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Thursday, March 04, 2004

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AGRI-BIZ & COMMODITIES

RUBBER
Rubber falls on poor buying
THE rubber market continued its downward journey on Wednesday. RSS 4 closed at Rs 55.00 against Rs 55.50 a kg. At Bangkok, RSS 3 improved by 6 paise to Rs 60.26 from Rs 60.20 and the TOCOM April features for the same grade was better at 148.3 yen ... More

TEA
Orthodox tea exports may take a beating on poor, unstable supply
INSUFFICIENT and inconsistent supply of primary orthodox grades is likely to hamper export of orthodox tea, say traders. Merchant exporters told Business Line that a lack of consistency in supply could mar the otherwise positive export ... More

METALS
Copper majors hike prices in tandem with LME trend
FOLLOWING firm trend in the London Metals Exchange last month, all the three major producers — Hindustan Copper, Sterlite Copper and Birla Copper — have increased their selling prices by Rs 14 per kg to Rs 20 per kg on different ... More

COTTON
World cotton prices seen down
HIGHER production driven by current high prices, trailing consumption, lower exports and expanding stocks, all leading to a decline in average price during 2004-05 has been projected for cotton. According to the International Cotton Advisory ... More

OILSEEDS & EDIBLE OIL
Malaysian Minister flays India's vegoil tariff
WHILE the current high prices of crude palm oil ruling at (Ringgit Malaysia) RM 1,950-2,000 a tonne are justified by domestic and global fundamentals, the existing price differential of around $140-150 a tonne between palm oil and soyabean oil is ... More

SPICES & CONDIMENTS
Pepper up on tight supply
PEPPER prices have shown signs of an upward swing following the reported delay in harvesting in Vietnam and the consequent delay in shipments. In the international market, the prices moved up. Brazil was offering Asta grade at $1,415-$1,450, ... More

AP Govt steps in to placate chilli farmers
IN efforts to stop distress sale of chilli crop and assuage the agitated farmers, the State Government has taken up a series of interventions. The Government has directed the AP Markfed (Andhra Pradesh State Co-operative Marketing Federation ... More




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