The Forward Markets Commission (FMC) has brought spot exchanges partially under its supervision through a periodic reporting system.

FMC brings spot exchanges partially under its supervision...

Business Standard

A Parliament panel&rsquo;s suggestion that the chairman and members of the Forward Markets Commission (FMC), regulator for the commodity derivatives markets, should retire at the age of 60 years has evoked indignation from the latter.

FMC opposes suggestion for retirement age at 60 yrs

Oil rose in Asia today as traders reacted to better than expected economic data from Japan, analysts said.

Oil higher in Asia on positive Japanese data

Press Trust of India

Cardamom futures continued to rise in the domestic markets and gained Rs 4.30 to Rs 763.50 per kg in futures trade today on buying by traders amid firming spot market trend on strong demand for the ongoing marriage season.

Cardamom surges on strong demand

Finding them guilty over irregularities in the trading of guar seed and guar gum largely on the National Commodity &amp; Derivatives Exchange (NCDEX), the Forward Markets Commission (FMC) is considering banning two Rajasthan-based traders for at least six months. Based on the gravity of the offence, the suspension can be granted for even one year also.

FMC to ban two more members for price rigging in guar

Gold maintained an upward trend for the fourth straight day in the bullion market here today and rose by Rs 225 to Rs 28,690 per 10 grams on marriage season demand amid a firming global trend.

Gold gains Rs 225, silver up by Rs 500

Unabated demand, coupled with shortfall in supply, helped boost base metals prices to new highs. Zinc and lead have already touched all-time highs, while copper, aluminium, tin and nickel have started

Base metals hit new highs

Commodity markets sentiments remained bearish last week with prices of cardamom, chilly, pepper, chana and urad declining on the two national commodity exchanges. 


Wheat, sugar, guar defy falling trend

Metal prices will rule firm for the next few years, PH Ravikumar, managing director and chief executive officer of National Commodity and Derivatives Exchange, said Tuesday. Most of the demand will be

Metal prices seen firm for next few years

Prices of RSS-4 grade rubber rose to an all-time high of above Rs 90. With the heavy shortage continuing in local markets, the Rs 100-mark may not be too far away, say traders in Kochi and Kottayam.


Rubber surges 26% in four months, hits Rs 90

Monsoon demand from north Indian has pulled up prices of dried ginger to Rs 5,500 a quintal. During the last week of March price had slumped to Rs 4,000-4,500, the lowest in recent times. 


Ginger prices up 22.2% on north India demand

Unabated rally in the international market, coupled with the widened daily price band up to 22.5% from the existing 9% by the Forward Market Commission (FMC), saw the turnover of precious metals touch

MCX precious metals turnover drops to Rs 38,287cr

Food and agriculture minister Sharad Pawar today said the process of implementation of the Rs 13,596 crore package for the rejuvenation of short-term cooperative credit structure would begin soon. 


Govt to kick off co-op credit package soon

Cashew exports from the country have increased marginally during the first four months of the current financial year. Combined exports of cashew kernels and cashew shell liquid during the April-July

Cashew exports up marginally in 4 mths

Hindustan Zinc has hiked primary zinc prices by 6.3 per cent to 78,300 rupees per tonne, according to a release issued by the company. 


Hindustan Zinc ups prices by 6.3%

The export promotion cell of Karnataka Chamber of Commerce and Industry in Hubli organised a six-day training course in gems and diamonds grading and identification from October 29. Forty-eight

Diamonds`, gems` grading

Soyabean oil prices declined approximately 25 per cent today to Rs 360 per 10 kg from Rs 480 per 10 kg in the same period last year, due to bumper crop in India this year. Similarly, palmolein oil

Soya, palmolein tags dip 25%

Public sector Hindustan Copper Ltd has raised provisional selling prices of its products by approximately Rs 5,000 per tonne across all segments.


Hindustan Copper raises prices by Rs 5,000 a tonne

Kharif sowing for the crop year 2005-06 (that is, the June-July period) is almost over now, agricultural experts said. While acreage of each rice, cotton and sugarcane, sunflower, castor seed, arhar

Acreage of most crops up on late but good rains

Despite the damage caused to stored onions as well as standing crop by floods in Maharashtra, onion prices are expected to remain stable. 


Study advises farmers to release onion stock in 3 mths

Rain-affected soybean fields are expecting a marginal fall in kharif output this year. The cutting of crop has started in major soybean producing states such as Maharashtra, Madhya Pradesh and

Soybean output may decline

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