The Hindu Business Line : Wednesday, November 12, 2003

Interface with Secy on commodity exchange issues
MR Navin Chawla, Secretary, Department of Consumer Affairs, Ministry of Consumer Affairs, Food and Public Distribution, today met the representatives of the existing and proposed commodity exchanges and also interacted with the Forward Market ... More

MCX formal trading from November 18
MULTI Commodity Exchange of India Ltd (MCX) has commenced live trading following the successful completion of training and mock trading, according to a release. The formal trading launch will take place on November 18. Initially, commencing ... More

FARM CREDIT

SBI cuts rates for priority sector lending
STATE Bank of India has made credit to borrowers in the small-scale and agriculture sectors cheaper by around 25-100 basis points in some segments, effective November 1. Mr A.K. Purwar, Chairman, SBI, told Business Line, post-Credit ... More

RUBBER

Rubber tumbles on rampant panic selling
RUBBER rates tumbled on Tuesday due to panic selling from traders and growers. The steep fall in the world markets hit the domestic sentiments and sheet rubber RSS 4 nosedived to Rs 52 a kg from Rs 54 on Monday. All grades except latex lost as ... More

PRECIOUS METALS

Gold dehedging slows down in third quarter
Following seven consecutive quarterly declines in the delta-adjusted hedge book, the moderate increase represented the first rise in the global book since the third quarter of 2001, London-based Gold Fields Mineral Services Ltd (GFMS) said in its ... More

COFFEE

To insulate price fluctuation — Coffee Board mulls risk coverage scheme
THE Coffee Board expects to launch a risk management instrument for growers early next year so as to insulate them from global price fluctuations, said the Board Chairperson, Ms Lakshmi Venkatachalam, in Bangalore on Tuesday. The tool is being ... More

ICO asks producing nations to raise internal consumption
BOOSTING domestic consumption could help mitigate the current crisis faced by the coffee producing countries, according to Mr Nestor Osorio, Executive Director, International Coffee Organisation. Addressing the Coffee Conference organised ... More

SPICES & CONDIMENTS

Cardamom prices slip on supply glut
CARDAMOM prices continued to witness a downward trend as supply outweighed demand in the major auction centres in Kerala and Tamil Nadu. There has been a sharp fall in the prices of superior grades too. While the 8 mm bold variety that used to ... More

AGRICULTURAL POLICY

Maharashtra charts plan to boost agri production
THE Maharashtra Government has formulated a seven-point plan, `Krishi Saptak', to boost agricultural production in the State, the Agriculture Secretary, Mr J.S. Saharia, said today. Addressing a conference organised jointly by the Confederation ... More

WTO

Sowing a new farm strategy
There is a realisation that the farm sector must gear up to face the challenges and seize the opportunities offered by the WTO regime as also by the advent of new technology. Sharad Joshi looks at what it will take to bring about this kind of metamorphosis in Indian agriculture. More

PEOPLE

Award for Icrisat scientist
HYDERABAD: Dr Jonathan H. Crouch, Biotechnology Global Theme Leader for the International Crops Research Institute for the Semi-Arid Tropics (Icrisat), has won the Promising Young Scientist Award for 2003 from the Consultative Group on ... More

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