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Sunday, October 12, 2008

PRESS DIGEST - India Commodity News - Oct 13

MUMBAI, Oct 13 (Reuters) - Indian newspapers carried the following stories in their print or Web editions on Monday. Reuters has not verified these stories and does not vouch for their accuracy.


* The commodity markets regulator has asked exchanges for details of steps taken by them to make contracts of delicensed commodities liquid before granting permission to restore trading in them.


* Falling prices of vegetable oil prices is threatening the viability of the federal government's newly launched scheme for subsidised sale of imported RBD palmolein and soybean oil.

* Sugarcane farmers in Uttar Pradesh have demanded that the state government should first declare the price payable by mills for their crop and then issue orders reserving cane area for individual factories.


* Compulsory labelling of genetically modified food in India is likely to be delayed further as the federal health ministry plans to pass on the responsibility of overlooking the process to the newly set up Food Safety and Standards Authority.

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