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Gold prices hit an all-time high on Friday in India amid fall in Indian headline indices - Sensex and Nifty and stronger rupee. Gold prices today hit an all-time high of Rs 35,409 per 10 gram on MCX. 
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Spot gold hit $1,452.60 an ounce in early trade, its highest since May 2013, before easing to be down 0.2% at $1,442.71 as of 0117 GMT.
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Recovery rate is the sucrose content in cane and a 13% recovery, the potential of this variety if harvested in 12 months, means 13 kg of sugar production from 100 kg of sugarcane.
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Tea production in southern India has been on a decline from 2014 when production touched a peak of 242 million kg (m.kg). India is the second largest producer of tea in the world and contributes 26% to the global production.
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During the earlier meeting, the state government had asked for streamlining the process of fixing sugarcane prices as per the RSF for sugar factories which have completed cane crushing.
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Spot gold was steady at $1,425.87 per ounce as of 0127 GMT, after hitting its highest since July 3 at $1,428.40.
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It is a fact that Maharashtra’s Nashik district recorded an all-time high export of 1.43 lakh tonne of grapes during the just concluded grape season. More than 1.50 lakh hectare in the district alone comes under grape cultivation and some 50,000 farmers are associated with grape farming.
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Maharashtra has been receiving supplies for the past month from Gujarat and Karnataka. The situation is similar in other states as well, he said, adding Uttar Pradesh and Bihar have received heavy rains in the past few days, affecting the crop.
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Outlining the likely initiatives, ICAR’s director-general Trilochan Mohapatra said there were about 12-million hectare rice fallow which kept vacant after paddy harvest and 3-4 million hectare of that area could be brought under oilseeds in short-term. 
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Spot gold was down 0.1% at $1,405.26 per ounce, as of 0104 GMT.

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