The Hindu Business Line : Thursday, May 05, 2005

NCDEX to impose fine on members violating norms
THE National Commodity & Derivatives Exchange (NCDEX) has decided to levy a fine on any member violating rules during inspections from May 16, to ensure better compliance. The step to impose fines is based on the experience gathered on ... More

RUBBER

Buyers' resistance keeps rubber on leash
SPOT rubber prices turned steady on Wednesday. Though market circles indicated fears on shortage of rubber even during May, as latex production is low according to reports from plantations, strong buyer resistance prevented the prices from ... More

TEA

Prices decline on huge offerings at Coonoor sales
PRICES declined sharply at the auctions conducted by the Coonoor Tea Trade Association this week with buyers taking note of the increased crop arrival and prospects. "As much as 11.38 lakh kg are on offer this week. For the next sale, it will ... More

COTTON

GM cotton: Role for agri varsities in licensing
THE Genetic Engineering Approval Committee (GEAC) has agreed to involve the State agricultural universities in the process of granting of licences to private companies wanting to undertake field trials of genetically engineered or modified ... More

COCONUT & COPRA

Looking down
A worker drying coconut for making copra at Kodungallur near Kochi. Copra had been in short supply at the beginning of the year but currently, the situation has improved. As a result, copra prices have declined to Rs 3,875 a quintal from Rs 4,900 ... More

SPICES & CONDIMENTS

Drop in shipments to US affects pepper exports; down to below 15,000 t
With Vietnam offering pepper at competitive prices, much of the market hold has been lost. More

EU may scan all spices import for harmful dyes
EUROPEAN Union authorities are keen to impose strict checks on all spices for any dye that could be harmful if consumed by humans. EU authorities are asking all member-states to follow the British lead and ensure that all categories of spices ... More

COMMODITY MARKETS

Commodities: India still off from being next China
WILL India be the next China for commodities? This is the multi-billion dollar question everyone in the global marketplace is asking. Rapid economic growth in recent years (GDP growth more than 6 per cent) has made India one of the fastest ... More

WTO

India for resolving stalemate in WTO agriculture issues
INDIA today urged the developed countries to resolve the issue of converting specific duties to ad valorem equivalents that has stalled the negotiations on agriculture under the World Trade Organisation's Doha Round trade talks. Taking part in ... More

EXPORTS & IMPORTS

Pakistan `allows' duty-free import of meat, vegetables — Cautious welcome from Commerce Ministry
ISLAMABAD'S reported decision to allow duty-free direct import of meat and certain vegetables from India and other neighbouring countries, to tide over domestic shortage, has been cautiously welcomed by the Commerce Ministry since official ... More

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