Friday, August 8, 2008

AGRI COMMODITY NEWS

· India Commodity trade up 82.7% in July 16 – July 31 – as per FMC data. (Source: Reuters)

· India has one of the fastest growing commodity futures market with a combined trade turnover 40.66 trillion rupees in the financial year 2007/08. (Source: Reuters)

· Cabinet defers Pawar’s plan on SUGAR decontrol. (IE)

· India to turn major SUGAR importer (as crop shrinks and demand rises). (FE)

· More reforms in remaining term, says FM. (FE)

· Area under most Kharif crops still lags behind. Revival of monsoon could see coverage improving. (BL)

· CACP submits MSP proposals for 6 Rabi crops. (FE)

· MAIZE, GROUNDNUT, COTTON sowing down. (FE)

· India may ship record SOYBEAN MEAL. (FE)

· OILSEED growers to get good rains (in Maharashtra and Gujarat). (FE)

· Global COTTON prices seen rising in volatile market. (BL)

· MMTC seeks 6000 tons RBD Palmolein. (BL)


AA : The Asian Age
BL : Business Line
BS : Business Standard
CM : Capital Market
ET : The Economic Times
FE : Financial Express
HT : The Hindustan Times
IE : The Indian Express
RS : Rashtriya Sahara
TOI : Times of India

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