Collateral Damage : Commodity Prices To Take A Hit, Thanks To Budget 2011-12
19/04/2011 (Business Today) - If you are a commodity investor invested in iron ore, palm oil or chana alias chickpea, or are planning to put some money in these commodities, it may be worth taking a closer look at the recent budget proposals. Finance Minister Pranab Mukherjee has proposed to hike export duty on iron ore and has also allocated Rs 300 crore each for promoting palm oil and pulses production. Chana being the lone member of the pulses family that is traded on the commodity exchanges will feel the heat.
