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| March 30, 2007 | | Tax brings down iron ore exports
India's apex mineral export body, Federation of Indian Mineral Industries, says the imposition of the Rs 300 per tonne export duty on iron ore has severely impacted the industry.
Sugar exports likely to cross 2 million tonne
Following the Central government's decision to give sops to sugar sector for exports, the commodity's exports are likely to touch 2 million tonnes this year, twice the initial forecast.
Dry spell spells doom for cardamom
India's cardamom district, Idukki, is reeling under severe drought conditions, leaving farmers in the lurch.
Death stalks Bengal's closed tea gardens
Closure of tea plantations in West Bengal has taken a heavy toll on workers in the gardens.
Crude shocks are back to pinch you
Crude woes are here again. The price of international crude for India has gone up by nearly $10 a barrel in the last two months.
India remains marginal player in global agri trade
India may be a largely agrarian economy; but the country remains a marginal player in world agricultural trade, says the latest annual report from the ministry of agriculture.
House panel backs cancellation of SEZs
Already under fire from all quarters over special economic zones, an important parliamentary committee has firmed up its strong opposition over acquisition of farm land.
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| March 26, 2007 | | Tata Tea ropes in workers to run North gardens
After authoring a sweet success story by giving the management of its Kannan Devan tea gardens in Munnar, Kerala, to the workers, Tata Tea is planning to replicate the experiment in the North India plantation operations.
India to market tea in Egypt
In an effort to boost India's tea export, a delegation from the Tea Board is on a tour to Cairo for finalising the opening of a Tea Marketing Centre in the Egyptian capital.
Gold prices to scale new heights
With more and more people opting for gold as an investment option, the yellow metal is on track to set record levels, probably this year.
EU ban on Pak to boost Indian marine sector
India is trying to fish in Pakistan's troubled waters as far as marine products are concerned.
India's farm sector heading for doom?
India's agriculture sector is heading for doom. And, if the government is not doing anything to change its faulty subsidy policy, the disaster may happen too soon.
Boom in commodity futures trading in India
The turnover of commodity exchanges in 2006-07 financial year is likely to touch a whopping Rs 37 lakh crore (Rs 37 trillion), according to the data from Forward Markets Commission.
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| March 20, 2007 | | India's investment in agriculture declines
According to the latest estimates released by the Central Statistical Organisation (CSO), the total investment in agriculture has declined from 2.1 per cent in 2002-03 to 1.9 per cent during 2003-04 to 2005-06.
Indian cashew tickles Japanese taste buds
A food exhibition in Japan has given hope to cashew exporters in India. The exhibition, 'Foodex Japan 2007', featured Indian cashew products like 'kaju kathli' and 'halwa' which attracted several inquiries at the event.
Ban futures in commodities: Parliamentary panel
India's Parliamentary Standing Committee on Food and Consumer Affairs has called for a complete ban on futures trading in essential commodities like wheat, rice and sugar.
Kisan call centres ring in hope for farmers
Got a problem with your Bt Cotton seeds? Dial 1551, and you will get the answer you need to tackle the situation.
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| March 16, 2007 | | India to make hay as UK ends cotton spinning
After the Bt Cotton boom, Indian farmers are all set to reap rich dividends from a slump in cotton spinning in Britain.
E-krishi nets big success in Kerala
E-krishi, Kerala State IT Mission's ((KSITM) online agri-business network, is making waves in the state with the pilot project in Malapuram district receiving tremendous response.
Indian pepper reigns supreme in US
There is spicy news for pepper growers in India. The export subsidy policy of India has helped the country -- after a gap of five years -- outweigh Vietnam to emerge as the largest exporter of black pepper to the US in January.
Ban futures in India, but play globally
Wheat futures may be banned in domestic market. But the government is all set to take up trading in wheat futures in the global market.
How much food does India waste?
A fresh estimate from the ministry of food processing says a whopping Rs 58,000 crore (Rs 580 billion) worth of agriculture food items get wasted in the country every year.
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| March 15, 2007 | | Sweet reforms soon for sugar sector
Soon, there will be sweet returns from the sugar fields if the Central government's plans bear fruits. The Centre is in the process of breaking away the Rs 20,000-crore (Rs 200 billion) sugar sector from the shackles of government control.
Indian pepper to cash in on Vietnam's woes
After El Nino and droughts hit pepper in Vietnam, causing a production drop of around 20%, Indian market is hoping that the global supply position will remain tight this year.
Indian wine to be on a high, soon
In an effort to give a fillip to the ever-growing wine sector, the Central government has proposed to form a National Grape and Wine Board (NGWB) on the lines of other commodity boards like the Tea Board.
How the commodity market works
A derivative is a product whose value is derived from the value of one or more underlying variables or assets in a contractual manner. The underlying asset can be equity, forex, commodity or any other asset.
Ban futures in all food items: Left
The Left parties have stepped up the demand for total ban on futures trading in agricultural commodities in India.
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| March 14, 2007 | | Global warming to hit monsoons
Thanks to global warming, soon you may not see the monsoon rains, which in normal circumstances hit the Kerala coast around June 1 every year. Again, you may not see the crops which normally come to the market during harvest season.
Kolkata, Hyderabad shine in diamond sales
Diamonds are spreading its sparkle all over India. Proof for it is visible in Kolkata, which has already outshined the traditional markets of Mumbai, Delhi and Chennai in terms of growth in sale of diamond jewellery.
M&A deals: Commodity sector tops in India
Powered by the Tata-Corus deal, India's commodities sector in 2007 showed the way to rest of the world how to cash in on mergers and acquisitions.
Rajan Pillai's brother eyes JV with US firm
Now, making news in the business circuit is Rajan Pillai's brother Rajmohan Pillai, an NRI-based in the Netherlands
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| March 13, 2007 | | Mumbai to outshine Antwerp in diamond trade?
If things go according to the plans of the Indian government, Belgium's Antwerp, the diamond destination of the world, may be robbed of its priced position by Mumbai soon.
Do NBFCs fund hoarding?
Do the non-banking finance companies have a role in hoarding and the resulting inflation?
Brokers beware, Indian hackers on the prowl
In a landmark judgment, a federal jury in the US has indicted three Indians - two from Chennai and one settled in Malaysia - for hacking online accounts of brokerage firms and siphoning off millions of dollars.
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| March 12, 2007 | | NRIs may get to trade in commodities
In a landmark move, India may allow its expatriates to trade in commodities. The decision is aimed at expanding the country's $750-billion futures market.
Iron ore tax: Indian loss is Aussie gain
Who will benefit from India's decision to impose a tax of Rs 300 a tonne on iron ore exports? If indications from markets in China are any hint, Australia is likely to cash in on India's decision to impose the fresh tax.
'Wheat returns'? What's that?
Like the Income-Tax department, the central government has made it mandatory for anyone who buys more than 50,000 tonnes wheat over the coming months to file a weekly return with the government.
Sensex checkmates commodity futures
If you want to know what happens to your soya and sugar prices when share markets crash in China or US, read on.
All about commodity markets
Here is an FAQ on what is the commodity futures market all about.
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