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| April 30, 2007 | | Guntur farmers beat odds, increase cultivation
Suicides, drought, natural calamities, slump in market...Nothing can deter the determination of farmers in Guntur district of Andhra Pradesh.
Online trading in Indian mangoes, soon
Indian farmers are getting technology-savvy day by day. Even as the first batch of Indian mangoes reached the US shelves last week, farmers here are betting on a major initiative to trade mangoes online.
Gem sector to hunt for new markets
With generalised system of preferences in US coming to an end in June 30 and the American market showing little scope for growth
Indo-Pak trade seen to cross $1.5 billion
Trade between India and Pakistan has shown enormous buoyancy and is expected to cross $1.5 billion in 2006-07. Exports to Pakistan in April-December
Strong Re adds to Kerala's export woes
Kerala's already struggling plantation sector, especially cashew, spices and rubber, suffered another jolt this month with the rupee strengthening against the US dollar.
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| April 24, 2007 | | Decoding Kerala's 'rubber riddle'
Thanks to some inexplicable reasons, rubber futures contracts are witnessing a steep fall for the past few days. This has also hit the spot marker now with prices of benchmark grade RSS 4 dropping below Rs 90 a kg to close at Rs 87 on Friday.
Southern mills go for Pak wheat
This year, flour mills in south India are looking to Pakistan for wheat supply as domestic prices are not showing any sign of decline.
Where is the wheat? Only farmers know
Ingenious farmers in Punjab have decided to hold on to their wheat till the market is ready to offer them better prices.
Marine SEZ mooted in Gujarat
The proposed SEZ will have various facilities including processing centers and cold storage and other critical infrastructure facilities required for marine food exports.
Inflation: Monsoon may not bail out govt
Caught in an inflation mess, the Central government was hoping for a rescue act from the rain gods this monsoon. But, it seems, the rain gods may not bail out the United Progressive Alliance government from the inflation conundrum.
India's farm sector to drive up exports
Commerce and Industry Minister Kamal Nath said on Saturday that India now must gear up for agricultural exports apart from export of manufactured goods and services.
Allow banks, MFs in commodity market: FMC
FMC chairman S Sundareshan, while delivering a lecture on 'Commodity Future in India,' strongly advocated the participation of the crucial financial sector in commodities.
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| April 20, 2007 | | Record trading in Pepper futures
Pepper futures set a new record of Rs 457.09 crore (Rs 4.57 billion) during intra-day trading at the National Multi-Commodity Exchange last week.
MCX, Thailand Futures Exchange in pact
MCX offers commodity futures contracts in agriculture, precious metals, base metals and energy commodities, whereas AFET offers commodity futures contracts in white rice, rubber and tapioca.
Canada eyes wheat export to India
After United States, Canada is eyeing wheat sales to India. Canadian Wheat Board senior official Bruce Burnett said that Canada is looking forward to export wheat to India.
What are Over-The-Counter markets?
The Over-The-Counter (OTC) markets are essentially spot markets and are localised for specific commodities. Almost all the trading that takes place in these markets is delivery based.
Record FDI inflows to India
Foreign direct investment to India is zooming. FDI inflows to the country during 2006-07 surged to a record $16 billion, according to the annual supplement of the Foreign Trade Policy unveiled on Thursday.
Gold loses to diamond's sparkle
For a change, this Akshya Tritiya on April 20, an auspicious occasion for Hindus to buy gold, women are not rushing to buy gold jewellery. Instead, they are eyeing platinum, diamonds and rubies.
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| April 19, 2007 | | Reliance Money bets big on commodity futures
Reliance Money, India's comprehensive financial services and solutions provider, has tied up with Chicago-based Alaron Trading Corporation, a global, full-service commodity futures brokerage firm.
Raw sugar exports not to fetch govt sops
Sugar industry suffered another jolt this week when the Central government dropped its plans to offer incentives to mills for raw sugar exports.
Punjab weaves cotton dream, Gujarat dumps it
The vision of Punjab and Gujarat is different as far as cotton cultivation is concerned.
Mango output down in Andhra, prices to go up
King of fruits, mango, will not come cheap this year.
Bad logistics hurting India's horticulture exports
High delivery costs, caused primarily by a fragmented supply chain, bad logistics, together with poor standards are hurting India's horticulture exports much more than trade barriers, according to a World Bank report.
What is hedging and speculating?
Manufacturers could effectively lock in a sales price by going short an equivalent amount of goods with futures contracts.
Wheat goes to private players in UP
In Uttar Pradesh, it seems, there are no takers for the government agencies as far as wheat collection is concerned.
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| April 18, 2007 | | Wheat brings thaw to India-Pak relations
Indian traders have booked more than 30,000 tonne of wheat from the neighbouring Pakistan.
No ban on other commodities: FMC
India's apex commodities market regulator the Forward Market Commission (FMC) says there is no plan now to ban futures trading in any other commodity.
Basmati prices shoot up
That aroma and taste of Basmati will cost you more now. Faced with an increase in crop rates and shortage of supply, the country's major Basmati rice producers have increased the prices of the commodity by an average 10 per cent.
Soaring prices force mills to import cotton
With domestic prices of cotton ruling high, importers have found good parity for buying cotton from abroad and the consignments are expected to land on Indian shores very soon.
Now, investors dump gold for copper
Gold has risen from Rs 9,290 on March 5 to Rs 9,530 by mid-April, a rise of 4% while copper rose from Rs 268 on March 2 to Rs 330 by mid-April, a jump of 25%.
US asks India to relax wheat import norms
The United States, which has always claimed that India's wheat import norms are too stringent, has once again asked the Indian government to relax these norms.
Technology spices up Eastern's success
How India's curry powder major Eastern Group has used state of the art technology to emerge as the largest producer of the various varieties of spice powders.
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| April 17, 2007 | | Weather insurance scheme from June
The Indian government will soon launch a comprehensive weather-based crop specific insurance scheme to fight farmer suicides due to drought and other factors in the country.
Vanilla leaves a sour taste for farmers
As far as farmers are concerned, vanilla has totally lost its flavour in India. And the future of natural vanilla continues to be grim as the prices have further slumped in the world market without any sign of improvement this year.
Special: Futures vs Forwards
Futures and forwards are contracts to deliver a commodity on a future date by a client.
M E Meeran: India's curry powder king
M E Meeran, a former wholesale dealer in provisions, is conquering the world with his Eastern brand of spices and curry powders.
Reliance to use polymer futures platform: Mukesh
Reliance Industries Chairman Mukesh Ambani has said that the company will use the polymer futures platform to hedge its risk because of price volatility in oil.
Monsoon for 2007 close to long-term average
The annual monsoon rains, crucial for India's farm-sector economy, are expected to be close to 100 per cent of the long-term average this year, a senior weather department official said on Monday.
MCX-India Post venture making 'rural waves'
An innovative initiative by India's leading commodity bourse -- the Multi-Commodity Exchange -- in collaboration with India's Postal Department is making farmers and traders in rural India 'richer.'
Law to rehabilitate SEZ-displaced people soon
The government is considering enacting a law making it mandatory for industries to rehabilitate the displaced people before developing projects under the special economic zones.
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| April 13, 2007 | | Search for oil in the jungles of Nagaland
Are there crude oil deposits in the jungles of the northeastern state of Nagaland?
Mango shipment to leave for America
Indian mangoes are all set to be shipped to the American market in the next few days after the United States decided to allow import of the delicious fruit.
Now, Nestle to bank on cows
For Nestle India, 'go for cow' is the new slogan. Even though the country concentrates on buffalo milk, Nestle is now consciously encouraging milk farmers to shift from buffalo to cow milk.
DGCX to list Indian Rupee futures contract
The Indian rupee is going to get the futures contract soon. The Dubai Gold and Commodities Exchange will list a futures contract on the Indian rupee in mid-June.
India waits for record cotton production
Cotton production in India is expected to rise to a record 4.7 million tones while the world cotton production is forecast at 25.2 million tonne for 2007-08.
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| April 11, 2007 | | What do commodity futures markets do?
How does the Commodity Futures Market operate and how can it help you as an ideal investment opportunity?
Diamond exports lose sparkle
The exports have shown a fall of 6% during the first 11 months of fiscal 2006-07.
Mahabaleshwar poised for strawberry boom
With France and Belgium setting its eyes on the red fruit from this small region, farmers in Mahabaleshwar have decided to double the cultivation this year to 3,000 acres from the present 1,500 acres.
No more hazardous colours in tea
Your morning cup of tea might become clean, soon. The Tea Board has asked tea packeters and blenders to stop adding hazardous colours to tea.
Tripura, new land of latex?
According to Rubber Board officials, Tripura is well poised to emerge as the next natural rubber capital of India after Kerala.
Commodity futures trade rocks in 2007
Silencing all rumours and speculations on its future, the total commodity futures trading volume in the last financial year showed an increase of 70 per cent to Rs 37 lakh crore (Rs 37 trillion).
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| April 07, 2007 | | Pak cement lands in trouble at Indian port
Cement import from Pakistan received a jolt when consignments from the neighbouring country was held up at Nhava Sheva port for want of quality clearance.
Food of the poor to get Vitamin boost
According to an IFPRI press release, the Union Government and HarvestPlus have signed a memorandum of understanding to conduct research on increasing the level of essential vitamins and minerals, or micronutrients in crops critical to poor people.
Indian mangoes set to win American hearts
Indian mangoes are all set to tickle the taste buds of Americans with the Bush administration clearing the way for exports to the US this harvest season, which would give farmers here access to the global market.
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| April 04, 2007 | | Textile sector set for big boom
Textile industry is all set for a big boom. According to Central government sources, the textile industry will require an investment of Rs 1.94 lakh crore by 2012 to become an overall sector worth $110 billion.
Indian diamond sector eyes CIS nations
Eyeing a big market, jewellery and diamond exporters in India have decided to target Commonwealth of Independent States and East European nations.
India unlikely to meet $125b export target
If the provisional figures released by the department of commerce are any indication, India is unlikely to meet the export target of $125 billion in the 2006-2007 fiscal.
Himachal to grow popular American apples
Himachal Pradesh is gearing up to grow United States' most popular variety of apples in the higher reaches of Lahaul Valley.
Growth rate: Gujarat leads rest of India
Western Indian state of Gujarat, headed by Chief Minister Narendra Modi has recorded the highest growth rate - 12 per cent - among the Indian states.
Curb unproductive farm subsidy: World Bank
World Bank economists have urged the Indian government to cut unproductive farm subsidies and utilize agriculture spending the most productive manner.
Coffee exports register big rise
Coffee export has seen a big jump in the fiscal 2006-2007 with the Coffee Board issuing permits to export 2,55,421 tonne, up from 2,02,879 tonne during the last fiscal.
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| April 02, 2007 | | Modernisation propels Tiruchi's rice mills
As part of the change in outlook, all these mills are now modernising its equipment and sourcing high quality paddy from local markets and neighbouring states.They have also started broadening their market in domestic and foreign shores.
Coffee exports down by 17%
According to Coffee Board, exports from India, which accounts for 4.5% of global output, fell 17% in the first half of the year.
Despite futures ban, tur prices soar
According to traders, tur prices have jumped by about 20 per cent during the last fortnight.
Sugar output data, a bundle of blunders!
It seems, as far as sugar and cane production is concerned, numbers are something the government can always juggle with in India.
What is food subsidy?
Food subsidy is provided by the Centre in the budget of the Department of food and public distribution to meet the difference between the economic cost of foodgrains and their sales realisation at central issue prices.
Soaring mercury hits rubber production
According to the Rubber Board, India's rubber production has fallen to a third in last three months.
NCDEX to spread awareness on futures
The Central government's decision to ban futures trading in several commodities has not deterred the firms from going in for a big awareness drive in Punjab, India's wheat bowl.
Sugar export sops fail to cheer industry
A section of sugar industry has expressed dissatisfaction over the government's export incentives, saying a Rs 100 per tonne extra subsidy for mills in northern region as compared to those for coastal areas was not enough.
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