Trading briefs

November 27, 2007 By:

MERRIL Lynch and Citigroup have been given permission by the ForwardMarkets Commission (FMC) to acquire a 5% stake each in the Multi Commodity Exchange of India (MCX). The aggregate 10% stake was purchased from Financial Technologies (India) Ltd (FTIL), which plans to invest the proceeds in the National Spot Exchange and National Bulk Handling Corporation. […]

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Low arrivals keep Indias cardamom high

November 26, 2007 By:

INDIAN cardamom prices have continued their steady upward swing, with the average price remaining above Rs400 ($10.15) a kg. For the first time in recent years, the average price at the last auction held in Kumily by the Cardamom Processing and Marketing Company (CPMC) went up to Rs463 a kg. It had been Rs443 a […]

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