Business Daily from THE HINDU group of publications
Wednesday, March 14, 2007
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AGRI-BIZ & COMMODITIES

CLIMATE & WEATHER
Plains may see fair skies until March 20
Night temperatures likely to fall 2-4 degrees C; day temperatures may rise More

RUBBER
Spot rubber rules steady
Physical rubber prices closed on a steady note on Tuesday. Another gain in global indices failed to cheer the traders since there were no quantity buyers in the domestic market to support the trend. Sheet rubber finished flat at Rs 87.75 and ... More

TEA
Tea exporters await VAT waiver
Exporters are seeking VAT exemption for tea purchases at auctions in Coonoor and Coimbatore. There are indications that they will not buy at this week's auctions also until they are assured nil-tax operation. "In Kochi auctions, exporters are ... More

`Allow sick tea cos to access special purpose fund'
More

WATER
Irrigation benefits
The report "Rs 35,000 crore infusion fails to lift irrigation benefits" (Business Line, March 6) has not presented the full facts and the conclusions drawn are not correct. There has been considerable increase in the irrigation potential ... More

ITC, Rajasthan tie up for watershed development
It will focus on efficient water use, agri-marketing, micro credit, etc. More

GOLD & SILVER
NFO period for UTI Gold ETF extended
UTI Mutual Fund has extended the new fund offer period for its UTI Gold Exchange Traded Fund to March 16, said Mr Jaideep Bhattacharya, Chief Marketing Officer, UTI MF. ... More

COTTON
Mumbai to host 2-day cotton meet
Buoyed by a bumper cotton production estimate of 270 lakh bales for 2006-07 and increasing global demand, the East India Cotton Corporation and the UK-based cotton trade magazine Cotton Outlook are organising a two-day international cotton ... More

OILSEEDS & EDIBLE OIL
PALM OIL PRICE OUTLOOK
Palm oil industry upbeat; experts foresee volatility
Crude palm oil may trade around MYR 2,000/t More

Malaysia hopeful of more trade with India
Minister welcomes Customs duty cut on palm group of oils More

Call to increase oilseeds production
Shortage of oilseeds is also bound to result in scarcity of de-oiled meal such as soya cakes and barley feeds More

SPICES & CONDIMENTS
Speculation keeps pepper futures hot
Players on wait and watch mode More

GENERAL INSURANCE
INSURANCE — THE ROAD AHEAD
Steps on cards to raise agriculture cover
Agriculture insurance in the country could eventually become a risk mitigation tool for farmers as some significant changes are on the anvil. While it may take a year for sweeping changes to take place, a few crucial steps could be taken this ... More

COMMODITY MARKETS
Fears of lower output prop up barley, chana contracts
Barley futures on NCDEX gained 3.15 per cent to Rs 745 per quintal on market expectations of a lower production estimate of 1.4 million tonnes in 2007-08 against 1.8 million tonnes last year. It registered a total volume of Rs 8-10 ... More

BONUS ANNOUNCEMENTS
Wheat bonus issue referred to Cabinet
To await a clear picture of the crop in the next 4-5 days More

BOOKS
First issue
FOCUS COMMODITY: The Union Minister for Panchayati Raj, Mr Mani Shankar Aiyar, releasing the first issue of "MCX India Commodity Market", a monthly magazine that focuses on opportunities and benefits of commodity market. Seen with him is the MCX ... More






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