AGRI-BIZ & COMMODITIES
COMMODITY EXCHANGES
FMC nod for MCX promoter to prune stake
Mumbai, Nov. 2 FMC has approved Financial Technologies (India) Ltd. (FTIL) proposal to bring down its holding in Multi Commodity Exchange of India to 38 per cent. “There are some 6-7 firms that are interested in picking up stake ...
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Govt plans to allow 49% foreign holding in PSU refineries
New Delhi, Nov. 2 The Government proposes to allow 49 per cent foreign investment in public sector oil refineries, in commodity exchanges, and in Credit Information Companies (CIC). In the civil aviation sector, foreign direct investment up to ...
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First power trading exchange launched
Membership drive takes off in key cities
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CLIMATE & WEATHER
Bay stays calm despite moisture sweep
Thiruvananthapuram, Nov. 2 The Bay of Bengal continues to stay calm but that has not prevented tropical moisture from being transported in from the east and fanned all over the southern peninsula. The outcome is that passing ...
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CULTIVATION
Mustard acreage down as Oct rains fail
Moisture stress, high day temperatures also factors
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FLORICULTURE
Florex India 2007 opened
Pune, Nov 2 Florex India 2007, a three-day international floriculture exhibition, began on Friday. Talking to presspersons, Mr Navneesh Sharma, Deputy General Manager, APEDA, said this is the first initiative of flower growers, both ...
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HORTICULTURE/FRUITS & VEGETABLES
For better returns
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PLANTATIONS
White areca prices gain on short supply
Production loss in white arecanut is gradually pushing the market up. Though both the old and new stocks of white arecanut are fetching considerably good prices during the season, enough stocks are not available to meet the demand. ...
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POWER
AP move to ensure power supply during rabi
Transmission Corporation of Andhra Pradesh Ltd (AP Transco) is making necessary arrangements to ensure seven hour power supply to the farm sector during the ensuing rabi season.Addressing the AP Transco employs here, the CMD of AP ...
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RUBBER
Rubber futures top Rs 100/kg on NMCE
Kottayam, Nov. 2 Physical rubber prices showed a mixed trend on Friday. Most of the sellers sidelined the market expecting the resumption of the rains while buyers stayed back waiting for the arrivals to improve following a favourable turn in ...
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BIO-TECH & GENETICS
Large-scale trials of GM crops: SC issues notice to GEAC
Hyderabad, Nov. 2 The Supreme Court of India has asked GEAC (Genetic Engineering Approval Committee) to respond to the contempt plea moved by Ms Aruna Rodrigues and others on the permission given to large-scale trials for GM crops.The ...
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JUTE
Cabinet nod for changes in jute board Bill
New Delhi, Nov. 2 The Union Cabinet on Friday approved modifications in the Bill for setting up the National Jute Board, as suggested by the House panel, incorporating certain amendments.“The Government approved the suggestions of a ...
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OILSEEDS & EDIBLE OIL
Disturbing trends to the fore in vegoil market
Tariff value freeze leads to loss of revenue
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SPICES & CONDIMENTS
Spices import drops marginally in Apr-Aug
The reason attributed to this increase is short supply in the country and the decline in unit value abroad. However, despite decline in unit value in the overseas markets, import of turmeric dropped to 2,725 tonnes from 3,404 tonnes in ...
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FOREIGN DIRECT INVESTMENT
US consulting firm makes out case for FDI in commodity bourses
Mumbai, Nov. 2 Even as the country’s policymakers are mulling whether or not to allow foreign direct investment (FDI) in commodity futures exchanges, comes a report from Financial Markets International (FMI) making out a case for ...
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OUTLOOK
Centre may crack the whip to lower edible oil prices
Likely to ban futures, export of groundnut kernels, oil
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