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Saturday, June 02, 2007
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AGRI-BIZ & COMMODITIES

RESEARCH & DEVELOPMENT
Farm varsity for further research on `edible' bamboo
Plans are afoot to undertake demonstrations of `thornless' bamboo variety in the districts More

WHEAT
Move to scrap wheat tender raises uneasy questions
There is absolutely no reason for anyone in the Government or in the State trading agency to feel smug about cancellation of the 10 lakh tonnes wheat tender. No doubt, the country has saved a tidy sum by not agreeing to import high priced wheat. ... More

CLIMATE & WEATHER
`Low' forms, tipped to intensify into depression
Fresh southerly surge may help More

AQUACULTURE
Disease-free rootstock of shrimps developed
Part of marine export body efforts to boost shipments More

Back in business
MECHANISED FISHING BOATS set sail in Visakhapatnam on Friday after lying idle during 45 days of trawling ban to conserve marine life on the east coast. ... More

COMMODITIES
Inflation rate falls as prices of food items ease
Wholesale Price Index of all commodities up at 211.9 More

RUBBER
Lack of buyers affects spot rubber prices
Physical rubber prices declined on Friday. They failed to improve, reacting in tandem with TOCOM since there were no genuine and quantity buyers in the market. Sheet rubber RSS 4 slipped to Rs 86.75 from Rs 87.50 and Rs 87.25 a kg respectively at ... More

TEA
Corporate tea sellers not eligible for cut in VAT in TN
Corporate sellers of tea are disappointed that the last week's reduction of the value added tax (VAT) is not applicable for the produce they sell. The Tamil Nadu Chief Minister, Mr M. Karunanidhi, announced on May 23 that VAT on the teas sold ... More

Arrivals pick up at Kochi tea auction
Tea arrivals picked up at the Kochi tea auction with 1,26,900 kg of dust and 40,800 kg of leaf on offer. CTC dust prices eased by Re 1 to Rs 3, while high growth orthodox varieties remained steady. Price of medium orthodox was dearer by Re 1 ... More

METALS
NMCE launches new contracts in metals, jute
Even as the May 2007 futures contracts in six non-ferrous metals expired on Thursday at the National Multi-Commodity Exchange (NMCE), it has launched new series in aluminium ingots, copper, lead, nickel premium, tin, zinc and ... More

RBI lets firms hedge exposure to metals
The Reserve Bank of India on Thursday notified that domestic producers and users of aluminium, copper, lead, nickel and zinc had been permitted to hedge their price risk by taking hedge positions in international commodity futures exchanges. ... More

SPICES & CONDIMENTS
Pepper futures decline as Vietnam prices fall
Pepper declined marginally on Friday following reports of fall in Vietnam prices despite some buying support. There was demand coming in. Processors were actively buying un-garbled at Rs 13,700 - 14,000 a quintal for processing. ... More

Cardamom prices up as season comes to an end
Cardamom prices continued to increase at auctions held in Kerala and Tamil Nadu this week, even as the season draws to an end. The auction held at Kumily on Wednesday by the Cardamom Processing and Marketing Company (CPMC) was the last auction ... More

AGRICULTURAL POLICY
Mayawati scraps sugar policy
The Uttar Pradesh Government under Ms Mayawati has scrapped her predecessor administration's Sugar Industry Promotion Policy of 2004, compounding uncertainties for a currently beleaguered industry. "The Cabinet has today decided to scrap the ... More






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