The Hindu Business Line : Wednesday, February 28, 2007

ECONOMIC SURVEY
COMMODITY COMMENTARY
Optimism on commodity exchanges unfounded
The Economic Survey 2006-2007 has expressed confidence that the commodity futures exchanges, which have seen a consistent increase in turnover over the past few years, may remain vibrant in 2007-08 witnessing larger volume and value of ... More

Govt defends role of commodity exchanges
Next fiscal may witness rise in trade volume, value More

Pulses de-listing downplayed
There is belief that the Economic Survey has sought to downplay the "political risk" associated with commodity futures trading. The chapter on "Commodity futures market", says: "A temporary ban was imposed on futures trading in urad and tur dal ... More

RUBBER
Spot rubber declines on global cues
Spot rubber moved down on Tuesday. According to market circles, the trend of the day was set by Budget fears and a slip in international indices mainly TOCOM. Sheet rubber RSS 4 moved down to Rs 95 and Rs 95.25 a kg respectively at Kottayam ... More

WATER
Canal breach
A BREACH IN the Bonakal branch canal of the Nagarjunasagar left canal system on Tuesday.

GOLD & SILVER
Gold BeES raises Rs 100 cr
Gold BeES, India's first gold-exchange traded fund from Benchmark Asset Management Company, has collected around Rs 100 crore in its new fund offer (NFO) period, sources said. The fund has received around 15,000 applications from individuals ... More

FOODGRAINS
Inflation fears pull down chana, wheat
The concern of the Economic Survey 2006-07 over high inflation rate pulled down chana, wheat and guarseed futures on the NCDEX. Chana futures on NCDEX fell 1.17 per cent to Rs 2,110 per quintal. The Government estimates place chana rabi ... More

JUTE
Bleak future
`MEANINGLESS' BUDGET: Jute mill workers and their families at the Shyam Nagar workers' quarters in Kolkata on Tuesday. The workers in West Bengal are having a hard time as some 54 mills across the State have been closed from January 5 due to the ... More

SPICES & CONDIMENTS
Pepper rises on rumours of hike in Vietnam price
Pepper futures market moved up on rumours that prices in Vietnam have increased and that there might be some announcements in the Union Budget to be presented on Wednesday in the Parliament about WTO compatible subsidy for export of ... More

Blowing hot & cold
UNCERTAINTY IN MARKET: Pepper harvesting in progress at a farm near Kochi, Kerala. Pepper prices have turned volatile on uncertainty over delivery by sellers. However, good demand in the domestic market is preventing any sharp fall in the prices ... More

MARKETING
e-Choupal, a novel pvt sector initiative: Survey
The e-Choupal agricultural marketing model of ITC Ltd has been mentioned in the Economic Survey 2006-07 as among the "novel private sector initiatives" aimed at improving the marketing channels in agriculture. The Economic Survey for 2006-07 ... More