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Wednesday, April 11, 2007
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AGRI-BIZ & COMMODITIES

COMMODITY EXCHANGES
Contract based on proposed merger of CBOT launched
Based on specific event; trading to begin on April 20 More

RICE
Task force on GM rice meets today
To discuss bio-safety More

AP to grow more flood-resistant rice
After testing the improved Swarna rice variety, which can withstand floods, in a few pockets last year, the Andhra Pradesh Government and ANGRAU have decided to increase the use of the seed in the next kharif season. The upgraded variety ... More

CLIMATE & WEATHER
Weakened `low' may still bring rain over South
During the past 24 hours, moderate to rather heavy rain/thundershowers have occurred at many places over the northeastern states as well. More

PLANTATIONS
Positive outlook
ROBUST DEMAND: A farmer tending his cocoa plant at a farm near Mangulam in Kerala's Idukki district. Cocoa prices are looking up on demand for its products. Recently, the Central Arecanut and Cocoa Marketing and Processing Co operative (Campco) ... More

RUBBER
Spot rubber drops as traders pare stocks
Spot rubber turned weak on Tuesday. The summer showers seemed to have persuaded the traders to reduce their stocks partially amidst rumours on resumption of tapping to encash the favourable turn in climate, sources said. Reports on global ... More

TEA
S. India tea output hit by drought
Similar conditions prevail in N.India too More

OILSEEDS & EDIBLE OIL
Cabinet may consider duty cut for edible oil imports
Revenue officials may work out proposal for tomorrow's meet More

SPICES & CONDIMENTS
Pepper futures cool down under bear effect
Market observers described it as a good trend for a correction in the market before it can move further up. Various investors are said to have traded 100 tonnes of NCDEX-delivered pepper at different rates. They were covering their sales ... More

COMMODITY MARKETS
Chana futures drop on profit taking
Pepper and chilli futures on Tuesday hit the lower circuit of 4 per cent at Rs 15,878 and Rs 5,962 per quintal. However, they managed to trim losses and closed 2.68 per cent at Rs 16,095 per quintal and 3.25 per cent at Rs 6,008 per quintal, ... More

MARKETING
iLabs picks 50% stake in Viswas Business
iLabs, a private equity firm that manages $300 million of capital, has picked 50 per cent stake in the Hyderabad-based Viswas Business Synergies Ltd, an agricultural input distribution and farmer services company. Mr Rajesh Raju, Director of ... More

CO-OPERATIVES
Get co-op reforms going, Nabard tells Kerala Govt
Kerala stands to receive at least Rs 1,000 crore as part of the reforms package to clean up balance sheets. More






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