About the Blog

We try and give you the latest updates on International trade happening in commodities sector.

News, comments, publications and reviews sorted from the web and print media to give you an edge of information related to India or commodities helping you to gear up for the tasks ahead.

You could also visit our website
for information about the products in detail.
www.bridgesbonds.com

Wednesday, March 3, 2010

Rate Updates

Natural sesame seeds in Indian open market closed between USD $1157-USD $ 1205 per ton.

While, cumin closed between USD $1801-USD $2719 per ton.

Note: These rates are without processing, packing and transportation charges.These rate updates are from APMC,Unjha market in Gujarat.

Le Havre offers several advantages

A delegation comprising of Mr Christian Leroux, President,Mr Herve Cornede, Commercial & Marketing Director, Mr Alain Poussier, Marketing-Asia, Mr Bruno Hamon, Customs Officer and Capt. Ram Iyer, India Agent, Port of Le Havre,France called on the Secretary General, FIEO Mr G P Upadhyaya on Monday, January 18, 2010 in his office. The purpose of the meeting with the Secretary General was to apprise FIEO of the various strengths and competitiveadvantages of Port of Le Havre and its position as the port of first arrival for goods and services in the European Union.

Le Havre is strategically located at the entrance of the English Channel and is the first port of call of the northern range of western Europe for ocean going vessels and thus provides a head lead over its main competitors at Antwerp and Rotterdam, as ships put in there about 24-48 hrs later. It is the largest French port for containerized traffic handling; about 65% of French containerized traffic.The port enjoys an ideal geographic location, especially for the distribution to the great Paris consumption area and the creation of the biggest European logistics hub inorder to gain market shares.The port is well connected to the European hinterland by road, rail,water way and also by short sea feeders to Ireland and north European
ports.

The excellent geographical location of Le Havre and its excellent hinterland connectivity provides its customers cost effective solutions for shipping, warehousing, redistribution of their cargo through Europe.

The friendly face of French Customs at the Port of Le Havre offers a helping hand, and provides free counseling and solutions to enable and ensure economic rationale for business competitiveness. All the relevant details are available at the French Customs website www.douane.gouv.fr.

Tuesday, March 2, 2010

Daily rate update

Natural sesame seeds in Indian open market closed between USD $1065-USD $1207 per ton.

While cumin closed between USD $1730-USD $2527 per ton.

Note: These rates are without processing, packing and transportation charges.These rate updates are from APMC,Unjha market in Gujarat.

Trading in commodities futures rises

New Delhi: After falling for two years, futures trading in agri-commodities recovered in 2009 and grew by 48 per cent at Rs 10.88 lakh crore over the previous year on the back of the government lifting ban on five farm items, the Economic Survey said on Thursday.

"Agriculture commodity futures staged a remarkable recovery after steady decline over the last two years," the pre-budget statement on the health of the economy said. The turnover from agri-futures alone rose by 48 per cent to Rs 10.88 lakh crore in 2009 from Rs 5.22 lakh crore in the previous year, it said. The survey noted that the year 2009 started on an optimistic note as the government removed the suspension on futures trading in chana, soy oil, rubber and potato in December 2008, while the ban on wheat was lifted in May 2009.

The suspension on sugar futures, however, will remain till September this year, it added. According to the survey, total value of trade in the commodities futures market rose to Rs 70.90 lakh crore in 2009 from Rs 50.34 lakh crore in 2008. The Multi Commodity Exchange (MCX) recorded the highest turnover of Rs 59.56 lakh crore in 2009, followed by NCDEX at 8.05 lakh crore and NMCE at 1.95 lakh crore, it said.
Farm commodities, bullion and energy accounted for a large share of the items traded in the commodities futures market last year.

Currently, there are four national level and 19 regional commodity exchanges in the country.