The Hindu Business Line : Monday, July 02, 2007

COMMODITY EXCHANGES
NMCE fixes circuit filter at 2% for rubber futures
Ahmedabad, July 1 The National Multi-Commodity Exchange (NMCE) has reduced the limit on daily price fluctuation in all rubber futures contracts traded on its terminals to two per cent on either side from Monday. And if the price hits either ... More

CLIMATE & WEATHER
Mumbai is not rained out just yet
Thiruvananthapuram, July 1 The India Meteorological Department’s (IMD) grim long-range outlook for monsoon (seven per cent deficit) has contrastingly triggered one of the wettest sessions yet for central and west India as a well-marked ... More

CONTRACT FARMING
FICCI for contract farming, direct purchase from farmers
New Delhi, July 1As the Central Government starts formulating model rules under the State Agricultural Produce Marketing (Development and Regulation) Act 2003, industry chamber FICCI has called for facilitating direct procurement of produce ... More

HORTICULTURE/FRUITS & VEGETABLES
Cadbury India in pact with TN Horticulture Dept
To promote cocoa as intercrop in coconut farms More

TEA
Good demand for CTC teas
There was a good demand for CTC teas in all three North India tea auction centres at Kolkata, Guwahati and Siliguri in the week ended June 30, according to the tea auctioneers, J. Thomas & Company Pvt Ltd. Good Assam CTC remained a ... More

TECHNICAL ANALYSIS
Bullish reversal likely in gold
COMEX gold futures tested supports and rose higher in line with our expectations. We can now expect prices to rise higher towards $662-665 levels as long as $645 caps any downside attempts. Immediate resistance will be seen at $658 level. We see ... More

GOLD & SILVER
Gold medium term prospects positive
Present market conditions provide buying opportunity More

AGRICULTURAL INSTITUTIONS
Nabard jubilee seminar to focus on agri credit
The National Bank for Agriculture and Rural Development (Nabard) is organising a ‘National Seminar on Agricultural Credit’ on the occasion of its silver jubilee celebrations on July 3 and 4. In the back drop of the massive ... More

SPICES & CONDIMENTS
Upward trend in pepper
Kochi, July 1Pepper futures market during the week witnessed an upward swing on buying support and firm prices of other origins.All contracts on NCDEX and NMCE moved up by Rs 245 to Rs 431 and Rs 310 to Rs 438 a quintal respectively. ... More

Cocoa prices ruling steady
Kottayam, July 1 The price of cocoa is reported to be ruling steady without any change. This year the crop is also less as against last year and therefore arrivals continued to be only moderate. The price has slightly picked up to Rs 22-24 a ... More

MARKETING
Vizag rythu bazaar to make way for multiplex
Visakhapatnam, July 1 The decision of the Visakhapatnam Urban Development Authority (VUDA) to relocate the rythu bazaar in the MVP Colony here to an adjacent site has come in for sharp criticism from the residents of the colony as well the ... More

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Looking back
Jun. 24-Jun. 30
Scrapping of sugar policy deals double blow to mills

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Centre counts on declining corn prices to rub off on wheat

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