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Friday, April 08, 2005

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AGRI-BIZ & COMMODITIES

COMMODITY EXCHANGES


NCDEX to launch lemon tur futures
NATIONAL Commodity and Derivative Exchange has decided to launch trading in Myanmar origin Lemon Tur Contract and Maharashtra Lal Tur Contract. The exchange will commence trading from Friday. The initial contracts available for trading will be ... More

RICE


Problem of plenty
Paddy sacks at the Pandanbazar UP School at Kumarakom in Kottayam district, one of the several schools where the Regional Service Cooperative Bank has stored 1,205 tonnes of paddy it procured last month. Farmers in Kuttanad, the rice bowl of ... More

CLIMATE & WEATHER


Week of `excess' rain in all dists of Kerala
ACTIVE `troughs' of low pressure on either side of the southern peninsula have resulted in some great spells of welcome rain for Kerala and Tamil Nadu in what is considered as a bonus wet weather during the heights of a summer. According to ... More

HORTICULTURE/FRUITS & VEGETABLES


Toxic fruits
A fruit vendor selling mangoes in a street in Kochi. Mangoes, along with fruits such as grapes, oranges and apples, have been found to contain high amount of chemicals and pesticides. A study conducted by the mobile health squad of the State ... More

RUBBER


2004 declared boom year for rubber
THE Price Stabilisation Fund (PSF) Trust in the Commerce Ministry has categorised the year 2004 as a `boom year' for natural rubber and a `normal year' for coffeeand tea. Accordingly, the PSF Trust has now announced the price spectrum band for ... More

Rubber prices maintain steady trend
THE physical rubber market maintained the steady trend on Thursday. Buyers kept a low profile as moderate rains over the plantations could boost rubber production. At the same time, sellers seemed hesitant to press more sales while the arrivals ... More

TEA


Goodricke's expansion hinges on Japanese deal
WITHIN the next two months Goodricke Group Ltd would take a decision on whether they would set up their second instant tea plant of 600 tonnes a year capacity at a cost of Rs 35 crore. Mr K.S. David, Managing Director of Goodricke Group, said a ... More

TECHNICAL ANALYSIS


Spot gold may rise, then dip
SPOT gold prices recovered due to a slightly firmer Euro and renewed physical interest at lower levels. Physical buying and bargain hunting seems to limit gold price weakness currently. Physical gold demand is expected to increase as the Indian ... More

FOODS & FOOD PROCESSING


Food processing vision aims to double growth
Also targets to raise global share in processed food market to 3 per cent by 2015. More

METALS


Copper prices to stay firm
TIGHT availability is making base metal prices vulnerable to upward price spikes, according to experts. Combination of low stocks, under-hedged consumers and renewed speculative buying inspired by a firmer euro are all cited as factors behind ... More

AGRICULTURAL INSTITUTIONS


Nabard increases aid to farm sector by 19 pc in Karnataka
The assistance provided to the State during the last fiscal was Rs 2,196 crore as against Rs 1,842 crore in 2003-04. More

COTTON


Bollgard II GM cotton may be commercialised from 2006
MONSANTO is hopeful that its Bollgard II version of genetically modified (GM) cotton would be ready for commercial cultivation in the country in the 2006 planting season. "The Bollgard II lines incorporated in select cotton hybrids of ... More

POULTRY


VAT row: Kerala traders not to buy chicken
POULTRY traders in Kerala have decided not to buy chicken from Tamil Nadu until the Kerala Government reviews its decision to impose a 12.5 per cent value-added tax (VAT) on live birds. "It is not economical for us to pay that kind of tax. We ... More

INCOME TAX


Tea, coffee growers exempted from agri-income tax in Kerala
THE State Government has decided to exempt tea and coffee growers from agriculture income tax for two years. The exemption, however, would not be applicable to plantations that are registered as companies, the Chief Minister, Mr Oommen Chandy, ... More


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