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Commodities |
NMCE |
MCX |
NCDEX
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| Jute mills' body seeks to reinvent self as member breaks ran |
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| Nearly a decade and a half ago, a leading south-India based group with four sugar factories resigned the membership of Indian Sugar Mills Association (ISMA) leaving the industry then guessing about the compulsion of the move. What, however, was of some comfort for ISMA was that the group gave a commitment that it would neither work at cross purposes with the association nor would it ever say anything critical about it. ...Read |
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| Record sugar import likely this year: USDA |
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| India, the world’s largest sugar consuming nation, may import a record of six million tonnes in the 2009-10 season due to a sharp dip in domestic production, the US Department of Agriculture (USDA) said in a report. Last season, the country purchased almost 2.8 million tonnes sugar from the global market, it said. Sugar season runs from October to September. ...Read |
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| Commodity bourses must follow PMLA norms: FMC |
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| In order to step up the regulatory grip on commodity derivatives market, Forward Markets Commission (FMC) has recently instructed bourses to ensure compliance of the Prevention of Money Laundering Act 2002 (PMLA) by their members. “This is more of a pre-emptive step to prevent unscrupulous money coming into our (commodity futures) market,” BC Khatua, chairman, FMC, said. ...Read |
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| Miners seek graded royalty on ore |
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| India exports 100 million tonnes of iron ore to China. ...Read |
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| Profit booking may soften gold prices for a while, say analy |
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| After witnessing an unabated rally, gold prices are likely to see some correction on the back of possible profit booking in the market, say market analysts. ...Read |
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| Karnataka plans jaggery park |
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| Even as the sugar industry is competing with jaggery makers for a larger share of cane for their mills, the Karnataka government has initiated steps to popularise new sugar-rich cane varieties suitable for jaggery making and increase productivity of jaggery units. ...Read |
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| Gold rises on bets that dollar will drop |
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| A falling greenback is spurring purchases of the yellow metal. ...Read |
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| A golden lining seen in silver prices |
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| The white metal gave double the return in 2009 than gold, but is still away from its peak. ...Read |
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| India to extend ban on sugar futures beyond December |
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| India, the world’s biggest user of sugar, will extend the seven-month ban on futures trading in the commodity beyond December to keep prices from rising because of a shortfall in supplies, the Forward Markets Commission has said. ...Read |
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| Global commodity-linked firms hit hard |
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| The poor performance of the corporate sector in the current financial year is reflected in the fact that the number of sectors posting net losses has more than doubled quarter-on-quarter -- from seven in the first quarter to 15 in second to 37 in the third quarter. ...Read |
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