Financial Daily from THE HINDU group of publications
Thursday, May 19, 2005

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MCX to introduce spread contracts
THE Multi Commodity Exchange of India (MCX) is planning to introduce `spread contracts' in refined soya oil shortly. Spread contracts allows a member to execute two trades simultaneously in two different maturity contracts of the same ... More

FMC registration may become mandatory to trade on exchanges
THE Forward Markets Commission (FMC) has proposed to make registration with it mandatory to trade on commodity futures exchanges. "No member or non-member shall enter into any forward contracts in commodities unless he holds a certificate of ... More


KRBL to expand non-basmati exports
KRBL Ltd, a leading exporter of basmati rice, plans to expand its non-basmati exports with a variety from the South and invest in information technology to enhance its interaction with farmers. In an informal chat with presspersons following ... More


What price potato!
A farmer literally sitting on a pile of potatoes at Jalandhar's wholesale mandi, which in one of the largest in the country. In the last couple of years, farmers have been getting prices in the Rs 2-2.50 per kg range, which they say makes potato ... More


Rubber firms up on fresh buying
RUBBER prices bounced back on fresh buying and short covering as main marketing centres continued to suffer from the shortage of the produce. Covering groups and purchase agents were chasing the arrivals following reports that certain tyre ... More


Lack of proper mechanism hits implementation of eco projects
ABSENCE of proper mechanism for taking up the Centrally sponsored environment related projects might deprive the State of two important programmes. The National River Conservation Directorate (NRCD) under the Union Ministry Environment and ... More


MCX posts record physical delivery in silver May contract
MULTI Commodity Exchange (MCX) has witnessed record physical delivery in silver May 2005 contracts. Actual delivery of silver was 51,240 kg valuing Rs 52.55 crore. This was the biggest delivery ever witnessed in the Indian futures market, ... More


NDDB to invest Rs 50 cr in AP
NATIONAL Dairy Development Board (NDDB) would invest Rs 50 crore in Andhra Pradesh to help strengthen milk producers. It would also support the Andhra Pradesh Dairy Development Co-operative (APDDCF) in brand building. NDDB proposals include ... More


New Coffee Board chief takes charge
MR G. V. Krishna Rau has assumed charge on Wednesday as the Chairman of the Coffee Board, Bangalore. Mr Rau succeeds Ms Lakshmi Venkatachalam, who held the chairperson's post for over five years. Ms Venkatachalam is credited for creating an ... More


Spicy protest
Cardamom growers stage a dharna in front of the Spices Board Office in Kochi on Wednesday. The planters allege that the decline in export and fall in prices of cardamom are due to the neglect of the Board. ... More

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