PRESS DIGEST - India Commodity News - Oct 1

MUMBAI Oct 1 (Reuters) - Indian newspapers carried the following stories in their print or Web editions on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.

THE ECONOMIC TIMES (www.economictimes.com)

* Co-operative major NAFED has cut the export price for onion by $20 a tonne to an average $230-$235 with effect from Oct 1 to boost exports and check the falling domestic prices.

BUSINESS STANDARD (www.businessstandard.com)

* Steel prices, which have fallen 20-25 percent in the last few months, are expected to drop $100-$150 a tonne due to falling demand for steel in the west and on lack of signs of recovery in user industries like housing, auto and durables.

* The participation of aggregators, those who hedge on behalf of a group of farmers, is uncertain now as the National Commodity & Derivatives Exchange has sought government guarantee that there will be no suspension of commodity futures under aggregation.

* Two weeks after the federal food ministry made open market sale of 909,000 tonnes of wheat operational, state government's have not started purchasing, despite the onset of the festive season.

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(Compiled by Nandita Bose; Editing by Prem Udayabhanu)