AGRI-BIZ & COMMODITIES
COMMODITY EXCHANGES
NMCE slashes transaction charges
THE National Multi Commodity Exchange (NMCE) has slashed the transaction charges substantially to Rs 6 per lakh. With effect from January 1, the transaction charges for members having the turnover of over Rs 50 crore will be charged at Rs 6 ...
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CONTRACT FARMING
'Govt will introduce contract farming'
THE Union Minister for Agriculture, Mr Rajnath Singh, has said that the Government was committed to introducing contract farming in the country. He also said that seed production would be brought under the crop insurance scheme before the next ...
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Prime Bio targets 1 lakh acres under contract farming
PRIME Bio Products (India) Ltd targets to sign up farmers to cover one-lakh acres under contract farming within the next four years. While identifying potential tracts for expanding the contract cultivation concept, the company has managed ...
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FLORICULTURE
Delicate scene
A worker inspecting orchids in a farm at Chittilappally in Kunnamkulam. Due to lack of marketing network, sale of flowers has become a problem for growers in the State. Some of the flowers are sent to Bangalore for export and the rest sold ...
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RUBBER
Spot rubber steady
THE spot rubber market remained steady on Monday as growers and traders were reluctant to sell rubber at lower levels. Sheet rubber RSS 4 closed at Rs 51.50 as on Saturday. According to market sources, the ease in selling pressure might help ...
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SUGAR
ISMA urges Govt to foot cane subsidy bill
THE Indian Sugar Mills Association (ISMA) has urged the Centre to provide a direct grant of Rs 7.50 per quintal to sugarcane growers for the cane supplied by them to factories during the current 2003-04 crushing season (October-September). "The ...
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TEA
Prices down at Coonoor tea sales
THE second tea auctions this year failed to cheer the market here with 60 per cent of the offerings being withdrawn and prices falling up to Rs 10 a kg in some cases. "It was clearly a quality tea market. Buyers paid high prices and picked up ...
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CO-OPERATIVES
Stop preparing development plans for villages: Kurien
FIFTY years of growth and development in the country have not been adequate, according to Dr Verghese Kurien, the author of the White Revolution in the country and the architect of Operation Flood. Holding the Government and the bureaucracy ...
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