The Hindu Business Line : Agri-Biz & Commodities

Feb. 2: Commodity futures exchange NCDEX raises open interest limit of sugar from 3,000 tonnes to 7,500 tonnes for members and from 1,000 tonnes to 2,500 tonnes for clients.

Feb. 5: Metal stocks plunge on the bourses following the fall in prices on the London Metal Exchange (LME) on reports that a $1-billion hedge fund, Red Kite, trading in metals, has lost 20 per cent of its assets in Jan..

Feb. 6: Due to the demand of traders and processors, the National Multi-Commodity Exchange (NMCE) modifies cumin seed (jeera) specification in `test weight’. Cumin seed of fair average quality - pure machine cleaned - will now on be traded on count of up to 300 seeds per gm, instead of 280 seeds per gm. for futures contract.

Feb. 12: HDFC Bank enters into an agreement with Godrej Aadhaar, the agri services and retail initiative of Godrej Agrovet Ltd, to offer agri-credit facility in the rural areas.

The Visakha Co-op Dairy increases the price of milk in less than a month by about Re 1 a litre, citing the increase in the procurement price as the reason for the hike.

Feb. 14: The Union Government bans export of wheat. The decision is been taken in the backdrop of a less-than-satisfactory outlook for the ensuing wheat crop and growing concerns over prices.

Feb. 18: Darmona Estate creates history at the auctions of the Coonoor Tea Trade Association here. It fetched the year’s highest price of Rs 104 a kg among all the CTC teas from bought-leaf factories.

Feb. 21: The National Bank for Agriculture and Rural Development (Nabard) releases Rs 54.29 crore to the Kerala State Cooperative Bank (KSCB) at an interest rate of 2.5 per cent as refinance against the initial credit limit of Rs 342.65 crore.

The Centre lifts ban on export of `dollar gram’ or kabuli chana, following reports of a crash in market prices.

Feb. 28: The Forward Markets Commission freezes futures trade in wheat and rice with immediate effect.

Events 2007 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

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