Agriculture
Tariff values on palm oils slashed
The Government on Tuesday reduced the tariff values on the palm group of oils. Customs duty of 75 per cent on crude oils and 92.4 per cent on refined oils will be levied on the specified tariff value, irrespective of invoice price.

Commodities
What dogs commodity futures? --II: Revamp of FCR Act vital
FOR commodity futures to succeed, the policy makers must first encourage players to make forward commitment and get exposed to price risk. Operation of the Forward Contracts Regulation (FCR) Act has prevented commodity traders from taking risks. Chronic shortages in several essential commodities over the last several years and embargo on forward deals have led to distortion of the physical market.

Corporate
NDDB units corporatised
THE National Dairy Development Board (NDDB) has corporatised its units as part of its restructuring process to enhance operational effectiveness.

Plantations
Cardamom prices rule steady
CARDAMOM prices ruled steady from October 5 onwards for all grades in the auctions held at various centres in Kerala and Tamil Nadu.

Rubber
Rubber continues to rule weak
RUBBER prices continued to rule weak in the primary market here on Tuesday. The prices have declined since the beginning of this week on reports that the Kerala Rubber Marketing Federation and Indian Farmers' Movement (Infam) might delay the proposed pro curement of rubber at the minimum statutory price (MSP) owing to cash crunch.

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