India's largest commodity bourse - the multi commodity exchange - will launch futures trading in raw jute soon.
The prices of natural gas for power and fertiliser units are likely to be raised by 12.5 per cent to Rs 3,600 per thousand cubic metres in July, according to oil secretary M.S.Srinivasan.
The US Commodity Futures Trading Commission is considering a proposal from the Rapaport Group to start the world's first diamond-futures contracts.
Chilli is no more a hot commodity following the arrival of rains and lack of demand during the monsoon season and the trend is expected to continue for another five months.
Farm commodity prices monitored by the Department of Consumer Affairs have generally remained steady or have shown mixed trend in different centers across the country in the week ending June 5.
The National Multi-Commodity Exchange NMCE on Tuesday launched a new series in Soya oil, Guar seed and Chana desi for futures contracts.
The Federation of Indian Mineral Industries has strongly objected to Indian steel companies' policy of selling surplus iron ore in the domestic market and crying for a ban on iron ore export to meet shortage of the commodity.
Oil prices this year could surge up to $80 a barrel due to the increasing demand for the gasoline and disruptions in crude supplies from Nigeria, said a senior Iranian oil official.
Saurashtra in Gujarat boasts of being the cradle of Futures trading in India. Certainly, the Gujarati business acumen played a big role in the rise of futures trade in Saurashtra and other parts of the state.
Mumbai will have to wait for a few more days for monsoon showers.
The Indian government's decision to build 4 to 5 million tonnes of buffer stock of sugar has not gone well with the sugar industry.
What is ailing India's Public Distribution System (PDS)? "Corruption" is the one and only answer to that question.
The Vinod- and Pramod Mittal-controlled Ispat Group is all set to invest around $3 billion (Rs 12,000 crore) in Bangladesh in a gamut of sectors, including gas exploration and production, power, petrochemicals and coal mining.
With largest coastal line in the country, wind is a commodity freely available in Gujarat. And free is a word very common in the state -- in retail and wholesale.
The park, to be set up at a cost of Rs 9.95 crore (Rs 99.5 million), will provide facilities for dehydration of garlic products, coriander leaf, green chilly extracts, turmeric and other medicinal herbs.
The Punjab government has chalked out plans to promote contract farming of basmati and other long grain varieties of paddy, over 26,000 acres of land in 12 districts of the state.
Many of the spinning mills in Tamil Nadu are facing closure and several mills have curtailed production as against the usual practice of working 24/7 round the year.
New Delhi The government has decided not to sell the Dabhol power plant, which has been struggling thanks to huge debts it owes to the contractors.
Talking during the India Investment Show organised by myiris.com in association with ICICI Direct, Chiragra Chakrabarty, head of training, Research and Development, Multi Commodity Exchange, said the commodity market has huge volatility.
Minister of Commerce and Industry Kamal Nath has said that the country is an emerging Asian powerhouse, as India has recorded the fastest gross domestic product growth in 18 years.
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