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AGRI-BIZ & COMMODITIES
COMMODITY EXCHANGES
Mock trading begins in tea futures exchange
The long-awaited Upasi Commodities Exchange is expected to take off soon. The by-laws of the tea futures exchange have been submitted to the Forward Markets Commission and business plans are being finalised. UPASI is now working at educating the ...
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TEA
TN small tea growers stand to gain from PSF scheme
THE much talked-about Price Stabilisation Fund (PSF) Scheme, cleared by the Cabinet Committee on Economic Affairs a few weeks back for the benefit of small growers in the plantation sector, has become operational from Wednesday. What is of ...
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OILSEEDS & EDIBLE OIL
RBD palmolein import at lower duty ruled out — Finance Ministry no to States' proposal
"Under the present liberalised trading environment, it is not desirable to allow state-owned trading companies to import at a lower duty, since this would discriminate against the private trade. In any case, RBD palmolein imports are under the open g eneral licence," Ministry officials pointed out.
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Malaysian palm oil may consolidate
MALAYSIAN crude palm oil futures on MDEX closed lower on Friday mainly after private forecaster, Mr Ivan Wong forecast an increase in production levels for the month of March. He put March palm oil output at 920,000 tonnes against the ...
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