AGRI-BIZ & COMMODITIES
COMMODITY EXCHANGES
Commodities futures gaining ground
FUTURES trading in wheat between December 13, 2003 and February 26 this year is at 89,000 tonnes valued at Rs 73.4 crore while that of rice during the same period is at 4,05,800 tonnes valued at Rs 400 crore. According to a release issued by ...
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Malaysian derivatives, securities riding high
IT has been a time of highs for both derivatives and securities industry in Malaysia. Continued positive growth for the securities and derivatives markets is expected in the current year too, according to Mr Yusli Mohamed Yusoff, chief ...
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FARM CREDIT
Same Deutz-Fahr ties up with SBI for new financing scheme
STATE Bank of India and Same Deutz-Fahr India on Tuesday announced a nationwide tie-up for tractor financing. Under this tie-up, SBI would provide 90 per cent of the loan amount at 10.25 per cent for loans above Rs 2 lakh and 9.75 per cent for ...
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SBI to team up with Sikkim Govt to boost SMEs
STATE Bank of India has decided to encourage small and marginal enterprises in Sikkim's traditionally natural resources-based economy. It plans to team up with the State Government to promote emerging industries such as floriculture, dairy and ...
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INSIGHT
Essential food products: Why tinker with revenue measures for short-term benefits?
AS general elections are round the corner, the Government is concerned over rising inflation caused by spurt in the prices of essential food products such as edible oil and sugar. Experts in different ministries are reportedly mulling various ...
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HORTICULTURE/FRUITS & VEGETABLES
Fresh arrivals to bring onion prices down in AP
FRESH arrivals and the State Government's decision to release its stocks into the market are expected to result in a steep decline in the prices of onions in Andhra Pradesh in the coming days. According to the State Commissioner of Marketing, ...
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RUBBER
Rubber static
THE physical rubber rates remained static on Tuesday. According to sources, the market was quite inactive throughout the session in the absence of both buyers and sellers. The transactions were meagre amidst very low arrivals. RSS 4 closed ...
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SUGAR
Shareholders nod for Balrampur Chini rights issue agenda
SHAREHOLDERS of Balrampur Chini Mills Ltd have approved the single agenda on the proposed rights issue of the company at an extra-ordinary general meeting. Balrampur Chini has already announced a rights issue in the ratio of 12 equity share for ...
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Gayatri Sugars EGM okays pref offer
PAVING way for an early revival of Gayatri Sugars Ltd (GSL) shareholders have consented to the proposal for offering equity shares on a preferential allotment basis to promoters and financial institutions. As a part of the restructuring scheme, ...
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Sugar industry in AP sets up ethanol units
FOLLOWING the Union Government's decision to sell motor spirit containing 5 per cent of ethanol, sugar industries in Andhra Pradesh have started setting up ethanol producing units. According to the President of the Andhra Pradesh Distillers ...
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GOLD & SILVER
Delay in bullion import norms irks traders
UNCERTAINTY in bullion import trade despite the Government decision to allow direct import of gold and silver is leading to distortion of the market and there is suspicion of some kind of cartelisation by local dealers and designated agencies, ...
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AGRICULTURAL INSTITUTIONS
Icrisat signs MoU with US academy
THE International Crops Research Institute for the Semi-Arid Tropics (Icrisat) has signed a memorandum of understanding with the US National Academy of Sciences (NAS) for free sharing of electronic publications, especially for the Virtual Academy ...
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OILSEEDS & EDIBLE OIL
Experts see upside potential for vegoil
THE world vegetable oil deficit during September 2003-March 2004 will undergo a change as the market reverts to a supply surplus in the second half of the year which will weigh upon prices that are currently far above their long-run trends. As ...
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SPICES & CONDIMENTS
Pepper prices improve on buying support
PEPPER prices improved in the international and domestic markets on buying support following the delay in harvesting in Vietnam which has yet to reach its full swing. As a result the international players who had been waiting for long had ...
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TRADE & LABOUR UNIONS
Referendum to recognise TUs in plantation sector
A TRADE union referendum held on March 6 in the Mooply Valley group of estates of the Harrisons Malayalam Ltd (HML) in Kerala, probably first of its kind in the plantation sector in the State, has turned a new leaf in the industrial relations ...
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NATURAL CALAMITIES
Rs 1.75-cr drought relief for Ernakulam district
THE State Government has allocated Rs 1.75 crore to tackle the drought situation in the Ernakulam district. Of this, Rs 1 crore will be spent on distribution of drinking water and Rs 75 lakh will go towards compensating farmers whose crops have ...
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