Political will needed to contain pulse price rise

Hello Friends here we come up with the Latest Agri Commodities updates from various parts of the country.

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political will needed to contain pulse price rise

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Political will needed to contain pulse price rise –

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As part of measures to curb price rise, the planning commission has mooted the idea of encouraging formation of pulses grower’s federation which will trade on commodity future exchanges.

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The commission seems to believe such a trading plan will rein in price rise.

Stagnant acreage, low yields  and unsteady output have characterized pulse production for over two decades.

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On the other hand, demand for pulses has been rising steadily because of rising incomes and demographic pressure.

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🙂

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In Other major Commodities Updates, we can read that palm oil climbed to the highest in more than seven months.

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Palm oil extends 2009 rally on crude oil rise –

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Palm oil climbed to the highest in more than seven months, extending the best annual gain in 12 years, as gains in crude oil prices increased its appeal as a substitute used in biofuels.

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Palm oil rallied 56 percent last year on rising demand from India and China, the top consumers, and amid tight supplies of soyabean oil because of drought in south America.

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Oil surged 78 percent in 2009, the biggest annual advance in a decade, and soyabean oil rose 21 percent.

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March delivery palm oil  gained as much as 1.2 percent to 2,696 ($788) a metric ton on the Malaysia derivatives exchange, highest since may 15 in intra day trading.

It traded at 2,690 ringgit at 5:13 local time.

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🙂

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India, China to Expand Cultural Ties

India and China will showcase their culture in each other”s land, holding major cultural festivals in 2010 devoted to traditional and contemporary arts, with an aim to boost people-to-people relations.

However, the year 2010 will witness the 2 countries take part in a major cultural exchange programme, with India hosting Chinese artists and China reciprocating by doing the same for Indians.

Meanwhile, while details of the programme are yet to be finalized, officials are planning to hold a months-long extravaganza in China, to showcase Indian dances, art and films among other things.

Further, with Bollywood educing a lot of interest in China, India also plans to bank on Indian films and music to establish connection with the Chinese masses.

India”s festival in China will largely be limited to India”s standard template of showcasing activities in performing arts, visual arts besides focusing on contemporary art to showcase the present cultural scenario in the country.

On the other hand, India, which has launched a major cultural diplomacy drive across South Asia, aims to foster strong people-to-people relations with its neighbors, including China which is India”s largest trading partner but has significant differences on border issues.