AGRI-BIZ & COMMODITIES
FARM CREDIT
Eicher, Andhra Bank join hands for farm finance
EICHER Tractors, a unit of Eicher Ltd, has entered into an agreement with Andhra Bank for retail financing of tractors to the farmers. Addressing newspersons here on Thursday, the Eicher Tractors Chief Executive, Mr A. Ramasubramanian, said ...
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RICE
FII cap in Satnam Overseas hiked to 51 per cent
FOREIGN institutional investors (FIIs) and Non-Resident Indians (NRIs) have been allowed to acquire up to 51 per cent holding in Satnam Overseas Ltd (SOL), a leading basmati rice exporter. This is as against the existing 24 per cent permitted ...
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PLANTATIONS
Campco exports 20 t of cocoa butter
CENTRAL Arecanut and Cocoa Marketing and Processing Cooperative Ltd (Campco) exported 20 tonnes of cocoa butter to Rockart Enterprises, Monaco, on Wednesday. A press release said here that the container was shipped to Felixstowe Port in England ...
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RUBBER
Rubber output may top 7 lakh t
THE country's rubber production will grow by a record 10 per cent in the current fiscal to cross seven lakh tonnes, according to a top official of Rubber Board. "We expect a growth of 10 per cent this year. This is a record growth rate for ...
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TECHNICAL ANALYSIS
Spot gold may move higher
GOLD prices finally broke out of the range on the up side and a minor pullback seen with resistances at key levels. The dollar appreciated against the major currencies overnight, even after a bomb was found buried on a French rail line, two ...
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WATER
METSIGNS
Rains in north Kerala, at last
THE Agromet Advisory for the week ending March 24 says summer showers continue to be restricted to the south of Kerala but latest reports reaching here said the northern districts have, in fact, started receiving summer rains, bringing much ...
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Silpaulin sheets launched
KOTTAYAM: A low-cost method of rainwater harvesting using Silpaulin sheets is becoming popular among the farmers in high ranges. Silpaulin is a multi-layered and cross-laminated plastic sheet, which is used for rainwater preservation. ...
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GOLD & SILVER
Gold de-hedging to rise this year
GOLD de-hedging this year could surpass the levels measured in 2003. Based on the maturity ladder for hedge contracts at the end of 2003, and taking into account fresh hedging on one hand and buy back on the other, the latest annual hedge book ...
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METALS
BME seeks higher customs duty on copper tubes
THE Union Government should keep customs duty difference of at least 10 per cent between basic raw materials (copper cathode and wire bar) and the finished products (tubes strip and foils), according to Mr Ashok Bafna, President of the Bombay ...
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JUTE
FMC stops trading at Kolkata jute exchange
THE future of forward and futures trading of jute in the country is precariously positioned and the Forward Markets Commission (FMC) has a crucial role to play. FMC has stopped trading at East India Jute & Hessian Exchange Ltd (EIJHE) from ...
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SPICES & CONDIMENTS
Cardamom prices firm
CARDAMOM prices moved up on short supply at the major auction centres in Kerala and Tamil Nadu. Apprehension of crop failure next season because of the prevailing drought in the growing areas appears to have prompted the traders to buy and ...
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Chilli exports may turn hot
EXPORT of chilli, which has shown a decline during the current fiscal till February, is expected to pick up this month , according to Mr Ramkumar Menon, Chairman, All India Spices Exporters Forum (AISEF). The chilli crop is very good and "we ...
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