The net energy import bill for India in 2011-12 is expected to be $115-120 billion, according to an estimate of various ministries in consultation with the finance ministry.

Energy bill underlines need for market-based pricing 

Business Standard

The food ministry is mulling a proposal to allow export of another 0.5-1 million tonnes of sugar during the current sugar season that started in October. The proposal will be taken up at the next meeting of an empowered group of ministers, headed by Finance Minister Pranab Mukherjee, this month. The new quota will be over and above the export of 1 million tonnes allowed by the government in November.

Govt may allow more sugar exports

Oil prices slid in Asian trade today as traders took profit from recent gains, with weak US energy demand dampening the market's mood despite concerns over tension in Iran and Nigeria, analysts said.

Oil lower in Asia on profit-taking

Press Trust of India

Silver shot up by 0.39% to Rs 52,770 per kg in futures trade today, as speculators built up fresh positions, taking positive cues from global markets.

Silver futures rebound on firm global markets

Crude oil futures slid 0.51% to Rs 5,291 per barrel today, after speculators booked profits amid a weakening trend in Asia.

Crude oil futures down on weak global cues

Zinc futures fell by 0.40% to Rs 99.10 per kg today, largely in tandem with a weakening trend in base metals overseas.

Zinc extend losses in futures trade on global trend

Supported by a rising domestic demand in view of marriage season, crude palm oil prices rose by 3.40 to Rs 538.30 per 10 kg in futures trade today.

Crude palm oil futures up on firm spot demand

This year, chilli production is expected to be higher by 15 to 20 per cent on the back of increased acreage under the spice.

Increased acreage to boost chilli production in 2012

A stronger rupee boosted gold purchases from India just before the wedding season resumes in India, the world's largest gold consumer, while physical flow into China was lukewarm ahead of the Lunar New Year holiday.

Gold buying firm as wedding season restarts

Reuters 

Gold extended its gains further on Thursday afternoon, after hitting its lowest level in a week on Tuesday, in line with overseas markets, drawing physical traders and pushing premiums a tad higher.

Gold extends rise from 1-week low

Commodities regulator asks for reports on participation; to consider these at the time of annual renewal.

End game for six regional exchanges?

The Forward Markets Commission (FMC) has made audit of regional exchanges mandatory by auditors appointed by it. At present, regional exchanges appoint their own auditors and these reports are given annually to the FMC.

Regulator tightens audit regulations

Rapidly falling prices have forced cooperative sugar factories in Maharashtra to opt for distress sale to mobilise funds to fulfil the mandatory requirement of payment to cane growers in the stipulated 15 days. The sugar is being sold at Rs 2,620 a quintal, Rs 400 a quintal lower than the price during the announcement of export of one million tonnes under the Open General Licence.

Maharashtra sugar cooperatives go for distress sale

The government of Rajasthan has revised the production forecast for guar seed marginally upwards in the second advanced estimates, announced late Tuesday evening.

Guar seed output in Rajasthan marginally up

Oil prices rose in Asian trade today as concerns over supply disruptions in Iran and Nigeria outweighed figures showing weak US energy demand, analysts said.

Oil prices higher in Asian trade

Cardamom futures today rose by Rs 3.30 to Rs 576.50 per kg, as speculators created fresh positions, tracking a firming trend at spot market on pick-up in demand.

Cardamom futures up on spot demand

Crude palm oil futures declined by Rs 2.70 to Rs 534.10 per 10 kg today, as speculators offloaded their positions amid a weakening global trend.

Crude palm oil futures decline on global cues

Copper futures fell by 0.25% today, as speculators reduced their positions, taking weak cues from global markets.

Copper futures decline 0.25% on weak global cues

In range-bound movements, nickel futures rose by 0.26% to Rs 1,008.20 per kg today, as speculators created fresh positions, driven by a rising demand from alloy-makers in the spot markets.

Nickel futures rise 0.26%

Gold prices eased on Friday as fears about the health of the global economy abated after successful debt sales by Spain and Italy encouraged investors to put their money in riskier assets.

Gold falls on easing euro zone fears

The output this year may exceed the 84 mt target by 3 mt in the ongoing rabi season, believe scientists.

Wheat does not catch cold in the North bumper crop expected

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