Tobacco shipments from India, the third-largest exporter in the world, fell by 7.8% to 1,54,171 tonnes during the April-November period of the current fiscal on account of surplus global stock and less competitive prices, the Tobacco Board said.

Tobacco export volumes down by 7.8% in Apr-Nov

Press Trust of India

Gold inched lower on Wednesday as investors awaited the outcome of the US Federal Reserve's policy meeting, which could weigh on the dollar, but purchases from jewellers prevented prices from falling further.

Gold edges lower before Fed decision

Reuters 

A Planning Commission expert committee may soon recommend a revised price for ethanol, currently pegged at an ad hoc price of Rs 27 a litre. Official sources said the commission will forward this to all ministries. It will then be finalised by a group of ministers (GoM). The revised price to be recommended by the commission may be a tad higher, in the range of Rs 28-29 a litre, sources said.

Govt panel may recommend ethanol price revision

Business Standard

At a meeting on Tuesday, the Cotton Advisory Board (CAB) said textile mills were likely to consume more cotton than estimated earlier this year. Mills&rsquo; consumption estimate for the current cotton year (October to September) has been revised marginally upwards from 21 million bales to 21.6 million bales (1 bale equals 170 kg).

Mills likely to consume more cotton

The Spices Board will complete construction of a Spices Park in Guntur district of Andhra Pradesh soon besides ensuring functioning of the quality lab of the Board there. The park will be chilli-based and will work in line with the park at Puttady in Kerala.

Guntur to soon get a spice park

Currently, the exchange has an equity share capital of Rs 19.12 crore, which, according to revised guidelines, should be raised to at least Rs 50 crore before March 31. Also, the promoters&rsquo; stake needs to be brought down to 26 per cent.

NMCE promoters in talks with PE players, banks to dilute stake

Spurred by a firming trend in the overseas market, copper prices rose 0.50% to Rs 424.55 per kg in futures trade today.

Copper futures up 0.5% on global cues

Tracking firming trend in base metals at the London Metal Exchange and rising domestic demand, nickel futures rose by 0.43% to Rs 1,035.10 per kg today.

Nickel futures up 0.11% on global cues, spot demand

Mentha oil prices rose for the third straight day and gained Rs 13.30 to Rs 1,473.60 per kg in futures market today on the back of increased demand from pharmaceutical units in the spot market.

Mentha oil rises in futures trade

Cardamom rose by Rs 1.20 to Rs 679.60 per kg in futures trade today as speculators enlarged their positions, supported by pick-up in spot market demand.

Cardamom futures rise as demand picks up

Lead rose by 0.58% to Rs 112.20 per kg today on the back of a firming trend at the London Metal Exchange amid pick up in demand from battery makers.

Lead rises on overseas trends, rising demand

Zinc rose by Rs 1.05, or nearly 1%, to Rs 106.80 per kg today following firming trend in entire base metals overseas.

Zinc gains 1% on higher global cues

Crude palm oil prices traded marginally lower by 0.19% to Rs 524.50 per 10 kg in futures trade today as speculators reduced their positions on sluggish demand in the spot market.

Crude palm oil turns weak on sluggish demand

Amid pick up in spot demand, triggered by the ongoing marriage season, potato prices rose by Rs 2.10 to Rs 720 per quintal in futures trade today.

Potato up 0.3% as demand picks up

Pepper prices declined by 0.71% to Rs 32,310 per quintal in futures trading today as speculators reduced their positions amid a weak trend at spot markets due to sluggish demand.

Pepper sheds 0.71% on sluggish demand

Gold jumped to its strongest in more than a month in choppy trade on Thursday after a promise by the US Federal Reserve to keep rock-bottom rates for at least two more years helped burnish the metal's safe-haven appeal.

Gold rises to 6-wk high on Fed rate vow

The Forward Markets Commission (FMC) has started a review of its regulatory provisions to curb speculative deals in the commodity market. Sources close to the development say margins may go up across commodities.

FMC initiates review of regulatory provisions

Rabi sowing in Gujarat has jumped 17 per cent to 3.64 million hectares (ha) as of on Wednesday, against 3.1 million ha reported during the same period last year. However, the area under wheat cultivation fell as a delayed monsoon and weather conditions prompted farmers to take up alternative crops like potato.

Gujarat rabi sowing up 17% wheat area dips

The Rs 325,000-cr domestic jewellery industry will suffer due to the substantial increase in import duty on precious metals and stones. The government should take the industry into confidence before decreeing such moves, Bachhraj Bamalwa, chairman, All India Gems &amp; Jewellery Trade Federation, tells Dilip Kumar Jha.

High import duty will stoke gold smuggling: Bachhraj Bamalwa

Crude oil futures rose on Thursday a day after the US Federal Reserve said interest rates should remain low well into 2014 and data showed an increase in orders for US manufactured goods. That news sparked buying interest in riskier assets such as oil and other commodities.

Oil ends up on Fed plan, US data, Iran threat

Spot gold finished slightly lower on Thursday as investors locked in profits after bullion jumped past key resistance in early trade.

Global gold eases off highs to end flat

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