Caught in an inflation mess, the Central government was hoping for a rescue act from the rain gods this monsoon. But, it seems, the rain gods may not bail out the United Progressive Alliance government from the inflation conundrum.
Commerce and Industry Minister Kamal Nath said on Saturday that India now must gear up for agricultural exports apart from export of manufactured goods and services.
FMC chairman S Sundareshan, while delivering a lecture on 'Commodity Future in India,' strongly advocated the participation of the crucial financial sector in commodities.
Union Finance Minister P Chidambaram has asked public sector banks to go slow on disbursals of home and other consumption loans to help fight inflation.
Reliance Money, India's comprehensive financial services and solutions provider, has tied up with Chicago-based Alaron Trading Corporation, a global, full-service commodity futures brokerage firm.
In Uttar Pradesh, it seems, there are no takers for the government agencies as far as wheat collection is concerned.
Manufacturers could effectively lock in a sales price by going short an equivalent amount of goods with futures contracts.
Sugar industry suffered another jolt this week when the Central government dropped its plans to offer incentives to mills for raw sugar exports.
The vision of Punjab and Gujarat is different as far as cotton cultivation is concerned.
King of fruits, mango, will not come cheap this year.
High delivery costs, caused primarily by a fragmented supply chain, bad logistics, together with poor standards are hurting India's horticulture exports much more than trade barriers, according to a World Bank report.
India's apex commodities market regulator the Forward Market Commission (FMC) says there is no plan now to ban futures trading in any other commodity.
That aroma and taste of Basmati will cost you more now. Faced with an increase in crop rates and shortage of supply, the country's major Basmati rice producers have increased the prices of the commodity by an average 10 per cent.
With domestic prices of cotton ruling high, importers have found good parity for buying cotton from abroad and the consignments are expected to land on Indian shores very soon.
Gold has risen from Rs 9,290 on March 5 to Rs 9,530 by mid-April, a rise of 4% while copper rose from Rs 268 on March 2 to Rs 330 by mid-April, a jump of 25%.
The United States, which has always claimed that India's wheat import norms are too stringent, has once again asked the Indian government to relax these norms.
How India's curry powder major Eastern Group has used state of the art technology to emerge as the largest producer of the various varieties of spice powders.
M E Meeran, a former wholesale dealer in provisions, is conquering the world with his Eastern brand of spices and curry powders.
Reliance Industries Chairman Mukesh Ambani has said that the company will use the polymer futures platform to hedge its risk because of price volatility in oil.
The government is considering enacting a law making it mandatory for industries to rehabilitate the displaced people before developing projects under the special economic zones.
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