AGRI-BIZ & COMMODITIES
COMMODITY EXCHANGES
NCDEX approval for 4 more warehouses
MUMBAI: To facilitate delivery on expiry of futures contracts, the National Commodity and Derivatives Exchange Ltd (NCDEX) has accredited four more warehouses as delivery centres for wheat and soya bean. Delhi-based Total Logistics ...
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RICE
Global rice consumption may exceed production
IN 2004-05, for the fourth consecutive year, global rice consumption is expected to exceed production. As a result, the ending stocks are likely to see the lowest levels in almost two decades. Tightening supplies and resultant drawdown of ...
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EU to allow duty-free basmati imports
IMPORTS of traditional varieties of Indian basmati rice will be allowed duty-free in the European Union (EU) market from September 1. Under the terms of latest `Rice Agreement' concluded by India with the European Union (EU), the EU has ...
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FERTILISERS
Increase subsidy or we will close down, DAP units tell Govt
THE Phosphoric Acid Consumer Group (PACG) headed by the Tata Chemicals Managing Director, Mr Prasad Menon, has informed the Government that di-ammonium phosphate (DAP) producers plan to close down their operations if the Government does not ...
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FLORICULTURE
Flower auction centre to be set up at Gurgaon
A MODERN flower auction centre would be set up at Gurgaon to boost the upcoming flower industry and diversification programme of the agriculture sector. An official spokesman said here on Monday that the Chief Minister, Mr Om Prakash Chautala, ...
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RUBBER
Spot rubber gains on moderate buying
SPOT rubber prices flared up on Monday on moderate buying from all sectors including the covering groups and purchase agents. The scarcity of raw material influenced the market sentiment while panic short covering accelerated the upward ...
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TEA
Domestic buyers outbid exporters at Coonoor sales
INCREASED competition posed at the auctions conducted by the Coonoor Tea Trade Association (CTTA) here this weekend by the buyers for the domestic market, virtually out-priced the exporters who had to struggle hard to meet their ...
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DAIRY & DAIRY PRODUCTS
Retailers in AP plan `Amul Yatra' to Gujarat
A GROUP of 45 retailers of Amul products in Andhra Pradesh are going on a two-day `Amul Yatra' to Gujarat, home to the dairy major. They will visit remotest villages of Gujarat to see for themselves how the organisation is working. During the ...
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SILK
Now, a quality assurance stamp for silk products
INDIA, the largest consumer and second largest producer of silk in the world, will soon have its own quality benchmark - the Silk Mark. The Silk Mark Organisation of India (SMOI), a recently registered body sponsored by the Central Silk ...
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COFFEE
Coffee exports taper off on low stocks
COFFEE exports are likely to be on a low-key until December on lack of stocks and domestic buyers outbidding exporters. "Coffee exports are expected to be slow till the arrival of new crop in December. Also, exports were higher in the first ...
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