The Hindu Business Line : Wednesday, September 05, 2007

NCDEX to extend delivery period for agri-commodities
Mumbai, Sept. 4 In a move that could align commodity futures to the spot market prices, NCDEX is planning to increase the delivery period to 10-15 days. Now, all the open positions on contract expiry day should end in a delivery.This ... More

CLIMATE & WEATHER
Migrating trough drives rains to East India
Thiruvananthapuram, Sep. 4 The monsoon trough has lifted completely to the north in alignment with the Himalayan foothills as the push-and-shove effect of a building high-pressure area let in dry westerlies into northwest India. The ... More

INSIGHT
The other side of micro-finance
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HORTICULTURE/FRUITS & VEGETABLES
Varied uses
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PLANTATIONS
Rs 1,500-crore corpus mooted for Plantation Development Bonds
New Delhi, Sept. 4 The Task Force on Plantation Sector, headed by Mr N. Rangachary, has suggested a corpus of Rs 1,500 crore for the Plantation Development Bonds it had proposed in the main report early this year, in order to fund technically ... More

Karnataka unveils relief package for areca farmers
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RUBBER
Mixed trend in spot rubber
Kottayam, Sept. 4 Spot rubber prices witnessed a mixed trend on Tuesday. RSS 4 moved down to Rs 88 from Rs Rs 88.50 and Rs 89.50 a kg respectively at Kottayam and Kochi on buyer resistance. A similar trend in domestic futures kept most of the ... More

SUGAR
Sugar barons accumulate cane arrears
Mumbai, Sept. 4 The new sugar season is only weeks away; yet, some of sugar industry’s barons have failed to clear their arrears for the current season and have held back cumulatively large sums of money due to cane growers.In ... More

Sugar mills unlikely to get fresh credit from banks
Cane arrears to pile up from start of new season More

Recovery orders to 14 mills on cane arrears
New Delhi, Sept 4 The Uttar Pradesh (UP) Government has so far issued recovery certificates against 14 sugar mills that have not cleared their cane arrears for the current crushing season.The units are three each of Mr V.K Goel’s ... More

TEA
Major world tea producers to join hands
Kochi, Sept. 4 The major tea producers in the world, in a bid to regulate production, supply and expand the market, have decided to constitute an International Tea Producers Forum (ITPF) during the International Tea Convention (ITC) that ended ... More

SPICES & CONDIMENTS
Turmeric futures gathering pace: MCX
Coimbatore, Sept. 4 The futures trading in turmeric since its re-launch from June last at Multi Commodity Exchange of India Ltd (MCX) has steadily picked up momentum with the daily turnover at around Rs 15 crore. Its open interest was around ... More

Pepper futures gain
Kochi, Sept.4 Pepper futures market shot up on Tuesday after witnessing sharp fall the past two days following reports of increase in prices in Indonesia and Brazil. Prices in the Indonesian local markets have gone up and L Asta was ... More

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