BONDS, CURRENCIES & COMMODITIES


World coffee production is estimated at 138 million bags in 2011-12 coffee year (October- September), while that for 2012-13 is forecast at a record 148 million bags New Delhi: Global coffee production is expected to rise by 7% to record 148 million bags in 2012-13 coffee year, beginning...

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Moneylife Digital Team 28 June 2012
Coffee World coffee exports declined by nearly 12%, year-on-year (yoy), to 8.77 million bags in April this year, International Coffee Organisation (ICO) has said. For the 12 month period ending April 2012, total coffee shipments were down at 101.99 million bags as against 103.35 million...

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Moneylife Digital Team 28 June 2012
Currently, MCX copper futures are back to the lows it reached in January 2012. As of 7 June 2012, copper futures were quoting at Rs411/kg, which is less than the price at start of the year. Copper prices have been falling due to low demand. Despite the People’s Bank of China cutting borrowing...

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MDT/PTI 27 June 2012
After RBI increased the limit of FII investments in government debt and initiated other steps, SEBI will hold a special auction on 4th July for foreign institutional investors   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) said a special auction of debt...

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Vidur Pendharkar 26 June 2012
There is a strong likelihood of soyabean topping out before end of August 2012 in the price range between Rs3,850 andRs4,100. Thus, it would be prudent to exit longs in soyabean in any further rise even though it’s in a “new high” territory Soyabean close: 3,746 (23/06/2012)

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MDT/PTI 22 June 2012
Kerala government is planning to float Pravasi Development Bonds for attract investments from non-resident Indians for the state's development projects Thiruvananthapuram: Kerala government plans to float Pravasi Development Bonds with a view to attract investments from non-resident...

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While equity markets are rallying on hopes, copper prices, which signifies actual economic expansion, is subdued – even after China’s rate cut. Should equity markets be worried?   Copper is called the metal with PhD because it is the bellwether for economic activity. The metal is widely...

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Moneylife Digital Team 10 May 2012
The government should remove tax deduction at source (TDS) for bonds floated by companies to strengthen the corporate bond market, Confederation of Indian Industry (CII) said. “The debt market plays a pivotal role in emerging economies which require huge amounts of capital and resources to...

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Moneylife Digital Team 08 May 2012
Powerful traders, who indulged in malpractices, neither have any fear of the FMC, nor are they bothered by the fine that can be imposed upon them, which has caused irregulatities of about Rs4,000 crore, the parliamentary panel said Nagpur: A Parliamentary Committee on Food, Consumer...

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Moneylife Digital Team 07 May 2012
Gold jewellers and traders were on 22 days strike from 17th March, demanding roll back in the excise duty. After much deliberation the finance ministry has rolled back excise duty imposed branded and unbranded gold jewellery announced in the union budget. The decision has gone down well...

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Moneylife Digital Team 02 May 2012
According to industry experts, despite additional export for the 2012-13 sugar season beginning October, the industry will start with a carry over stock of over 5 MT India’s sugar production has reached 25.1 million tonne (MT) till April 2012, an increase of around 2.5 MT as compared to...

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Moneylife Digital Team 26 April 2012
To mark the completion of two years of launch of ‘e-Gold’, the National Spot Exchange (NSEL) has extended the facility of physical conversion of e-Gold units to 1gm gold coins. This is in addition to the existing delivery denomination options available in 8gm, 10gm, 100gm and 1kg lots.

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Moneylife Digital Team 11 April 2012
Due to the dip in domestic demand and surplus production, cotton traders want the export ban lifted The government, on Monday, announced that it won’t allow additional cotton exports during the current marketing year, after reviewing the current domestic consumption pattern. However,...

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Moneylife Digital Team 09 April 2012
Assocham, a lobby of multinationals has alleged the manipulation in price and fraud in guar gum is benefiting a few rouge traders while thousands of genuine traders, hedgers, exporters and farmers are losing their money at the commodity exchange Associated Chambers of Commerce and...

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Moneylife Digital Team 05 April 2012
Gold prices fell to its three-month low, on Wednesday, after the latest US FOMC minutes, released on Tuesday showed that the Fed may not resort to further quantitative easing. The ongoing strike by jewellers in India, biggest buyer of physical gold, has also hit gold in the recent weeks

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Moneylife Digital Team 03 April 2012
ISMA says has urged the government to allow a fourth tranche of 1.5 MT sugar export before sugar production from Brazil, the largest producer of sugar, is made available in the international market The total sugar production in the country, as on 31st March stands at around 23.3 million...

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Moneylife Digital Team 23 March 2012
While onion prices could rise from June, experts highlight the urgent need for government intervention to safeguard the interest of the farmers Thanks to record production, onion growing farmers in Maharashtra are reeling under losses due to crashing prices in the wholesale markets....

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Moneylife Digital Team 02 March 2012
If we are able to increase the yield, we would be a self-sufficient nation. Farmers would also continue growing pulses rather than shifting to other remunerative crops,” Bimal Kothari, vice-president, IGPA said The Indian Pulses and Grains Association (IPGA) has sought to increase the...

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