The sugar industry in Uttar Pradesh (UP) on Tuesday openly criticised the cane pricing policy of the state government and filed a petition at the Lucknow bench of the Allahabad high court, requesting quashing of the minimum buying price set for mills in 2011-12 by the administration.

Sugar industry in UP petitions court over cane price

Business Standard

Brought down from Rs 2,700 a tonne for fines and Rs 3,700 for lumps; 2 mt to be auctioned on Tuesday.

Karnataka iron ore e-auction base price reduced by 10%

Despite higher estimated domestic output, vegetable (veg) oil import in India is likely to rise six per cent this oil year (November 2011-October 2012) to bridge the deficit on growing consumer demand.

Veg oil imports to rebound, despite high output

The Cotton Advisory Board (CAB) has estimated exports to be eight million bales (170 kg) for the current cotton year. Last year, seven million bales of cotton were exported.

Cotton exports likely to be 8 mn bales, says Board

Buoyed by spot demand from bulk consumers and a delay in cane-crushing, sugar prices rose by over one% to Rs 2,903 per quintal in futures trade today.

Sugar gains over 1% in futures trade

Press Trust of India

Gold today slipped from record high by losing 0.39% to Rs 29,058 per 10 grams in the futures market as speculators indulged in booking profits amid a weakening trend overseas.

Gold slips from record high in futures trade

Crude oil prices declined by Rs 20 to Rs 5,013 per barrel in futures market today as speculators indulged in off-loading their positions, tracking a weak trend in overseas markets.

Crude oil futures decline on lower global trend

Guarseed prices declined by Rs 49 to Rs 4,458 per quintal in futures trading today following profit taking at existing higher levels.

Guarseed futures down on profit booking

Uttarakhand has announced its state advised price (SAP) for sugarcane at Rs 250-255 a quintal, which is Rs 5 more than what farmers will get in Uttar Pradesh.

Sugarcane SAP in Uttarakhand more than UP

The anticipation of a bumper production of basmati rice in the major producing belt (Punjab, Haryana and Western Uttar Pradesh) has put pressure on prices and lower prices have helped exports to go up.

Low basmati price may help increase exports this year

With UN lifting the ban on rough diamond imports from there, supply booking starts ahead of the wedding season.

Indian diamantaires rush to Zimbabwe

The tobacco control programme of the ministry of health may see some paradox. In its strategy to curtail tobacco production to control its usage in India, the ministry of agriculture has decided to embark on a phase-wise elimination of all varieties except the cigarette-producing one.

Agri ministry plans elimination of non-cigarette tobacco crop

The latest estimates of world pepper production indicate a four per cent increase in the 2012 season (November 2011-December 2012). According to the estimates of a leading export house, the total production next year would be around 270,000 tonnes. Vietnam will lead the global supply of the spice, with a total production of 140,000 tonnes. The output from the country this year was 130,000 tonnes. The global supply in 2012 is estimated to be 320,000 tonnes, including the carryover stock in major producing countries.

Global pepper output may increase 4% this season

Gold futures prices today declined by 0.45% to Rs 28,866 per 10 grams due to fresh selling by speculators in tandem with a weak trend overseas, as advance in dollar curbed demand for the precious metal.

Gold futures extend loses on weak Asian cues

Silver futures prices fell marginally by Rs 50 to Rs 57,107 per kg today after traders preferred to reduce their positions amid a weak trend in global markets.

Silver futures down on weak global cues

Supported by a firming global trend and pick-up in spot demand, crude palm oil prices rose by Rs 4 to Rs 519.90 per 10 kg in futures trade today.

Crude palm oil futures move up on global cues

MEP brought down to $350 a tonne from $475 to lend support to falling domestic prices.

Onion export price cut 26%

The age-old obsession the common Indian folk has for the yellow metal Rs is well documented, but even the country&rsquo;s companies seem to be going for gold &mdash; literally.

Firms join great Indian gold rush

While silver has been a high beta (highly volatile) commodity, it will continue to give good returns even next year.

Silver to continue good run in 2012, may cross $50/oz

The government has decided not to include any more crops under the minimum support price (MSP) list for the time being, owing to increasing pressure of rising MSPs on subsidy burden of the government and food prices.

No more crops under 'support' list for now

Despite farmers&rsquo; reluctance to supply sugarcane at the current price, the Chodavaram Cooperative Sugar factory here is gearing up to start the crushing season from November 21. Recently, sugarcane farmers of Chodavaram started agitating for better price for their crop.

Chodavaram to start cane crushing from Nov 21

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