The strike by bullion traders and jewellers to protest the proposed increase in import duty on gold and imposition of excise duty on unbranded jewellery entered the 14th day today.

Jewellers strike enters 14th day

Press Trust of India

The commodity derivatives market regulator, the Forward Markets Commission (FMC), may decide to issue rules for algorithm (algo) and high-frequency trading.

FMC mulls rules for algo trading

Business Standard

Faced with crushing margins turning negative once again due to a spurt in oilseed prices, traders have urged the government to curb excessive speculation in raw materials in futures exchanges. Edible oil producers have cautiously passed on a part of the seed price rise to oil consumers amid fear of a demand slump.

Oil traders seek protection from high seed prices

The production of Tur (red gram) is likely to come down a third during this year on account of drought and bad weather conditions in major growing areas. Compared to last year's record output of 3 million tonnes (mt), the country is likely to harvest 2 mt this year.

Bad weather to cut Tur output by 40% this year

Commodities posted the first annual drop since 2008, paced by declines in cotton, copper and cocoa, on concern that the sovereign-debt crisis in Europe and a cooling Chinese economy will sap demand for raw materials.

Commodities poised for the first annual decline since 2008

Gold imports by India, the world's top consumer, plunged 56% to 125 tonnes in the fourth quarter, cutting full-year imports by 8.4% as record high prices and high interest rates hit demand, the head of India's leading bullion body said.

Indian gold imports plunge in Q4, seen down in Q1

Reuters 

The yellow metal was a clear winner, given its safe haven status and heightened risk aversion of global market players. As the risk of a European debt crisis continues to loom over the global economy, gold and the US dollar can turn into the investment of choice. Silver is used as a commodity but is also treated as money, competing with fiat currencies.

Commodities: Gold to rule the roost in 2012

Bad economic conditions in Europe and bumper crop in Brazil, Indonesia and Vietnam to hit exports.

Coffee exports may drop 10% this year

Arrival of cotton in terminal markets across Punjab and Haryana has picked up by almost 40 per cent in the past few days.

Cotton arrival gains momentum

Turmeric prices rose by over one% to Rs 4,670 per quintal in futures trade today, as speculators created fresh positions on expectations that the demand in the spot markets may pick up.

Turmeric futures surge 1.13%on spot demand

Pepper prices rose by Rs 85, or 0.26%, to Rs 33,000 per quintal in futures trade today following a firm trend at spot markets.

Pepper futures marginally up on spot demand

Cardamom prices moved up marginally by Rs 4 to Rs 654.20 per kg in futures market today on pick up in demand in the spot market.

Cardamom futures rise as demand picks up

Potato prices rose by Rs 18.50 to Rs 649 per quintal in futures trading today as speculators created fresh positions after firm demand in spot market.

Potato futures gain 2.93% on spot demand

Gold prices rose by Rs 40, or 0.15%, to Rs 27,369 per 10 grams in futures trade today as speculators indulged in created fresh position on pick-up in demand in the spot market amid weakness in the rupee.

Gold marginally up in futures trade

Silver moved up by 0.54% to Rs 51,303 per kg in futures trading today as speculators enlarged their positions.

Silver futures up by Rs 274

Crude palm oil prices fell by Rs 1.50 to Rs 553.40 per 10 kg in futures trading today as speculators indulged in booking profits at existing higher levels, driven by a weak spot market trend on sluggish demand.

Crude palm oil futures soften on profit-booking

Refined soya oil prices traded higher by Rs 6.35 to Rs 739.85 per 10 kg in futures trade today on pick up in spot demand against restricted arrivals.

Refined soya oil futures up on spot demand

Nickel prices traded higher by 0.11% to Rs 992.30 per kg in futures trading today as speculators created fresh positions, supported by a rise in demand from alloy-makers.

Nickel futures up on spot demand

The bullion market commenced the new year on a promising note as silver prices rose by 250 to Rs 51,400 per kg today on fresh buying by stockists, while gold held steady at Rs 27,640 on restricted buying activity.

Gold steady at Rs 27,640, silver gains Rs 250

Increase in duty upsets mining firms, but steel companies set to benefit after complaining about lack of supply for months.

Iron ore export duty raised to 30%

The jewellery sector has started preparations for a dismal 2012, anticipating a slowdown based on the prevailing circumstances. Rajiv Jain, chairman of the Gems &amp; Jewellery Export Promotion Council (GJEPC) in an interview with Dilip Kumar Jha explains the concerns for the domestic market, but says exports could grow satisfactorily.

Q&A: Rajiv Jain, Chairman, GJEPC

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 2409 - Commodity News