Commodity Online, Mumbai

Stories by Commodity Online, Mumbai

What will be the oil price at Christmas?

What will be the oil price at Christmas?

Rediff.com   15 Dec 2007

In talking about the market in crude oil we often looks for items, events, and structures that repeat themselves. We pin some kind of faith on them because we are unable to see the future with any real clarity. For regular readers of this column, you will realise that this is the start of an explanation as to why we predicted crude oil would be $66.60 at Christmas.

Meet the hottest commodity trader

Meet the hottest commodity trader

Rediff.com   14 Dec 2007

His name is Lee Lowell -- and he's one of those rare men in the investing world. He's not about flash. He doesn't drive a fancy car or wear $2,000 suits. He's not about climbing the ladder at any of those hotshot trading firms (though any firm would be glad to have him).

Can Darjeeling Tea win back its old charm?

Can Darjeeling Tea win back its old charm?

Rediff.com   14 Dec 2007

Fears of 'Darjeeling Tea' losing its charm have been growing for quite sometime now. Another factor added to the worries of 'Darjeeling Tea' producers was the plantations' heavy dependence on fertilisers and pesticides that were being hawked by foreign corporations. In the recent days, there is a wind of optimism blowing through the Darjeeling hills, and a growing sense that Darjeeling Tea is on its way to reclaiming its legendary status.

Will all metals plunge on a global recession?

Will all metals plunge on a global recession?

Rediff.com   13 Dec 2007

Will a US recession tip the entire metals complex, including Gold Prices, sharply lower in 2008...? Add the falling dollar to rosy growth forecasts from China and what do you get? If you guessed higher commodity prices, you get a gold star. Yet among the big investment institutions, there's mixed opinion about what metals prices will do in 2008.

Gold prices will zoom to record levels in 2008

Gold prices will zoom to record levels in 2008

Rediff.com   13 Dec 2007

Gold price will surge to a record high of $900/oz, driven by a weaker US dollar and economic turmoil in 2008, while a surplus in the metal will narrow by 97 tonnes, possibly dipping into a deficit, keeping prices strong, according to the VM Group/Fortis bi-annual The Yellow Book.

US, China ink biofuels cooperation pact

US, China ink biofuels cooperation pact

Rediff.com   13 Dec 2007

The two countries agree to work together on the scientific, technical, and policy aspects of biofuels development, production, and use. These areas include biomass production and sustainability, conversion technologies, bio-based products, and rural development strategies.

Global agriculture boom has just begun only...

Global agriculture boom has just begun only...

Rediff.com   13 Dec 2007

Worldwide food demand is growing, and continued economic growth around the world is only going to spur more and more food demand. Once you add the growth in the world population to the mix, you've got one heck of an investment opportunity cropping up (pardon the pun) in the agricultural industry.

MCX mulls IPO again

MCX mulls IPO again

Rediff.com   12 Dec 2007

The Cabinet Committee of Economic Affairs is all set to announce the guidelines for FDI in commodity exchanges. Following this, the Forward Markets Commission is expected to submit the proposal for ownership structure of exchanges before the Union ministry of consumer affairs.

Check out India's first commodity cards

Check out India's first commodity cards

Rediff.com   12 Dec 2007

This card is a variation of the popular Kisan Credit card.G-Card was distributed to nearly 3,500 small and marginal farmers growing ginger in the remote militant infested district of Karbi Anglong. The card has brought a lot of benefits to the farmers of the area, who often had to shell out 'revolutionary taxes' on cash transactions.

All about gold mining in India

All about gold mining in India

Rediff.com   11 Dec 2007

India is the largest importer and consumer of gold in the world; but gold mining remains at very low levels. The country imported an estimated 443 tonnes of gold during in the first six months of the current fiscal, valued at $5.82 billion. Faced with the low production of gold, the Indian government has asked domestic gold miners to actively explore joint venture with foreign companies to speed up exploration of the yellow metal within the country.

Why Apple is the most sought after retailer

Why Apple is the most sought after retailer

Rediff.com   10 Dec 2007

While initial Black Friday numbers out of the retail sector seemed promising, official November sales left much to be desired. Fifty-one percent of retailers missed projected November sales numbers. And we all know how the Street feels about missed numbers. Target got severely punished after missing its analyst-predicted mark.

European cos sign up for Angola gas project

European cos sign up for Angola gas project

Rediff.com   7 Dec 2007

A consortium of European companies has signed up an agreement with Angolan government for exploration of its gas and oil reserves. The consortium includes two Spanish (Gas Natural and Repsol YPF), and Portuguese companies (Galp Energia and EXEM), one Italian company (Eni) and Angolan state energy company, Sonangol.

India's 'golden' growth story

India's 'golden' growth story

Rediff.com   7 Dec 2007

India's fascinating success story in the gems and jewellery industry continues to glitter. In the last few years, there has been a massive growth in the purchasing parity of the middle class and surging income levels in India.

New cotton futures contract soon

New cotton futures contract soon

Rediff.com   29 Nov 2007

Soon, a new cotton future contract will be launched by the Mumbai-based Cotton Association of India.

Egg prices hot up on winter chill

Egg prices hot up on winter chill

Rediff.com   29 Nov 2007

The winter time demand has pushed up prices of eggs in North India, especially New Delhi.

Meet held to decide EU FTA negative list

Meet held to decide EU FTA negative list

Rediff.com   29 Nov 2007

A meeting to discuss what goods should be included in the negative list of items for India-European Union Free Trade Agreement, was held here recently.

Govt mulls more sops for sugar mills

Govt mulls more sops for sugar mills

Rediff.com   29 Nov 2007

Sugar mills may get some relief from the government following a proposal to raise the interest rate subsidy on loans against excise duty paid by the mills during the last and current financial years.

Special rice for diabetes launched

Special rice for diabetes launched

Rediff.com   28 Nov 2007

Diabetic patients got a respite in Maharashtra and Gujarat when Pranav Agro industries launched its Smart Balance rice, low glycemic index health rice, on Tuesday.

Why Indians are besieged by gold

Why Indians are besieged by gold

Rediff.com   28 Nov 2007

Instead of investing all their annual savings in gold, if the people in India were to invest in more productive business assets, the country's annual GDP growth would be higher by about 0.30.4 per cent.

Reliance Power bags Krishnapatnam project

Reliance Power bags Krishnapatnam project

Rediff.com   28 Nov 2007

Anil Ambani-led Reliance Power, which emerged as the lowest bidder for the 4,000 MW ultra mega power project at Krishnapatnam, will be awarded the contract in a few days.