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Friday, April 09, 2004

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AGRI-BIZ & COMMODITIES

COMMODITY EXCHANGES
NCDEX to begin Web trading from Apr 12
NATIONAL Commodity & Derivatives Exchange Ltd (NCDEX) plans to introduce Internet-based trading facility for its members, which would be available in all eligible contracts with effect from April 12. This will be in addition to the existing ... More

FARM CREDIT
Nabard puts AP farm credit potential at Rs 22,538 cr
NABARD or the National Bank for Agriculture and Rural Development has projected a credit potential for agriculture and allied activities, including non-farm sector for Andhra Pradesh of Rs 22,538 crore during 2004-05. This represented a 19.5 per ... More

Drought dries up lending options for banks in Kerala
PUBLIC sector banks in the State can at best defer recovery of crop loans outstanding and waive, in selective cases and subject to conditions, a portion of the interest payments. Explaining the bankers' case to Business Line, Mr S.C. ... More

RUBBER
Rubber prices flat on dull trading
BEING Maundy Thursday, spot rubber rates remained unchanged in the absence of any trading interests. The market was in a holiday mood. RSS 4 closed at Rs 57.00 a kg consecutively for the third day. The rubber futures was almost steady on ... More

TECHNICAL ANALYSIS
Gold prices may consolidate
GOLD prices moved sharply higher overnight after instability in Iraq intensified. The dollar, which was firm due to a surprisingly higher jobs data, released last Friday, lost its vigour on renewed euro strength. The news of a sharp rise in the ... More

FOODGRAINS
Demand flows for corn; exports may top 10 lakh t
DEMAND for Indian corn in the global market is expected to continue, especially from Far-East and South-East Asia on sharp rise in oilmeal and other animal feed prices. "Demand for our corn continues and so far, contracts for five lakh tonnes ... More

AGRICULTURAL INSTITUTIONS
FIB panel reconstituted
THIRUVANANTHAPURAM: The Advisory Council to the Farm Information Bureau (FIB) has been reconstituted with the Agricultural Produce Commissioner as Chairman and the Principal Information Officer, FIB, as convenor. Other members of the ... More

OILSEEDS & EDIBLE OIL
`Evolve oilseeds varieties resistant to drought'
OILSEEDS scientists expressed the urgent need for drawing up newer strategies to reverse India's status from a net importer of edible oil to a net exporter. Taking stock of the oilseed situation in the country, researchers who took part in the ... More

SPICES & CONDIMENTS
Vietnam, Cambodia to become IPC members
VIETNAM, now the top producer and exporter of pepper in the world, will become a member of the Jakarta-based International Pepper Community (IPC) before the 32nd session/meetings of IPC to be held from September 27 to 30 at Jogyakarta in ... More

AGRICULTURAL POLICY
Don't allow subsidy spat to derail farm trade reform
IT is unclear at this point of time how much should be read into the ongoing war of words between world's two important trade officials as to what constitutes farm support in developed countries. But, surely, what's clear is that, if not checked ... More

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