The Hindu Business Line : Saturday, December 08, 2007

WHEAT
PEC to buy 1.5 lt wheat from JK Intl at $396.9/t
Public sector PEC Ltd, on Friday, finalised purchase of 1.5 lakh tonnes (lt) of wheat from JK International Pty Ltd of Australia in its tender for import of up to 3.5 lt on behalf of the Centre. The 1.5 lt quantity has been contracted at a ... More

CULTIVATION
Govt to nudge banks to lend more to organic farming
New Delhi, Dec. 7 The Finance Minister, Mr P. Chidambaram, on Friday assured the Lok Sabha that he would encourage public sector banks (PSBs) to lend more for organic farming.He also made it clear that banks don’t make any ... More

Sowing in key rabi crops continues to lag behind
M.P. wheat sowing down 16 lakh hectares due to dry weather More

COMMODITIES
Inflation rate drops on cheaper food, vegetables
Wholesale Price Index of all commodities down to 215.4 More

POLICY
Compensation for crop loss
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RUBBER
Buyer resistance keeps spot rubber static
Kottayam, Dec. 7 The international rubber prices turned better led by TOCOM on Friday The trend setter finished firm at ¥258.4 ( Rs.91.59) against ¥254.2 a kg at its January futures for RSS 3. According to sources, the Japanese ... More

AGRICULTURAL INSTITUTIONS
Nabard aid for Kerala rural projects
Thiruvananthapuram, Dec. 7 The National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs 12.39 crore from its Rural Infrastructure Development Fund XIII (RIDF – XIII) to the Kerala Government.The assistance is ... More

COTTON
Global cotton prices seen firm despite slow offtake growth
A slowdown in global economic growth, rising world market prices and loss of competitiveness vis-À-vis polyester in major markets since August 2007 may all combine to result in a worldwide cotton mill use increasingly more slowly this ... More

COIR
Coir to get Rs 240-cr plan for modernisation
Kochi, Dec. 7 Recognising the importance of coir, the Union Government has drawn up Rs 240-crore modernisation programme to enhance the competitiveness of coir industry, the Union Minister of State for Commerce and Industry, Mr Jairam Ramesh, ... More

POULTRY
UAE ban
More

SPICES & CONDIMENTS
Chilli futures rise on export demand
Buying helps turmeric futures gain More

COMMODITY MARKETS
‘Rise in agri commodity prices higher than metals’
Mumbai, Dec 7 In what could be termed as “agflation”, agriculture commodity prices globally have risen more steeply than metals in 2007, according to a NCDEX report quoting World Bank data.Wheat topped the list with an ... More

EVENTS
Govt urged not to fund bio-fuel programmes
It’s a threat to country’s food security, say activists More