AGRI-BIZ & COMMODITIES
COMMODITY EXCHANGES
Zaveri Commodities launches wire-free futures trading
THE Coimbatore-based Zaveri Commodities, the broker member of Multi Commodity Exchange of India Ltd (MCX), has taken the GPRS (general pocket radio service) connectivity a step further to promote live commodity futures trading among its clientele ...
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FARM CREDIT
Kalam wants banks to double credit flow to farm sector — `Find ways to invest forex reserves profitably'
THE President, Dr A.P.J. Abdul Kalam, has said that banks should explore ways to profitably invest a portion of the $120-billion foreign exchange reserves. Outlining a six-point mission for the banking sector in his inaugural address at BanCon ...
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Nabard sanctions Rs 63 cr for TN
THE National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs 63.35 crore to Tamil Nadu under the Rural Infrastructure Development Fund (RIDF) - X, according to a press release from the bank. The total outlay for the ...
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CULTIVATION
Organic Farming Society at Kottayam
STORAGE
MPEDA to upgrade facilities for seafood processing units
THE Marine Products Export Development Authority (MPEDA) is planning to set up a chain of chilled storage facilities and upgrade fish landing centres in Kerala aimed at improving the basic amenities for marine product exports. "We are seriously ...
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POWER
AP committed to free power to farmers: CM
THE Chief Minister, Dr Y.S. Rajasekhara Reddy, has said that provision of free power to the agricultural sector was not an "election sop" and that his Government is committed to supplying free power to farmers till farming becomes a viable ...
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RUBBER
Rubber improves on short covering
THE absence of quantum sellers helped the prices to improve on Wednesday. The short covering from traders and purchase agents amid low arrivals added gains to the major grades According to growers, overnight rains continued to be heavy all ...
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TEA
No Coonoor tea sales this week
THE Coonoor Tea Trade Association (CTTA) has announced that there would be no auctions this week on account of Diwali. The next auctions styled Sale No: 47 would be held for 10.45 lakh kg of leaf grades on November 18 and 3.75 lakh kg of the ...
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GOLD & SILVER
Gold mining in China promising
THE Chinese gold market is rapidly developing. While domestic gold production has peaked at 200 tonnes a year, demand is expected to reach 600 tonnes a year in the next decade. China has to step up exploitation of its own resources, with or ...
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DAIRY & DAIRY PRODUCTS
Yummy recipe
The scene at a bakery that produces biscuits. Kerala's share in the biscuit market of Rs 4,500 crore is 4 per cent with a total sales turnover of Rs 180 crore. There has been a 12 per cent growth last year ...
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OILSEEDS & EDIBLE OIL
Global vegoil prices set to decline
VEGETABLE oil imports into the country continue at a scorching pace for the third month in a row in the wake of huge demand of the festival season. According to preliminary data made available to Business Line by the industry portal, ...
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AGRICULTURAL POLICY
`Farmers need a better deal'
FARMERS would enthusiastically engage in production of agricultural crops if only they were assured of a minimum guaranteed price for their produce; the Maharashtra Government is in the process of formulating an agri-business policy aimed at ...
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