MCX launches future trading in kapas.
KOLKATA: Multi-Commodity Exchange of India (MCX) has launched futures trading in kapas (raw cotton or seed cotton) for April 2007 contracts. Trading will be offered for the fair average quality of `Kalyan' and V-797 varieties of kapas, produced largely in Gujarat. Complying with guidelines of the Forward...

FICE gets nod to set up national exchange.
Byline: Arindam Saha MUMBAI: Federation of Indian Commodity Exchanges (FICE) has got a provitional permission from the commodity market regulator Forward Markets Commission (FMC) to start a national level commodity exchange. FMC's permission has been given on the premise that a technology partner will also...

Mkts open weak, Sensex down 10 pts at 12,266.
The markets broke from the strong rally seen until the end of the session on Thursday, and on Friday, the participants resorted to profit-booking with the banking. The markets opened weak, but pulled back in the green to slip in the red again. At 10.55 am, the BSE Sensex...

NCDEX charts roadmap to beef up farmer's returns.
Byline: Atmadip Ray KOLKATA: The commodity markets may soon enter into the next stage of reform. Farmers, who have now no choice but to to sell their produce in mandis, may soon be free to sell foodgrains anywhere they want to through commodity exchanges.The National Commodity &...

FMC may lift ban on evening trading in futures market.
Byline: Arindam Saha MUMBAI: The commodity market regulator , Forward Markets Commission (FMC), is reviewing the ban on evening trading in the futures market. The impact of the ban on agricultural commodities trading in the evening sessions will be reviewed on July 4. The FMC...

Textile stocks fail to weave magic.
Byline: Gaurav Pai and Nevin John MUMBAI: With the stock market rebounding over the last month, investors have once again started scouring for undervalued stocks and sectors that could well turn out to be tomorrow's winners. But buyers do not see textile stocks as a good bargain...

India makes hay while commodity market booms.
Byline: Nidhi Nath Srinivas NEW DELHI: So how much more is India earning from the global commodity boom? If you add up just metals, minerals and farm produce exported last year, it totals a neat Rs 25,000 crore in extra income. Add the creamy layer contributed by...

Cold comfort: Coffee growers want frost in Brazil.
Byline: Arindam Saha MUMBAI: Domestic coffee growers are praying for a frost in Brazil. Several of them are stockpiling coffee to make a killing, perhaps later in the year, on the back of an anticipated shortfall in the international market. The production of Arabica coffee...

Tea, coffee prices may not rise due to supply glut.
Byline: Nidhi Nath Srinivas NEW DELHI: One reason for the drop in prices of food is that higher economic growth doesn't translate immediately into people eating more. For instance, the prices of wheat, maize and cocoa have declined over the years. "Excess supply characterises the...

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...