AGRI-BIZ & COMMODITIES
COMMODITY EXCHANGES
NCDEX launches raw jute, guar gum contracts
NCDEX launched two more commodities — guar gum and raw jute — on Monday to the existing 17 commodities presently traded on its platform, according to an exchange release. Volume traded and open interest in guar gum on the first day ...
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NMCE rubber futures record a new high
RUBBER futures surged to a new high at the Ahmedabad-based National Multi-Commodity Exchange of India Ltd (NMCE) on July 23, registering a volume of 10,168 tonnes valued at Rs 61.16 crore, according to an exchange release. This is the highest ...
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Crisis in GTB may not affect FCCCI
THE crisis in Global Trust Bank is unlikely to make any serious impact on the First Commodity Clearing Corporation of India (FCCCI), in which the bank is a stakeholder, and the India Pepper and Spice Trace Association (IPSTA). The IPSTA ...
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FARM CREDIT
BoI launches Kisan Samadhan card
BANK of India has today launched the `Kisan Samadhan' Card scheme to enhance the flow of credit to farmers. Though the bank has conventionally extended financial assistance to farmers, the Samadhan scheme aims to take care of farmers with ...
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Write off farm loans up to Rs 10,000: Experts
LOANS taken by farmers from banks up to Rs 10,000 should be waived, as done in 1990 by the V.P. Singh Government, to pull farmers out of debt trap and end the splurge of suicides in Andhra Pradesh, opined Mr Dinesh Chandra, former Union ...
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AQUACULTURE
MPEDA to focus on US, Japan markets
The authority plans market access initiatives to boost exports and regain the lost market share.
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COMMODITIES
Chamber calls for easing restrictive inter-State rules
IN THE backdrop of uneven monsoons, the PHD Chamber of Commerce and Industry (PHDCCI) has called for "immediate easing of restrictive rules" that govern inter-State trade and movement of agriculture commodities. According to the industry body, ...
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RUBBER
Sharp fall in rubber prices
SPOT rubber market recorded sharp losses on Monday as traders and growers began to unfold their stock. Negative reports from the world markets and the absence of quantity buyers pushed down the prices, though the trading volumes were narrow. ...
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SUGAR
Govt cuts sugar FSQ for August
PRECARIOUS stock levels in the face of a poor monsoon have seemingly forced the Government to adopt a conservative free-sale quota (FSQ) release policy for sugar. Having earlier announced an FSQ of 12 lakh tonnes (lt) for August, the ...
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No threat to sugarcane supplies in UP: Kushagra Bajaj
"When all the mills in the three districts are crushing less than 50 tonnes out of every 100 tonnes of cane produced, how would our entry create shortages?"
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DAIRY & DAIRY PRODUCTS
Mega dairy plant lined up for AP cooperatives
AGRICULTURAL INSTITUTIONS
Nabard cuts interest rate
THIRUVANANTHAPURAM: The National Bank for Agriculture and Rural Development (Nabard) has reduced interest rates on outstanding refinance, and has accepted pre-payment of high-cost refinance from banks, according to an official press ...
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COIR
Coir exports up marginally in Q1
EXPORTS of coir and coir products during the first quarter of the current fiscal increased by 4 per cent in quantity and five per cent in value. During April - June, exports stood at 23,903 tonnes valued at Rs 91.12 crore as against 22,984 ...
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TOBACCO
AP tobacco sales drawing to a close
TOBACCO auctions in Andhra Pradesh are nearing completion and they are expected to be closed by the end of the month or in the first week of August. Till now, according to the officials in the Tobacco Board, 140 million kgs of tobacco has been ...
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OUTLOOK
OECD notes India's progress in farm sector
OVER the next ten years, the outlook for world agricultural markets is for a gradual strengthening in market conditions for all commodities. Stronger global economic growth is expected to lead to increased consumption and trade and firmer ...
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