AGRI-BIZ & COMMODITIES
INFRASTRUCTURE
Rs 40-cr milling cluster at Madurai approved
THE Union Government has approved the establishment of a milling cluster at a cost of Rs 39.95 crore at Madurai for cereals, pulses and staples under public-private partnership, with a grant-in-aid of Rs 29.96 crore. The project will facilitate ...
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RUBBER
Spot rubber prices rule steady
THE stalemate continued as buyers and sellers stayed back in the market, while most of the spot rubber grades closed steady on Thursday. The buyer resistance failed to dampen the sheet rubber price as the reports about heavy and incessant ...
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Rubber export subsidy: Finance Ministry seeks clarification
THE Union Finance Ministry is learnt to have sought certain clarifications from the Commerce Ministry on the proposal to give subsidy for rubber exports in the current financial year, according to industry sources. "The Finance Ministry has ...
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TECHNICAL ANALYSIS
Spot gold may consolidate
SPOT gold prices corrected lower after reaching a six-month peak on the back of a weaker dollar, a less-than-expected rise in the US September payrolls and steadily climbing crude oil prices. The data bears significance as it comes four weeks ...
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GOLD & SILVER
European central banks' gold sales unlikely to affect prices
CENTRAL banks in Europe numbering 15 that renewed the gold sales agreement on September 27 have decided that their annual sales over the next five years will not exceed 500 tonnes and total sales over the period will not exceed 2,500 tonnes. ...
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Silver futures turnover on MCX surpasses TOCOM
THE trading volume of silver futures at the Multi-Commodity Exchange (MCX) surpassed the Tokyo Commodity Exchange's (TOCOM) volume on Tuesday. MCX recorded a daily volume of 571.49 tonnes valued at Rs 626 crore compared with the daily ...
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DAIRY & DAIRY PRODUCTS
Mother Dairy launches ultra heat treatment milk in Delhi, NCR
MOTHER Dairy today announced the launch of long-life UHT (ultra heat treatment) milk in the city. UHT milk undergoes a special process to become completely germ-free. It is then packed in a special, six-layer packaging that preserves the milk ...
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AGRICULTURAL INSTITUTIONS
Nabard offers AP Rs 500-cr loan for farmland development
`The Government and NGOs could work together in educating people in rural areas, particularly with regard to utilisation of power and adoption of cropping patterns.'
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OILSEEDS & EDIBLE OIL
Bumper soyabean crop in US likely to pull down prices
A MASSIVE increase in the forecast of US soyabean crop together with record world oilseeds output in 2004-05 is expected to put tremendous downward pressure on prices for oilseeds and oils, notwithstanding a lower opening world stock of oilseeds ...
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Aflatoxin-resistant GM groundnut in the offing
YET another genetically-modified (GM) crop is in the offing, and this time for controlling aflatoxin levels in groundnut, the country's largest produced oilseed. Scientists at the International Crops Research Institute for the Semi-Arid Tropics ...
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