BOOE seeks rationalisation of I-T rules to boost commodity futures In its ongoing efforts to lure players, speculators and the resultant volumes, the BOOE has approached the government to rationalise the income tax rules that prevent offsetting of losses incurred in the futures market. Coarse cereal producers demand removal of import duties A farmers' association has demanded the removal of import duties on the coarse cereals to stabilise their price. New global oil benchmark to be created -- OPEC chief OPEC president Ali Rodriguez said that the exporters' cartel has agreed to create a new global oil benchmark, to challenge speculation on futures markets, which he claimed was responsible for distorting prices. Decision on minimum support price for copra triggers spate of heated argument Domestic demand for steel shows 17% rise; exports fall New cotton season opens a can of price worms Imported Malaysian palmoil finds no takers Briefing
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