July 20 (Reuters INDIA) – Indian soybean and soyoil futures are likely to open higher on Monday on lower acreage under oilseeds and firmness in overseas markets, analysts said. As on July 17, Indian farmers had cultivated oilseeds on 10.7 million hectares, down 2.8 percent on year, farm ministry data showed. Concerns deficient rainfall so [...]
7/20/09 – Positive cues from regional markets and heavy buying by foreign institutions led Indian shares up for a second straight session Monday to close at their highest level in more than a month. The Bombay Stock Exchange’s benchmark Sensitive Index closed up 3.0% at 15,191.01. It traded between a low of 14,854.17 – also [...]
The National Commodity and Derivative Exchange’s daily turnover reached Rs 34.54 billion with 1,945 users partaking in trading on July 13, 2009. More than 87,151 trades took place, with some of the highest trades being Chana, Guar Seed, Rape Mustard Seed, Soyabean, and Soya Oil. Additionally, on July 11, 2009, the NCDEX’s daily turnover reached [...]
India has allowed the export of 900,000 tonnes of wheat by state-run firms and 650,000 tonnes of wheat products by private trade as monsoon rains revived after a dry spell. The government rejected demands of an export subsidy, making shipments viable only to neighbouring Bangaldesh, traders said. One trader with an international firm said Indian [...]
