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Saturday, May 10, 2008
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Agri Prices (May 9)
Sugar S301459 (1464)
Groundnut ready665 (660)
Coconut oil ready5975 (6025)


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AGRI-BIZ & COMMODITIES

COMMODITY EXCHANGES
MCX, NCDEX overcome ban effect
Mumbai, May 9 National commodity exchanges—MCX and NCDEX—managed to retain their turnover despite the recent ban on four commodities by the Government.MCX recorded a turnover of Rs 5,261 crore (Rs 4,098 crore) up to 5 pm, ... More

NCDEX to continue focus on agriculture
Rupadevi appointed CEO of Power Exchange of India More

CLIMATE & WEATHER
Rain, winds picking up over Andaman Sea
Thiruvananthapuram, May 9 The India Meteorological Department (IMD) has observed that the rainfall activity over the Andaman and Nicobar Islands has ‘increased considerably’ over the past few days. The current ... More

INSIGHT
All’s not well on food front
More

PLANTATIONS
Import of arecanut from Myanmar allowed
Mangalore, May 9 The Directorate General of Foreign Trade (DGFT) has issued a notification allowing import of betel nuts (commonly known as arecanut) from Myanmar. Sources in the arecanut sector said that this may affect the prospects of ... More

RUBBER
Tyre makers seek waiver of rubber cess
Kochi, May 9 With 25 per cent rise in the prices of natural rubber in the last six months, the Automotive Tyre Manufacturers Association (ATMA) has urged the Union Ministry of Commerce and Industry for waiver or reduction of rubber cess to ... More

Mixed trend in rubber
Kottayam, May 9 Spot rubber showed a mixed trend on Friday. The suspension of rubber futures has created a void in the main marketing centres as the major driving force which provided transparency to the domestic rubber sector during the last ... More

‘Set up national body on lines of WTO’
Kochi, May 9 Noted Agricultural scientist Prof M.S Swaminathan on Friday called upon the plantation industry to understand the impact of climate changes in the years to come by, considering it as a mega threat to human security. The ... More

TEA
Coonoor tea turnover up Rs 25 crore
Coonoor, May 9 The turnover of the teas sold through the Coonoor Tea Trade Association (CTTA) in the first four months of 2008 has increased by Rs 25.1 crore over the same months of last year.This was because the price earned rose by Rs ... More

DAIRY & DAIRY PRODUCTS
Hatsun targets growth in milk ingredients business
Chennai, May 9 Hatsun Agro Product Ltd is in the process of doubling its milk powder and ingredients production capacity with an investment of over Rs 90 crore, which would also enhance milk procurement capacity significantly, according to Mr ... More

AGRICULTURAL POLICY
Speculation over ‘deal’ between futures industry, Govt
Traders grieve over abrupt suspension of trading in 4 commodities More

COMMODITY MARKETS
Inflation pinches, with a lag; revised nos way above estimates
Gap widening week-on-week; Chidambaram says more steps if needed More

AP draws up plan to curb commodities price increase
To seek 19,000 tonnes palm oil More

RECOMMENDATION
Kerala urges Centre to implement Idukki package
The State Government has demanded that the Centre implement the agriculture package submitted by the agriculture scientist, Dr M.S. Swaminathan, for Idukki district in a time-bound manner. Announcing this, the Chief Minister, Mr V. S. ... More

OUTLOOK
Crude prices jump 100% in one year; output may drop
Demand side looks robust despite slowdown fears More






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