PRESS DIGEST- India Commodity-News - May 5

MUMBAI, May 5 (Reuters) - Indian newspapers carried the following stories in their print or Web editions on Monday. Reuters has not verified these stories and does not vouch for their accuracy.

FINANCIAL EXPRESS (www.financialexpress.com)

* The Directorate of Cashew and Cocoa Development, is planning to give cashew production in the country a boost by increasing the area under farming, to one million hectares by 2012 from the current 874,000 hectares. Farming is likely to be introduced in the states of Chattisgarh,Jharkhand and the north eastern states.

* Scientists at the Biotechnology Institute of the University of Maryland, Centre for Marine Biotechnology in the United States are experimenting with indoor aquaculture, which may become a sustainable solution to the World fishery crisis, which estimates the wipe-out of edible marine fish by 2048.

BUSINESS LINE (www.businessline.com)

* The Indian Jute Mills Association (IJMA) has urged the government to exempt raw jute from futures trading. The IJMA has contended that futures trading in raw jute has resulted in a hike in the price of the commodity in the market.

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