The Hindu Business Line : Tuesday, February 26, 2008

COMMODITY EXCHANGES
BSE to buy 26 pc stake in NMCE
Mumbai, Feb. 25 The Bombay Stock Exchange Ltd has signed an agreement to buy a 26 per cent stake in Ahmedabad-based National Multi-Commodity Exchange of India (NMCE) for an undisclosed amount. Mr Kailash Gupta, Managing Director, NMCE, said ... More

CLIMATE & WEATHER
La Nina weakens; monsoon outlook stays
Thiruvananthapuram, Feb 25 Contrary to forecasts, the weather-making La Nina event in the equatorial Pacific has started showing a weakening trend with a warming anomaly rearing its head along the eastern coast of South America. This ... More

RUBBER
Spot rubber rules steady
Kottayam, Feb. 25 Physical rubber was steady on Monday. RSS 4 continued to be traded at Rs 101 a kg at Kottayam but the grade was slightly better by 25 paise at Rs 101.25 a kg at Kochi. According to sources, the market activities were in a low ... More

TEA
Homedale fetches top price at Coonoor tea sale
Coonoor, Feb 25 Homedale Estate, which had consistently remained in the high-bid bracket, created a record in Sale 8 of the auctions of the Coonoor Tea Trade Association (CTTA) here on Friday when its RD grade, auctioned by Global Tea Brokers, ... More

COIR
Delegation from China visits Coir Board
Kochi, Feb. 25 An official delegation from China, headed by Ms Flora Tian, China General Representative, India-China Economic and Cultural Council, visited the Coir Board and held discussions with the senior officials. She was ... More

OILSEEDS & EDIBLE OIL
Industry, trade upbeat on palm oil price outlook
Crude palm oil, soyabean oil are priced twice the rates in 2006 More

CASHEW
Tech centre mooted to boost cashew cultivation
Kochi, Feb. 25 The Cashew Export Promotion Council of India (CEPC)-Laboratory in Kerala’s Kollam city has mooted a Rs 90-lakh project for the development of a Centre for Technology Transfer for Cashew to enable cultivation, production ... More

SPICES & CONDIMENTS
Pepper futures up on tight supply
Kochi, Feb. 25 Pepper futures market shot up on Monday on reports of Vietnam offering its pepper at higher prices due to lack of selling pressure.The market witnessed high volatility and the speculative activities pushed up the prices ... More

COMMODITY MARKETS
Maize futures close higher
Maize futures has closed higher in the Rs 8,140-8,490 per tonne range for the March/April deliveries as compared to current market yard prices (loose) which are quoted at Rs 7,200-7,300 per tonne, according to market reports.The May and ... More

Chana futures hit upper circuit
Mumbai, Feb. 25 Amidst all the bullishness surrounding the agriculture complex, Chana prices hit the upper circuit on NCDEX on Monday.Chana April contract hit the upper circuit of 4 per cent in the first hour of trading itself whereby ... More

OUTLOOK
COMMODITY COMMENTARY
Global veg oil market moving beyond demand-supply norms
Mumbai, Feb. 25 It is not unusual for vegetable oil prices to spike days ahead of the global industry’s calendar event — Palm and Lauric Oils Price Outlook held in Kuala Lumpur at this time of the year. We have seen it happen in ... More

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Other Top Stories
Future Group eyes majority stake in proposed venture with Godrej Agrovet

Intra-group mergers may not come under competition panel scanner

Banks see case for CRR cut as liquidity is tight

La Nina weakens; monsoon outlook stays

Industry, trade upbeat on palm oil price outlook

Crude oil imports up 7.4% in Jan on higher demand

ONGC notifies four discoveries in a month

Looking back
Feb. 17-Feb. 23
Farm cost panel moots minimum remunerative price for crops

Sugarcane: The much maligned crop

Weather insurance pilot may cover 10 lakh farmers

Push castor derivatives exports rather than oil

Corn exports may run into rough weather

Bollworm may be developing resistance to Bt cotton

Spices export may top target

Customs duty on sunflower oil may be cut

Growers hold back stocks as rubber prices zoom