| Futures shock? | 12-NOV-09 |
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| One striking feature of the economic landscape over the past few months is how sharply asset and, particularly, commodity prices have rebounded from their troughs of late 2008 and early 2009. For example, crude oil prices, which had dropped below $40 per barrel when there were widespread expectations that the global economy was entering a deep and prolonged recession, have rapidly reached the $80 mark in recent weeks and threaten to go higher. Even though economic conditions have improved during this period, they have hardly done so to the extent that one would expect such a rebound in the prices of oil and other commodities. From the perspective of demand-supply balance, in most sectors it is still a buyer’s market, with capacity utilisation levels nowhere near the peaks achieved in the pre-crisis boom. So, something else is obviously at work. |
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| Commodity futures turnover up 34% | 11-NOV-09 |
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| India’s total commodity futures turnover from three national exchanges and 18 regional exchanges during April-October period stood at Rs 40.05 lakh crore, up 34.09 per cent from a year ago, according to an official at Forward Markets Commission (FMC). |
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| FMC all set to get more teeth | 03-SEP-09 |
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| Autonomy with more powers for the commodity futures market regulator, Forward Markets Commission (FMC), now seems certain with the Reserve Bank of India saying that futures trading cannot be held responsible for the recent spurt in essential commodity prices. This clearly means that futures trading is getting support from policy-makers — a fact that is likely to prompt the government to introduce the Bill granting more powers to FMC in the next Parliament session. |
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| NCDEX launches groundnut-Bikaner contract | 10-JUL-09 |
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| The National Commodity & Derivatives Exchange (NCDEX), the second largest commodity futures trading platform in the country, is launching trading in groundnut (in shell) – Bikaner futures contract on July 10, 2009. These contracts would be available in addition to the existing groundnut (in shell) – Junagadh base contract. |
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| FMC says no case for merging commodity futures, fin markets | 09-JUL-09 |
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| Should the capital market regulator, the Securities and Exchange Board of India (Sebi), regulate the commodity futures market too? This question has been thrown up by the Economic Survey, which has recommended that all financial markets should be regulated by Sebi. And since the commodity futures market has been categorised as a financial market, the suggestion is clear. |
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| Commodity to the rescue | 28-JUN-09 |
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| It could be one of those years when exposure in commodity futures, along with equities could be a good investment strategy. |
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| Commodity futures mart set for big changes | 23-JUN-09 |
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| The International Multi-Commodity Exchange (IMCX) is expected to launch in August and another from Kotak Mahindra Bank is in the process of giving the final shape to its plan to launch countrywide exchange in association with Ahmedabad commodity exchange. IMCX, the fourth national commodity trading bourse, is promoted by Indiabulls and MMTC, and is awaiting the final recognition from the commodity market regulator the Forward Markets Commission (FMC) to launch its membership drive. |
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| Exchanges to re-launch wheat futures today | 21-MAY-09 |
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| The country’s two largest commodity futures trading platforms, the Multi Commodity Exchange (MCX) and the National Commodity & Derivatives Exchange (NCDEX), are launching six monthly wheat futures contracts from tomorrow. The third, the National Multi Commodity Exchange (NMCE), is planning to introduce contracts of this most sensitive commodity next week. |
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| Commodity futures fall on rupee appreciation | 19-MAY-09 |
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| Prices of almost all commodities having global references slumped on the country’s two largest futures exchanges, Multi Commodity Exchange (MCX) and National Commodity and Derivatives Exchange (NCDEX), due to a sudden appreciation of the rupee, despite steady trends in these commodities in overseas markets. |
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| Currency and commodity futures surge, rupee appreciates | 19-MAY-09 |
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| For the first time after last August’s launch, currency derivatives’ volumes have scored over volumes in equity derivatives. Not only that, currency futures’ volumes were at a record high, with over a million contracts traded on NSE and over eight lakh contracts traded on MCX-SX, too. |
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| Wheat futures to be relaunched | 16-MAY-09 |
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| Wheat futures are being relaunched even as the process of formation of the new government at the Centre is on. Commodity futures market regulator Forward Market Commission (FMC) has issued letters to all national exchanges, saying that suspension of wheat futures has been revoked and they can be launched after getting an approved contract from the FMC. |
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| Sumita Kale: Are speculators evil? | 15-MAY-09 |
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| Is speculation good or bad? A simple question that generates strident arguments. While this debate peaked last summer, a recent International Food Policy Research Institute (IFPRI) paper by Robles, Torero and von Braun1 examines a more pertinent question, ‘When does speculation really matter?’ The answer lies in looking into the specific conditions prevailing in the relevant market. |
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