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Thursday, April 07, 2005

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AGRI-BIZ & COMMODITIES

COMMODITY EXCHANGES


To hedge risks on co-related products — Corporates likely to take part in crude futures
MULTI Commodity Exchange (MCX) of India Ltd, yet to gain the confidence of the big oil companies, is expecting corporates of diverse industry backgrounds to participate in crude futures so as to hedge the risk involved in procuring commodities ... More

Commodities meet to discuss outlook
FOR the first time after the launch of three nationwide multi-commodity exchanges trading online, a seminar to comprehensively discuss the outlook for major exchange traded commodities will be held in Mumbai during April 15-16. In the last 15 ... More

FARM CREDIT


Banks to disburse Rs 8,019 cr to farm sector in Kerala
THE commercial banks will disburse Rs 19,336 crore to the priority sector in Kerala in 2005-06. Out of this, the disbursement to the agriculture sector will be to the tune of Rs 8,019 crore, according to the annual action plan launched at the ... More

AQUACULTURE


Re-opening of I-T assessments — Seafood industry threatens to suspend purchase, production
THE Seafood Exporters Association of India (SEAI) on Wednesday said the industry would suspend purchase and production on April 11 before going on an indefinite strike unless the income tax authorities stop proceedings to re-open assessments ... More

RUBBER


Rubber prices rule steady
RUBBER prices were quoted steady on Wednesday. Against expectations, there was no increased selling pressure from traders or growers though the signals from the overseas markets were not favourable. The buyers appeared indefinitely waiting for ... More

SUGAR


Rethink on duty-free raw sugar imports
WITH domestic sugar output set to recover in the ensuing 2005-06 crushing season (October-September), the Government is having "second thoughts" over continuing with the existing concessions on duty-free imports of raw sugar under the advance ... More

INDUSTRY ASSOCIATIONS


New apex body for farmers to become a reality shortly
A NATIONALLY constructed Indian farmers' alliance comprising representative bodies covering virtually all agricultural commodities with economic value is expected to become a reality by the end of the month. The apex organisation, which is ... More

AGRICULTURAL INSTITUTIONS


Nabard sees borrowings at Rs 14,000 cr
NABARD is targeting disbursement of Rs 9,000 crore in investment credit and Rs 12,000 crore in production credit during 2005-06, said Ms Ranjana Kumar, Chairperson. Investment credit is given for capital expenses and production credit for ... More

COTTON


Bt cotton helping farmers earn more: IMRB study
MAHYCO Monsanto Biotech (India) Ltd (MMB) today claimed that `Bollgard' or Bt cotton had helped farmers in the country to earn an additional income of Rs 770 crore during 2004. The claim was based on a study conducted by the market research ... More

OILSEEDS & EDIBLE OIL


Vegoil imports down to 2.48 lakh tonnes in March
Uncertainties relating to Budget proposals and market conditions are cited as reasons for low level of import commitment. More

AGRICULTURAL POLICY


Markfed to procure chilli in Guntur
THE Andhra Pradesh State Marketing Federation, Markfed, is planning to take up market intervention at the agricultural market yard here to hold the falling price line of chilli and so far 37,000 farmers have registered themselves to sell the ... More

EVENTS


PM to inaugurate FICCI farm summit
NEW DELHI: In order to create a public-private partnership towards developing a new policy and regulatory framework, which would accelerate the farm sector growth and productivity, the Federation of Indian Chambers of Commerce and Industry ... More


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Mar. 27-Apr. 2
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