AGRI-BIZ & COMMODITIES
COMMODITY EXCHANGES
Record volume on NCDEX
The shares and volume of various commodities are as follows: Guar seed Rs 1,250 crore (47.8 per cent); silver Rs 790 crore (30 per cent); gold Rs 131 crore (5 per cent); soyabean Rs 79 crore (3 per cent); chana Rs 76 crore (3 per cent), urad Rs ...
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RICE
MCX launches futures trading in basmati
THE Multi-Commodity Exchange of India (MCX) on Thursday launched basmati rice futures trading. Mr Ekanath K. Thakur, MP (Rajya Sabha) and President, Maharashtra Chamber of Commerce & Industry, put the first symbolic trade in basmati rice ...
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INSIGHT
Issues patently questionable
IN LESS than two months, India will be obliged to do the follow-up on the WTO-mandated product patent stipulations, and the Commerce Minister, Mr Kamal Nath, made a strident statement: "Our patent law is currently fully ...
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COMMODITIES
Commodity price info on Reliance mobiles
RELIANCE Infocomm is now getting into value-added services targeting farmers, commodity traders and cooperatives by providing commodity prices on its mobile service. The company has tied up with National Commodity & Derivatives Exchange Ltd ...
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ENVIRONMENT
US scientists link coastal farming with harmful algae
RESEARCHERS in the US have found the first direct evidence linking large-scale coastal farming to massive blooms of marine algae that are potentially harmful to ocean life and fisheries. This more or less corroborates the finding by scientists ...
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Kerala bans use of endosulfan
THIRUVANANTHAPURAM: The Kerala State Pollution Control Board has banned the use of Endosulfan in the State. An official spokesman said here that the Board had taken the decision by invoking the powers to take action against those who ...
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RUBBER
Buying props up rubber prices
All-round buying from covering groups and North Indian kept the prices firm throughout the session. Arrivals declined as growers turned slightly bullish towards the weekend, while the world markets also appeared favourable. Purchases from the ...
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TECHNICAL ANALYSIS
Spot gold may move up again
SPOT gold prices finally corrected lower and when it did, it caught the markets by surprise as stops were triggered on the break of some crucial support levels. Markets had been expecting a correction after seeing new highs almost daily in the ...
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COTTON
`Surfeit of cottonseed varieties baffling growers'
WHILE attempts are on to reduce the multiplicity of varieties in cotton, as many as 520 new cotton hybrids have crept into the market place in the last one-year. An industry source told Business Line that 73 seed producing companies in ...
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Powerloom weavers seek lowering customs duty on raw cotton
THE Powerloom Development and Export Promotion Council (PDEXCIL), the facilitation body for the decentralised powerloom weavers, has asked the Finance Ministry to lower the customs duty levels on raw cotton and cotton yarn to ensure that the ...
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SILK
Ryots told to take up sericulture
MADURAI: A seminar on sericulture held at Thanjavur has exhorted farmers to take up activities like sericulture and animal husbandry to improve their lot.Inaugurating the seminar, District Collector, Dr J. Radhakrishnan said that ...
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POULTRY
Shell egg producers on stable ground
THE tight supply-demand position and perceived increase in local consumption have enabled Tamil Nadu's shell egg producers weather price pressures, unlike their counterparts in the broiler segment who continue to wilt under production glut ...
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SPICES & CONDIMENTS
Govt has to work out end-to-end solutions on pepper issue
FALLING pepper prices have been a cause of concern to growers and policymakers in Kerala for more than a year now. The common refrain has been that unfettered import from Sri Lanka has caused domestic prices to weaken. There have also been ...
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Cardamom stays firm on export buying
CARDAMOM prices maintained an upward trend on marginal buying support at various auctions centres in Kerala and Tamil Nadu. Export buying has shown a rise ever since the Spices Board extended airfreight assistance to exporters for purchases ...
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MARKETING
Markfed plans entry into Gujarat, Maharashtra
THE Punjab State Co-operative Supply & Marketing Federation Ltd (Markfed), is entering Maharashtra and Gujarat market in a big way, by expanding its market reach beyond Delhi, northern region. Markfed (Punjab) is a marketing federation of over .
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