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Govt scraps Commodity Transaction Tax

The Govt abolished the Commodity Transaction Tax (CTT) that was announced in Budget last year.

India allows limited wheat export, no subsidy

India has allowed the export of 900,000 tonnes of wheat by state-run firms and 650,000 tonnes of wheat products by private trade.

Economic survey suggests food coupons for poor people

Economic Survey has mooted the idea of providing food coupons to poor people to address the issue of diversion of food grain.

Survey for lifting ban on farm futures

The government should lift the ban on futures trading on rice, sugar, tur and urad and decontrol sugar sector.

Alarm bells ring as paddy sowing down 25%, oilseeds 50%

Deficient rainfall in many parts of the country has started showing stress on the progress of sowing of kharif crops.

MMTC to sell 10,600 imported yellow peas

State-run MMTC has invited bids for sale of 10,600 tonnes of imported yellow peas in the domestic market.

Competition, unattractive prices to impact sugar SMP: Report

Sugar mills will continue to pay higher than the statutory minimum price of Rs 107.76 a quintal for sugarcane.

India gold futures higher on overseas cues

International gold prices inched above $940 to a near one-week high.

UK to promote ghee-free Indian food

Alarmed that people with origins in the Indian sub-continent have a 50 per cent risk of dying prematurely from cardiovascular diseases, Britain's health officials have initiated a plan to promote a ghee-free diet.

Over 1 bn people may go hungry in 2009: FAO

The number of hungry people in the world may cross 1 bn due to the shocks of global economic crisis.

Indian spice delicacies big hit in China

Indian food delicacies with flavour and taste of spices are becoming a big hit in China, Spices Board sources said.

Tea prices to rise on global shortage: CMIE

Tea prices are expected to rise by 10 per cent on low supply and higher global demand in 2009, CMIE said in its monthly review.

'Climate resistant crops should not be patented'

Biopiracy of traits of climate resilient crops by leading seed multinationals can endanger the income and livelihood of farmers, more particularly in the developing world said a report compiled by a civil society organization, Navdanya.

MMTC invites bids for sale of Canadian yellow peas

State-run MMTC invited bids for sale of 27,000 tonnes of Canadian yellow peas in the domestic market.

Jan-May coffee exports fall to 80,914 T: Official

Total exports were 80,914 tonnes between January and May, compared with 97,052 tonnes in the year-ago period.

UP imposes additional tax on selective commodities

The UP Govt has decided to impose an additional tax up to one per cent on a number of commodities.

Almond futures recover on short-covering

At 1040 hrs, almond for delivery in September contract was trading 0.38 per cent higher at Rs 330.75 per kg at MCX counter.

SEBI imposes heavy penalty for frauds in F&O mkt

Market regulator SEBI imposed a penalty of Rs 17.5 lakh on Delhi-based broker Suresh Bharrat for alleged irregularities.

MMTC tenders to buy 18,000 T RBD palmolein

Trading firm MMTC has issued an import tender to buy 18,000 tonnes of RBD palmolein for shipment in June, the company said.

April veg oil imports double YoY trade

India's vegetable oil imports in April rose 101 per cent from a year earlier to 699,396 tonnes.

Jeera futures slip on sustained selling

At 1120 hrs on the NCDEX, jeera for the May contract declined by 0.43 per cent to Rs 11,968 per quintal, with a trading volume of 264 lots.

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