AGRI-BIZ & COMMODITIES
COMMODITY EXCHANGES
MCX warning on price rigging
MCX has warned members against rigging prices of illiquid contracts. In a circular to its members, MCX has said: "We have noticed that some of the trades have been executed at abnormally high price differences in illiquid ...
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RICE
NBHC starts paddy procurement
National Bulk Handling Corporation (NBHC) has bought 100 million tonnes of paddy in Madhya Pradesh on the first day of its procurement programme for the kharif season on behalf of Food Corporation of India. Private player NBHC has been ...
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LT Overseas lists at 7% premium
The stock of LT Overseas Ltd, manufacturer of Daawat Basmati rice, made a debut on the bourses at Rs 60, a 7.14-premium to the issue price of Rs 56. The stock peaked to Rs 62.90 on the BSE, fell to an intra-day low of Rs 51 before settling ...
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ANIMALS & LIVESTOCK
BV Bio, Yamit in marketing tie-up
BV Biologicals, a division of Venkateshwara Hatcheries Private Ltd Group, player in advanced biological, nutritional and management of the livestock industry, has signed a co-development and marketing agreement with Yamit ...
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AQUACULTURE
Symposium on fisheries development
The College of Fisheries, Mangalore in association with College of Fisheries Alumni Association will conduct an international symposium on `Sustainable fisheries development for food and health security' in Mangalore on December ...
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RUBBER
Rubber prices in correction mode
Spot rubber prices slipped into a corrective phase on Monday. Though the international markets were visibly bullish, the domestic trading centres experienced moderate selling pressure since most of the players believed that the prices were ruling ...
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MCX ups penalty for rubber futures
Multi Commodity Exchange (MCX) has raised the penalty for non-delivery of rubber futures from the January 2007 contract. The penalty has been increased to 15 per cent flat from 5 per cent for sellers and 10 per cent for buyers. ...
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TEA
Improved demand at Coimbatore tea auctions
Selective operation by CIS exporters
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Kannan Devan targets turnover of Rs 130 cr
Kannan Devan Hills Plantations Company Pvt Ltd, a new model business enterprise in the plantation sector with involvement of all employees as partners, has targeted a turnover of Rs 130 crore in the current financial year as against Rs 105 crore ...
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Rejuvenating old tea gardens
Mr Jairam Ramesh, Union Minister of State for Commerce, told newspersons in Agartala recently that the Union Government will spend nearly Rs 43 crore as part of the Special Purpose Tea Fund for rejuvenating the tea gardens in Tripura, which are ...
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Firm trend at Kochi tea sales
Good general demand propped up prices of most tea varieties at the Kochi tea auction. CTC dust grades were fully firm to dearer by Rs two to five, while medium varieties were up by Re 1 to Rs 2. Orthodox high grown dust varieties remained ...
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POULTRY
Suguna Poultry, SBI in pact for contract farming
To fund existing & new farmers in Coimbatore co's fold
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SPICES & CONDIMENTS
Dip continues in pepper futures
Declining trend continued in the pepper futures market on liquidation of futures by long operators and rumours that 500 bags of fresh pepper would be arriving at the terminal market. But, there were no such arrivals. Some switched over to other ...
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Pepper prices witness easy trend during Nov
Situation attributed to buyers' reluctance to make commitments
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AGRICULTURAL POLICY
Cabinet nod for sugar exports
The Union Cabinet on Monday gave its nod for sugar exports to those advance licence holders, who have pending export obligations. The sugar stock now is more than 70 lakh tonnes, which is 24 lt more than the buffer requirement. ...
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MERGERS & ACQUISITIONS
Vallabhdas Kanji buys Beeta Chem
Vallabhdas Kanji Ltd (VKL), Asia's largest processor of spices and part of the Rs 500 crore Kanji Morarji Group, has acquired Mumbai-based Beeta Chemicals for an undisclosed sum. Set up by an eminent scientist Dr Ramesh Mantri, Beeta Chemicals ...
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EVENTS
Awareness meet on GM crops in Salem
A joint awareness meet on genetically modified crops was held on Monday for the farmers in Salem by three institutions connected with agriculture with a view to enlightening the farming community. The meet was organised in the Krishi Vigyan ...
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