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The Chief Minister Mr Mr Digamber Kamat said that all those having ration cards would be able to have the essential commodities including – tur dal, palmolein oil, white peas, green grams, wheat flour, coconut and vegetables. The state government through its civil supplies and agriculture department will be selling these commodities in various government outlets spread across the state. Goa State Horticulture Corporation, a government run body, will be selling these commodit ies through six mobile vans which will travel across the state as per given time table. Mr Kamat said that the government would bear the expenditure beyond the wholesale market prices. The programme is expected to involve 250 tonnes of commodities per month that shall require an amount of Rs 125 lakh. read more

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NASA’s robotic arm gets ready . Amazon Indians from one of the. What do Robert Redford, Clint . Picture an office where no meeting. If Indiana Jones can make a successful. Unauthorized distribution, transmission or republication strictly prohibited. read more

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DGCX on Tuesday launched cash-settled West Texas Intermediate light sweet crude oil and Brent crude oil futures contracts. Indian companies that are trading on MCX and have a subsidiary that trades on DGCX can use the slight price difference in crude oil contracts on the two exchanges, which is created largely by the dollar-rupee exchange rate, to make risk-free profits at the end of day. The launch of both WTI and Brent Crude Oil futures on DGCX makes the world?s two most significant crude oil benchmarks available to both regional and international market participants, allowing them to benefit from trading and clearing transactions under the UAE regulatory and taxation regimes, they added. Each DGCX crude oil futures contract is sized at 1,000 barrels, with the contract price quoted in US dollars and cents per barrel. read more

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SAN FRANCISCO (MarketWatch) — Gold futures closed Tuesday with a loss of almost $18 an ounce, giving back part of last week’s gain of almost 3%, as strength in the U. Gold declined as the dollar extended gains against major rivals Tuesday, building on gains from weak German consumer confidence data earlier. Gold trading in Dubai has witnessed consistent growth over the last six months, up 42% over the fourth quarter of 2007, O’Byrne said, citing data from the Dubai Multi Commodities Centre. Meanwhile, Nadler pointed out in emailed commentary that “recent gold buyers in India were seen at gold shops once again, this time aggressively selling their acquisitions in the wake of rising gold values as the rupee fell. Gold futures close with loss of nearly $18 on dollar strength – MarketWatch Intraday data provided by Interactive Data Real Time Services , a division of Interactive Data Corp. Historical and current end-of-day data provided by Interactive Data Pricing and Reference Data . read more

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Dhaka, Bangladesh (AHN) – The central bank of Bangladesh on Tuesday allowed hedging the price risk of commodities to offset volatility cost of essentials, including petroleum products, in the global market, officials said. The official also said the central bank took the move against the backdrop of price volatility of some essential commodities in the global market to help importers reduce their risks in business. The central bank also allowed commodity options for buying or selling a product at a predetermined price within a specified period of time, they added. License AHN news for your website , business , digital signage network or publication. read more

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Mumbai, May 25 Silver futures on the MCX platform ended higher and jumped up by nearly 6. On the other hand, copper futures reacted at the higher level on continued selling pressure on reports of resumption of mining operations in China. The active silver July contract was traded higher at Rs 25,076 per kg, up by 6. The June crude oil contracts shot up and touched Rs 5,677 per barrel, up by 6. read more

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The rest is a complex mix of factors, from the cost of turning oil into gas to taxes to marketing costs to, sometimes, nothing more than the competitive whims of your local gas station owner. The Gulf Coast is the source of about half the gasoline produced in the United States, and areas farthest from there tend to have higher prices because of the cost of shipping gas via pipeline and tanker truck all over the country. On top of that, rising oil prices have sharply cut profit margins for refining, and that hits the major oil companies _ which both pump oil and refine it for use as gasoline. Higher crude costs also have squeezed profits at the refining arms of companies like ConocoPhillips, which don’t produce enough crude themselves to refine at full capacity without buying more oil from other producers. That’s because wholesale gasoline prices have risen sharply in recent months _ again, blame it on crude _ but station owners have been unable to raise pump prices fast enough to keep pace. read more

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EDINBURGH (Reuters) – Rising commodity prices are likely to spark a price rise in Scotland’s lucrative whisky industry in coming years, the Scotch Whisky Association (SWA) said. Producers are feeling the pinch from soaring international grain, fuel and glass prices, according to SWA spokesman Campbell Evans, but this will take time to feed through to consumers because of the length of the production process. Whisky, once distilled, must mature for years. While a cheap bottle of blended Scotch sells for as little as 10 pounds in British supermarkets, intensely flavoured single malts, often matured for 10 years or longer, can fetch upwards of 200 pounds. It said it has seen the biggest commodity price rises from European natural gas, grains such as wheat, barley and corn, and crude oil. read more

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