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| May 30, 2007 | | ITC to train 1 million farmers
ITC plans to teach farmers in four states the best agricultural practices.
PM calls for food security in India
Prime Minister Manmohan Singh on Wednesday said rising inflation and slow response to rising demand for wheat, pulses, rice and edible oil have caused a sense of urgency for food security in the country.
Gujarat poised to generate more power: Modi
Gujarat is all set to produce 15 per cent of the power India hopes to generate in the 11th Five Year Plan, chief minister Narendra Modi has said.
Tale of an ingenious farmer
Here is the story of a humble farmer who developed a unique cardamom variety called 'Njallani', but did not know how to apply for a patent.
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| May 25, 2007 | | All about fertilizer subsidy burden
India's total fertiliser subsidy burden in the current financial year is more than double the budgetry allocation of Rs 24,500 crore (Rs 245 billion) as announced in the Budget.
Cess on Indian-made textiles abolished
The Indian government on Thursday decided to exempt all textiles and textiles machinery manufactured in the country from a long-standing cess.
Financing commodity development
Despite the enormous commodity potential in developing countries, agricultural finance has been decreasing steadily over the past 20 years and new modes of financing are needed, says UN.
Global bidders for wheat supply to India
Seven global companies are in the fray for supplying over one million tonnes of wheat to India.
India scouts for overseas mines
Expressing concern over depleting mines reserves in the country, Minister of Steel Ram Vilas Paswan today said the Indian government is looking out for overseas acquisition of mines.
'Coffee Mark' coming soon
Indian coffee is soon going to be branded globally under a new look and name --'Coffee Mark.'
A tiny village that lives out of a dairy farm
Gitdabling, a village near Kalimpong, is famous for its homemade cakes and pastries in the Darjeeling district of West Bengal.
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| May 23, 2007 | | China leads global steel production
The world production of steel is expected to go up by 5.1 per cent this year as China, the world's largest steel producer, continues to lead growth, it said.
What is 'dirty gold'?
If not, read this primer on gold.
Wheat procurement crosses 10 mn tonne
India's wheat procurement in the ongoing Rabi marketing season has already crossed a record 10 million tonne.
Peanuts, potatoes facing extinction?
A new study on global warming says massive atmospheric changes may drive many varieties of plants and crops, including potatoes and peanuts, to extinction by 2050.
ONGC to bid for Azerbaijan refinery
ONGC Videsh Ltd, the overseas arm of state-run Oil and Natural Gas Corporation (ONGC), is getting ready to bid for an oil field in Azerbaijan.
National plan to boost agri growth soon
The Indian government would unveil a major initiative in the next 10 days to enhance the total public investment in agriculture and push the rural growth to greater levels.
Mango, new mantra of India-Japan trade
Mango has become the new mantra of trade between India and Japan after the successful export of mangos from India.
Good times ahead for gold investors
A report from the World Gold Council says that rising demand for luxury goods from India and China may drive the gold prices to a new peak in the next year.
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| May 21, 2007 | | Testing of seeds to be made compulsory
The Indian government is planning to make testing of seeds compulsory for private seed makers like Monsanto, Bayer and Novartis in the country.
Oilseeds production to go up
Oilseeds production in India is going to move up. A new report says oilseeds growth in the country will be 16 per cent higher at 26.9 million tonnes during the fiscal as against 23.3 million tonnes produce in 2006-07.
NMCE to launch turmeric futures
The National Multi Commodity Exchange is planning to launch turmeric futures of Erode variety soon.
India has 111 Bt cotton hybrids
Cotton farmers in India are going to get a bountiful of hybrids to select from this year onwards.
High margins on pepper to go
The higher margins imposed on pepper in the wake of volatiluity in the commodity's prices by the Forward Markets Commission is likely to reduced soon.
FMC to tie up with global commodity regulators
The Forward Markets Commission, the apex commodity futures regulator in India, plans to collaborate with commodity organizations in other countries to strengthen its regulatory arm.
Bengal to launch crop diversification plan
The West Bengal government is chalking out a new plan to set right the serious agricultural imbalance that the state faces.
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| May 19, 2007 | | Typhoon may delay monsoon
According to various meteorological reports from different countries, a raging typhoon in the West Pacific has apportioned a part of the southwesterly flow to itself, denying the Arabian Sea required moisture to flag off the monsoon in Kerala.
Awareness programme on 'futures' held
In an effort to make awareness among farmers about the benefits of Futures trade in commodities, NCDEX and Forward Market Commission jointly organised an awareness programme here recently.
Food grains procurement to be outsourced
Procurement of food grains is the new sector where outsourcing is soon going to get a foothold.
India is global leader in Basmati rice
India's share in the world market for basmati rice is about 53 per cent, said the government on Friday.
India's wheat import costs to rise
India, the world's second-biggest wheat consumer, may import up to 5 million tonnes of wheat this year, said Union agriculture minister Sharad Pawar a few days ago.
Sugar prices may go down
The downfall in sugar prices is continuing with the rates bound to slide at least Rs 50 a quintal by the month-end.
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| May 18, 2007 | | Gold prices crash to five month low
Gold prices are crashing these days in India, especially in the wake of major fall in precious metals in the overseas markets.
Global coffee exports surge
Global coffee exports have seen a major jump in the first six months of the current crop year.
Farmers hooked to futures
Soon, farmers in India will be equipped to check out the futures prices of commodities in their villages.
More steps to curb inflation: Chidambaram
The government on Thursday informed the Parliament that it would take further steps like reducing custom duties to check inflation below five per cent.
India's spice exports surge
India's spice exports have surged in the financial year 2006-07, backed by an improvement in quality and a global shortfall in supply of various spices.
Panel on futures gets two months' extension
Abhijit Sen committee, appointed by the government to look into the impact of futures trading on farm commodity prices, has got an extension of two months.
E-auction in spices to start in July
India plans to launch electronic auction of spices by July this year as part of efforts by the Spices Board to make the country a global hub for processing and marketing of spices.
Rupee gain is exporters' pain
Exporters of commodities from India are facing a strange situation now.
US wheat may land in India soon
American wheat may find its way to India again following an Indian government delegation's visit to the US to sort out differences in quality control.
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| May 17, 2007 | | Warehousing and commodity futures trading
Among the investment avenues, commodity futures trading is a fast growing sector with huge untapped potential, along with the financial markets.
Red chillies are not hot
Red chillies are not at all hot these days if the dwindling price of the commodity is of any indication.
Milk: India's top commodity
Which is the number one commodity India produces? It's not wheat or rice. Milk is India's top commodity with an output touching 100 million tonnes valued at Rs 2,27,340 crore (Rs 2,273.4 billion).
Meet India's 'Silver Crorepati'
A peek into the success story of A Rameshan Nair, a school dropout, who learned to extract silver from used X-ray films and hypo-fixer waste solution and has already made a fortune.
India's largest grape-producing village
An obscure village in the northeastern Indian state of Mizoram is going to grab global attention, thanks to grapes.
Govt banks on hybrid seed to boost pulses output
Concerned over the stagnated pulses output and the rising prices of the commodity, the Central government has chalked out a detailed programme to boost production of pulses in the country.
Early Monsoon may help curb inflation
The India Meteorological Department's forecast of early monsoon has come as a respite for the Central government, which has been drawing flak from all corners for its failure to rein in inflation.
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| May 16, 2007 | | Why Russia banned rice exports from India
The Indian government has sprung into action after Russia banned export of rice from the country following prohibited pesticides were found in the rice shipments.
Vanilla farmers see ray of hope
Vanilla seems to be the flavour of the season, if you go by the claims made by Vanilla India Producers Company recently.
Organic scampi from India soon
Organic aquaculture is all set to spread its wings in India. As a right step in this direction, the country will soon become the first in the world to produce certified organic scampi.
Gas price to decide Iran-Pak-India pipeline
Iran-Pakistan-India gas pipeline project has been found technically possible but its economic viability will depend on the price at which Tehran sells the fuel, said Minister of State for Petroleum and Natural Gas Dinsha Patel.
China: India's new basmati export destination
Nearly six months after New Delhi and Beijing signed a protocol to facilitate the export of Indian basmati rice to China, rice exporters are here in an upbeat mood.
Bhutan may ban poultry imports from India
Following news of bird flu outbreak in a poultry farm in West Bengal's Darjeeling, Bhutan is mulling a ban on import of chicken meat and eggs from India.
Wheat procurement process is slow: Pawar
India's Agriculture Minister Sharad Pawar admitted in the Parliament that the procurement of wheat is slow, and time-consuming.
US rice sector hit by EU, Cuba ban
Ban on US rice by the European Union and Cuba is turning out to be detrimental for the American rice sector as the commodity may found it tough to get buyers now.
Sugar cos wait for govt fund
A number of sugar companies in India are awaiting government approval for loans from the Sugar Development Fund to set up co-generation power units or ethanol plants.
Reliance's new package for SEZ-hit farmers
Reliance Industries Limited has chalked out a novel scheme to compensate and rehabilitate the displaced people from Special Economic Zone areas the company is developing.
MCX to train futures trade pros
Anticipating a major shortage of professionals in Futures trading in the coming years, the Multi Commodity Exchange has decided to train 10,000 personnel in the sector this financial year.
Massive spend for energy sector
The Indian government is planning to spend about Rs 2, 70,000 crore in oil and gas sectors during the Eleventh Plan (2007-12).
Indian villages to be lit up on Chinese model
The Indian government is chalking out plans to introduce a Chinese model of power distribution to light up the country's 'powerless' villages.
Edible oil prices to soar again
Cooking oil rates have already witnessed a rise of almost 25 per cent since last year
Early monsoon may bring cyclone too
The Indian Meteorological Department announced that conditions are favourable for further advancement of monsoon to some parts of southwest Bay of Bengal
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| May 12, 2007 | | Rain respite soon for farmers
This piece of forecast from the India Meteorological Department and the European Centre for Medium-Range weather Forecasts may bring cheer to Indian farmers
Pulses import plans in full swing
Central government's plan to import pulses to rein in inflation is continuing with renewed vigour as state-run agencies have contracted imports of 437,000 tonnes of pulses till this week.
Lift ban on futures trading: Exchanges
India's leading national commodity exchanges have asked the government to immediately lift the ban on futures trading on certain agricultural commodities.
Investment Theme for 2007
Over the last three years or so, the world has had a secular bull run in some commodities and emerging market equities.
Indian demand spurs Malaysia's palm oil export
High demand from India and China has depleted the palm oil stock of Malaysia, triggering fears of a price rice in the global market.
Closed tea gardens to re-open soon
The Central government has finalized a financial relief package for 33 closed tea gardens across the country, Minister of State for Commerce Jairam Ramesh said on Friday.
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| May 11, 2007 | | Blight lands Bengal potato farmers in soup
Major potato producing state West Bengal is in the grip of blight disease and farmers are set to suffer huge losses this time due to the late attack of the fungi.
India hit by slow agri growth
Indian Inc may be upbeat about the economic boom that India is witnessing these days. But a new report from the Planning Commission says it is not boom, but gloom that is prevalent in the country's agriculture sector.
Gold prices slide as dollar strengthens
Gold price is declining due to the strengthening of dollar in the wake of the US Federal Reserve's move to control rate on inflation concerns.
Govt's wheat procurement still lags
As anticipated, the Central government's wheat procurement operations have failed to meet the target and lagged behind last year's purchases.
Pak cement to flood India soon
Eyeing the inevitable construction boom in India, cement companies in Pakistan are readying for huge exports to the neighbouring nation now.
Pesticide consumption lowest in India
Is pesticide consumption in Indian farms the highest in the world? Several global reports have ranked India among leading pesticide consuming countries
PIL against wheat import in Supreme Court
Noted activist Vandana Shiva on Thursday filed a Public Interest Litigation in the Supreme Court seeking directions to the government not to go ahead with the import of wheat till the final disposal of the writ petition.
Punjab to launch e-agri services
The Punjab government will soon launch e-agriculture services in collaboration through 'Kisan Soochna Kendras', a network of agri based information kiosks with broadband connectivity.
Tatas to raise $ 600 million for coal mines
India's largest private power utility company - Tata Power Company - is planning to raise $ 600 million to fund its recently acquired coal mines in Indonesia.
Farm products prices remain steady
Farm commodity prices have shown a mixed trend in different centers throughout the country, according to a data released by the Department of Consumer Affairs.
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| May 10, 2007 | | US wheat may land in India again
Faced with the government agencies' failure in wheat procurement and an increase in demand, the Central government may relax quality norms for imports from the US after 15 years.
Rupee gain a pain for rice exporters
A strong rupee is creating problems for the exporters in India. One of the victims of the rupee vagaries is the rice exporter.
Pakistan to export record wheat to India
Pakistan is likely to export around one million tonnes of wheat to India this year, according to a news report.
No appeal for hallmarking of gold in Gujarat
Gold traders in Gujarat have protested the Central government's decision to hallmark gold, saying the hallmarking procedure is complicated and costly.
India, China lead commodities boom: UNCTAD
Demand for commodities has grown faster, mainly under the influence of rapidly industrializing countries like China and India, says a document on commodities from the United Nations Conference on Trade and Development.
Starbucks Coffee to enter India, finally
Starbucks Coffee International, the world's biggest coffee chain is finally entering India.
Tea lovers decline in India
Tea lovers in India are declining. Stiff competition from other beverages has pushed down the domestic consumption of tea in the country, according to the government data.
India's sugar production to go up: US
After several revisions in sugar output data by the Union government, now the US Department of Agriculture has modified its figures on India's sugar production, saying that it may touch 252 lakh tonnes during the 2006-07 season.
India to set up tea centre in Pakistan
Move over diplomacy. It looks the tea-relations between India and Pakistan is going to excel in the days to come, better than their diplomatic relations.
India to produce pesticide-free chillies
India will soon begin to produce and export pesticide-free chillies, if some of the novel initiatives from the Spices Board are of any indication.
India to overtake US in cotton exports to China
India is all set to overtake the United States as the largest cotton exporter to China, the world's top cotton consumer and importer.
India releases new policy for Petro Regions
Minister for Chemicals and Fertilizers and Steel Ram Vilas Paswan on Tuesday released a new policy on Petroleum, Chemicals and Petrochemical Investment Regions.
Govt delays wheat import tender
Still unsure of its ability to procure wheat from the market, the Centre has extended the tender dates for import of 1 million tonne wheat.
Dahej-Panvel-Dabhol gas pipeline commissioned
Minster of Petroleum and Natural Gas Murli Deora on Monday commissioned the first stretch of the Dahej - Panvel - Dabhol pipeline from Dahej to Surat.
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| May 03, 2007 | | Mangalore firm to market organic cashew in Europe
A Mangalore-based company has bagged the prestigious rights to market organic cashew in the European Union.
Indo-UK trade booms
Trade between India and Britain has gone up substantially in recent years.
Sino-India border trade begins
The Sino-India border trade began on Tuesday. The transaction on the first day was not very significant. It consisted of exports of a few quintals of rice and biscuits valued at Rs 10,000.
India's exports up by 23% in 2006-07
India's exports graph had shown a growth of 23.88 per cent during the previous fiscal according to a recently published provisional data for merchandise exports from Directorate General of Commercial Intelligence and Statistics.
Now, you can enjoy your black tea
Next time, when you drink your favourite black tea, it would come with a quality certification.
ETFs: Invest and trade in gold
Move over equity markets, mutual funds and bonds. Investors across India are these days picking up and trading in the latest investment avenue in town: the Gold Exchange Traded Funds.
Deora for sustainable oil prices
Murali Deora, Minister of Petroleum & Natural Gas has urged the need for sustainable international oil prices stating that the high oil prices are neither in the interest of oil importing countries nor beneficial to the exporting nations.
Pulses: India is the largest producer and consumer
India is the world's largest producer of pulses; but last year the country had to import 1.8 million tones of pulses to meet the growing domestic consumption.
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| May 01, 2007 | | Will futures trading in guar be banned?
Is Guar the next commodity that is likely to be banned by the Forward Markets Commission?
Allow banks to hedge at exchanges: NCDEX
India's leading agri commodities bourse - the National Commodity and Derivative Exchange - has asked the government to permit banks to hedge at domestic commodity exchanges like international bourses.
Futures ban hits NCDEX trading volumes
India's leading agri commodity bourse - the National Commodity and Derivatives Exchange said on Monday that its trading volumes have been hit by the ban on futures trading in pulses, wheat and rice.
MCX to set up spot exchanges in Andhra
India's leading commodity bourse - the Multi-Commodity Exchange - is in negotiations with the Andhra Pradesh government to set up spot exchanges in the state.
India to invite tender for wheat import
Worried over its failed procurement operations and anticipating a shortfall in production, the Centre has decided to invite tenders for import of 1 million tones of wheat.
India eyes Pak to boost tea export
India has launched an aggressive campaign to boost tea exports to Pakistan, Egypt, Iran and Iraq apart from traditional buyers Britain and Russia.
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