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Drumbeat: Ad Buzzaar
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Monday, May 25, 1998
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National Stock Exchange set to flag off retail debt market segment in July
The National Stock Exchange (NSE) is set to kick off its retail debt market (RDM) segment in July. The segment will provide for a retail debt window where small lots of corporate debt paper would be available for the investors to trade in. The quotes of retail segment would be displayed and transacted on the equity screen itself.
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Sangli exchange on verge of closure
Forty-two years after incorporation, the Sangli Spices and Oilseeds Exchange in Maharashtra is staring at the prospects of closure, thanks to fear, mistrust, infighting and the growing lack of interest among traders in futures. All this has landed the exchange, which trades turmeric futures, in a mess.
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No need for panic on edible oil prices at this point
The behaviour of vegetable oil prices in India during the current oil year (November-October) has, to a large extent, been conditioned by international factors although our dependence on imports does not exceed 13-15% of the gross yearly demand. Whereas our annual requirement of edible oils is estimated at 7.2 million tonnes on the assumption of a per capita consumption of eight kg, domestic production of various edible oils adds up to roughly 6.2 million tonnes, leaving a shortfall of about one million tonnes.
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Tea exports dip as orders shrink
Belying expectations of the Tea Board, tea exports may go below the 200 million kilogram mark for the year 1998. The demand from Russia seems to be the only hope to improve the grim scenario this year. The producers lobby, however, is not much perturbed as higher production levels will enable them to address the huge consumption needs of the Indian tea consumers.
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Silver price-slump termed as a correction
The party appears to be over with silver losing its glitter in an easing market globally. Prices dipped a low of $5.24 an ounce recently as against the nine-year high of $7.67 a couple of months ago. The domestic market has also reacted and moved in tandem with the global trend. The silver prices at home is now Rs 7,600 per kg.
ICMF seeks rationalisation of levy
Clothing, one of the basic necessities of life, is attracting more duties than some luxury consumer durables, electronic gadgets, cigarettes etc. While polyester and blended fabrics have become items of mass consumption, the government still treats these textiles as luxury items and levies high duties which need to be lowered, says MP Gajaria, secretary general of Indian Cotton Mills Federation (ICMF).
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 Drop in Gautemala cardamom output to hit world market
Coconut oil remains range-bound
Spot pepper up; futures steady
Tamil Nadu sugar crashes, market mixed over price trend reversal
"Cultivated wild crops, fruits need protection"
"Durum wheat holds good export potential"
PM's assurance props up rubber
Commodity Briefing
Chemical markets display sluggish trend
Commodity markets to play a vital role globally
Textile imports from Nepal, Bangladesh soar
Desi cotton once again farmers' favourite
HR coil prices fall in Calcutta, steady in Delhi
Greener pastures await Indian Aluminium
Metal industry seeks lower duties on raw material imports
Commodity Briefing
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