Category Archives: Commodities

Jeera (Cumin) Creeps Higher on Strong Demand

MUMBAI (Commodity Online): Jeera futures gained for the third consecutive trading session Lead by strong demand against the reduced arrivals. Arrivals in the domestic market have started to decline gradually due to ending season. As per market sources, the total production … Continue reading

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Potato Weak in NCDEX Futures

Prices of sugar free potato were down in Delhi on steady to weak demand these days. “Potato is expected to remain weak in short run as selling activity is running on less than regular demand in spot market. Technically selling … Continue reading

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NCDEX Lowers Transaction Fee

In an effort to boost trade volumes in non-agricultural commodities, the NCDEX has lowered transaction fee’s for members.  The NCDEX said that the new fee’s will take effect May 6, 2011, members would have to pay a transaction charge of … Continue reading

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Maize Gaines on Fresh Buying in NCDEX

Fresh buying support has buoyed Maize futures today, making the commodity extend its gains after a smart up move in the last week. The NCDEX Maize Industrial futures prospered today. The Jun 11 contract trades at1270.5 Rs./Quintal, after hitting a … Continue reading

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Guar Seed Spurts, NCDEX Rally Expected to Continue

Guar seed June contract opened higher by Rs 8 on NCDEX today. Guar seed traded strong following Guar gum during trading session. Prices are expected to remain strong on positive sentiments for short run. June contract is expected to take … Continue reading

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Pepper gains and Turmeric drops in NCDEX

On the NCDEX, major May contract agri commodities exhibited a mixed trend Tuesday. Pepper gained weight while turmeric dropped. Palm oil on MCX traded on a negative node. Pepper settled at Rs 29358/quintal due to a squeeze in local supplies … Continue reading

Posted in Agricultural Products, Commodities, Exchange Prices, Futures, India, Indian agriculture, National Commodity and Derivative Exchange, NCDEX, NCDEX Commodities Trading List, Pepper, Turmeric | Leave a comment

India Allows Unsubsidized Wheat Exports

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 … Continue reading

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NCDEX Filed a Writ of Petition against the FMC Regarding Transaction Charges

  NCDEX filed a writ of petition against the FMC stating it should be allowed to modify transaction charges without the FMC’s interference.  The FMC stated it is finalizing its argument, which will be submitted to the Court on the … Continue reading

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Government May Lift Ban on Grains

  A leading official has stated the government may end a 2 year ban on the trading of wheat and rice futures, due to large crops and lower prices that are being predicted this year.  It is predicted that the … Continue reading

Posted in Agricultural Products, Commodities, India, Indian agriculture, Lentils, National Commodity and Derivative Exchange, NCDEX, Rice Futures, Wheat Futures | Leave a comment

Commodity Transaction Tax may lead to rampant “Dabba Trading”

The proposed imposition of the commodity transaction tax (CTT) in the Union Budget by India’s Finance Minister is expected to shift hedgers and speculators to rampant illegal trading (also known as “dabba trading”).   “The commodity transaction tax will attract … Continue reading

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