The Hindu Business Line : Tuesday, August 05, 2008

AGRI-BIZ & COMMODITIES

INSIGHT: Commodities Transaction Tax — Why it could lead to greater volatility
Recently, the Finance Minister stated that the Government would take a call on the date notifying the CTT, adding that, at least in the first year, it is not intended to be a great revenue-earning measure.The CTT proposed is Rs 17 on a ...

EXPORTS & IMPORTS: Pulses import by PSUs needs regulation
Even as the price situation is turning explosive. Mumbai, Aug 4From July 25, the country has had excellent precipitation, especially covering moisture-stressed areas of Central, Southern and Western region, bringing much-needed relief to ...

CLIMATE & WEATHER: Monsoon active over coastal AP, Telangana
Thiruvananthapuram, Aug 4 Sunday’s ‘low’ over northwest and adjoining west-central Bay of Bengal has moved in a west-northwest direction and lay over west-central and adjoining northwest Bay off the north Andhra Pradesh and ...

COMMODITY EXCHANGES: MCX hopes airlines will use its ATF futures
Domestic cos may use ATF futures as a hedging option. Chennai, Aug 4 With aviation turbine fuel (ATF) futures clocking a turnover of Rs 524 crore in July, the Mumbai-based Multi Commodity Exchange hopes that domestic airlines will use the ...

RICE: eGoM to review ban on non-basmati rice
External Affairs Ministry to set quantum of export for each country. New Delhi, Aug 4 The empowered Group of Ministers (eGoM), under the chairmanship of the Union External Affairs Minister, Mr Pranab Mukherjee, is meeting here on Tuesday to ...

OILSEEDS & EDIBLE OIL: 24 States, UTs sign up for new edible oil supply scheme
New Delhi, Aug. 4 The Centre has allocated 93,400 tonnes of edible oil a month to 24 States and Union Territories under its newly launched scheme for subsidised distribution of imported RBD palmolein and soybean ...

SPICES & CONDIMENTS: Pepper futures fall on bearish sentiments
Kochi, Aug 4 Pepper futures market on Monday witnessed a decline on all contracts on bearish activities. There was no activity for ready pepper. August contract was down by Rs 125 a quintal to close at Rs 14,065. The fall in other contracts ...

RUBBER: Spot rubber declines further
Kottayam, Aug. 4 The rubber prices weakened further on Monday. The market fell as certain dealers and growers joined the sellers’ queue fearing the trend to remain bearish in short term. ...

COTTON: TN farm varsity study expects cotton prices to firm up
Coimbatore, Aug. 4 Cotton prices are expected to go up by around 10 per cent in the next few weeks and are expected to remain at higher levels till July 2009, according to a study by the Tamil Nadu Agricultural University (TNAU), Coimbatore. ...

EVENTS: Arecanut meet to focus on value addition
The Mangalore-based Arecanut Research and Development Foundation (ARDF) will organise a two-day international conference on the future of arecanut, in Mangalore from August 9. ...

AQUACULTURE: Shrimp case: WTO panel adopts ruling in favour of India, Thailand
The Dispute Settlement Body of the World Trade Organisation has adopted the rulings in the shrimp cases in favour of India and Thailand. ...