The Hindu Business Line : Wednesday, February 16, 2005

NCDEX, GAIL in pact for natural gas spot trading
NATIONAL Commodity & Derivatives Exchange Ltd (NCDEX) and GAIL (India) Ltd on Tuesday signed a memorandum of understanding (MoU) that will enable both organisations to jointly work for the development of a spot market for natural gas in the ... More

RUBBER

VAT confusion sends rubber prices tumbling
THE uncertainty prevailing in Kerala over the application of value added tax (VAT) on natural rubber from April 1 this year has started to drive the prices down. However, experts are of the view that prices may not fall beyond a certain extent ... More

Rubber dips on fresh sales
AFTER a short recovery on export news, the rubber market declined again on Tuesday. Fresh selling from dealers hammered major grades while ISNR 20 and latex were steady and rather inactive. The uncertainty continued to dampen the market ... More

SUGAR

Sugar stocks sweeter on spiralling prices
SUGAR stocks continue to sweeten market sentiment despite a substantial run-up in the recent months. Among the big movers in the sector today were Oudh Sugar (up 8 per cent); Bajaj Hindusthan (up 4.50 per cent); Dhampur Sugar (up 3.50 per ... More

OILSEEDS & EDIBLE OIL

Govt hikes import duty on palm oils; base prices cut
IN a major pre-Budget tariff restructuring exercise, the Government today hiked the basic Customs duty on the entire palm oil complex, alongside a reduction in tariff values or base prices for computation of duty liability by importers. The ... More

Effect of palm oil duty hike unlikely to be harsh
Palm oil prices are expected to further shed the gains made in recent days and move below the psychological MYR 1,300 a tonne over the next two to three days this week . More

Soyabean rust posing threat to US
THE seriousness of the Asian soyabean rust threat to the forthcoming American soyabean crop is now becoming increasingly clear so much so that Washington believes the disease could permanently alter the country's agricultural scenario. Indeed, ... More