AGRI-BIZ & COMMODITIES
COMMODITY EXCHANGES
GSPC hopes to start online gas trading by December
ONLINE trading of gas on the National Commodities Exchange is expected to begin by December. According to Mr C.K. Koshy, Managing Director, Gujarat State Petroleum Corporation Ltd (GSPC), the initiative led by GSPC and its subsidiary Gujarat ...
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RICE
`Rice mills must modernise to meet global standards'
AGRICULTURE is incomplete in India without paddy. Being one of the major paddy-growing countries in the world, India has more than one-lakh rice mills. However, there is a feeling in the industry that this important agro-processing area needs ...
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CLIMATE & WEATHER
Monsoon may extend till end of this month
THE three-month-old southwest monsoon, now negotiating the home stretch riding the crest of a Bay-generated system, is expected to run through the whole of September before tapering to a regulation close. Under the influence of a cyclonic ...
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PESTICIDES
Icrisat plans bio-pesticide research group
THE International Crops Research Institute for the Semi-Arid Tropics (Icrisat) proposes to establish a Bio-pesticide Research Consortium (BRC) in collaboration with the private sector. The proposed BRC will enhance the use of bio-pesticides by ...
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PLANTATIONS
UPASI CONFERENCE
Relief packages for tea, coffee on anvil
THE Government is in the process of formulating a comprehensive relief package for the coffee industry and a special package for the tea sector, according to the Union Minister of State for Commerce and Industry, Mr E.V.K.S. Elangovan. The ...
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YSR sees bright future for bio-diesel plantations — Jatropha seeds to be paid Rs 6 per kg
THE industry in Andhra Pradesh had agreed to pay Rs 6 per kg of jatropha seed instead of Rs 5 in an immediate response to the appeal of the Chief Minister, Dr Y.S. Rajasekhara Reddy, to increase the price so that the farmers would be encouraged ...
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RUBBER
Rubber prices maintain steady trend
SPOT rubber prices maintained a steady trend on Tuesday. Major buyers kept off waiting for enhanced arrivals as the tapping is reported to be in full swing. In the futures market. September ruled at Rs 55.41 (Rs 54.70) a kg, October at Rs ...
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TEA
Producers urged to route `best' teas via eAuction
Though trade sources are not willing to comment on the eAuction, the Tea Board Chairman, Mr N.K. Das, noted that `not much' teas were routed through this hi-tech platform in the auctions. Mr Das has, during a visit to the Tea Trade Association ...
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TN gesture to small tea growers
ON behalf of the small tea growers, the Tamil Nadu Government has sanctioned Rs 1.15 crore as a one-time contribution to the Price Stabilisation Fund Scheme . The State Government has pointed out in its GO that the Ministry of Commerce and ...
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GOLD & SILVER
Chinese gold demand set to rise to 600 t
WHILE it is known that China's consumption of gold currently stands at about 200 tonnes and rising purchasing power is generating a strong demand for gold jewellery in all its forms, the demand potential is rated much higher. A report on the ...
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OILSEEDS & EDIBLE OIL
Edible oil imports top 4 lakh t in Aug
BUOYED by seasonal pressure, edible oil imports during August 2004 increased to 4.01 lakh tonnes (lt), up from 2.92 lt of the previous month. According to preliminary import data made available to Business Line by the industry portal ...
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SPICES & CONDIMENTS
Pepper rises as selling pressure eases
AFTER a fall of Rs 400 a quintal last week, pepper prices improved on Tuesday on buying support. Reports of quick-wilt disease in pepper vines in Wayanad district of Kerala and the announcement by the new Chief Minister, Mr Oommen Chandy, that ...
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