Wardrobe malfunction splits textile hopes.
If you were waiting for an announcement from the finance minister before splurging on your summer wardrobe, sorry - the Union Budget will not impact your shopping budget. With practically no significant announcements for the garments and textile sector, things remain as constant as P Chidambaram's crisp...

Betting Big: Index funds quadruple farm futures investment in 2 years.
Byline: Nidhi Nath Srinivas NEW DELHI: Large index fund traders are scaling back the cash they have parked in wheat, corn and soyabeans on Chicago and New York trading pits. After buying agricultural commodities worth a record $70 billion in February, the mammoth speculators pulled out $10...

ICE Announces January 19 Launch Date for Electronic Trading of NYBOT Soft Commodities; Merger Expected to Close by Mid-January.
ATLANTA, Jan. 4 /PRNewswire-FirstCall/ -- IntercontinentalExchange , the leading electronic energy marketplace, announced that it expects to close on its planned merger with the New York Board of Trade(R) (NYBOT(R)), the leading soft commodity exchange, in mid-January and launch side-by-side trading of the NYBOT's benchmark agricultural commodities on ICE's...

Cotton hit by demand dip.
Byline: NIDHI SHARMA MUMBAI : Firm international cotton prices have provided support to the domestic market, with spot prices of Shanker 6 variety increasing from Rs 18,500 per candy to Rs 20,500 levels in a month. Good weather and expectations are likely to bring down prices. ...

Introduction of Electronic Markets for NYBOT Softs Extended Additional Week to February 2.
New Start Date to Provide NYBOT Participants and Quote Vendors Additional Time to Meet Connectivity, Staffing and Training Needs ATLANTA, Jan. 24 /PRNewswire-FirstCall/ -- IntercontinentalExchange , the leading electronic energy marketplace and soft commodities exchange, will extend the start date of side-by-side trading at its New York...

Row over statue at Vereshwar Circle.
GADAG: The Vereshwar Library Circle on the Gadag Cotton Market Road, is making headlines in the local media over the installation of a statue. It was at Vereshwar Library Circle, in 1983, that Rajiv Gandhi along with Buta Singh, had come to Gadag to canvass in the...

Now, evening trade in farm futures likely.
Byline: Prabhakar Sinha & Sidhartha NEW DELHI: You could soon get to trade in the commodity futures market after office hours with the Forward Markets Commission considering a proposal to permit trading up to 11.55 PM in half-a-dozen farm products. Sources said, the regulator has...

Delist illiquid contracts as last resort: Khatua.
Byline: NIDHI SHARMA MUMBAI: Forward Markets Commission new chairman B C Khatua favours reviving illiquid futures contracts on the commodity exchanges. According to him, these contracts should be delisted only if measures to activate them fail. This comes against the backdrop of a recent debate...

Giant traders' interest in essential commodities may send prices soaring.
Byline: Nidhi Nath Srinivas NEW DELHI: Giant index funds and swap dealers are looming so large over the international markets for food, beverages and fibre that the US government has begun disclosing their trading positions separately to other market players every week. This move confirms...

Commodity trading set to expand.
Byline: Prabhakar Sinha NEW DELHI: After futures trading in commodities, it's now going to be spot trading, which is expected to start from September 2007 in Gujarat and other select states. The move might revolutionise trading in foodgrains and commodities like pulses, oil seeds and metals since...