The Hindu Business Line : Tuesday, July 12, 2005

NMCE plans tie-ups with Chinese bourses
THE National Multi Commodity Exchange (NMCE) proposes to tie up with three Chinese commodity exchanges and the Singapore Commodity Exchange. Mr Kailash Gupta, Managing Director of NMCE, who was part of the high-level Government delegation that ... More

AQUACULTURE

Fishing ban in DK, Udupi districts
THE Karnataka Government has asked fishermen, who go in for multi-day deep-sea fishing on August 3, to return to the harbour only after August 10. In a notification here, the Additional Secretary of Department of Animal Husbandry and Fisheries ... More

RUBBER

Rubber rules firm on tight supply
SPOT rubber prices were firm on Monday. Though the leading international markets appeared to be in a corrective phase, domestic markets remained bullish amid tight supply. RSS 4 closed better at Rs 64.50 and Rs 65 a kg against Rs 64 and Rs ... More

TEA

Bengal tea industry comes to a standstill
IN response to a strike call by the five lakh workers of the West Bengal tea industry, all activity in the tea industry in Darjeeling, Dooars and Terai has come to a halt. Industry sources said that no plucking had been reported from any of the ... More

Plea for uniform VAT rate for tea rejected
THE Empowered Committee of State Finance Ministers on Value Added Tax (VAT) has poured cold water on tea industry's demands for a uniform 4 per cent VAT rate on tea. The VAT panel does not see the current trend of variation in VAT rates on tea ... More

Prices rise at Coonoor sales on demand
THE return to the manual auctions, stoppage of the private and out-lot sales and a pick up in the demand for low-priced teas led to increased sales and a marginal improvement in prices at the auctions of the Coonoor Tea Trade Association (CTTA). ... More

TN subsidy for Nilgiris small tea growers
THE Tamil Nadu Government has announced a subsidy scheme to help small tea growers in the Nilgiris, in the light of a steep fall in market prices. Under the scheme, tea growers having up to 25 acres will get Rs 2 a kg of green tea leaf. This ... More

PRECIOUS METALS

Blasts fail to fire gold
MUMBAI: If anyone thought gold would stay firm after registering a sharp rise (jumped to $428.50 an ounce) following Thursday's London bomb blasts, there was only disappointment. The yellow metal corrected down to less than $423 an ounce ... More

OILSEEDS & EDIBLE OIL

Oilseeds crop hopes hinge on more rains
SOWING of kharif oilseed crop is facing problems with major soyabean growing areas receiving insufficient rains and some areas needing replanting after flood damaged the fields. "Vidharbha, the main area for soyabean, has not received ... More

SPICES & CONDIMENTS

Free trade pacts turning a tool to dump spices
EVER since the Free Trade and Preferential Trade Agreements (FTA/PTA) between India and its neighbours have come in to force, spices that are not even grown in these countries are landing here as produce of those nations. Spices qualified for ... More

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