Coconut production is expected to be robust this year due to good demand for tender coconut and coconut oil across the country. The main production season is from January till March. In Kerala, the normal annual production is around six billion nuts and is likely to go up 10 per cent this year, according to growers&rsquo; estimates from various centres.

Coconut production to rise 10%

Business Standard

The Forward Markets Commission has issued showcause notices to five members active in futures trading in guar gum and seeds based on findings of an interim report.

Guar gum trade: Notices to 35 entities

Technological missions for both to end in next five-year Plan, though existing allocations to specific states to continue.

Centre decides to discourage cotton, jute sowing

The shipment of oilmeals, a major animal and bird feed, jumped 24 per cent in December on better availability supported well by rapidly growing demand from overseas.

Oilmeal exports increase 24% in December

Sugar prices declined by 0.95% to Rs 2,802 per quintal in futures trade today as demand remained weak against adequate stocks.

Sugar down on weak spot demand, higher supply

Press Trust of India

Copper futures rose by 0.19% to Rs 403.15 per kg today as speculators enlarged their positions, buoyed by a firming trend on the London Metal Exchange.

Copper futures marginally up 0.19% on global cues

Crude palm oil futures continue to fall for the third day today trading Rs 5 lower at Rs 542.20 per 10 kg as speculators offloaded positions amid a weakening global trend.

Crude palm oil extends losses on global cues

Crude oil futures fell sharply by 1.47% to Rs 5,363 per barrel today as speculators reduced positions amid a weakening trend overseas.

Crude oil futures down on weak global cues

Silver futures weakened by Rs 162, or 0.30%, to trade at Rs 53,701 per kg today as speculators offloaded positions taking cues from weak Asian market.

Silver futures fall 0.3% on weak global cues

Potato futures traded higher by Rs 1.50 to Rs 629.70 per quintal in futures market today following improved demand in the spot market.

Potato futures up 0.24% on physical demand

Pepper futrures extended losses for the second day losing Rs 330 to Rs 31,905 per quintal in futures market today on lower domestic and overseas demand.

Pepper futures extend losses on lower demand, fresh arrival

Jeera prices shed 0.62% to Rs 16,303 per quintal in futures trade today largely on higher sowing in key producing regions.

Jeera futures shed 0.62% on higher sowing

Gold futures rose by Rs 93, or 0.33%, to Rs 27,914 per 10 grams today, as speculators created fresh positions on the back of a firming trend overseas and rising demand in the domestic spot market.

Gold futures up on global cues

Commodity markets regulator Forward Markets Commission (FMC) has found irregularities in guar futures trade in a probe conducted by its panel.

FMC panel finds irregularities in guar futures

Global coffee exports fell by 3% to 15 million bags in October-November, International Coffee Organisation (ICO) said.

World coffee exports decline by 3% in Oct-Nov

Additional cost pressure due to costlier raw material from Coal India; companies expect prices to rise by Rs 8-10 a bag.

Cement may firm up on new coal pricing

According to Jawaid Akhtar, chairman, Coffee Board of India, the country will witness record growth in exports this year, too, like the last financial year. In an interview with Nayanima Basu, he says the board is now focused in promoting Indian coffee to the newer markets of Japan and Korea.

Q&A: Jawaid Akhtar, Chairman, Coffee Board of India

Snapping a four-day gaining streak, gold prices fell by Rs 145 to Rs 28,120 per 10 grams in the national capital today on stockists selling at existing higher levels amid a weak trend in overseas markets.

Gold snaps 4-day rally, down Rs 145  

Precious metals analysts expect gold prices to rise for a 12th year in a row and to reach a record high in 2012, but are less optimistic for silver and platinum, according to a survey by the London Bullion Market Association (LBMA).

Gold to hit record high in 2012, say analysts

Reuters 

A bunch of Indian diamantaires have been convicted of smuggling of diamonds into the Chinese territory, while another bunch has been released. But business is as usual for the Indian diamond industry, based out of Surat and Mumbai.

Business as usual for Indo-China diamantaires

The proposal aims at encouraging farmers to create assets by purchasing machines, cut labour cost.

Subsidised crop loans likely to be extended to farm equipment

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