traders and farmers likely to experience some relief as the centre decided to allow exports of 19 lakh bales of cotton which is likely to give a fresh impetus to the price of the commodity.India government had banned the export of raw cotton on 5th March, 2012. This was revoked on 12th March, 2012.All Registration Certificates (RCs) were to be scrutinised before revalidation so that they could go ahead...
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decided Wednesday to clear the way for exports of raw cotton, a move that is likely to reduce concerns about higher global prices for the commodity.India, the world's second-largest producer of the crop after China, banned cotton exports on March 5, responding to pressure from local textile and apparel producers who want to ensure adequate cheap local supply of the raw material.But the commerce ministry...
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Futures trading in bullion and metals is powering commodities market in India these days. Trading volumes in bullion and metals at India's largest commodity bourse, the Multi Commodity Exchange (MCX) have been consistently rising thanks to investors' fascination for hot commodities like gold, silver,For the week ending Friday, MCX Comdex was up by 0.80% to 3476.20, MCX Energy was down by 1.71% to 3023.80...
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Ace Derivatives and Commodity Exchange Limited, a Kotak Group anchored commodity exchange in India has launched trading inWith the launch of these 2 contracts, Ace Commodity Exchange will now offer trading in 8 different commodities.Mr. Dilip Bhatia, CEO, Ace Derivatives and Commodity Exchange commented “The Guar contacts are the latest addition to our existing basket of commodities being traded on...
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Does the government of India think that the booming commodity futures trading market is a rich cash cow when equity volumes are falling?It looks just days before the annual Indian budget, India’s Finance Minister Pranab Mukherjee wants to cash in on the commodity futures market by levying a transaction charge on every trade done on the commodity exchanges in the country.The five national commodity...
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Commodities made a strong comeback at the Multi-Commodity Exchange of India (MCX) on positive macros from both US and Europe, the two focus-points of the current economic slowdown. Commodities rallied in tandem with share markets both in the US and India. Diwali sentiment boosted the SENSEX by a 1000 point gain for the week while in commodities, the Top gainer-In the US, advance third quarter GDP was...
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Ever since the first national level commodity exchange was introduced in India in 2003, commodity exchanges have seen an exponential growth. In the last fiscal, the total turnover of the Indian commodity markets was approximately '112.52 trillion, an increase of more than 50% as compared to the year 2009-10.Currently, the average monthly volume on the Indian commodity exchanges is '6 trillion.India's...
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Despite soybean sowing in India picking up and increase in crop acreage, the price of the oilseed and its derivative in India's commodity exchange, National Commodity and Derivatives Exchange (NCDEX) touched new record high.According to reports, the price of the commodity rose on tracking global market.The price of the commodity in global market is high due to prevailing dry weather conditions in the...
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More commodities in India are under investigation after guar gum and guar seed were suspended from futures trading following high speculation in the commodity.Pepper, mentha oil, cardamom, potato, mustard seed, soybean and chana, the major commodities trading in India's National Commodity and Derivative Exchange (NCDEX) is being closely monitored by Forward Market Commission (FMC) to avoid unwanted...
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commodity markets regulator, Forward Markets Commission (FMC) and leading commodity bourse, National Commodity and Derivatives Exchange of India (NCDEX) has taken three major steps to strengthen commodity futures trading in the country.The steps taken include – introduction of staggered delivery, reduction in delivery default penalty and changes in validity period for select agri-commodities.Most of...
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