The Hindu Business Line : Thursday, June 16, 2005

Decision on MF, FII role in commodity bourses soon — FMC panel looking into the issue
AN internal committee of the Forward Markets Commission (FMC) will soon come out with recommendations on the proposal to allow mutual funds and foreign institutional investors to invest in the country's commodity futures market. After the ... More

NCDEX installs price ticker boards in Cote-d'Ivoire
THE National Commodity & Derivatives Exchange Ltd (NCDEX) has installed price ticker boards in Abidjan in Cote-d'Ivoire (Ivory Coast).Cote-d'Ivoire is one of the major exporters of raw cashew to India. This is the first time that NCDEX price ... More

CONTRACT FARMING

SBI(Mumbai circle) ties up with Growell Agro
MUMBAI: State Bank of India, Mumbai Circle, will be entering into a tie-up with Growell Agro Forestry Corporation to launch contract farming. Under this scheme, SBI will provide finance to cover 5,000 acres of wasteland and degradable ... More

STORAGE

Adani bags contract to build silos for FCI
AHMEDABAD-based Adani Group has bagged the mandate to construct bulk silos for storing and handling grain for the Food Corporation of India (FCI). The project involves creation of 18 lakh tonnes of grain storage and handling capacity by the ... More

AQUACULTURE

IOC to introduce branded diesel for fishing sector
THE Kochi Division of Indian Oil Corporation is all set to launch their premium grade diesel across almost all their outlets in the fishing sector soon. The Senior Divisional Retail Sales Manager, IOC, Kochi, Mr Soman Mathews, launched the ... More

INSIGHT

Monsoon worries — No threat to food security
The performance of the farm sector in 2004-05 was below-average because of the uneven distribution of monsoons across agro-climatic zones. This phenomenon may well recur in the months ahead. But, as there are enough stocks of wheat and rice to last t ill the next season, the impression that imports may have to be resorted to because of monsoon failure is baseless, points out G. Srinivasan. More

COMMODITIES

Silver up further
SILVER moved up further, while gold rule steady on the local bullion market on Wednesday on firm overseas market and steady buying. Pure gold .999-fineness closed steady at Rs 6,120 for 10 grams. Standard mint closed higher at Rs 6,090 for 10 ... More

HORTICULTURE/FRUITS & VEGETABLES

Tomato prices at all-time low in TN
TOMATO growers in Tamil Nadu are an aggrieved lot. Contrary to expectations, the rates have taken a beating this year. Market sources expect the trend to continue for some time. The sudden drop in rates has been attributed to heavy arrivals of ... More

RUBBER

HML board clears Erumely rubber estate sale
THE Kochi-based Harrisons Malayalam Ltd (HML) of the RPG group plans to sell its rubber estate at Erumely in Pathanamthitta district to liquidate its accumulated losses. The board of directors, which met in Kolkata on Wednesday, has approved ... More

Delayed monsoon hits rubber prices
DELAYED monsoon and the absence of major manufacturers hammered spot rubber prices on Wednesday. Covering groups and purchase agents were sidelined even amidst weak arrivals as the market failed to absorb the scattered selling from traders. ... More

SUGAR

DCM Shriram to expand sugar, chlor alkali capacities
THE Rs 2,000-crore DCM Shriram Consolidated Ltd (DSCL) has approved a proposal to expand its sugar capacity from 14,000 TCD to 28,000 TCD in Uttar Pradesh and chlor-alkali capacity from 250 TPD to 310 TPD at Kota. The company has also decided ... More

DAIRY & DAIRY PRODUCTS

Now, Mother Dairy products in Kolkata
AFTER expanding in Mumbai and Punjab, the Delhi-based Mother Dairy India Ltd has entered the eastern region. The company will further expand its reach to South India during this fiscal. Addressing a press conference in connection with the ... More

AGRICULTURAL INSTITUTIONS

Downloading reforms
Sacks of grain for procurement by Food Corporation of India being unloaded from a goods train at the Thrissur railway goods yard. The FCI is reported to have appointed McKinsey to come up with reforms to improve its efficiency. The reforms ... More

COTTON

Cotton Corporation begins purchases in TN
COTTON Corporation of India (CCI) has launched its market intervention in Tamil Nadu by starting purchases at minimum support price (MSP) in two southern cotton centres of Paramakudi and Rajapalayam today. According to CCI official circles ... More

COCONUT & COPRA

Industry urged to tap full potential of coconut trees
THE industry has to tap the full potential of the coconut tree as a renewable resource, which could be used to generate a range of environment-friendly, natural products with a wide variety of end-uses and applications, according to Dr P. ... More

CASHEW

Raw cashew nut imports up in line with rising kernel exports
EVEN as cashew kernel export has increased in recent months, the industry's dependence on imported raw nuts has gone up substantially, with indigenous production failing to keep pace with the growing demand for the raw material. Export in ... More

COFFEE

`Popularise coffee in rural areas'
INDIA may be the world's fifth largest producer of coffee with an annual output of about three lakh tonnes, but its domestic consumption is woefully low with condoms, sanitary napkins and even lipsticks outselling it in rural areas. "Coffee ... More

AGRICULTURAL POLICY

Maharashtra to amend APMC Act
Farmers in the State will now be able to sell their produce in open markets and not remain shackled to the APMC (Agricultural Marketing Produce Committee) market yards. A Bill to amend the Act would be introduced in the forthcoming monsoon ... More

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