The Hindu Business Line : Wednesday, February 23, 2005

Govt may soon allow options in commodities
THE Union Government may soon allow options trading in commodities, said Mr S. Sundareshan, Chairman of the Forwards Markets Commission (FMC). During the launch of online coffee futures trading by the National Multi-Commodity Exchange of India ... More

RICE

Costly grub
The prices of imported rice have gone up by Rs 200 per quintal in the State. The prices that ruled at Rs 1,100 to 1,200 per quintal have gone up to Rs 1,300 to 1,400. The failure to process stored grains on time and large-scale imports from ... More

CLIMATE & WEATHER

Dry weather prevails in Kerala
DRY weather continued to prevail in the State during the four days ended February 20, says the Agromet Bulletin dated February 21 issued by the Met Office, Thiruvananthapuram. None of the recognised rain-gauge centres reported any rain at all. ... More

INSIGHT

Clouds gathering for February 28
WHAT will the Budget that the Finance Minister, Mr P. Chidambaram, presents on February 28 look like? Will he produce another "Dream Budget"? One only hopes that it would, at least, not be a "nightmare budget". If there ... More

RUBBER

Rubber prices make moderate recovery
THE domestic spot rubber made a moderate recovery on Tuesday. All-round buying from the covering groups and purchase agents initiated the uptrend as major grades gained in the absence of quantum sellers. The dealers seemed to be waiting for a ... More

TEA

Electronic tea auctions deadline may not be met
THE deadline for 100 per cent electronic tea auctions is fast approaching but three out of the six auction centres in the country are yet to gear up to meet the deadline. As per a notification by the Tea Board, the three auction centres ... More

AP tea traders seek cut in tax rate
THE Andhra Pradesh Tea Merchants Association urged the State Government to put tea under the 4 per cent tax category in the ensuing VAT regime, on par with the tax rates proposed to be imposed in tea producing States such as Assam and Tamil ... More

Coonoor tea up on improved demand
WITH the volume of teas on offer coming down and demand picking up, there was improvement in prices at the auctions conducted by the Coonoor Tea Trade Association (CTTA) this weekend. Totally, 10.26 lakh kgs were offered for sale of which, 9.43 ... More

WATER

Kerala: Water levels in major reservoirs fall marginally
THIRUVANANTHAPURAM: Water levels in the three major reservoirs of the State — Idukki, Idamalayar and Kallada — have registered a marginal fall when compared to those recorded during the previous week. According to figures ... More

OILSEEDS & EDIBLE OIL

Discrepancy in Centre's revenues from edible oil
THERE seems to be a serious discrepancy between the value of edible oil imports into the country and the corresponding revenues earned by the Centre on these. According to the Finance Ministry, import of vegetable oils fetched the Centre Rs ... More

SPICES & CONDIMENTS

Chilli leads spices export surge
CHILLI takes the top slot in export of spices, probably for the first time, with a record shipment of 1.14 lakh tonnes valued at Rs 421.21 crore during April-January 2004-05 as against a target of 75,000 tonnes, valued at Rs 315 crore, for the ... More

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