The Hindu Business Line : Saturday, July 15, 2006

HORTICULTURE/FRUITS & VEGETABLES
Futures trouble — NCDEX, MCX backtrack on onion trading
Controversy on the role of futures trading in the light of recent spurt in wheat prices seems to have taken the wind out of proposed forward contracts on onions. NCDEX, which had announced launch of onion contracts on July 7, has reportedly ... More

RUBBER
Lack of buying hits spot rubber
Spot rubber weakened on Friday. The market lost ground as all major international commodity exchanges finished in the negative territory. Covering groups and purchase agents were not at all interested to enhance their commitments and major ... More

SUGAR
Pilot project to cultivate sugar beet
To be planted in 100 hectares in Jalna, Ahmednagar More

Orissa urged to take up sugarcane farming in a big way
`State's rural economy could witness drastic changes' More

TEA
AP to examine VAT rate on tea
The Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, on Thursday assured industry that he would examine the issues relating to levy of 12.5 per cent value added tax (VAT) on tea. Industry has pointed out that certain neighbouring ... More

GOLD & SILVER
Crude, geo-political concerns driving gold
Firm dollar hasn't curbed increase in yellow metal rates More

METALS
Analysts bullish on steel, non-ferrous metals
A robust outlook for the end-user industries More

OILSEEDS & EDIBLE OIL
World oilseeds output seen down
Record oilmeals production likely More

Vegoil tariff values hiked
Sharp increase in crude soya oil rate More

Edible oils strengthen
All major edible oil prices strengthened further on the local edible oil market on Friday on continued local buying. Groundnut oil raw was up Rs 6 at Rs 518 per 10 kg. Refined soya oil was steady at Rs 405 per 10 kg. Imported crude soya oil was ... More

SPICES & CONDIMENTS
STCL net up 67 pc
STCL Ltd, formerly Spices Trading Corporation Ltd, has reported 67 per cent rise in net profit and nine per cent growth in revenues for 2005-06. The company reported net profit of Rs 5.98 crore on turnover of Rs 470.78 crore, compared to net of ... More

GENERAL INSURANCE
Kerala launches deficit rain insurance cover
A scheme to extend insurance cover to paddy farmers, who suffer shortfall in crop yield on account of deficit rain, has been launched in Kerala. The scheme, Varsha Bima-2006, launched by the Agriculture Insurance Company of India Ltd in ... More

INTERVIEW
`Crude may top $80 in short term'
The Senior Vice-President of Purvin & Gertz, Mr Victor Shum, believes that crude is likely to touch $80/barrel in the short-term. He also says the West Asia tension will keep crude prices high, along with hurricanes in the Gulf of ... More