitive commodity like sugar. The same discretion is exercised while extending the ban on exports of pulses, in which demand is perennially ahead of supply. The government does not mind any criticism for the time it will take to arrive at an export decision. For its priority is to ensure food for a population of 1.2 billion. Ideally, at any point it would like to have wheat and rice in FCI and state-owned godowns well in excess of 'minimum buffer norms' and comfortable stock of sugar in factory warehouses. All this is more in the nature of an insurance against setback in farm production in a difficult monsoon year.

Caution, the hallmark in foodgrain exports

South India&rsquo;s largest kraft paper manufacturer, Sree Sakthi Paper Mills, will expand its production capacity 20 per cent to 100,000 tonnes per annum. The company recently completed its expansion-cum-modernisation project involving about Rs 30 crore.

Sree Sakthi Paper to expand capacity

Jewellers from Zaveri Bazaar, a major hub for jewellery industry, who opened their shops for the first time on Monday after a 21-day strike saw a muted response from buyers with footfalls nowhere near their expectations. &quot;We expected the demand to be very high as the shops were closed due to the strike. However, the footfalls are much less than our expectations,&quot; Kumar Jain of Umedmal Tilokchand Zaveri said.

Jewellers witness muted demand

Gold rose to a one-week high above $1,650 an ounce on Tuesday, on course for its fourth straight session of gains, as hopes for more monetary easing by the Federal Reserve and resilient physical demand in Asia supported sentiment.

World gold hits 1-week high on easing hope, physicals

Brent crude futures slipped towards $122 on Tuesday as a steeper than expected fall in China's overall imports in March raised concerns about oil demand growth in the world's second-biggest consumer.

Brent slips towards $122, China overall imports slide

Crude oil futures rose by 0.17% to Rs 5,247 per barrel today as speculators enlarged their positions following a firming global trend.

Crude oil marginally up on global cues

Supported by a pick up in spot market demand, cardamom prices traded higher by Rs 13.60 to Rs 1,311.70 per kg in futures trade today.

Cardamom remains up as demand rises

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