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AGRI-BIZ & COMMODITIES
COMMODITIES:
Inflation rate drops to 8% on cheaper food items
Wholesale Price Index of all commodities at 233.6. New Delhi, Dec 11 The annual Wholesale Price Index-based inflation rose 8 per cent during the week ended November 29, lower than the previous week’s annual rise of 8.40 per cent, ...
SUGAR:
Bitter truths on sugar
Sugar could soon turn bitter for policymakers. In the current fiscal, sugar production is set to decline by over a fifth to about 20-21 million tonnes, following a 20 per cent drop in crop area and a 45 million tonne decline in cane output to ...
SUGAR:
Sugar industry split over raw sugar import norms
Cooperative mills want curbs to go, ISMA opposes it. New Delhi, Dec. 11 The Indian Sugar Mills Association (ISMA) has opposed any relaxations in the existing advance license (AL) scheme allowing duty-free imports of raw sugar linked to white ...
TEA:
Tea prices seen ruling firm on tight supplies
Output may not be enough to meet rise in demand, says ITA paper. The tea prices, showing an upward trend for the past couple of months, will harden further in the coming year, according to a status paper on tea released here on Thursday by the ...
CLIMATE & WEATHER:
Drier winds make further inroads into peninsula
Thiruvananthapuram, Dec. 11 Active northeast monsoon conditions have been confined to south Tamil Nadu with the dry winds from an entrenched anti-cyclone (high-pressure region) fanning into more parts of the peninsula on ...
RUBBER:
Spot rubber prices gain on rains
Kottayam, Dec. 11 Spot rubber continued to rule firm on Thursday. According to observers, incessant rains during the past few days adversely affected tapping and production across the plantations and hence most of the growers were hesitant ...
COMMODITY EXCHANGES:
NMCE resumes rubber futures
Kochi, Dec 11 After the resumption of futures trading in rubber on December 4, NMCE has seen good retail participation and maintains it’s ptposition in rubber. A press release issued here said the NMCE-certified warehouse has ...
COMMODITY MARKETS:
Reliance Money ties up with DBS Vickers
Mumbai, Dec. 11 Reliance Money has signed an agreement with DBS Vickers Securities (Singapore) Pte Ltd, a subsidiary of DBS Bank, to facilitate trading in global commodity exchanges for Indian corporate and other ...
COMMODITY EXCHANGES:
MCX posts record volume in crude
Aided by the volatile crude oil prices, MCX posted a record volume of 16.68 million barrels on Thursday. The total turnover was Rs 1,266 crore. The previous record was of 14.78 million barrels registered on December 2, 2008. Average open interest ...
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