The Hindu Business Line : Wednesday, August 31, 2005

FMC planning to abolish changes in futures contract specifications
THE Forwards Market Commission (FMC) will soon prepare a proposal on participation of mutual funds and financial institutions in multi-commodity exchanges. According to Mr S. Sunderashan, Chairman of FMC, the proposal will be based on a report ... More

WHEAT

Wheat prices likely to be steady
WORLD wheat market fundamentals have undergone subtle changes over the last four weeks. This follows expectation of slightly improved global prospects vis-à-vis a month earlier, emerging quality concerns in the US spring crop, unchanged world ... More

PULSES

Maharashtra wants ban on kesari dal to go
THE Maharashtra Government is pushing hard to rescind a ban on kesari dal that has been in force across the country for almost 45 years. The Maharashtra Government, having sought the permission of the Centre to lift the ban almost a year ago, ... More

HORTICULTURE/FRUITS & VEGETABLES

Supply glut
A worker picking up sweet lime at the Gaddiannaram Fruit Market near Saroornagar on the outskirts of Hyderabad on Tuesday. Heavy arrivals from nearby Nalgonda have led to fall in its prices. Currently, sweet lime is quoted at Rs 6,500-Rs 7,000 a ... More

Karnataka to market organically grown items under `Jaivik'
THE Department of Horticulture in Karnataka, which has taken steps to popularise the concept of organic farming among farmers, is now making efforts to market organically grown items under a brand name. `Jaivik,' as the name suggests, is an ... More

More loads to carry
A worker carries a bag of potatoes at the Agriculture Produce Marketing Co-operative yard at Yeshwanthpur in Bangalore on Tuesday. Potato retail prices have crashed to Rs 5 a kg from Rs 12 due to higher production. The wholesale price is now ... More

RUBBER

Spot rubber prices move up further
SPOT rubber moved up further on Tuesday. Moderate buying from the tyre sector and other major consuming sectors kept market firm throughout the session. Sheet rubber RSS 4 improved to Rs 57.50 from Rs 57 a kg at Kottayam but closed steady at ... More

SUGAR

Bajaj Hindusthan board okays 55% stake in Pratappur Sugar
THE board of directors of Bajaj Hindusthan Ltd has approved the acquisition of a 55 per cent stake in Pratappur Sugar and Industries Ltd (PSIL) for Rs 10.89 crore. Bajaj Hindusthan informed the BSE on Tuesday that it plans to acquire 19.80 ... More

Shree Renuka Sugars plans IPO to fund Rs 128-cr expansion
SHREE Renuka Sugars Ltd is planning to make a public issue of equity shares at a premium aggregating Rs 100 crore with a green shoe option aggregating Rs 10 crore through a 100 per cent book building process. The IPO will meet part of the ... More

Simbhaoli Sugar rights issue opens on Sept 9
THE Simbhaoli Sugar Mills Ltd is coming out with a rights issue. The issue opens on September 9 and closes on October 8. Mr Sanjay Tapriya, Director (Finance), said that 87,84,622 equity shares of Rs 10 each would be offered for cash at a ... More

TEA

Quality tea stirs industry revival
LED by high-quality teas, the tea industry that was besieged by un-remunerative prices for the past five years, is staging a comeback. "Quality teas have always have always been attracting buyer's attention and such teas are the first to ... More

COFFEE

Coffee output may be hit on dropping
HEAVY monsoon rains leading to dropping of coffee buds are likely to result in a lower than anticipated crop next season beginning October. The Coffee Board, in its post-blossom forecast for 2005-06 season, had projected the production to be ... More

EVENTS

On the wrong side of the fence
Farmers, who arrived in Hyderabad under the aegis of Bharat Khet Mazdoor Union to participate in a rally at Indira Park on Tuesday, take in the view of the city. They are demanding better agricultural inputs like seeds and fertilizers, and job ... More

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