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Friday, July 23, 2004

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AGRI-BIZ & COMMODITIES

COMMODITY EXCHANGES
NCDEX to launch castorseed futures today
STARTING from Friday, the National Commodity & Derivatives Exchange (NCDEX) will be launching futures trading in eight commodities. The futures contracts are - castorseed (July 23), guar gum and raw jute (July 26), sugar and turmeric (July . More

FARM CREDIT
`Value-addition in agriculture must'
THE Chief Executive Officer of the Dakshina Kannada Zilla Panchayat, Mr H.G. Shivananda Murthy, has stressed the need for according priority to value-addition in agriculture. A press release by the Nertravati Grameena Bank said on Thursday ... More

  • Andhra Bank cuts farm loan rates

    RICE
    KRBL ties up with agro firms for inputs to farmers
    KRBL Ltd, a rice exporting firm, has set up an `Agri Services Division' under Farm Management Services (FMS) comprising agriculture experts such as entomologists, pathologists, soil scientists and agri-extension workers to strengthen its ... More

    PESTICIDES
    As monsoon plays truant — Agro-chemical firms pin hopes on exports
    If domestic sales get affected on poor rains, the companies could look at the overseas markets. More

    RUBBER
    Mixed trend in rubber prices
    SHEET rubber RSS 4 lost 25 paise to close at Rs 66.50, while the domestic rubber prices showed a mixed trend on Thursday. The retreating monsoon kept the buyers inactive as the market appeared to be slipping slowly into a sellers' mode. All the ... More

    TEA
    Iran lifts ban on India tea; exports set to resume
    WITH the Iranian Government lifting the ban on import of Indian tea, a delegation from that country, which is visiting India, has expressed interest in buying orthodox tea. According to sources in the domestic tea industry, the ban was lifted ... More

    TECHNICAL ANALYSIS
    Gold may test support levels
    GOLD prices moved lower on Wednesday after the Federal Reserve Chairman speaking to congressional committee painted an optimistic picture about the US economy and dismissed recent signs of fragility and reiterated that the central bank would ... More

    AGRICULTURAL INSTITUTIONS
    Icrisat to boost legumes output in Philippines
    THE International Crops Research Institute for the Semi-Arid Tropics (Icrisat) has initiated a new project with the Philippine Council for Agriculture, Forestry and Natural Resources (PCARRD) to enhance the adoption of the institute's peanut, ... More

    SPICES & CONDIMENTS
    Spices export doubles in Q1
    EXPORT of spices during the first quarter of the current fiscal has more than doubled in terms of volume, while, in value, it has increased by Rs 172.55 crore. Chilli continued to perform well with a substantial increase in exports by 25,250 ... More

    NATURAL CALAMITIES
    Tackle drought, States urged
    THE Federation of Indian Chambers of Commerce and Industry (FICCI) has urged the State Governments to take up immediate steps to tackle the looming drought. The retarding monsoons have pushed back the prospects of the agriculture sector with ... More

    STANDARDS & BENCHMARKS
    Exporters concern over new European food law
    AFTER the US bio-terrorism law, Indian exporters are now dreading the European General Food Law, which comes into effect from January 1, 2005. According to a statement by EAN India (a non-profit organisation under the Ministry of Commerce), ... More




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    Top Stories
    Tax modifications spell positive for MFs


    New VRS for insurance staff likely

    Satyam to spend Rs 150 cr on expansion this year — To open near-shore centre in Hungary

    Cement, steel slowdown hits core sector growth

    India left out of 6-nation pact for low-cost AIDS drugs

    Iran lifts ban on India tea; exports set to resume

    ACC first quarter net up 84 pc on higher realisation

    Looking back
    Jul. 11-Jul. 17
    Errant monsoon slows kharif sowing

    Tata Tea to boost global presence — Focus to remain on branded business

    One-time settlement plan for small farmers — IBA asks banks to implement farm schemes

    Dry spell may impact coarse grains, pulses

    Record world oilseeds output forecast this year

    RBI under attack for curbs on gold import

    Insurance scheme for deficient rainfall launched

    As domestic, global price band widens — Rubber imports under OGL could turn viable

    Rescheduling of farm loans to lift credit offtake


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