Tea Board plans to improve auction system In order to improve the tea auction system in the country, the Tea Board of India is planning to undertake a study on the existing auction rules of different auction centres in the country. Cotton estimates for this year put at 168 lakh bales Cotton crop estimates for the cotton year October to September has been progressively reduced at 168.18 lakh bales from the earlier estimate of 172.55 lakh bales mostly as a result of prolonged dry spell in cotton growing zones of the country. Asian gold hits two-year high, stalls at midday Asian spot gold soared to fresh two-year highs on Tuesday before stalling at midday as fund buying from overseas and short-covering fuelled unusually busy trading, dealers said. Timely deliveries, quality, are keys to success, says AEL Navi Mumbai markets witness mixed trading Buoyant bullion pushes up Canada gold mining shares Speculative buying spurs yellow metal; castor oil dips Briefing
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