The Hindu Business Line : Friday, February 23, 2007

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AGRI-BIZ & COMMODITIES

COMMODITY EXCHANGES
Chidambaram hints at fresh steps on farm futures trading
The Finance Minister, Mr P. Chidambaram, hinted on Thursday that the Government may take fresh steps on the issue of futures trading on farm commodities based on the recommendations on this matter by the concerned administrative ... More

CLIMATE & WEATHER
2nd round of winter rains for North from weekend
North India and parts of northwest India are poised to get a second round of winter rains from this weekend. This will happen with the expected arrival of an `active' western disturbance, though not big in size as the one that walloped the ... More

AQUACULTURE
Old man and the sea
A LONE FISHERMAN battles the waves of the Bay of Bengal in his country boat off Visakhapatnam on Thursday.

HORTICULTURE/FRUITS & VEGETABLES
Mango growers join hands to gain more value
CORPORATE INTEREST More

PLANTATIONS
More measures sought to curb arecanut import
The notification issued by the Director General of Foreign Trade (DGFT) on Wednesday allowing only one port in the country - New Mangalore Port - to import arecanut will help the sector monitoring imports of the commodity and its movement ... More

RUBBER
Spot rubber stagnates on buyer resistance
Domestic spot rubber prices continued to stagnate on buyer resistance. A turnaround in Japanese futures followed by smart gains in oil and gold futures failed to make any impact in the physical market. Heavy losses due to the fire in a major ... More

TEA
Coonoor tea auctions called off on VAT issue
The auctions of the Coonoor Tea Trade Association (CTTA) scheduled for Thursday did not take place following a disagreement among the sellers, buyers and brokers over the conduct of the auctions under VAT. While some produces insisted that the ... More

GOLD & SILVER
Extra duty on gold could help raise Rs 700 cr
In the forthcoming Union Budget, additional duty on gold could be a source of much-needed revenue. An increase in Customs duty of Rs 100 per 10 g on gold imports can potentially generate over Rs 700 crore in revenue for the exchequer. The ... More

FOODGRAINS
Maize futures dip on move to release stocks for Bengal
A move by the Union Government to release 21,200 tonnes of maize to West Bengal at a concessional rate of Rs 450 per quintal resulted in maize futures declining 0.88 per cent to Rs 791 per quintal on NCDEX. Potato ... More

Plea to remove excise duty on malted barley
The All India Breweries' Association (AIBA) has asked the Finance Ministry to remove excise duty on malted barley, the raw material for beer. The AIBA Director, Mr Sundeep Kumar, told Business Line that the association has submitted a ... More

COFFEE
illycafe plans rollout of licensed chain in 6 months
In talks with various companies for partnership More

Kaapi Machines to tap coffee equipment market
Joint venture, Kaapi Machines, to tap coffee equipment market in the country More

Opens coffee varsity in Bangalore
As part of its initiative to create awareness of coffee culture, illycafe announced the launch of its University of Coffee in Bangalore on Thursday. The opening of the Indian campus - Universita del Caffe — is part of the company's ... More

SPICES & CONDIMENTS
Drought may hit cardamom crop
Output to fall further by 5-10% More

Bears pull down pepper futures
Pepper futures declined on bearish activities following uncertainty over delivery of goods for want of space in the warehouses of the exchanges. While the NCDEX, which has a net open position of 15,005 tonnes for March on Thursday, has a stock ... More

EXPORTS & IMPORTS
Going places
A WORKER DISPLAYS a live crab at an export collection centre in Thrissur, Kerala. Export of live marine items from the country has registered a marginal increase of 13.53 per cent in quantity, 21.61 per cent in value, and 23.71 per cent in ... More

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