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Thursday, May 12, 2005

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AGRI-BIZ & COMMODITIES

COMMODITY EXCHANGES


UAE securities body to control Dubai gold bourse
DUBAI Gold and Commodities Exchange (DGCX) on Wednesday announced that the Securities and Commodities Authority (SCA) of UAE would regulate Dubai's new electronic commodity derivatives exchange. DGCX will be incorporated under the Dubai Metals ... More

NCDEX launches initiative to support tribal farmers
IF you thought tribal farmers do not understand the importance of price discovery and price risk management of the produce they grow, think again. Price dissemination and cooperative approach to produce marketing can transform the fortunes of ... More

CULTIVATION


Labland Biotechs to supply jatropha saplings to Saudi Arabia
A LOCAL bio-technology company will supply jatropha saplings, a source of bio-fuel, to Saudi Arabia under an agreement with the London-based bio-diesel supplier, D I Oils. Mr Sudheer Shetty, Managing Director of Labland Biotechs, said his ... More

AQUACULTURE


Japan alert on banned antibiotics — Govt steps up vigil on shrimp shipments
THE Government authorities and seafood exporters have stepped up monitoring activities to detect presence of any banned antibiotics in shrimp after Japan has issued an alert. The Marine Products Export Development Authority (MPEDA) has ... More

Call to retain 65-day ban on fishing by mechanised boats in Karnataka
THE Federation of Traditional Fishermen's Organisations of Coastal Karnataka has opposed the Karnataka Government's order on ban on fishing during monsoon. In an order dated May 4, the Government has brought down the period of ban on fishing ... More

COMMODITIES


RBI working group calls for Warehouse Receipts Act
THE Reserve Bank of India's Working Group on Warehouse Receipts and Commodity Futures has recommended that a Warehouse Receipt Act be passed to make the instrument negotiable. A core group constituted by the Ministry of Consumer Affairs, Food ... More

RUBBER


Selling keeps rubber prices on leash
SELLING at higher levels depressed the physical rubber prices on Wednesday as covering groups and purchase The main marketing centres witnessed slight improvement in arrivals while certain growers came forward to sell their stock at the opening ... More

SUGAR


Ethanol-blended petrol programme — We responded to Petroleum Ministry's draft MoU, says ISMA
THE Indian Sugar Mills Associaton (ISMA) has denied that it has not responded to the Petroleum Ministry's draft memorandum of understanding on long-term supply of ethanol for the blended petrol programme. Ms Rajshree Pathy, President, ISMA, ... More

METALS


Nickel price may increase further
TIGHTNESS in the nickel market is set to continue because of a combination of supply and demand factors. This is likely to encourage the price prospects in the base metals complex given nickel's price leading abilities in the past, experts ... More

COTTON


Centre to raise outlay for improving cotton quality to Rs 500 crore
THE Government is embarking upon an ambitious Rs 500-crore quality improvement project for cotton in the next couple of years. Sources in the Government told Business Line that countries such as Egypt and Pakistan have been able to ... More

SPICES & CONDIMENTS


Organic vanilla fetches premium in US market
CURED organic vanilla exported from the country has fetched $70-75 a kg in the US market, while the ordinary cured beans of Gaurmet grade has been sold for $60-65, according to a Mysore-based exporting firm. It exported 2,294 kg of cured ... More

EVENTS


`Raise small farm productivity to ensure food security'
THE hidden hunger in people is the direct result of hidden hunger of soil. Analysis of soil samples from some parts of the country has shown that soil is deficient in sulphur and micronutrients. Referring to the widespread under-nutrition and ... More


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Automobile sales top Rs 1,10,000 cr in value terms

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In Focus

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In Depth

Gender Justice
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Looking back
May. 1-May. 7
Pepper prices continue to slide on selling pressure

Further upside seen in commodity markets

Molasses duty cut to Rs 750/t

Service tax exemption for farm income insurance premium

CWC targets farmers for value-added services

Drop in shipments to US affects pepper exports; down to below 15,000 t

Edible oil imports surge in April

Speculative sales pull down sugar futures — Spot trading comes to standstill


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