AGRI-BIZ & COMMODITIES
CLIMATE & WEATHER
El Nino, if at all, will benefit India: IMD
El Nino is normally known to go before a bountiful northeast monsoon.
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MET SIGNS
Kerala: Deficient rainfall in five districts
RAINFALL statistics up to August 18 reveal that nine out of the 14 districts have recorded `normal' rainfall in the ongoing southwest monsoon while the rest received `deficient' precipitation. According to the Agromet bulletin dated August 19 ...
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COMMODITIES
Inflation scales up on costlier fuel, metals
THE annual wholesale price index-based inflation surged to a new three-and-a-half year high of 7.96 per cent during the week ended August 7, largely due to rise in fuel and metal prices, according to the data released by the Ministry of Commerce ...
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HORTICULTURE/FRUITS & VEGETABLES
Ginger glut
A heap of ginger lying at a market in Kochi. A glut situation has cropped up on new arrivals. This has resulted in the prices crashing. Currently, ginger is quoted at Rs 20 a kg in the retail market, down from Rs 35 a month ago. ...
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INFRASTRUCTURE
Tenders issued for AP irrigation projects
THE Major Irrigation Department of Andhra Pradesh has issued tender notices for seven major projects consisting of 22 packages and costing Rs 4,060 crore. The department would be issuing tender notices to other projects in 15 to 20 days, ...
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RUBBER
Sheet rubber up on purchases by covering groups
RUBBER prices were quoted steady except RSS 4, which improved by 50 paise to close at Rs 55.00 a kg on Friday. Covering groups continued to procure sheet rubber fulfilling their weekly commitments. The other grades were comparatively inactive. ...
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TEA
Tea import bill rises 83 pc to Rs 13 cr
THE volume of tea import in the first quarter of this year has increased significantly despite a marginal fall in the unit price of the landed tea. According to industry sources, India imported 2,116 tonnes of tea at an average c.i.f price of ...
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GOLD & SILVER
`Gold prices to remain firm in global market'
GOLD prices in the global market may remain firm in the next 2-3 months, mainly because of continued pressure on the dollar, security threat and the next big launch of gold funds in the US, Mr Kamal Naqvi, Head of commodities research, Barclays ...
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Gold demand up 20 pc in H1
DEMAND for gold in the country during the first half of 2004 was 20 per cent higher in rupee terms and 10 per cent higher in tonnage terms than that in the first half of 2003. Total consumer demand (jewellery and net retail investment) ...
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METALS
Vedanta to buy 51 pc stake in Zambian copper mine
VEDANTA Resources Plc, the London Stock Exchange-listed holding company of the Sterlite Group, on Friday announced that it planned to acquire a 51 per cent controlling stake in Konkola Copper Mines in Zambia, for a total cash consideration of ...
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BIO-TECH & GENETICS
Haryana plans to develop bio-villages
THE Haryana Agriculture Department has decided to develop bio-villages by encouraging farmers to use only bio-fertilisers and bio-pesticides, according to the State Agriculture Minister, Mr Jaswinder Singh Sandhu. Mr Sandhu was interacting ...
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OILSEEDS & EDIBLE OIL
Classification row over palm oil import duty
CLASSIFICATION disputes are seemingly endemic to edible oils, more so with regard to palm oil. Crude palm oil (CPO) currently attracts a basic Customs duty of 65 per cent, while the duty is 75 per cent on both RBD (refined, bleached, ...
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COCONUT & COPRA
Coconut milk powder launched in Kerala
KOCHI: The Irinjalakkuda based KPL Oil Mills Pvt Ltd, one of the leaders in the edible oil market, has introduced its new product KPL Shudhi Coconut Milk Powder in the market to coincide with the Onam festival season. The 100 gm packet, ...
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SPICES & CONDIMENTS
Uptrend in cardamom prices on buying support
Prices are expected to rise this season on 15-20 per cent decline in production.
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CO-OPERATIVES
Farmers won't be arrested in loan recovery: Chautala
THE Haryana Chief Minister, Mr Om Prakash Chautala, has announced that no farmer would be arrested for effecting recovery of outstanding co-operative loans including the loans obtained from the Haryana State Co-operative Agriculture and Rural ...
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