The five-member Abhijit Sen committee on futures trading, which submitted its report today, has said that it is difficult to establish that futures trading of agricultural commodities affect spot prices.

Agri futures trading, spot prices link unclear: Panel

Business Standard

The jute industry has urged the Centre to exempt raw jute from futures trade and ban the system at the commodity exchanges on fears that unbridled speculation will rig up the fibre market affecting spot prices as it did in 2005-06 with the opening of the futures trading in jute at the NCDEX.

Exempt jute from futures trade, urges industry

India&#39;s crude oil basket yesterday rose to a fresh high of $112.50 a barrel (Rs 4,522), up $1.91 a barrel from the previous close, a release from the petroleum and natural gas ministry release said on Tuesday.

Crude basket hits $112.5/billion

Asian stocks fell, led by companies in Taiwan, on concern that ties with mainland China are deteriorating, and as Hyundai Heavy Industries dragged shipbuilders lower on speculation rising steel prices will erode earnings.

Asian stocks slump

PAPER The industry may not pass on the excise duty cuts on writing, printing and packing paper to consumers.

The writing on the wall

SEEDS The Budget has announced a 150 per cent weighted average rebate on seed research and development.

Sowing for a better harvest

PLANTATION The Budget has proposed a crop insurance scheme for the tea sector and provided Rs 40 crore for the Special Purpose Tea Fund.

Good cuppa for small planters, research

CEMENT The excise duty on bulk cement put at Rs 400 a tonne or 14 per cent ad valorem, whichever is higher.

FM tiptoes on cement

GEMS &amp; JEWELLERY Customs duty on import of roughs and polished zirconia and rough coral halved to 5 per cent.

Diamonds forever

COMEX Short-term profit subject to 15 per cent commodities transaction tax.

Transaction tax puts traders in a fix

Less availability of good quality chilli in the physical market stoked the futures last week. Traders and commodity analysts maintained that the strong trend is likely to continue till the inferior

Chilli likely to stay firm

Increased demand in the physical market with the offtake exceeding arrival has turned jeera bullish last week. In the short-term, analysts said, jeera would continue to be bullish, especially on the

Jeera may be bullish

14% proposed excise duty will make bulk cement dearer by Rs 100 a tonne. 


Cement firms set to hike prices

The bears were back in action on Monday, setting the stage for a further downside. Technical indicators suggest bearishness, with a break in trend line on the price charts and relative strength index

Futures discount widens further

Edible oil industry pushing for GM seeds. 


Oilseeds acreage drops by 7.6%

The jute industry has urged the ministry of textiles (MoT) to impose a ban on the imports of A.Twill and B.Twill jute bags from Bangladesh as part of its qualitative restriction.


Jute industry seeks ban on imports from Bangladesh

Gold prices resumed sharply lower by Rs 215 per 10 grams on the bullion market here on Wednesday on fresh profit-taking due to fall in New York market. Silver also declined on lack of demand at higher

Gold falls by Rs 215

Press Trust of India

Demands package in line with Rs 60,000-cr loan waiver for agri farmers.


Poultry industry asks for relief

In order to push potato futures, the Multi Commodity Exchange (MCX) has extended the number of its designated cold storages, which it calls delivery centres, from six last year to 12 this year in West

MCX adds 6 cold storages

Less demand due to high rates, arrivals cause crash. 


Agri futures in the red

Arobust demand from domestic as well as overseas industries has stoked a bullish sentiment in the spot and futures maize markets. Reports of a lower rabi crop estimate this season have added more fuel

Maize up on demand, poor crop cues

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