AGRI-BIZ & COMMODITIES
COMMODITY EXCHANGES
`Foreign bodies keen to take part in commodity futures' — Cardamom futures go on stream
THE first cardamom futures contract in the world was launched by Mr Navin B. Chawla, Secretary in the Ministry of Consumer Affairs, Food and Public Distribution, at Kochi on Wednesday. The contract was launched on the National Multi Commodity ...
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IPSTA draws up futures plan for chilli, turmeric
THE India Pepper and Spice Trade Association (IPSTA), which has received permission in principle to commence futures trading in chilli and turmeric, is to send a team to Erode and Sangli for coordinating with the traders and studying the ...
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RUBBER
Rubber market remains idle
THE rubber market remained idle on Wednesday. Sentiments were neutral in the absence of any trend setting factors. Sheet rubber RSS 4 closed at Rs 49.75 as on Tuesday. Meanwhile RSS 3 declined to Rs 56.49 from Rs 56.61a kg at the Bangkok ...
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China emerging a key rubber producer in Asia
FROM an average rubber producer a few years ago, China has now emerged as a leading rubber-producing country in Asia with a total planted area of 625,600 hectares under rubber and production of around 500,000 tonnes in 2003 according to Mr Thomas ...
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SUGAR
Sugar body seeks extra free quota
THE Bombay Sugar Merchants' Association (BSMA) has urged the Union Government to release an additional free sale quota to check rising prices in the country. "Sugar prices in Mumbai have been persistently spiralling recently. In the course of ...
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TAXATION
TN waives land tax
CHENNAI: The State Government has waived land tax for the period between July 2003 and June 2004 as a concession to farmers hit by the drought, the Chief Minister, Ms J. Jayalalithaa, announced in the Assembly on Tuesday. Replying to the ...
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TEA
NGO moves SC on starvation at Bengal tea gardens
THE West Bengal Network for Right to Food and Work, a non-governmental organisation, has alleged that more than 1,000 deaths have taken place during October-December 2003 on account of starvation in the tea gardens of Jalpaiguri district in North ...
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Coonoor tea sale buoyant
THE post-Budget auctions conducted by the Coonoor Tea Trade Association (CTTA) showed signs of buoyancy with the quality teas fetching a sizable improvement in prices. Traders said the announcement of Rs 2 a kg subsidy and the bank loans at 9 ...
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COTTON
Cotton prices remain firm
COTTON prices in the domestic market are ruling firm on continued but selective buying from mills against limited selling. Select cotton varieties such as J-34 and Bengal Deshi have firmed up by Rs 300/600 per candy (356 kg) in the last 10 ...
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POULTRY
Fair to allay bird flu scare
SEVERAL film personalities, doctors and politicians will gather at People's Plaza on the Necklace Road on February 15 to say chick and egg! Coming to the rescue of the poultry industry in the State that is rattled by the "unfounded" fears of ...
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SPICES & CONDIMENTS
Cash crop
Preparations to grow vanilla vines are on in a farm on the outskirts of Bangalore. In a bid to cash in on good market demand, many farmers are taking up vanilla cultivation on a large scale. ...
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INCOME TAX
TN: Agricultural I-T for plantation sector scrapped
THE Tamil Nadu Government has done away with agricultural income-tax for the plantation industry. Presenting the budget for 2004-05, the Finance Minister, Mr C. Ponnaiyan, said that the move was to support the industry and to save on cost of ...
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EXPORTS & IMPORTS
Govt amends plant quarantine norms — Trade upset over methyl bromide stipulation
THE latest amendment to the controversial plant quarantine regulations for plants and planting material in force from January 1 this year has left the pulses trade fuming as none of the concerns of the trade have been addressed. Last week, ...
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