Harvest season fails to bring down prices.
Byline: Nidhi Sharma MUMBAI: Despite the ongoing harvest season the prices of most of the commodities that include pulses, edible oil seeds, rice are on high side against last year with overall bullish trend globally, a good demand and export obligations. While the soyabean prices...

Inflation <i>hatao</i>, growth <i>badhao</i>, Govt <i>bachao</i>.
Byline: Swaminathan S Anklesaria Aiyar NEW DELHI: Inflation hatao, growth badhao, Congress bachao. Finance minister P Chidambaram has tried to promote these three goals in his budget, but failed to fully achieve any of them. His cuts in customs and excise duty will help a bit in...

Govt weighs palm oil duty cut to control local prices.
Byline: Prabha Jagannathan & Subhash Narayan NEW DELHI: The Centre is planning to review import duty on palm oil to prevent volatility in the domestic market for edible oils. Steep reduction in prices of edible oils would hurt the interest of farmers while spiral in the price...

Agri Futures: Govt keeps ordinance route open.
Byline: Rajeev Jayaswal & Prabha Jagannathan NEW DELHI: The government was forced to seriously consider promulgation of an ordinance in end June to push through key reforms in the Rs 11,32,000-crore commodity markets. This followed apprehensions that the planned reforms could face strong opposition from...

Big cos may get more room in futures.
Byline: Nidhi Nath Srinivas NEW DELHI: In a bid to grapple with the new low trading limits, commodity exchanges are now offering large companies hedger status. That would allow the big corporates to take larger positions for protecting their physical market exposure in energy, metals, bullion, and...

Edible oil gains as demand rise.
NEW DELHI: The heated food versus fuel debate may soon see end of Round One. Right now, soya oil and palm oil are both firmly food. Whether a crop is used for filling stomachs or fuel tanks depends on who is able to pay more. From the look of...

Wheat, oils & pulses likely to get cheaper in a global village.
Byline: Nidhi Nath Srinivas NEW DELHI: For India, the crash in global commodity prices comes as an answer to a prayer. Import of wheat, cooking oil and pulses are now likely to be cheaper as speculators and large funds exit positions in New York and Chicago over...

Breather for govt as inflation down to 7.14%.
NEW DELHI: Giving UPA some relief, the wholesale price index-based inflation rate on Thursday inched down to 7.14% from last week's four-year peak of 7.41% after the government last week took several fiscal steps to rein in rising food prices. Reeling under concerted attack from the Opposition...

Gasoline and corn prices are linked.
The prices of corn and vegetable oils have become linked to the cost of petroleum through biofuels, according to HighQuest Partners, Topsfield, Mass., a strategic advisory and management consulting firm. Traditional thinking is that the increased price of corn is a result of a number of complex...

Go for a second helping, food's getting cheaper.
Byline: Nidhi Nath Srinivas NEW DELHI: After a year of eating at exorbitant rates, food is becoming more affordable. The anticipated global slowdown and bumper crops are pushing down food prices significantly, with grains, fruits and edible oils now much cheaper. By next...