MCX enters into a strategic alliance with Malaysian bourse.
MUMBAI: Multi Commodity Exchange of India (MCX) has entered into a strategic alliance with the Malaysian bourse, Bursa Malaysia. As a part of the MoU, the two exchanges will cross-list each other's commodity derivative contracts. To begin with, MCX will offer the crude palm oil (CPO) futures...

Edible oil prices may dip on higher output.
Byline: Ratna Ganguli KOLKATA: Riding on higher arrival of soyabean in mandis of Indore and Kota, spot soya oil price has dipped marginally to Rs 52 per kg on Friday from the previous close of Rs 52.7 per kg. With crude soya oil price turning...

Trading limit taking market backward.
Byline: Nidhi Nath Srinivas NEW DELHI: Despite the frenzied activity in the markets, commodity brokers are bearing the brunt of a new kind of rationing. They cannot expand their business. After the commodity regulator, Forward Markets Commission, clamped down on punters by imposing trading limits,...

Edible oil exporters' plans go haywire as ban disrupts contracts, inventory.
Byline: Ratna Ganguli KOLKATA: The government may have banned export of vegetable oils with the intention of preventing any further dent in cooking oil supply but the overnight ban, coming into effect from March 17, comes as a rude shock to many exporters who have signed export...

MCX to relaunch crude palm oil contracts today.
Byline: NIDHI SHARMA MUMBAI: The Multi Commodity Exchange (MCX) will relaunch its crude palm oil (CPO) futures contract on Friday. The new contract will be deliverable in Kandla against the earlier contract which was ex-Kakinada. The exchange is launching July, August and September futures contracts. ...

Higher supply of desi vegetable oil helps keep imported oil at bay.
Byline: Nidhi Nath Srinivas NEW DELHI: India today has the world's cheapest cooking oil. Soya oil at Indore currently beats imported palm oil, the world's cheapest energy source. Thanks to more desi vegetable oil extracted from three million tonnes extra oilseeds this summer, Indian consumers can stay...

Govt targets cooking oil import below Rs 45/kg.
Byline: Nidhi Nath Srinivas & G Ganapathy Subramaniam NEW DELHI: The government is targeting a price of Rs 45 per kg for cooking oils in India's wholesale market this festival season. To achieve it, public sector trading companies such as STC and MMTC may each be asked...

Faulty trading-led shortage ignites edible oil prices.
Byline: Nidhi Nath Srinivas NEW DELHI: The country's cooking oil prices are rising sharply again, making the futures ban useless. The trading strategies of the top players in vegetable oils in the absence of a risk management mechanism have led to a shortage that is fuelling the...

Edible oil imports likely to stay flat at 4.8mt.
DELHI: Edible oil imports are likely to remain flat, at around 4.8m tonnes this year, on the back of a bumper oilseeds harvest projection. Global edible oil trade watchers estimate that another two years of a repeat performance in oilseed production and China could easily surpass India as the...

Adani Wilmar eyes Marico brand Sweekar.
Byline: Namrata Singh MUMBAI: Adani Wilmar, the 50:50 joint venture between the Adani group and Wilmar Holdings of Singapore, is said to be exploring the option of acquiring Marico's national refined sunflower oilbrand - Sweekar. According to industry sources, Adani Wilmar has been approached by...