AGRI-BIZ & COMMODITIES
COMMODITY EXCHANGES
Rapeseed, wheat futures gain
Commodity futures trading on NCDEX and MCX saw good buying interest, with most commodities ending Friday on a positive note. Rapeseed/ Mustardseed (RM seed) gained 1.09 per cent to Rs 404 per 20 kg on a drop in production. "The RM seed ...
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AQUACULTURE
Call for more support to fisheries
The working group of the sub-committee of the National Development Council on Agriculture and related issues has called for increase of Budgetary outlay for fisheries from 0.22 per cent to 0.88 per cent and for animal husbandry ...
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US shrimp dumping duty faulty: WTO panel
India may gain from Ecuador's case
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COMMODITIES
Inflation rate tops 6% on costlier manufactured, food items
Wholesale price index for all commodities at 208.5 points
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EXCISE AND CUSTOMS
COMMODITY COMMENTARY
Govt can shore up revenues through excise duty
Levy on sugar, edible oils can fetch Rs 1,000 crore
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RUBBER
Spot rubber slips on global correction
Another corrective phase in international rubber prices, especially Japanese futures, hammered the domestic market on Friday. At the physical front, sheet rubber declined to Rs 100.50 from Rs 101 a kg both at Kottayam and Kochi as on Friday. ...
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SUGAR
NCDEX raises sugar open interest limit
Commodity futures exchange NCDEX has raised open interest limit of sugar from 3,000 tonnes to 7,500 tonnes for members and from 1,000 tonnes to 2,500 tonnes for clients. The change in open interest will be effective from February 2, 2007. ...
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TEA
Prices up at Coonoor tea sales
Prices improved for quality teas while they declined for medium and plainer sorts at last week's auctions of the Coonoor Tea Trade Association. Although the volume of 8.33 lakh kg offered was the lowest so far for the year 2007, the demand was ...
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Mixed trend at Kochi tea sale
Even as the quantity of dust tea on offer dipped to 9,26,000 kg, the price of several varieties fell at the Kochi tea auction. High priced CTC varieties eased by Rs 2-4, while medium and other CTCs eased by Re 1-Rs 2. Orthodox dust varieties ...
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COTTON
Global cotton price likely to rise 10% next season
Rising consumption, lower stocks to keep market tight
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SPICES & CONDIMENTS
Export buying boosts cardamom prices
Cardamom prices continued their upward swing on increased buying support from exporters during the week at auctions held in Kerala and Tamil Nadu. The prices during the week went up by Rs 35 a kg pushing up the average price at Wednesday's ...
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Pepper rebounds on buying support
Pepper futures bounced back on buying support after falling by over Rs 500 a quintal on Thursday following the withdrawal of export subsidy by the Union Government. The pepper export subsidy is not available now, as the export target of 20,000 ...
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GENERAL INSURANCE
Banks may have to bear part of crop insurance premium
Banks and financial institutions lending to farmers may have to bear a portion of the premium on crop insurance, if the Government accepts the recommendations of a working group. A working group on risk management in agriculture has suggested ...
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EVENTS
CMFRI expo today
The regional centre of the Central Marine Fisheries Research Institute, celebrating its diamond jubilee, is holding an exhibition and open house on Saturday to educate the public about its activities. ...
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