Commodities hold steady after reports show drop in consumer confidence, rise in home pricesSeptember 30th, 2009 Commodities little moved amid mixed economic dataNEW YORK — Investors are holding back on making any big bets on commodities amid mixed signals on the economy. Prices for gold and other commodities are little changed after a private group reported a surprising drop in consumer confidence.
Ban futures trading to stem price rise, says CPI-MSeptember 24th, 2009 NEW DELHI - The government must immediately ban futures trading in all essential commodities to control the "relentless rise" in their prices, the Communist Party of India-Marxist (CPI-M) has demanded. "This UPA (United Progressive Alliance) government has completely failed in controlling this price rise," noted the CPI-M mouthpiece "People's Democracy".
Pranab admits to problem on food price frontSeptember 19th, 2009 BANGALORE - Finance Minister Pranab Mukherjee Saturday admitted that the government had a problem on the food price front due to a dichotomy in the wholesale price index (WPI) and the consumer price index (CPI). "On the food price front, we have a problem.
Marxist-Leninst activists stage protest against spiralling prices in West BengalSeptember 3rd, 2009 KOLKATA - Members of the West Bengal state unit of the Communist Party of India (Marxist-Leninist)-Liberation, staged a mass protest against the risen prices of essential commodities here. Over 500 protestors took out a procession holding banners and raising slogans against the State government.
India will import food, if required: Finance MinisterAugust 21st, 2009 NEW DELHI - India will not hesitate to import food as and when the need arises to deal with this year's drought, Finance Minister Pranab Mukherjee said here Friday, adding that stocks of grain with state-run agencies were healthy now. "We will go for imports.
Madhya Pradesh plans to limit stocks of rice, pulsesAugust 21st, 2009 BHOPAL - The Madhya Pradesh government is planning to impose stock limits on pulses, gram, oilseeds and rice to control rising prices, officials said Friday. "The government may soon introduce a pulses control order to start with.
Denmark's exports to India to grow 25 percentAugust 19th, 2009 KOLKATA - Exports from Denmark to India are expected to grow by 25 percent by 2010, a senior Danish diplomat said here Wednesday. "The boost in exports will come from the healthcare, machinery and energy sectors," said Peter Sand, commercial counsellor at the embassy of Denmark, at an interactive session organised by the Confederation of Indian Industry (CII).
Slide in commodity prices accelerates as doubts about economic recovery growJuly 8th, 2009 Commodities slide on doubts about economic reboundNEW YORK — Metals and energy prices are extending their losses amid growing anxiety about the potential for a quick and robust economic recovery. Investors are moving out of risky assets like commodities and stocks and seeking shelter in traditionally safe-haven investments such as the dollar and Treasurys.
Bangaloreans resent fuel price hikeJuly 2nd, 2009 BANGALORE - The residents of Bangalore have expressed widespread resentment over the fuel price hike announced Wednesday which, they feel, would result in increase in prices of other essential products and services. After the hike of petrol prices by Rs.4 per litre and diesel prices by Rs.2 per litre, Bangaloreans now have to shell out Rs.50.66 per litre for petrol and Rs.37.01 per litre for diesel.
Prices for metals, oil, other commodities tumble as World Bank lowers outlook on economyJune 22nd, 2009 Commodities sink on weak economic outlookNEW YORK — Commodity prices suffered deep losses Monday as a gloomier outlook on the economy from the World Bank dampened investors' optimism that the recession will end soon. Prices for everything from silver to oil to corn dropped sharply as investors moved money out of commodities and into safer assets like Treasurys and the dollar after the World Bank said it expects the global economy to shrink by 2.9 percent this year.
Most commodities finish higher as investors look past data suggesting inflation is in checkJune 17th, 2009 Commodities reverse early losses, move higherNEW YORK — Prices for commodities like oil and gold are reversing early losses and moving higher as the dollar comes under more pressure. Most commodities fell in the early going as the Labor Department said consumer prices rose less than expected in May, a signal that the recession is holding down prices and that demand for goods is still sluggish.
Metals, energy prices higher as dollar weakness sends investors in search of inflation hedgeJune 12th, 2009 Gold, other commodities higher as dollar wanesNEW YORK — Most commodities are higher as weakness in the dollar sends investors in search of a shelter from inflation. The dollar is lower against the euro and the British pound amid more evidence that the economy's slide is abating.
Egypt withdraws 25 percent import fee on cotton yarnApril 23rd, 2009 NEW DELHI - Egypt has withdrawn, with effect from April 8, a temporary import fee it imposed on cotton yarn and textiles in a move that would benefit India, one of the leading producers of cotton yarn. Egypt in January 2009 imposed a fee of 25 percent on CIF value (cost, insurance and freight) on cotton yarn and textiles for a period of one year.
India cuts prices of transport, cooking fuelJanuary 27th, 2009 NEW DELHI - India Wednesday allowed its state-run petroleum retail companies to cut the prices of gasoline, diesel and cooking gas. Petrol will now be cheaper by Rs.5 a litre, diesel by Rs.2 and cooking gas by Rs.25 per cylinder.
Hasina overrules minister, revives state sector trading bodyJanuary 19th, 2009 DHAKA - Bangladesh Prime Minister Sheikh Hasina Tuesday ordered the revival of the state sector Trading Corporation of Bangladesh (TCB) in a bid to arrest rising prices of essential commodities, overruling a minister who had said it would not be revived. Commerce Minister, Col.
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