BEIJING Asian Metal 24 Aug 12 – Prices for Indonesian thermal coal keep stable with prices for Indonesian 5,500cal coking coal at USD72-73t FOB and at USD83t CIF Guangzhou, unchanged since previous days.
On Sat, Aug 25, 2012 at 3:38 PM, Deepankar Dutta <[email protected]>wrote: > *New Delhi:* To control rising wheat prices, the country's second biggest > commodity bourse NCDEX has hiked deposit money to 23 per cent from today > onwards for traders keen to buy the grain from the exchanges' platform. > > The deposit money (margin) has been increased to 23 per cent from 13 per > cent for wheat traders. > > The margin is a minimum percentage of money that traders are required to > deposit with the exchange to trade in the commodity future. > > Following direction from the sector regulator FMC, the NCDEX said in a > circular that it has decided to charge 10 per cent as special margin on > buyers in all running and yet to be launched contracts of wheat with effect > from today. > > The deposit money has been increased to check speculators and price rise, > commodity brokerage firm GRG Wealth Management analyst Chowda Reddy said. > Wheat prices at the NCDEX have risen by 38 per cent since June on > apprehension that wheat crop may get affected due to poor rains, especially > in Punjab and Haryana, he said. > > The September contract of wheat had hit its all time high at Rs 1,612 per > quintal yesterday on the exchange platform. Currently, prices are ruling > down at Rs 1,570 per quintal due to an increase in the deposit money. > Last year, the country harvested a record wheat production of 93.90 > million tonnes. Due to bumper crop, the government has allowed export of > the grain. > > > > -- CA. Rajesh Desai -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
