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AGRI-BIZ & COMMODITIES
COMMODITY EXCHANGES
Treat speculative transactions as part of biz: Commodity exchanges
`System of operation cannot decide profit, loss'
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Distinction between online & other exchanges unwarranted
Pre-Budget recommendation for set-off facility in `online exchanges'
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FARM CREDIT
Nabard releases Rs 54 cr to Kerala cooperative bank
A substantial portion of farm loans by primary agricultural credit societies is mobilised through costly deposits from the public. To provide crop loans at not more than 7%
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RICE
Record rice shipment from Kakinada
Shivnath Rai Harnarain (India) Ltd, New Delhi, has exported the largest quantity — 37,275 tonnes — of the Swarna rice variety widely grown in the two Godavari districts, from the anchorage port at Kakinada to Egypt, according to a ...
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CULTIVATION
Training on bio-fuel crops
A training programme on `Renewable energy sources through bio-fuel crops' is being organised by the Tamil Nadu Agricultural University (TNAU) in association with the Indian Council of Agricultural Research (ICAR). The programme ...
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PULSES
Export ban on chana goes; betel nut imports curbed
The Centre has lifted the ban on export of `dollar gram' or kabuli chana, following reports of a crash in market prices. The Directorate General of Foreign Trade (DGFT), in a notification issued on Tuesday, has said the general ban on pulses ...
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STORAGE
Ruchi Infrastructure raises $40 m
SBICAP (UK) Ltd, the wholly owned subsidiary of SBI Capital Markets (SBICAP), has concluded a $40 million Zero Coupon Foreign Currency Convertible Bond (FCCB) issue for Ruchi Infrastructure Ltd. SBICAP (UK) was the sole lead manager for the ...
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HORTICULTURE/FRUITS & VEGETABLES
Potato futures up on weather forecast
A cloudy weather forecast for Uttar Pradesh and West Bengal pushed up potato (Tarkeshwar variety) futures on MCX to the upper circuit of 6 per cent. However, some of the gains were pared for the futures to close at Rs 520.90 per quintal, up 5.45 ...
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RUBBER
Trade volume low in spot rubber market
Declines in international futures continued to put pressure on domestic rubber prices. According to reports, heavy long liquidation to limit the losses following a decline in oil and gold futures kept the global trendsetter bearish. On the ...
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TEA
Geographical Indications label for Assam tea soon
New help wing in Tea Board for small growers under study
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DAIRY & DAIRY PRODUCTS
Spat over 7,000 tonnes milk powder contract
GCMMF, NDDB ties sour after brief honeymoon
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Britannia to test-market curd
Britannia Milkman is to test-market its Daily Fresh Dahi in Bangalore. Mr Anupam Dutta, Head of Dairy Business, Britannia Milkman, said: "This launch is in line with the emerging trends of quality, convenience and wellness that ...
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CASHEW
Cashews to be promoted in UAE under `Made in India' brand
The Cashew Export Promotion Council of India (CEPCI) has finalised its "Made in India" brand promotion of value-added cashews in consumer packs in the UAE market at an estimated outlay of Rs 1.5 crore. According to CEPCI sources, this ...
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SPICES & CONDIMENTS
Pepper futures decline on selling pressure
Pepper futures market on Wednesday witnessed marginal fluctuation on both ways and prices of most of the contracts declined on selling pressure and uncertainty over delivery. February contract on NCDEX matured and 389 tonnes of pepper were ...
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Jeera futures set for correction
Having gained close to Rs 1,500 in the last five days, jeera prices (as per the March contracts) have today shown the first signs of a quick correction. Market sources, however, believe that the correction will be shortlived and jeera may move up ...
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EVENTS
Commodity investment meet in Jaipur
A conference and exhibition on "Commodities as an Investment Opportunity" will be held in Jaipur during February 24-25. Apart from examining the outlook for several commodities including agriculture, metals and energy, the meet ...
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EXPORTS & IMPORTS
Majority of exporters may volunteer for review
US anti-dumping duty on shrimps
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