13 Jun 08 India likely to Import Sugar from Brazil
India is likely to import sugar from Brazil, as the domestic production of sugar in India has gone down drastically this year. Following the global slump in sugar prices, many Indian farmers who normally cultivate sugracane have now shifted to cultivating other crops in their fields. In the global market, the prices of sugar have slumped by over 15% in the past one month alone giving it the honour of being in the list of top 3 worst performers, in June 2008, among the various commodities present in the UBS Bloomberg Constant Maturity Commodity Price Index.
India is the second largest sugar producer in the world, next only to Brazil. It is also one of the largest consumers of sugar. With the slump in domestic production, India might soon start importing sugar from Brazil once again after a period of four years. Brazilian sugar is arguably the best in the world when it comes to quality. Infact, there are over 40 different Sugar Types available in Brazil.
03 Dec 07 MCX gold futures falls below 10000 mark
The December MCX 10 grams Gold Futures fell below the psychological 10,000 barrier in mid day trading today. Heavy profit booking has got gold prices plunging in the past few trading sessions. Gold prices are said to be directly corelated with that of Crude Oil. Crude Oil after crossing the $100 barrier has fallen sharply back to $80 levels. This has caused Gold prices to fall as well. Gold prices and the strength of the US dollar, in the coming few days are likely to determine the course of Gold Futures.
23 May 07 Indusind Bank to sell “Suvarna Mudra” gold coins
Indusind Bank has informed the Indian stock exchanges that it will be selling its “Suvarna Mudra” range of gold coins in Sikkim. The sale of gold coins was inaugurated by His excellency, Shri V Rama Rao, the Governor of Sikkim. Banks usually sell gold coins at a very high premium to the existing market price of gold. It is better to buy gold through the commodity market or through the jewellery shop.
10 Apr 07 Nymex crude bounces to $62
Crude Oil prices bounced back slightly on Tuesday, as Asian traders reacted to a slide the day before pulling prices down by $3. Light, sweet crude for May delivery rose 30 cents to $61.81 in mid-morning Asian electronic trading on the New York Mercantile Exchange.
