The Hindu Business Line : Sunday, June 27, 2004

COMMODITY EXCHANGES
Allow banks to develop gold-backed products: WGC
BANKS and financial institutions should be allowed to trade on the commodities exchange on "spot price" basis, according to the World Gold Council (WGC). In a pre-Budget memorandum to the Government, the council has suggested that banks be ... More

TEA
Feasibility report sought for tea park
THE Tea Board has asked I-Win, a joint venture of the West Bengal Industrial Development Corporation and ICICI Bank, to prepare a feasibility report for setting up a tea park in the Kolkata Port Trust area. The proposed park will have ... More

TECHNICAL ANALYSIS
Palm oil futures may head up
MALAYSIAN crude palm oil futures on MDEX closed higher on Friday with a sudden rush of buying emerging during the close as the CPO futures witnessed profit taking during the day. A stronger close in overnight Chicago soya oil also underpinned ... More

SPICES & CONDIMENTS
Dip in Indonesian pepper output likey to help Indian exports
THE decline in pepper production this year in Indonesia, where harvesting has just begun, might pave the way for increased demand for Indian pepper to offset the shortfall in the international market. According to the Jakarta-based ... More

NATURAL CALAMITIES
PM likely to visit AP
THE Prime Minister, Dr Manmohan Singh, is likely to visit Andhra Pradesh in the first week of July for a firsthand assessment of the situation on the agricultural front in the light of increasing number of farmers committing suicide in the ... More

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