AGRI-BIZ & COMMODITIES
COMMODITY EXCHANGES
MCX introduces `Bandhani' futures for guar seed
Bandhani futures is one where a ceiling and floor price is fixed for a contract based on weighted average of the contract price after the first day of trading.
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NCDEX changes default penalty norms
NATIONAL Commodity and Derivatives Exchange Ltd (NCDEX) has made some changes in penalty and other charges for defaults in delivery relating to futures contracts in castor seed, guar seed and guar gum. In a circular to its trading and clearing ...
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RICE
No takers
Paddy harvesting is in final stages in Chittoor taluk of Palakkad district. A large quantity of paddy harvested recently in this area remains unsold as the cooperative societies are not procuring it. As a result, the farmers are selling them to ...
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CLIMATE & WEATHER
Sparse rains, evenly spread
RAINFALL has been sparse but spatially distributed in Kerala during the four days ended September 19. Rain occurred at many places in the State on September 16 and at a few places on September 17, 18 and 19, according to the Agromet Bulletin ...
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CULTIVATION
Haryana decides to undertake marketing of medicinal plants
THE Chief Minister of Haryana, Mr Om Prakash Chautala, on Monday said that the Government would undertake the marketing of medicinal plants as part of its drive to promote their cultivation under the diversification programme. Presiding over ...
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AWARDS & HONOURS
Chandy's advice to farmers
THIRUVANANTHAPURAM: The Chief Minister, Mr Oomen Chandy, has exhorted farmers to brace themselves for a fight to survive in an era of progressive globalisation and liberalisation. Addressing an audience after giving away the State ...
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RUBBER
Spot rubber prices firm up
SPOT rubber prices firmed up on Monday. The covering groups and purchase agents were active as rumours about the shortage of rubber spread the market. Scattered rainfall reported from the plantations areas does not seem to influence the price ...
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Rubber dealers urge Kerala to reduce sales tax
THE Indian Rubber Dealers Federation has urged the Kerala Government to reduce the existing purchase tax from 12.65 per cent to 6 per cent. The federation, which made the plea during its 14th annual conference, said the purchase tax in Kerala ...
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SUGAR
World cereals output seen increasing
GLOBAL sugar prices are expected to stay firm with production trailing consumption by about two million tonnes during 2003-04. The Food and Agriculture Organisation (FAO), in its latest Food Outlook estimated world sugar production at ...
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TEA
Prices look up at Coonoor sales
A REVIVAL trend in the market was noticed this weekend when an increased volume of 13.9 lakh kg was offered for sale at the auctions conducted by the Coonoor Tea Trade Association (CTTA) here. In general, process rose by Rs 2 a kg. The ...
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GOLD & SILVER
Gold may decline towards year-end
GOLD price forecast has always been a tricky affair. Not surprisingly, the bullish price forecast made by the reputed precious metals consultancy, GFMS Ltd, has evoked contrarian views from experts. In its latest Gold Survey update ...
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FOODGRAINS
Kharif foodgrain output estimates lower
ERRATIC monsoons have taken their toll, with the Government on Monday estimating the country's production of kharif foodgrains during 2004-05 at 100.29 million tonnes (mt), against last year's corresponding level of 112. 04 mt. While output of ...
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SPICES & CONDIMENTS
Spices exports rise by Rs 230 cr in April-August
SPICES export increased substantially, both in terms of volume and value, during the first five months of the current fiscal with coriander crossing the target set for the current fiscal. Exports of chilli and turmeric have touched around 80 per ...
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AGRICULTURAL POLICY
Raw sugar imports under advance licence scheme — Govt may have to relax export obligations
Two years from now, stocks may be barely sufficient to meet domestic demand.
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NATURAL CALAMITIES
Ryots' welfare panel chief favours slabs for free power
THE Chairperson of the Commission for Farmers' Welfare, set up by the Andhra Pradesh Government to look into the Agrarian crisis and the suicide of farmers, Ms Jayati Ghosh, has favoured a slab system for extending free power supply. This ...
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