Cardamom prices shed 1.07% to Rs 1,001.10 per kg in the futures market today as speculators reduced their positions, driven by a weak trend at spot market on sluggish demand at prevailing higher levels.

Cardamom sheds 1% on sluggish demand

Press Trust of India

The government has banned cotton exports with immediate effect, the Directorate General of Foreign Trade (DGFT) said on Monday, as the world's second-largest exporter of the fibre moves to conserve supplies for local mills.

Govt bans cotton exports with immediate effect

Reuters 

Tracking a weakening global trend, nickel prices declined by Rs 3.10 to Rs 983.20 per kg in the futures trade today as speculators offloaded their positions.

Nickel declines on global cues

Buoyed by a firming global trend, copper prices moved up by 0.17% to Rs 432.40 per kg in futures trade today as speculators created fresh positions.

Copper moves up on global cues

Pepper prices spurted by its daily upper limit of 4% to Rs 1,550 in futures trade today as speculators created huge positions, triggered a speculations of lower output this season.

Pepper hits upper limit on fresh buying    

Gold prices rose Rs 67 today to reach Rs 28,462 per 10 gram in futures trade as speculators created fresh positions on expectations of rise in demand in the spot market.

Gold futures rise on spot demand

Jeera prices fell by Rs 195 to Rs 13,470 per quintal in the futures trade today due to the sluggish domestic demand against increased supplies from the producing regions.

Jeera declines on sluggish demand

Chana prices dropped by Rs 69 to Rs 3,619 per quintal in futures trading today as speculators offloaded their positions, triggered by rising arrival of new crops in the spot market.

Chana dips almost 2% on higher arrivals

Lead prices weakened by 0.18% to Rs 108.35 per kg in the futures trade today as speculators reduced their positions, driven by a weak demand from battery-makers in the spot market.

Lead weakens on sluggish demand

Barley prices fell by Rs 31.50 to Rs 1,548 per quintal in the futures trading today as traders preffered to off-load their holdings on the back of increased supply and reduce offtake in physical markets.

Barley falls on selling pressure

Guarseed prices hit daily upper limit of 4% to Rs 21,568 per quintal in the futures market today, due to speculative buying by traders.

Guarseed hits upper circuit on speculation

Gold prices extended gains for the third straight day today by adding Rs 75 to Rs 28,340 per 10 gram in the national capital on sustained buying amid the&nbsp; the wedding season, traders said.

Gold extends gain for third day, up Rs 75

Gold traders in India, the world's biggest buyer of bullion, stayed on the sidelines as the spot prices extended its gains after the rupee dropped to its weakest level in more than a month, analysts said.

Gold traders stay on sidelines as prices rise

Oil slipped to around $123 a barrel on Monday as worries of a supply crunch eased after China lowered its economic growth target for 2012 and Iraq boosted production. China cut its 2012 growth target to an eight-year low of 7.5 per cent, lowering its long-standing annual goal of eight per cent, causing a fall in Asian shares and raising questions over oil demand. Brent crude oil futures for April fell 99 cents to a low of $122.66 before recovering to trade around $123.00 by 1025 GMT.

Oil slips to $123 after China cuts growth target

The central government on Monday banned cotton export, amid fear its prices would shoot up on account of declining production in the current season.

Centre bans cotton export on fears of price rise

Business Standard

Due to less carryover stock and low domestic robusta output, India&rsquo;s coffee exports are likely to decline by 15 per cent to 250,000 tonnes for the financial year ending March 2012. During FY11, India had exported 294,000 tonnes. The fall in coffee prices in the international market is also seen as a reason for the decrease in exports.

Coffee exports may fall 15% in FY12

Originally promoted as manufacturing hubs, dedicated jewellery special economic zones (SEZs) across the country have turned out to be major trading centres for cutting and polishing diamonds, posing a threat to the traditional diamond processing industry. Contending there are undue incentives enjoyed by factory owners in the SEZs, the Gems &amp; Jewellery Export Promotion Council (GJEPC) has urged state governments to withdraw trading licences from the SEZs.

Diamond processors cry foul over SEZs

In February, production of steel at JSW Steel fell 24 per cent to 610,000 tonnes, compared to 805,000 tonnes in January. However, compared to January 2011, the company logged a production growth of 13 per cent.

JSW Steel Feb output suffers, firm blames e-auctions

Copper fell around one per cent on Monday, undermined by news that China, the top copper consumer, had shaved its economic growth outlook for this year, and by concerns over Greece&rsquo;s progress on completing a huge debt restructuring deal.

Copper falls as China cuts growth target to 7.5%

The symbiotic relationship between crude oil and sugar prices should still be at work. In fact, any rally in oil will prove to be an incentive for Brazil where cars are designed to use up to 100 per cent ethanol to commit a much larger portion of cane crop for production of the fuel during the new season to start next month (for India and most other cane-based sugar producers, the season starts in October.

Surplus burden to hit sugar

Global cotton prices are likely to remain under pressure even after India banned exports, a senior Australian farm official said on Tuesday, as more production comes on stream from other producing countries.

Pressure on cotton prices to stay despite India curbs

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