The Hindu Business Line : Wednesday, April 02, 2008

COMMODITY EXCHANGES
NMCE launches new futures series in metals
The National Multi-Commodity Exchange (NMCE) has launched new series for futures contract in base metals, menthol crystal and raw jute. All the contracts will be available for trading on NMCE e-platforms from April 1, according to a ... More

CLIMATE & WEATHER
Rousing wet session over N-E region
Thiruvananthapuram, April 1 Strengthening northwesterlies have blown away cloudiness associated with the persisting trough in the southeast Bay of Bengal, but have triggered a rousing wet session over northeast India and contiguous Indo-China. ... More

INSIGHT
‘Agri-business will have to rise to global challenges’
The linkage between food security and global warming and its particular relevance to the spice business More

RUBBER
Kochi rubber trade plea on excess tax, refund
Kochi, April 1 The Cochin Rubber Merchants Association has suggested that the State Government should withdraw the new budgetary provision denying the refund of excess tax paid on stock transfer and take measures to refund the excess tax paid ... More

Spot rubber prices improve
Kottayam, April 1 Physical rubber prices improved on Tuesday. According to market circles, supply concerns still haunt the market and nobody seemed interested to sell the produce possibly on higher expectations. The latex production is ... More

SUGAR
HC issues interim order on sugar mills’ plea over UP cane price
Chennai, April 1 The Allahabad High Court has, in an interim order, asked Bajaj Hindusthan Ltd and Basti Sugar Mills to pay sugarcane growers in Uttar Pradesh the statutory minimum price (SMP) price fixed by the Centre and execute bank ... More

COIR
Coir Board to take up study of small-scale sector
Kochi, April 1 Coir Board is to conduct a study on the state of affairs of the small scale coir product manufacturing sector of the traditional coir industry in the Cherthala and Ambalapuzha taluks of Alappuzha district in the State. ... More

OILSEEDS & EDIBLE OIL
‘Edible oil import duty cuts, a temporary step’
New Delhi, April 1 The slew of anti-inflationary measures mostly on the fiscal front by slashing duty on crude edible oil to zero and in refined form to 7.5 per cent were a purely temporary one to shore up domestic availability of these ... More

SPICES & CONDIMENTS
Pepper futures decline
Kochi, April 1 The Pepper futures market after witnessing high volatility declined marginally on Tuesday on slow activities.Activities in the market were very slow because of the financial year ending. Indian parity on Tuesday was at ... More

COMMODITY MARKETS
COMMODITY COMMENTARY
Rising ‘political risk’ to commodity derivatives market
Online trading in commodity futures was launched in our country five years ago amid fanfare; and certainly, with hope and expectation that the new system of trading would help transform the moribund agricultural sector. Indeed, it was ... More

Gold prices collapse on profit taking
Exposure towards gold, silver being scaled back More

OUTLOOK
Firm trend seen in global wool prices
Higher prices, availability of alternative fibres may soften demand More

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Looking back
Mar. 23-Mar. 29
Well marked ‘low’ may prolong rains

3,000 tonnes raw cashew damaged due to rains

Well marked ‘low’ weakens, productive still

Deep easterly trough may find match

Tea prices may rule high on short supply

Bay trough persists as a part drifts away