Commodity focus

According to Washington-based The Silver Institute (TSI), the average annual silver price zoomed 74% to $35.12/ounce for 2011 from the average annual price of $20.19/ounce in 2010. Silver prices gained last year due to an increase in investment and industrial demand. However, a big factor was also pure speculation fuelled by easy money, thanks to low US interest rates. In India, silver...

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MCX price trends

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Commodity trends

Wheat

The Central agriculture ministry said that farmers have sown wheat on 28.42 million hectare so far in the current rabi (winter crop) season, compared to 28.34 million hectare’s in the corresponding year-ago period. Higher sown acreage has been reported from Madhya Pradesh, Rajasthan, Jharkhand, Chhattisgarh and Bihar. However, acreage for coarse cereals, oilseeds and pulses, has not...

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