The Hindu Business Line : Friday, January 20, 2006

NCDEX launches rapeseed/mustard meal futures
THE National Commodity and Derivatives Exchange Ltd (NCDEX) on Thursday announced the launch of rapeseed-mustard meal (oilcake) futures contracts. The initial contracts available for trading would be for March, April and May. The basis for ... More

RICE

Bumper kharif production in AP
DESPITE losses due to the unprecedented rains and cyclones, the kharif season saw record foodgrains production of 109.67 lakh tonnes as against 83.97 lakh tonnes (lt) in the 2004 kharif season, showing a growth of 31 per cent. Rice production ... More

CULTIVATION

Getting ready
A farmer irrigating his land in preparation for the next crop in Muthra near Udhagamandalam in Tamil Nadu. Irrigation consumes about three fourths of the available water in the country. The share of water for agriculture is expected to decline ... More

RUBBER

Rubber tops a record Rs 75/kg
SPOT rubber made yet another record closing on Thursday. The current bullish fever in the domestic scene was initiated by the sharp gains in overseas indices. Covering groups and purchase agents were on their toes to procure the raw material. ... More

SUGAR

Upper Ganges Sugar posts higher net
MUMBAI: Upper Ganges Sugar & Industries Ltd, belonging to the K.K. Birla group, has posted a 50.18 per cent increase in sales turnover at Rs 109.02 crore for the second quarter ended December 31, 2005, up from Rs 72.59 crore in the ... More

TEA

Snag hits Coonoor tea auction again
FREQUENT disruptions were witnessed again at the Coonoor tea auctions on Thursday. Trouble surfaced an hour or so after trading began, when the buyers, according to market sources, put up a stiff resistance to take the manual bidding process, ... More

TECHNICAL ANALYSIS

Spot gold may test support level
SPOT gold prices corrected sharply lower after reaching a new 25-year high, due to profit-taking, mainly in the Asian markets. Spot gold prices rose higher in line with our expectations. The correction after hitting $565 levels has been sharp and ... More

TECHNOLOGY

Call to set up separate agricultural engineering department in States
WHILE the agricultural machinery industry has developed fairly well and indigenous products have met the entire machinery requirement, mechanisation of farm practices has not caught on in the country. Some attribute the slow take-off to the ... More

POULTRY

Egg prices cut by 23 pc to Re 1
THE FARM-GATE procurement rate for shell eggs in Tamil Nadu was reduced by 23 per cent on a single day on Thursday. The wholesale rate was revised downward from last week's Rs 1.30 (per egg) to Re 1. The revised rate was decided in the price ... More

SPICES & CONDIMENTS

Cardamom prices drop on weak demand
CARDAMOM PRICES slipped on weak demand at auctions held in Kerala and Tamil Nadu during the week. While the arrivals continued to flood the market, corresponding demand was lacking. Exporters were not active at auctions held during the week. ... More

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