Cardamom prices rose by Rs 14.40 to Rs 1,028.90 per kg in futures trade today as speculators created fresh positions, tracking a firming spot market trend on pick-up in demand.

Cardamom gains 1.4% on spot demand

Press Trust of India

Crude palm oil prices rose by Rs 3.50, or 0.62%, to Rs 571 per 10 kg in futures trading today as speculators enlarged positions after strong demand in the spot market.

Palm oil gains 0.6% as demand picks up

Gold traders in the country continued to book the yellow metal as prices stayed near their lowest level in a week, dealers said.

Gold traders keep up purchases as prices flat

Reuters 

Metal stocks have come under pressure on concerns that a slowing global growth may reduce demand for industrial metals. At a time when benchmark indices have lost a little less than three per cent this week, metal counters have lost between 8-12 per cent.

Metals' slide hits markets hard

Business Standard

The Planning Commission has recommended restricting the export of iron ore and to open the Western Ghats for underground mining of manganese assets, to make India a hub for global supply of quality steel in the 12th Plan period (2012-17). Currently, the Western Ghats are an eco-sensitive zone, with no mining accessibility.

Plan panel favours mining in Western Ghats

Barely three weeks after withdrawing special margins in all running pepper contracts, the Forward Markets Commission (FMC) levied 10 per cent additional margin on both the long side and short side in the commodity, to reduce volatility.

FMC raises margins in pepper, mentha oil contracts

Over the past few weeks, the price of pepper (the black variety) in India has risen more than in Europe. A tonne of it costs the equivalent of $7,800 a tonne there and $8,500 here.

Pepper price soars in domestic market

Persistently higher groundnut oil prices for last one month led several of the oil millers in Gujarat to either down their shutters or cut their production. More than 90 per cent oil mills have downed their shutters while rest of the mills are working part time in a week, industry sources informed.

Millers feel the heat of high g'nut prices

As the suspense over a ban on cotton exports continued for a third day, all the three government departments involved in the issue &mdash; commerce, textiles and agriculture &mdash; stuck hard to their positions.

Divided, govt to hunt for solution

Protesting against the recent cotton export ban, ginners of the Saurashtra region have gone on a two-days' strike from Wednesday. What's more, even the agricultural produce market committee (APMC) of the region has also joined them in the protest.

Ginners strike against ban on cotton export

Maharashtra Chief Minister Prithviraj Chavan and his deputy Ajit Pawar, during their meeting with the prime minister this evening, said state farmers would incur a loss of Rs 625 crore due to the export ban.

Maharashtra estimates Rs 625-cr loss

The government may not withdraw the cotton export ban immediately, said senior officials close to the development, but may wait until domestic demand is met.

'Immediate repeal unlikely'

Oil prices swung higher in Asian trade today as the euro gained on hopes Greece's debt swap will be successful, with tensions over Iran also supporting prices, analysts said.

Oil rises in Asia on Greek debt hopes, Iran concerns

Low estimates of domestic oilseed production in the coming oil year (November 2012-October 2013) and recent instability in currency rates are likely to put edible oil prices are on the boil. Prompted by domestic and international factors, refining companies as well as branded oil marketing companies will pass on the increase in prices to consumers, making the daily food platter costlier.

Branded oil makers to increase prices

The government of Maharashtra appealed to the central government to remove the minimum export price (MEP) mechanism for onions.

Maharashtra  for removal of MEP for onions

Oil prices rose in Asian trade today on news that commitments to back a Greek debt swap had passed a key threshold, analysts said.

Oil prices rise on Greek debt swap deal

Mentha oil prices climbed up by Rs 73.30 to Rs 2,515 per kg in futures trade today as speculators enlarged their positions on the back of strong domestic and export demand.

Mentha oil climbs 3% on strong demand

Tracking a firm global trend, crude palm oil prices shot up by Rs 13.20 to Rs 582 per 10 kg in futures trade today as speculators created fresh positions.

Crude palm oil gains 2.3% on firm global cues

Pepper prices tumbled by Rs 1,165 to Rs 41,860 per quintal in futures trading today as speculators booked profits, driven by fall in demand at existing higher levels in the market.

Pepper tumbles almost 3% on profit-booking

Potato prices rose by Rs 14.80 to Rs 1,018 per quintal in futures trade today on pick-up in spot market demand against less arrivals from producing regions.

Potato gains 1.5% as demand picks up

Chana prices moved up by Rs 47 to Rs 3,822 per quintal in futures trade today as speculators created fresh positions, driven by pick-up in spot demand.

Chana gains 1.25% on spot demand

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