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Local rubber stays more expensive than imported varities

Buying rubber locally in India, the fourth biggest producer of natural rubber, continues to remain expensive. On Friday, the spot price of the RSS-4 rubber in India was Rs.172.85 per kg while the Malaysian SMR 20, imported by tyre makers, was priced at 149.87 per kg, according to an India-based commodities trading firm.

Bad monsoon will hit India's turmeric production

Low supplies with farmers adopting a wait-and-watch stance are pushing up turmeric prices in India, the largest grower and exporter of the yellow spice, but farmer-joy will be short-lived because lower than normal monsoon rains could leave them with little or nothing to sell in the 2012-13 season, said a local turmeric merchants association.

Patnaik asks govt to maintain constant fertiliser prices

Odisha Chief Minister Naveen Patnaik has asked the central government to maintain a constant price of fertilisers to protect the farmers from exploitation. "There has been a sudden spurt in the prices of fertilisers, specifically of de-controlled phosphatic and potassic fertilisers," Patnaik said in a letter to Union Chemicals and Fertilisers Minister MK Alagiri.

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