Posts Tagged ‘rubber market’

Food Inflation at 17.5%, Households Pay Price

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

🙂

Food inflation at 17.5%, households pay price

..

Food inflation at 17.5%, households pay price:

.

The government on Thursday said that the average wholesale price of food items had increased by a whopping 17.5% in the past one year.

.

The figure was 15.6% a week ago.

.

RBI to shift to a tighter money policy,which in turn would lead to a rise in interest rates.

.

The Centre has blamed this year’s poor monsoon for high food prices.

.

It also put the onus on state governments to control prices through better management of food supply through ration shops.

.

🙂

.

In Other major Commodities Updates, we bring you the news of Govt opting for transgenic tech to boost pulses production and Natural rubber prices going double in a year.

.

🙂

.

Govt looks to transgenic tech to boost pulses production:

.

The Union government is drawing up a comprehensive programme to introduce transgenic technology to improve the productivity of pulses.

.

Bt refers to a gene sourced from a soil bacterium that is transferred to plants and acts as an insecticide.

.

The Bt gene activates a toxin that kills a class of pests largely responsible for damaging plants and, thus, denting yields.

.

They are genetically low yielding and less responsive to inputs compared with other cereals and oil seeds.

.

Not only are they more prone to pests and diseases, hybrids and genetically modified varieties are not available to enhance productivity.

.

The agriculture department has said it plans to increase pulse production by 2 mt and acreage by 4 million ha by 2012.

.

🙂

.

Natural rubber prices double in a year:

.

The natural rubber (NR) prices have almost doubled in a year.

.

The benchmark grade RSS-4 variety was quoted at Rs 128 a kg on Thursday compared with Rs 65 a kg on same day last year.

.

The rubber market is now poised to break all records despite good production this season.

.

The local market follows its global peers resulting in a sharp increase in the prices in the futures trading.

.

According to Rubber Board estimates, production in November increased to 103,000 tonnes compared with 95,550 tonnes in the same month last year.

.

Production is expected to be at its peak in this month due to the winter season and supply is expected to improve further.

.

The board estimates also revealed that the total stock in the country increased to 247,000 tonnes.

.

This is due to the sharp increase in imports and a drop in exports during April-November.

.

🙂

.

Note : For More Latest Industry, Stock Market and Economy News and Updates, please Click Here