Dairy, sugar prices fall sharply, despite El Nio fears
Dealers are selling gold at a discount of Rs 175 for 10 gm.
Total area sown till last Friday was 16.56 mn hectares, up 23%.
Around two dozen flour mills with its maida supply dedicated to Nestle have stopped production.
The forecast of deficient monsoon rainfalls scared farmers.
A deficient rainfall season starts with heavy showers.
Intermittent storm in the first week of March hit the flowers and emerging buds.
In UP, potato prices have moved marginally up so far this month.
150,000 people are being rendered jobless.
Higher local output estimated to depress cross-border sales
In 2013, the fall in international gold prices was 28 per cent.
The Russian currency depreciated by 24 per cent in the past month to trade at 56.54 to the dollar at present, a sharp recovery after hitting a low of 68 in early December.
The World Gold Council, which represents the mining industry, puts India's demand between 850 and 950 tonnes in 2014.
Import in the first nine months of the current calendar year fell 20 per cent to 525 tonnes from 658 tonnes in the year-ago period.
Indian exporters are said to be exporting gold jewellery with minimum value addition to get a higher gold import quota for domestic market after imports linked to exports under the 80:20 rule.
Price of ladies finger shot up staggering 236% at Vashi wholesale market last month.
This has steered a rally in global equities and dollar Index also ticked higher, trading near its four year high.
When overall gems and jewellery exports remained resilient so far this year on global economic uncertainty, shipment of silver jewellery witnessed a phenomenal growth so far this year.
A sightholder is a company on the Diamond Trading Company's list of authorised bulk purchasers of rough diamonds.
Indian diamantaires are looking to go slow on rough diamond purchase during the remaining quarters of the current financial year, thanks to weak global sentiment.
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