The Hindu Business Line : Wednesday, July 04, 2007

COMMODITY EXCHANGES
NMCE launches new metals, jute contracts
Ahmedabad, July 3 The National Multi-Commodity Exchange (NMCE) today launched new series in aluminium ingots, copper, lead, nickel premium, tin, zinc and raw jute. The new series in the six base metals launched will mature on September 29 and ... More

Robust steel ingots delivery on NCDEX
Mumbai, July 3 National Commodity & Derivatives Exchange Ltd has witnessed robust delivery of mild steel ingots (MSI) on its platform. The June MSI contract, which expired on June 20, saw deliveries of 1,980 tonnes at the base centre, ... More

CLIMATE & WEATHER
No ‘break monsoon’ seen as fresh system forms in Bay
Thiruvananthapuram, July 3 A fresh low-pressure area has formed over land and water around the Head Bay (northeast Bay of Bengal) on Tuesday beating forecasts once again, and is showing signs of intensification prior to heading north-northwest ... More

FERTILISERS
Gujarat will need more urea, DAP this kharif
Indigenous supplies, imports to meet the requirements More

Pay fertiliser subsidy through swipe card: Iffco
Favours crediting amount to bank account through RFID More

HORTICULTURE/FRUITS & VEGETABLES
Tracing roots
More

RUBBER
Spot rubber declines further
Kottayam, July 3 Spot rubber slipped again on Tuesday. The market failed to regain strength as the influence of the domestic fundamental and technical factors continued to dominate the trading activities. RSS 4 moved down to Rs 73 from Rs 74 a ... More

COTTON
Global cotton prices may scale higher
Not unexpectedly, cotton prices have begun to rise. The Cotlook A-Index has increased significantly since mid-May 2007. World’s largest cotton producer, consumer and importer, China saw domestic prices increase in June due to tighter ... More

OILSEEDS & EDIBLE OIL
Clarity in vegoil market by mid-Aug: Mistry
Chennai, July 3 The situation in the global vegetable oil market is likely to be clear by mid-August only and a bull run is not yet in sight, according to Mr Dorab E. Mistry, Director of Godrej International Ltd.Crude palm oil futures ... More

SPICES & CONDIMENTS
Lack of buying support hits pepper
Pepper futures fell on Tuesday on reports of decline in Vietnam prices and lack of buying support.Bearish activities also said to have contributed to the decline. However, the prices for Asta grade pepper continued to rule firm at all ... More

AGRICULTURAL POLICY
GoM to look into direct subsidy
The feasibility of delivering fertiliser subsidy directly to the farmer and a transition from the current ‘fixed product’ to a ‘nutrient-based’ subsidy regime will be examined by the Group of Ministers at its first ... More

EXPORTS & IMPORTS
COMMODITY COMMENTARY
Govt may have to pay over $300/tonne for wheat import
More

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