Anti-dumping duty fails to curb silk import from China

India has failed to control imports of silk from China despite imposing anti-dumping duty on both raw silk and silk fabric. The country imported silk items like raw silk, silk yarn and fabric worth Rs 1,713 crore in 2008-09, up from Rs 1,597 crore in the previous fiscal.

Tea exports dip but demand from CIS, UAE picks up

Tea export from India dipped by 19 million kgs in the first nine months of the year, but industry players feel it will pick up in the last two months. With demand from the CIS countries and the UAE on the rise again, India is likely to make up the export shortages to some extent by the end of the year.

Seafood exports seen down in H1 on lower demand

Seafood exports during the first half of the current fiscal are seen lower in volume and dollar realisation because of slow demand from the US, Europe and Japanese markets.

Nafed takes steps to offset ‘tie-up business’ losses

State-run National Agricultural Cooperative Marketing Federation of India, which is reeling under huge interest burdens following its ‘failed’ ‘tie-up business’ started a few years back, has initiated a series of measures to bring itself back into the pink of financial health.

Dollar movement, buoyant equity markets drive in oil prices

Crude prices finally came out of the shell. For the last couple of months prices were hovering in the range of $65-75. Last week it broke the confined range to make a high of $78.75 for the first time in 2009.

Spot markets help farmers get reasonable prices

More than a year after the inception of the National Spot Exchange Ltd, promoted by Financial Technologies Ltd, also the promoter of the country’s largest commodity exchange, MCX.

Rice procurement gathers pace; may miss last year’s mark

After making a slow start, rice procurement across the country is slowly picking up pace. Though figures from the Food Corporation of India show that till the last week, procurement was around 4,55,000 tonne less compared to last year..

Low carryover, speculation fuel turmeric prices to record levels

Turmeric prices in the spot markets have reached record levels in the last few days because of dwindling carryover stocks and increased speculative activities. Traders said prices have more than doubled in a span of just a year also owing to extensive damage to the standing crop.

‘Coffee consumption in India to double in 5-10 years’

Despite the availability of umpteen numbers of beverages, coffee continues to occupy an important place among all. Such is the appeal of this drink that despite the global recession, coffee consumption has maintained a robust annual growth of around 2.4% across the world.

Centre to fund monkey menace control programme in Himachal

The environment and forests ministry has agreed to finance various programmes being undertaken by the Himachal government to check the monkey menace in the state and upgrade the monkey sterilisation centre at Tutikandi in Shimla into a national-level training centre.

Floods in Andhra, K’taka to affect cotton production

Floods in Maharashtra, Andhra Pradesh and Karnataka are likely to result in a production loss of up to 2.5 million bales of cotton this year, with a subsequent increase in prices, industry body Confederation of Indian Textile Industry (CITI) said on Friday.

ICAR, IRRI develop submergence-tolerant rice

The Indian Council of Agricultural Research, in collaboration with the International Rice Research Institute, has developed a rice variety with submergence tolerance.

MCX & NMCE launch new futures contracts

On the eve of Diwali, two major commodities exchanges— Multi Commodity Exchange and National Multi Commodity Exchange—launched a series of futures contracts in agricultural commodities.

Onion prices soften, to stay firm till November

After staying high for the past two weeks following reports of crop loss owing to recent floods in Andhra Pradesh and Karnataka, onion prices have moderated marginally.

Coffee exports may rise 15% on more crop arrival

Coffee exports in the current financial year are likely to increase by 10-15% on expectation of higher crop arrivals from November, trade sources said.

Rubber prices to firm up on short supply, robust demand

Prices of rubber are likely to firm up further on short supply and robust demand, traders said. The cumulative drop in rubber supply during the period of April-September was 12%, while consumption is seen ahead by 3.5% over the same period of the previous year.

Demand-driven rally will help silver outperform gold

As gold hits an all-time high and silver staying much lower than its 2008 high of $21.35, currently trading at $17.50 levels, the question that instantly pops up is whether silver is under valued and is it good for a investor to buy silver rather than gold?

Protein content: soybean can be a substitute for pulses

Processed soybean foods could emerge as suitable substitutes for pulses. With pulses becoming expensive owing to lower supply because of dip in domestic production, the requirement for protein for a large section of people could be met with soybean, a senior agricultural scientist has said.

Punjab may follow Haryana way to increase milk yield

Small and marginal farmers in Punjab have high yield of wheat and rice. But their net income often fails to meet the expenses for education, health and other family obligations. The Punjab State Farmers’ Commission plans to help farmers improve productivity of their cattle which will result in higher income.

IICF highlights India’s role in global coffee economy

The India International Coffee Festival 2009, a three-day global coffee expo held in Bangalore, has underscored the fact that India will play a major role in the world coffee economy in the years to come.

Tea exports set to go up on increased production

Tea exports are likely to increase with the supply position improving during August and September, traders said. As a result, the market has eased down a bit, helping exporters to stay active, they added.

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