Business Daily from THE HINDU group of publications
Wednesday, November 15, 2006
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Agri Prices (Nov. 14)
Sugar S301729
Ground ready560 (561)
Coconut oil ready5450
Pepper garbled ready10700 (10800)


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AGRI-BIZ & COMMODITIES

FARM CREDIT
Nabard sanctions Rs 29 cr
Aid for one rural road and four bridges More

RICE
Grains of labour
FARMERS PACK PADDY in gunny bags at a field near Thrissur. The State Government has initiated measures to ensure the success of the paddy procurement programme in the State. So far, 2,74,939 quintals have been procured at a rate of Rs 850 per ... More

CLIMATE & WEATHER
Easterly waves to drive rain in South
Contrary to forecast, a `low' has failed to show up in the Bay of Bengal for the second day running, but the southern peninsula will continue to receive showers from passing easterly waves. The ongoing rainfall activity will continue during ... More

INSIGHT
Making farmers security-savvy
Why should farmers, whose land is to be acquired for the proposed SEZs, suffer from the old-world doctrine of eminence juris and lose their capital? And why should they accept the equity in companies that just happen to come up there? Empoweri ng the farmer to tackle these and other issues is vital, not only for their survival, but for the future of the economy, says SHARAD JOSHI. More

PLANTATIONS
Downtrend in arecanut prices
Arecanut prices are witnessing a decline due to poor demand. Widespread disease in arecanut gardens has also wrought much damage to production. The market is reported to be on the verge of a crash. But the situation might change as and when the ... More

RUBBER
Weakness stretches in rubber
Spot rubber lost heavily on Tuesday. Prices fell freely in the absence of genuine buyers and it was even difficult to get buyer's quotations in most of the grades including latex. Sharp declines in TOCOM followed by long liquidation reacting to ... More

SUGAR
Norms tightened for sugar cos to set up mills
Govt amends 1966 Order, seeks Rs 1-cr performance guarantee More

COTTON
India may soon turn No. 1 organic cotton producer
Trails Turkey by 325 tonnes; way ahead of US, China More

OILSEEDS & EDIBLE OIL
Edible oil imports down 12%
Edible oil imports into the country during the just-concluded oil year (November 2005-October 2006) declined by 12 per cent or 6.2 lakh tonnes (lt) to 44.17 lt, according to data complied by Solvent Extractors' Association of India (SEA). A ... More

SPICES & CONDIMENTS
Pepper continues to decline
Declining trend continued in pepper futures on Tuesday for want of buying support and reduction in the prices of other origins. The November contract on NCDEX dropped by Rs 155 to close at Rs 10,325 a quintal. The drop in other positions was ... More

DERIVATIVES MARKETS
IndianOil starts trading on NCDEX
Indian Oil Corporation (IndianOil) has commenced trading in derivatives on the National Commodities & Derivatives Exchange (NCDEX). The company has recently acquired a trading-cum-clearing membership with NCDEX. IndianOil's first More

EVENTS
Commodities summit to attract NRIs
Luring the vast number of NRIs and high networth individuals in the Gulf into the booming commodity futures markets, JRG is organising the Commodities Summit Dubai - 2006 on November 18. Addressing a press conference in Kochi, Mr Regi ... More

CO-OPERATIVES
Maharashtra to get Rs 2,000 cr to revitalise co-operatives
With the signing of MoU between State, Centre and NABARD More

NATURAL CALAMITIES
Seminar on agricultural crisis
The employees' association of National Bank for Agriculture and Rural Development (NABARD) is organising a seminar on `growing agricultural crisis in India' in the city on Wednesday. Ms Utsa Patnaik of Jawaharlal Nehru University ... More

PEOPLE
New Chairman for IPC
Dr Michael Dosim Lunjew, the Secretary-General, Ministry of Plantation Industries and Commodities, Government of Malaysia, has been named as Chairman of the International Pepper Community for 2006 - 2007, according to IPC ... More






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