AGRI-BIZ & COMMODITIES
COMMODITY EXCHANGES
Commodities recover on FMC chief pep talk
Mumbai, Jan. 22 Futures trading in agriculture commodities on NCDEX followed the stock market downhill, but recovered at the later session. Pep talk by the FMC Chairman, Mr B.C. Khatua, and the Government decision to consider autonomy to FMC ...
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CLIMATE & WEATHER
Experts see early onset of monsoon
The strong La Nina in the equatorial Pacific is predicted to last longer than thought and would favour an early onset of the southwest monsoon this year, according to researchers at the Japanese Agency for Marine-Earth Science and Technology ...
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STORAGE
Cooling charges likely to attract TDS
New Delhi, Jan. 22 The Finance Ministry has taken a view that cooling charges paid by various customers to the owners of cold storages would attract tax deduction at source (TDS) provisions under the income tax law as applicable to the ...
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INSIGHT
Farm sector: Hope lies in futures markets
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HORTICULTURE/FRUITS & VEGETABLES
Horticulture trade fair
Hyderabad, Jan. 22 The Andhra Pradesh Government will organise a five-day horticulture trade fair, beginning January 26. The fair will showcase horticultural products and technologies from about 170 players from across the country. ...
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RUBBER
Spot rubber prices drop on global cues
Kottayam, Jan. 22 Physical rubber prices fell sharply on Tuesday. The bear spell was triggered and catalysed by heavy losses in international rubber futures and domestic stock markets. Sheet rubber RSS 4 moved down to Rs 93.75 and Rs 94 a kg ...
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FINANCIAL PERFORMANCE
Rehabilitation Plantations makes profit
Thiruvananthapuram, Jan. 22 Rehabilitation Plantations Ltd, a joint venture of Kerala Government and the Union Government, has made a profit before tax of Rs 6 crore in the third quarter of the current year. The authorised capital of ...
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METALS
FIMI calls for higher drawback rate on zinc
Wants it brought in line with LME prices
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OILSEEDS & EDIBLE OIL
Stocks build-up by processors behind high oilseed prices
Speculators have bought large quantities anticipating rate hike
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CASHEW
Cashew exports drop on slew of factors
Export of cashew kernels declined substantially during the first nine months of the current fiscal “due to a combination of various factors”.During April–December 2007, the total shipments of cashew kernels stood at ...
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POULTRY
Bird flu: ‘No reason for worry in AP’
Hyderabad, Jan. 22 It is not the first time that poultry farmers in Andhra Pradesh are being hit by reports of avian influenza in other States; nor it is going to be the last. As they suffer from the cascading effect of such reports every ...
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SPICES & CONDIMENTS
Delegates from 33 nations to take part in World Spice Congress
Kochi Jan. 22 With nearly 150 delegates from 33 countries and over 225 Indian delegates poised to participate, the ninth World Spice Congress to be held in Goa has evoked universal and wide response. There has been a phenomenal rise in global ...
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Pepper futures market recovers
Kochi, Jan. 22 Pepper futures market which fell sharply on Monday has recovered on Tuesday and closed almost steady. Market witnessed highly speculative activities. There was no selling pressure of the physical material, market sources ...
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COMMODITY MARKETS
Gold recovers after initial fall
Mumbai, Jan. 22 Precious metals weren’t indifferent to the equity market volatility, witnessing profit booking and buying at low levels. Gold prices nosedived by about $20 an ounce to $849.50 in the international spot market but ...
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REGULATORY BODIES & RULINGS
FMC Ordinance may get nod
The Union Cabinet may give the go-ahead for promulgation of an Ordinance to make the Forward Markets Commission (FMC) an autonomous regulatory body for all commodity exchanges, when it meets next on Thursday. Indicating this at a conference on ...
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EVENTS
‘Marketable surplus, basis of commercial agriculture’
Coimbatore, Jan.22 Having moved on from ‘subsistence agriculture’ to ‘green revolution’ agriculture and now to sustainable agriculture or market-driven agriculture, commercial agriculture has come to occupy yet another ...
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OUTLOOK
Wheat prices seen ruling steady at Rs 1,100/quintal
Rates soften on crop outlook after gaining on low stocks
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