The Hindu Business Line : Friday, August 27, 2004

COMMODITY EXCHANGES
Castorseed futures prices may recover on speculative buying
DESPITE reports of good sowing progress in all the three major producing states, castor seed futures prices may recover from the present level following continuous speculative buying by a few leading operators, reduced stocks and sustained export ... More

FARM CREDIT
Lending a helping hand to the farmer
For the first time a government at New Delhi is talking of caring for the farmer, though it could be some time before bankers are coaxed into funding farmers. More

HORTICULTURE/FRUITS & VEGETABLES
Going bananas?
Despite the truckers' strike truckloads of banana arrive in Kochi market for Onam. It is sold at Rs 18 to 24 a kg in retail.

INFRASTRUCTURE
Third party to evaluate quality of work on AP irrigation projects
THE State Government will appoint a reputed firm to evaluate the quality of the work on various irrigation projects to be executed by private companies. The Government will shortly issue a public notice inviting applications in this regard, ... More

PLANTATIONS
Tough nut to crack
Workers grading arecanuts in Thrissur market, the main trading centre in Kerala. The truckers' strike has hit the areca industry hard as transportation has come to a standstill, pushing down the price to Rs 1,020 a `thulam' (20 kg) from Rs 1,150 ... More

RUBBER
Truckers' strike keeps rubber prices steady
SPOT rubber prices ruled steady as the truckers' strike continued to cast its shadow over the trading floors. Major manufacturers were unwilling to purchase rubber but the market ignored the buyer resistance due to low availability of the raw ... More

TEA
Tea stocks in demand on firm price trends
WITH tea prices firming up this year, stocks of companies in this business have also started attracting investors' interest. In today's trading, there was across-the-board buying in most of tea companies stocks. Brokers and analysts said there ... More

TECHNICAL ANALYSIS
Gold prices may consolidate
GOLD prices moved higher due to oil hitting record highs and terror concerns ahead of the Republican convention in New York. Gold scaled to a four-month peak on Friday as record high crude prices attracted investors towards precious metals. ... More

GOLD & SILVER
'India has potential to influence gold prices'
DESPITE being the world's biggest importer of gold and biggest consumer of gold jewellery and also the largest scrap market for old gold jewellery, India has only a largely secondary impact on world gold prices. For India to become a world ... More

DAIRY & DAIRY PRODUCTS
Milk, ghee prices crash on monsoon revival
THE drought is passé, at least as far as milk and milk products are concerned. An indication of this is the crash in prices of skimmed milk powder (SMP) and ghee that has taken place over the past few weeks, coinciding with a revival of monsoon ... More

SILK
Raw silk imports by EOUs/SEZs from China — CBEC to discontinue testing of grades
IN a major relief for export-oriented units (EOUs) that import raw silk from China, the Finance Ministry has decided to discontinue the current practice of drawing samples to test the grade of raw silk imported by such units from China. A ... More

OILSEEDS & EDIBLE OIL
Need for serious rethink on clearance of edible oil imports
RECENT news reports uncovering the highly irregular clearance of edible oil consignments at lower rate of customs duty than applicable, especially in minor ports such as Bedi in Jamnagar (Gujarat), have unnerved many players. What has for some ... More

SPICES & CONDIMENTS
Spices exports top 50 pc of fiscal target during April-July
SPICES exports during April-July have exceeded 50 per cent of the target set for the current fiscal in volume, while in terms of value it has crossed one-third of it. Total exports during April-July stood at 1,31,274 tonnes valued at Rs 770.19 ... More

CO-OPERATIVES
Milma arm to resume marketing
THIRUVANANTHAPURAM: The Thiruvananthapuram Regional Cooperative Milk Producers' Union (TRCMPU), affiliate of Milma, which ended the joint venture with Mother Dairy Foods earlier this year, proposes to bring out more value-added milk ... More

TRENDS
Here is a tractor for Rs 99,000!
WHILE the promised Rs 1 lakh car is yet to become a reality, a relatively unknown player — SAS Motors — has laid claim to have developed a 22 horsepower tractor that farmers can buy for just Rs 99,000. The tractor, christened ... More

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Looking back
Aug. 15-Aug. 21
Rubber imports up 65 pc in first quarter

Pulses output hit as cultivation shifts to marginal areas — Output unlikely to exceed 13 mt this year

FCI bond market foray on hold

Fertiliser sales up despite delayed monsoon

Classification row over palm oil import duty