The Hindu Business Line : Wednesday, February 27, 2008

RUBBER
Spot rubber rules steady
Kottayam, Feb. 26 In the physical front, sheet rubber continued to rule steady at Rs 101 and Rs 101.25 a kg respectively at Kottayam and Kochi on Tuesday. The volumes were dull in a rather inactive market following heavy declines in global ... More

SUGAR
‘India holds key to global sugar prices’
Chennai, Feb. 26 India holds the key to global sugar prices, says a report on World Sugar Outlook 2008 by Rabo India Finance Ltd.“India currently owns much of the global stocks accumulated since 2005-06 (October-September). If ... More

FOODGRAINS
Grain merchants seek tax waiver
The Tamilnadu Foodgrains Merchants Association, in a pre-budget memorandum submitted to the State Government, has sought exemption from tax for basic commodities. The Association Secretary, Mr P. Subash Chandra Bose, pointing out that the ... More

OILSEEDS & EDIBLE OIL
Palm oil may top 4,000 ringgits soon
Kuala Lumpur, Feb. 26 Crude palm oil prices that have been hovering around 3,500-3,700 Malaysian ringgit (MYR) a tonne could touch 4,000 MYR a tonne quicker than many think, a representative of Frost and Sullivan told the delegates at the ... More

SPICES & CONDIMENTS
Vietnam factor drives up pepper
Kochi, Feb. 26 Pepper futures market witnessed high volatility and speculators were pushing up the prices on reports of continuous rise in Vietnam pepper prices.Investors were active in selling futures and buying spot pepper exchange ... More

COMMODITY MARKETS
Allow FIIs to participate in commodity derivatives
Allow foreign institutional investors and domestic financial institutions like banks to participate in commodity derivatives. This will facilitate wider participation and development of the commodity markets. Warehouse development to be given ... More

Banks, MFs must be allowed in futures markets
Revoking the ban on futures trading of wheat, rice, tur and urad which will clarify the long-term intentions of the Government and send the right message to the commodity industry stakeholders. Client-wise limits should be increased ... More

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