The neo classical economists will have great pleasure in knowing that the Indian farmer has now acted in accordance with the basic assumptions of their theory.
More than 85 percent of gold mined today will end up as jewelry tomorrow. Gold mining is not an essential industry like the harvesting of food or even paper production. It is certainly not sustainable, nor is it just.
Investors and traders in India have been making money on silver futures in the last two months.
Amendments to the Agriculture Produce Market Committees Act have opened floodgates for private companies and online commodity exchange in Gujarat.
Sources close to the development said senior executives of these three companies recently visited the facilities of Stelco, which was put on the block last month.
The Indian government had asked the US Administration to ensure that American millers meet strict quality norms to the wheat to be imported to India.
India's organic farming efforts will see a sea change in the tea sector following the launch of the project to develop organic black tea with funding from the Amsterdam-based Common Fund for Commodities, a UN body.
Russia had imposed a complete ban on import of these commodities originating from India citing poor quality with affect from May 1, 2007.
India's good old 'mandis' are all set to make way for swanky spot exchanges soon. In two months' time, winds of change will sweep across the country's agricultural sector with the launch of electronic spot exchanges.
Gold sentiment is turning positive as investors are more concerned about sluggish US growth, spreading impact of sub-prime housing woes, which could weigh on dollar.
According to said M L Parekh, Director of All India Spices Exporters Forum, exporters will also demand lowering of the margin requirements of pepper during the meeting.
Spices import showed an increase of about 5,000 tonnes in volume and about Rs 65 crore in value from the previous financial year mainly because of the competitive prices for most of the items in the world market.
Tea growers and traders in India can heave a sigh of relief now with the country's tea export to Pakistan showing tremendous improvement.
The request came from India's Minister of State for Mines T Subbarami Reddy. He said that the government is concerned over the huge bills for the gold that is imported to India.
Thanks to Bt, India's cotton fields are not suicide fields any more. The genetically modified seed has come as a godsend for farmers in several cotton-growing states with many of them reaping in rich dividends from Bt Cotton cultivation.
The issue had rocked the state during the past few weeks amid news reports that a huge number of sheep, goat and cattle perished in Andhra Pradesh after eating Bt Cotton leaves.
Go for tuna. That is the message Union Minister of State for Commerce Jairam Ramesh has to give to marine exporters.
Cotton's gain is groundnut's loss in Gujarat. While farmers are rushing to increase the acreage for Bt Cotton in Gujarat, groundnut cultivation is taking a beating in the state.
Is sugar an essential commodity like your daily staples of wheat, rice and pulses? Well, the sweet commodity should not be included in the list of essential commodities by the government, says a new study by consulting firm KPMG.
Prime Minister Dr Manmohan Singh has drawn the attention of chief ministers towards the Centre's pet project of food security special programmes of wheat, rice and pulses.
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