The Hindu Business Line : Wednesday, June 13, 2007

COMMODITY EXCHANGES
Row over delivery of chilli on NCDEX
Problems have cropped up with delivery of chilli on NCDEX with consignments being rejected at the exchange's warehouse in Guntur, Andhra Pradesh. "Of the 20 tonnes of chilli delivered at the NCDEX warehouse in Guntur, 10 tonnes were rejected. ... More

NMCE launches new soya oil, chana contracts
The National Multi-Commodity Exchange (NMCE) has launched new series in soya oil, guarseed and chana desi for futures contracts. The new contracts, launched on Monday, in soya oil and guarseed will mature on October 20, whereas that in chana ... More

CLIMATE & WEATHER
`Heat low' builds to drive monsoon into north
Excessive heating of the north and northwest has provided the perfect backdrop for the all-important `heat low' to build in the northwestern sector and adjoining Pakistan, which is a good augury for the progress of southwest monsoon. The `heat ... More

AQUACULTURE
Seafood industry hit by rising rupee
Higher interest rate adds to the woes; industry unable to pass on burden to fishermen More

PLANTATIONS
Imports hit domestic areca prices
The arecanut market is facing a crisis following the widespread availability of imported material to the consuming sector. The price of indigenously produce is gradually melting down with the price for new arecanut rules between ... More

RUBBER
Spot rubber declines on lack of demand
The domestic rubber market resumed its downward journey on Tuesday. There were practically no buyers in the main marketing centres and the prices declined as certain dealers and growers continued to press for sales. Tyre companies lowered their ... More

TEA
Jairam Ramesh to discuss reopening of tea gardens
Union Minister visiting Kolkata today More

COTTON
Make cottonseed an essential commodity, AP urges Centre
To control Bt-II pricing following HC's observation More

SPICES & CONDIMENTS
Pepper futures drop on market uncertainty
Pepper futures market witnessed a fall on Tuesday on continued uncertainty over the quantity restriction on nearby position even as the maturity of the June contract was drawing near. Many were liquidating, as they won't be able to hold more ... More

AGRICULTURAL POLICY
Removal of VAT on copra hailed
The First Commodities Exchange of India Ltd has congratulated the State Finance Minister for removing the 4 per cent VAT on copra, saying that it would help the ailing oil mill industry a lot. The decision of the Government to ... More

OUTLOOK
`Gold will need a new catalyst to challenge $700/oz '
Further price gains likely in a number of different metals More

PEOPLE
Former UPASI chief dead
The former President of the United Planters' Association of Southern India (UPASI), Mr M. Thangavelu, died in Tiruchi after a prolonged illness. He was 81. The Chairman of Havukal Group of estates in Kotagiri, he served as the ... More

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Top Stories
Foods co AB Mauri bullish on rising bread habits

Row over delivery of chilli on NCDEX

Indian ADRs fall in US bourses

Seafood industry hit by rising rupee

Reliance hopes to have gas price formula in place by July

Looking back
Jun. 3-Jun. 9
Sugar export sops: Overseas buyer real beneficiary

Maharashtra order leaves furnace oil users in a fix

Wheat procurement at 10.7 m tonnes

Dubai refinery signs deal for buying raw sugar

Govt can revive supply of edible oil through ration shops

Oilmeal exports down 50% in May

Neem foundation aims at growing 10 crore trees

Inflation rate dips as primary items turn cheaper