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Friday, July 30, 2004

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AGRI-BIZ & COMMODITIES

RICE
Bangladesh shows way to grow rice sans insecticide use
IN a heartening development that has far-reaching implications for the Asian rice economy, about 2,000 resource-poor Bangladeshi farmers growing paddy have been trained to raise the crop sans use of insecticides and with reduced application of ... More

WHEAT
Uptrend in wheat prices: What's driving them?
MENTION drought and be rest assured that you would have speculators working overtime. This, even when very little may have changed as far as the underlying supply-demand position of a particular commodity is concerned. Take the case of wheat. ... More

CLIMATE & WEATHER
Monsoon revives in north Kerala
MONSOON rainfall showed signs of revival with the northern districts reporting good showers during the three days ending July 28; but the southern districts of Kollam and Thiruvananthapuram were made to sweat it out as usual, with menacing dark ... More

AQUACULTURE
Waiting for the bounty
A scene from Pallana in Alappuzha. Chaakara, formation of mud banks along the coast during monsoons, used to be a windfall for fishermen. This year, however, Chaakara was spotted late even as fishermen have recorded very poor catch. Adding to ... More

FERTILISERS
MMTC buys DAP from global market to meet shortfall
IN a fire fighting measure to meet the shortfall of di-ammonium phosphate (DAP) fertiliser in the domestic market, the Government controlled MMTC Ltd on Thursday booked a cargo of 60,000 tonnes of DAP from US-based Phoschem. The move is aimed ... More

RUBBER
Rubber trade seeks review of export policy
THE Cochin Rubber Merchants Association has urged the Union Commerce Ministry to review policies regarding rubber exports and to continue with the existing 20 per cent import duty for the commodity till March 2006. In a memorandum submitted to ... More

Rubber plunges on hectic selling
THE rubber market fell again on Thursday. After a weak opening, prices began to plunge further as the market failed to absorb the hectic selling from traders. In the futures, the August delivery was quoted at Rs 59.47 (59.72), September ... More

TECHNICAL ANALYSIS
Spot gold may head lower
GOLD prices recovered Wednesday after a weaker-than-expected US economic data saw the dollar coming under pressure. The dollar backtracked after a report showing the US durable goods orders rose a 0.7 per cent in June, against market expectations ... More

WATER
Kerala: Water levels rise in major reservoirs
THIRUVANANTHAPURAM: Water levels at the three major reservoirs in the State - Idukki, Idamalayar and Kallada - recorded a remarkable increase during the last week when compared with the year-on-year levels. According to figures ... More

COTTON
Cotton prices may rule lower
COTTON prices may rule lower in the next few days because of expected higher import inflows, hopes of monsoon revival and limited buying interest from mills. Select varieties such as Bengal Deshi, V-797, J-24, MCU-5 and NHH moved up by Rs ... More

Mills in South may go for cotton import
NOTWITHSTANDING the current lull in the sale of yarn and fabric, textile mills in the South may pitch for import of raw cotton to take advantage of the easy international price situation. The textile units, especially those involved in the ... More




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