Oil & Oilseeds

Rise in food inflation to 13.39% causes alarm for policy makers on the back of losses in kharif output while government is pinning hopes on increased rabi output. RBI's gold buying has spread positive sentiments and NMCE has now launched a futures aimed at gold retailers

India’s soymeal exports for the first month during 2009-10 oil year, more than doubled to 2.18 lakh tonnes in October as compared to 92424 tonnes of soymeal in same month last year, according to the Soybean Processors Association of India (SOPA).

India’s annual inflation rate for primary articles and fuels remained at minus 6.2 percent, according to Commerce and Industry Ministry.