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Solvent Extractors Association (SEA) has been demanding a duty hike in crude edible oils to 10 per cent and on refined edible oils to 25 per cent to arrest cheaper imports from Malaysia and Indonesia.
Solvent Extractors Association (SEA) has been demanding a duty hike in crude edible oils to 10 per cent and on refined edible oils to 25 per cent to arrest cheaper imports from Malaysia and Indonesia.

Paswan demands hike in import duty on edible oils

PTI

Food Minister Ram Vilas Paswan today met Finance Minister Arun Jaitley here and discussed the is... »

Arabian Sea storm may develop into a cyclone, target Gujarat

Vinson Kurian

After the Arabian Sea storm started rebuilding ending a brief pause, weather models have started... »

Prices decline at Kochi tea sale

V Sajeev Kumar

Orthodox dust varieties witnessed heavy withdrawals due to less number of bids at Kochi tea auct... »
Commodity commentary

Demand concerns put pressure on base metals

G Chandrashekhar

The global base metals market is currently facing strong headwinds that impact price performa... »

Crude oil resumes downslide

PTI

Oil prices resumed their downslide in Asian trade today following a sharp rebound the day before... »

Short supply lifts castorseed

Our Correspondent

On the back of short supply and good demand from international markets, castorseed prices moved up about 2 per cent on the NCDEX. Castor oil also increased sharply. On the Rajkot C... »

Slack buying pounds pulses

Our Correspondent

Barring moong and urad, other pulses and pulse seeds traded low in Indore mandis on slack buying. In private trading, tur (Maharashtra) ruled at ₹5,100, while tur (Madhya Pradesh)... »

McLeod Russel​ to buy 90% stake in Rwanda's Pfunda Tea for $19.5 mn

Jayanta Mallick

McLeod Russel India Ltd is set to acquire the biggest private Rwandan tea plantation, producing 2.45 million kg CTC tea a year, for $19.5 million. Borelli Tea Holdings Ltd, the wholly-ow... »

Models say Gujarat must be wary of brewing Arabian Sea cyclone

Vinson Kurian

A day after its genesis, a rogue low-pressure area in the Arabian Sea is forecast to become a tropical cyclone by a number of weather models. India Met Department appears to take the brew... »

NSEL-FTIL: A Sec 396 first for a private sector merger

Perseverance pays: A file picture of NSEL investors protesting outside the Financial Technologies office in Mumbai in November 2013. - PAUL NORONHA

KR Srivats

The Government’s draft order directing the merger of National Spot Exchange Ltd (NSEL) with Financial Technologies is one of its kind, as this is the first instance involving two private sector... »

NSEL-FTIL merger: Could lead to another legal battle, say analysts

Our Bureau

The Ministry of Corporate Affairs’ decision to put a draft order on its website proposing the amalgamation of NSEL with FTIL could result in another legal battle delaying relief to investors,... »

Groundnut oil slips on weak buying

Our Correspondent

As festival buying heads towards close, groundnut oil prices declined on poor demand. Cotton oil remained unchanged. Traders said that groundnut oil price constantly increased during last... »

Rogue Arabian Sea storm may stop short of striking Gujarat coast

Vinson Kurian

Amid reports of heavy overnight rain in southern Tamil Nadu, the Arabian Sea has expectedly thrown up a rogue low-pressure area with implications for the North-East monsoon.The ‘low’... »

Rains dampen copra, coconut oil

V Sajeev Kumar

Heavy rains in Tamil Nadu due to the onset of North-East monsoon affected copra arrivals. This coupled with diminishing local demand affected the coconut oil market in Kerala and Ta... »

36% tea unsold at Coonoor auctions

PS SUNDAR

The pre-Diwali auction of Coonoor Tea Trade Association saw thin business activities. There were no takes for as much as 36 per cent of the offer resulting in teas worth ₹4.51 crore remaini... »

Study group to look into borer menace in coffee

Study group to oversee white stem borer menace in coffee

North-East monsoon sets in over south peninsular India

Poor Canadian crop conditions changing fundamentals in pulses market

Cotton wilts on higher inflow

Outlook turns bullish for masur, moong

Higher arrivals pound turmeric

Hudhud causes Rs 500-cr loss to AP poultry sector

Met Dept puts out cyclone watch in Arabian Sea

Vinson Kurian

The India Meteorological Department has declared a cyclone watch in the Arabian Sea as a well-marked low-pressure area in the South-East awaited calibration into a monsoon depression by Fri... »

Volume slides at Coonoor tea sale

PS Sundar

The market remained closed on Thursday for Diwali and hence, the leaf auction of Coonoor Tea Trade Association will be held with the dust auction on Friday. A volume of 17.52 lakh kg has b... »

Low-pressure area in Arabian Sea likely to turn into depression by Friday

Vinson Kurian

India Met Department has said in its morning bulletin that the low-pressure area over southeast Arabian Sea has become ‘well-marked'. This marks the first round of intensification of the... »

Simbhaoli Sugars to fight NGT order

Our Bureau

Simbhaoli Sugars, which was directed by the National Green Tribunal last week to pay ₹5 crore as compensation for polluting the Ganga, has decided to fight the order. The NGT also cracked t... »

An injustice to FTIL shareholders

Lokeshwarri SK

It is not a Happy Diwali for the shareholders of Financial Technologies (India) Ltd. The stock price tanked 20 per cent on Tuesday after the Government issued the draft order to merge National... »

COMMODITY COMMENTARY

Global commodity markets hit by demand slowdown

G Chandrashekhar

Global commodity markets are currently going through a period of turmoil. The tug-of-war between supply and demand is palpable. Several uncertainties that impacted the market in recent years co... »

Pepper continues to rule steady

GK Nair

Pepper prices, both spot and futures, ruled steady on matching demand and supply. Activities were limited as not much demand from upcountry was forthcoming. All markets there are reportedl... »

UP sugar millers gear up to start crushing

Vishwanath Kulkarni

Even as the UP sugar industry remains in a state of flux, private mills have agreed to take up repair and maintenance of their factories. The development follows an assurance by the... »

Heritage Foods posts lower profit in Q2, revenue up 20%

Our Bureau

Heritage Foods Limited has posted a lower net profit of Rs 4.83 crore for the second quarter ended September 30, 2014 as against Rs 10.15 crore for the corresponding quarter last financial year. <... »

‘To raise milk output, tap indigenous cattle breed’

Our Bureau

There is an urgent need to improve indigenous bovine breeds if milk yields are to rise, Minister of State for Agriculture Sanjeev Balyan said here on Monday. Despite being the largest mil... »

Rubber inches up

Arabian Sea storm may briefly undermine N-E monsoon

North-East monsoon may set in over next two days, says Met Dept

Tea output drops 1% during Jan-Aug

Mixed trend in edible oils

Sugar steady on limited supply

FMC empowers comexes to modify contract specifications

Info-tech

MARK ZUCKERBERG
Founder, Facebook

‘Internet growth in India will have a big global impact’

Thomas K Thomas

Facebook founder Mark Zuckerberg’s quest for the next billion Internet users has brought... »

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