Financial Daily from THE HINDU group of publications
Wednesday, June 08, 2005
Agri Prices (July 26)
Sugar 301837 (1850)
Groundnut oil ready480 (480)
Coconut oil ready5290 (5350)
Pepper garbled ready6200 (6200)

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AGRI-BIZ & COMMODITIES

COMMODITY EXCHANGES


NMCE launches T+2 spot contracts in rubber, pepper
THE National Multi Commodity Exchange of India on Tuesday launched T+2 spot contracts in RSS 4 grade rubber and Malabar garbled black pepper. This will facilitate trading and settlement in two days. In his inaugural address, Mr D.K. ... More

MCX launches composite futures index
THE Multi Commodity Exchange (MCX) today launched MCX-Comdex, its composite commodity futures index. This index encompasses futures contracts drawn on commodities - bullion, crude oil, and agri traded on MCX.At the launch function, Mr S. ... More

WHEAT


Govt raises wheat buffer norm for 3 quarters
THE Ministry of Consumer Affairs, Food and Public Distribution has increased the foodgrains buffer norms for three quarters and decreased it for one. Given the revised norms, it would be a difficult task for the Government to reach the minimum ... More

AQUACULTURE


Bengal may miss its favourite `Hilsa' this monsoon
HARD times are ahead for lovers of the hilsa. The hope of having a sumptuous meal of Bengal's favourite fish may not materialise this monsoon. Even if one catches a glimpse of it in the nearby market, beware of the price tag. Hilsa imports ... More

CIFT develops device to cut by-catch from shrimp trawls
THE Central Institute of Fisheries Technology (CIFT) has developed a juvenile fish excluder-cum-shrimp sorting device that helps to reduce by-catch from shrimp trawls and protect juvenile fish. The new device is expected to answer one of the ... More

PLANTATIONS


APMAP urged to expand activities
THE Chief Minister, Dr Y.S. Rajasekhara Reddy, has asked the State Medicinal and Aromatic Plants Board (APMAP) to work in coordination with the Girijan Cooperative Corporation, Forest Development Corporation and the Horticulture Department to ... More

RUBBER


Mixed trend in rubber market
Bullish international markets and monsoon fears kept sheet rubber firm and the grade improved to Rs 64.50 from Rs 64 a kg on Monday. According to observers, most of the dealers and growers continued to hold the stock to sell at higher levels ... More

TECHNICAL ANALYSIS


Coffee may zoom higher
THE near month CSCE coffee futures price appears to be on course to hit the target zone of 150-160 cents (per pound) that was mentioned earlier (edition dated December 20). Coffee prices zoomed to a high of about 140 cents in March and have since ... More

AGRICULTURAL INSTITUTIONS


New CGM for Nabard(AP)
HYDERABAD: Mr V. Ramakrishna Rao took over as the Chief General Manager of Nabard (National Bank for Agriculture and Rural Development), Andhra Pradesh Regional Office, on Monday, from Mr J.R. Sarangal. Mr Rao was earlier the Chief ... More

COFFEE


Lower output, higher prices hit coffee exports
COFFEE exports have shown a sharp decline during the first six months of the calendar year but it is expected to look up and recover to some extent by September. "Things had slowed down a bit earlier. Now, they are looking up," said Mr G.V. ... More

GENERAL INSURANCE


ICICI Lombard offers weather insurance cover for crops in AP
ICICI Lombard General Insurance Company is offering a comprehensive and generic weather insurance policy to cover all major crops in Andhra Pradesh. The key feature of the ICICI Lombard Weather Insurance is that the claim settlement would be ... More

AGRICULTURAL POLICY


Cotton Corporation to begin MSP operations in TN
COTTON Corporation of India (CCI) will commence its minimum support price (MSP) operation in Tamil Nadu by June 15. The MSP operation by the corporation has followed complaints of falling prices of summer cotton whose first picking is to gain ... More

WTO


Keep your word on farm products, Chidambaram tells developed nations
THE Finance Minister, Mr P. Chidambaram, on Tuesday urged the developed countries to keep up their WTO commitments of giving market access to agricultural products from developing countries and eliminating farm subsidies. "It is now widely ... More


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May. 29-Jun. 4
Silver rallies on ETF launch buzz

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GEAC move to amend rules for approving Bt cotton — Rift between Monsanto sub-licencees, others widens

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Campco wins order to export arecanut to Pak


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