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Monday, May 09, 2005

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AGRI-BIZ & COMMODITIES

SUGAR


HC order to pay 25% dues to farmers by May 29 — UP sugar mills get a breather
SUGAR mills in Uttar Pradesh that are yet to pay up their dues to farmers (following the 2002-03 cane arrears issue) are now required to pay at least 25 per cent of their outstanding amount by May 29 in order to escape "coercive action". Last ... More

TEA


Kochi tea sale sees fair demand
A FAIR general demand persisted for almost all varieties of tea at the Kochi tea auction. Of the quantity of 11,30,000 kg on offer in the dust category, CTC market was lower by Rs 2-5 and at times more particularly high-priced teas. Orthodox ... More

For sunday Prices plummet in Coonoor tea sale
HUGE offerings, reduced presence of buyers, lower bids, heavy withdrawals and technical snag in the e-auctions necessitating the visit of the Tea Board Executive Director, Mr Vikram Kapur, to the auction hall characterised the auctions conducted ... More

TECHNICAL ANALYSIS


Palm oil may test support level
MALAYSIAN crude palm oil futures on BMD ended firmer on Friday on hopes that export activity was picking in the month of May. In the absence of further market moving news, CPO futures headed lower following overnight CBOT soya oil, which was ... More

AGRICULTURAL INSTITUTIONS


TNAU to launch market intelligence cell for farmers
Most commodity-related Web sites only indicate price-related information, but this one would give information on export procedures, export standards, infrastructure facilities, agri-export zones, food processing and post-harvest technology. More

COTTON


Maharashtra to export 17 lakh bales of cotton
THE Maharashtra Government is ready to export 17 lakh bales of cotton purchased under the Cotton Monopoly Procurement Scheme (CMPS) 2004-05. The State Government is lobbying with the Centre to get at least 50 per cent share in international ... More

SPICES & CONDIMENTS


Downward trend continues in pepper
DESPITE good trading during the week, downward trend continued in the pepper prices due to increased selling pressure. On an average 15-20 tonne were traded daily at the terminal market here during the week as MNCs covered spot pepper in good ... More

EVENTS


Icrisat to host agri-business meet in Hyderabad
THE International Crops Research Institute for Semi-Arid Tropics (Icrisat) will host a one-day meeting of the Indian Association of Agri-Business Development (IAAD) on building public-private partnerships (PPPs) for promoting agri-business on May ... More


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Looking back
May. 1-May. 7
Pepper prices continue to slide on selling pressure

Further upside seen in commodity markets

Molasses duty cut to Rs 750/t

Service tax exemption for farm income insurance premium

CWC targets farmers for value-added services

Drop in shipments to US affects pepper exports; down to below 15,000 t

Edible oil imports surge in April

Speculative sales pull down sugar futures — Spot trading comes to standstill


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