The Hindu Business Line : Tuesday, September 11, 2007

COMMODITY EXCHANGES
‘FMC to be fully empowered soon’
Bangalore, Sept. 10 Empowering the ForwardMarket Commission (FMC) is expected to help commodity exchanges to decouple from the practices followed in the stock exchanges.The FMC will become fully empowered like the stock market regulator ... More

CLIMATE & WEATHER
Rain deficit in northwest, northeast; surplus elsewhere
Thiruvananthapuram, Sept. 10 With the end of the four-month southwest monsoon just 20 days away, the contours of overall spatial and temporal distribution of seasonal rainfall are emerging with northwest India (-11 per cent) and northeast ... More

RUBBER
Spot rubber drops on TOCOM effect
Kottayam, Sept. 10 A sharp decline in TOCOM hammered spot rubber on Monday. RSS 4 declined to Rs 87 from Rs 87.50 a kg both at Kottayam and Kochi. The market made all round declines though the selling from dealers and growers did not induce ... More

TEA
Concor starts moving domestic tea from Amingaon to Kolkata
McLeod Russel, Hindustan Unilever help movement on this route More

COFFEE
NCDEX relaunches coffee futures contract
Auction system likely to be launched in six months More

POULTRY
Maize prices drop on hopes of better kharif crop
Poultry producers see cost advantage More

SPICES & CONDIMENTS
Jeera futures slip on NCDEX
Mumbai, Sept 10 Weak spot market in Unjha (Gujarat) pulled jeera futures down 2.8 per cent to Rs 10,074 per quintal. Chana futures too dropped by 1.74 per cent to Rs 2,259 per quintal as demand failed to pick despite the festival ... More

Pepper futures get a bear hammering
Kochi, Sept. 10 Domestic pepper futures fell sharply on Monday to below spot prices on bearish activities and the quantitative restrictions on the nearby month position despite the prices of other origins ruling high and firm.Indian ... More

INTERVIEW
`Growing economy offers scope for investment in gold'
"If gold prices remain stable and do not return to the levels of volatility witnessed in the first nine months of 2006, demand is likely to grow by up to 50 per cent,'' says World Gold Council CEO. More

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