The Hindu Business Line : Wednesday, February 07, 2007

COMMODITY EXCHANGES
NMCE alters norms for cumin seed futures
As per the demand of traders and processors, among others, the National Multi-Commodity Exchange (NMCE) has modified cumin seed (jeera) specification in `test weight' for futures contract. Cumin seed of fair average quality - pure machine ... More

Futures trading in soya turns bearish
Futures trading in soya oil and soyabean turned bearish after the Union Government on Tuesday raised production estimates to 8.68 million tonnes from 7.55 million tonnes. Soyabean futures on NCDEX lost 0.90 per cent to close at Rs 1,436 per ... More

WHEAT
Central India holds key to wheat production
Central India, especially Madhya Pradesh, holds the key for a good wheat crop this year. Even as the Agriculture Ministry has estimated the production at 72.5 million tonnes, the trade prefers to wait until the month-end when the real situation ... More

Wheat output estimated to touch 72.50 m tonnes
Foodgrain production pegged at 209.17 m tonnes More

HORTICULTURE/FRUITS & VEGETABLES
Reliance Fresh stores in Kolkata by next month
Reliance Industries may kick off its Reliance Fresh grocery stores roll out in Kolkata by March. This will also mark Reliance Fresh's entry in the eastern region of the country. While Reliance officials are tight lipped about the company's ... More

PLANTATIONS
Plantation Corpn draws up new plans
The company is thinking of forging direct links with the manufacturers so as to eliminate the marketing problems arising out of the agency arrangement. More

RUBBER
Pala society gets `Export House Status'
Pala Rubber Marketing Co-operative Society has been awarded `Export House Status' by the Directorate of Foreign Trade under the Ministry of Commerce for its performance on the basis of rubber export during the last 3 years. The ... More

Spot rubber rules weak
Spot rubber continued to rule weak on Tuesday. The trend was set by a sharp decline in Bangkok spot and an initial fall in TOCOM futures though the market leader finished in green later. Sheet rubber RSS 4 declined to Rs 98 a kg from Rs 99 a kg ... More

SUGAR
Govt raises sugarcane crop estimate
The statistical disaster vis-à-vis sugarcane is similar in consequence to what happened to wheat in 2005-06. 2006-07 size projected up by 32 m tonnes More

TEA
Indian tea delegation to visit Pak in April
At the invitation of Pakistan Tea Association, an Indian tea delegation, comprising tea producers from both South and North India, will visit Pakistan in the middle of April. The cities of Karachi, Lahore and Peshawar are likely to be covered. ... More

OILSEEDS & EDIBLE OIL
International olive oil body bullish on India
Special promotion efforts planned during 2007-09 More

SPICES & CONDIMENTS
Pepper prices likely to scale new heights
Triggered by erratic weather, disease and unrenumerative prices More

OUTLOOK
Crude, gold prices may move up further
Rise in speculative short positions in oil & long positions in gold More

COMMODITY COMMENTARY
Lower wheat crop to spark price spike
Production could turn out to be even lower More

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Looking back
Jan. 28-Feb. 3
Rabi oilseeds output seen 11.3 lakh tonnes lower

Maharashtra sugar output to be 70 l tonnes

Govt playing safe on maize imports

Plantation panel enlarges insurance cover scheme

Commodity exchanges told to ensure uniform vendor registration policy

Global cotton price likely to rise 10% next season