The Hindu Business Line : Saturday, October 22, 2005

Pawar inaugurates commodity info centre to link State APMCs
MCX and State Bank of India will ensure a continuous information supply on agriculture and banking sectors. More

Allowing MFs, FIIs in commodity futures — More regulatory mechanisms need to be in place, says FMC
THE Forward Market Commission (FMC), which supervises commodity exchanges in the country, on Friday said more regulatory mechanisms need to be put in place before mutual funds and FIIs are allowed to invest in commodity futures. "The market ... More

CULTIVATION

AP to have a bumper kharif season
ANDHRA Pradesh is set to record an all-time high agricultural production in the kharif season, with the initial estimates putting the total foodgrains production at 113.25 lakh tonnes (lt) against the average of 84.68 lt. The State could ... More

HORTICULTURE/FRUITS & VEGETABLES

`Bear with onion price rise'
WITH the prices of onions skyrocketing, Maharashtrians may have to change their diet. The onion prices in Pune have touched Rs 24 a kg. Mr Sharad Pawar, Union Minister for Agriculture, who was in the city, said: "people will have to ... More

Cause for concern
A trader sorting out onions at Mehboob Mansion wholesale agriculture market in Hyderabad. Despite arrivals of fine quality onion from Maharashtra and Karnataka, the prices of the vegetable are soaring. Onion prices are ruling between Rs 1,300 and ... More

RUBBER

Most rubber estates may not get carbon credit
EVEN as the natural rubber industry prepares itself to pitch for trading in carbon reduction under the Kyoto Protocol, most of the existing rubber plantations in the country are unlikely to qualify for trading in certified emission reduction ... More

Rubber prices fall as buyers remain inactive
THE spot rubber market continued to shed the gains on Friday. The trend was extremely bearish as panic selling by dealers and growers put further pressure on the prices. Buyers were comparatively inactive keeping a low profile in almost all ... More

TEA

Chinese trip makes tea sector confident of exploring potential in global markets
RETURNING home after visiting China, a tea delegation not only appears more confident to target markets abroad, but has also realised the need for exploring the potential in markets such as the Russian Federation (led by Kazhakstan and Ukraine), ... More

FINANCIAL PERFORMANCE

Tata Coffee Q2 net up 136 pc
TATA Coffee has reported a 136 per cent rise in net profit for the quarter ended September 2005 at Rs 6.62 crore on revenues of Rs 53.41 crore, compared to a net of Rs 2.80 crore on revenues of Rs 51.32 crore in the corresponding previous ... More

Oudh Sugar logs Rs 5.18-cr net
MUMBAI: Oudh Sugar Mills Ltd, part of the K.K. Birla Group, has registered a net profit of Rs 5.18 crore for the first quarter ended September 30, 2005 against a loss of Rs 1.44 crore in the same period the previous year. It has ... More

PRECIOUS METALS

Gold susceptible to downside risk
GOLD has run into an aggressive stale long liquidation, reversing its rebound above $470 an ounce made earlier this week. By now, the yellow metal has lost almost $10/oz. In the early trade today, it was ruling at $462.35/oz. Experts said fund ... More

FOODGRAINS

TN grain merchants want food safety Bill withdrawn
THE Tamil Nadu Foodgrains Merchants Association has appealed to the Centre to withdraw the Food Safety And Standards Bill 2005. It is draconian and against the interest of the trade and industry, it has said, in its executive committee meeting ... More

SPICES & CONDIMENTS

Cardamom prices recover on buying
CARDAMOM prices recovered during the week at auctions in Kerala and Tamil Nadu on good buying support. The prevailing low prices seem to have prompted North Indian investors to buy and stock cardamom, anticipating increase. The reported ... More

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