The Hindu Business Line : Friday, September 16, 2005

Big players still keep off crude futures — `Volumes offered not big enough'
IT has been a good seven months since the country's first crude oil contract was launched. If MCX was the first to test waters in crude futures, NCDEX, in strategic partnership with International Petroleum Exchange (IPE), launched the next crude ... More

RICE

Apeda's basmati DNA testing facility by Nov — CDFD, Hyderabad to manage the service for exporters
THE Agricultural and Processed Food Products Export Development Authority (Apeda) will put in place by November 2005 a DNA testing facility for basmati rice exporters in order to comply with the demands of the European importers about the ... More

HORTICULTURE/FRUITS & VEGETABLES

Fruit Growers' Association bags Palani contract
THE Fruit Growers' Association of Tamil Nadu has bagged the contract to supply hill banana to the Palani Devasthanam for the second year in a row. The association pooled 400 tonnes of the fruit for supply to the Devasthanam last year. Enthused ... More

SUGAR

NCDEX makes delivery compulsory for sugar
AFTER rubber and pepper contracts, the National Commodity & Derivatives Exchange Ltd (NCDEX) has also made compulsory delivery in sugar futures. The exchange has made modifications in the delivery specifications in sugar M-grade (Muzaffarnagar) . More

Kothari Sugars settles dues through restructure package
KOTHARI Sugars and Chemicals Ltd has settled its debts through a restructure package and will now look to stabilising and expanding its operations. Addressing its annual general meeting here on Thursday, the Chairman and Managing Director, Mr ... More

TEA

Tantea bags `largest tea seller' award
COONOOR: The Coonoor-based Tamil Nadu Tea Plantation Corporation (Tantea) has claimed the award for the largest tea seller in the corporate sector in the Coimbatore auctions during 2004-05. The award, instituted by the Tea Trade ... More

Restructuring plans fuel rally in Assam Co
ASSAM Company Ltd, the nation's first tea company which was now on the threshold of major restructuring, is moving steadily upward on the bourses. Today, as the shareholders of the company at an EGM at Guwahati approved the proposal of stock ... More

TECHNICAL ANALYSIS

Spot gold may correct lower
SPOT gold prices continue to hover around the psychologically important $450 level. Gold has shrugged off a firm dollar and is slowly gaining strength helped by crude oil prices. Uncertainty about whether the Federal Reserve will raise ... More

WATER

Alisagar scheme gets eco-clearance
THE Rs 108-crore Alisagar Lift Irrigation Scheme of the Andhra Pradesh Government has obtained environmental clearance from the Union Ministry of Environment and Forests (MoEF). The project to lift water from Godavari river, during high flood ... More

DAIRY & DAIRY PRODUCTS

Sales beyond Gujarat shore up Amul's fortunes
The co-operative is targeting to export milk products worth Rs 150 crore this fiscal. More

COFFEE

Tata Coffee sees record output next season
TATA Coffee expects the output at its estates for coming coffee season (October 2005-September 2006) to hit a "record high" of about 10,000 tonnes. The previous high was 9,700 tonnes three years ago. "We expect the coffee output to hit a ... More

SPICES & CONDIMENTS

Call to raise spice output to retain export share
WITH consumption in the country rising and no production increases in sight, Indian spices may soon lose the battle for global market share, according to Mr Kirandeep Singh Swani, Chairman of Indian Spice and Foodstuff Exporters ... More

Heavy arrivals peg cardamom lower
HEAVY selling of cardamom on a good crop and early harvest has resulted in sales increasing by over 800 tonnes during the current season to 1,282 tonnes. This is against 435 tonnes during the corresponding period a year ago. The selling ... More