Commodity News

VW, Maruti eye joint development

VW, Maruti eye joint development

German car major Volkswagen Joerg Mueller told TOI that the companies were trying to thrash out areas where partnership and joint strategies could be worked out for Indian market while the company is in advanced stages of negotiations with Maruti Suzuki for joint engagements on a number of areas, which are still evolving, and these talks would formalized in a few months.

Kapas Futures on Indian Commodity Exchange saw a Sharp Fall

Kapas Futures on Indian Commodity Exchange saw a Sharp Fall

It is said that during yesterday's session on account of Government's restriction on cotton exports, Kapas futures on Indian commodity exchange observed a sharp fall.

The dynamic April 2010 deal made a low of 595.40 and settled at Rs. 600.80 per mound, with a negative change of 2.12%.

Kapas futures are likely to uphold its pessimistic trend during the day on Government's verdict to defer registration of cotton exports till more notice to sustain textile industry.

Future of India Jeera Ends Weak

Future of India Jeera Ends WeakIt has been reported that the futures of the India Jeera has ended weak and the reason was pointed to the fact that the demand from the jaded spot demand had done quite a job at bringing the prices down.

Although the weather has tremendously improved from its previously bad state which was prevailing in the past weeks and even though the necessary stocks were available, the prices are expected to be weak as there was not sufficient physical demand for the commodity.

No Reduction Seen in Food Prices for Some Time to Come - Finance Ministry

No Reduction Seen in Food Prices for Some Time to Come - Finance MinistryAs per beliefs shared by the Finance Ministry in its mid-term review, food prices are not likely to come down anytime soon, especially since the Government is now expecting the supply-side restrictions to continue over the short-term on the back of a decline in summer farm output because of poor monsoon and floods in some parts of the country.

SEA expects 27% rise in edible oil imports

Solvent Extractors Association Solvent Extractors Association (SEA) announced that India's edible oil imports are expected to touch the 8 million tonne mark, up by 27%, as compared to 6.3 million tonnes in the same period of current year.

The oil year runs from October to September.