Financial Daily from THE HINDU group of publications
Wednesday, August 17, 2005
Agri Prices (August 16)
Sugar 301857 (1861)
Groundnut oil ready496 (498)
Coconut oil ready5105 (5050)
Pepper garbled ready6400 (6400)

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AGRI-BIZ & COMMODITIES

AQUACULTURE


Indian shrimp prices slip in US markets
Prospects are brightening for shrimp exports to Japan and volumes are poised to rise. More

FLORICULTURE


Shines on demand
A flower vendor busy handling sunflowers at Jagannath Ghat wholesale flower market in Kolkata. Prices of all flowers have increased since the weekend on demand for celebrations connected with the Independence Day and Raksha Bandhan. The prices ... More

RUBBER


Rubber declines below Rs 60
SPOT rubber rates declined further on Tuesday. Sheet rubber RSS 4 broke the support level at Rs 60 to close at Rs 59.50, shedding 50 paise per kg against its previous closing on Saturday. The fall in international rubber prices and the ... More

SUGAR


Sugar industry upset over 100 pc jute packaging order
The industry is questioning the grounds for issuing the mandatory order that has come into effect from Aug 1. More

K.K. Birla group's sugar cos revamp plan suffers setback — Bihar Govt refuses reallocation of sugar unit to UP
THE proposed restructuring of the two sugar companies of the K.K. Birla group has received a major jolt, as the Bihar Government has not allowed relocation of a sugar unit to Uttar Pradesh. According to the plan worked out by Ernst & Young, the . More

K.K. Birla group to invest Rs 450 cr on sugar capacity expansion
The board had also decided to come out with a rights issue of Rs 65-70 crore for working capital requirements. More

TAXATION


Bill introduced to abolish cess on agri-product exports
A Bill to discontinue the existing cess on the export of several agricultural products was introduced in the Lok Sabha by the Commerce and Industry Minister, Mr Kamal Nath, here on Tuesday. Once this Bill is enacted, exporters would not be ... More

PRECIOUS METALS


Gold de-hedging in Q2 at 85 t
MUMBAI: Gold de-hedging in the second quarter of 2005 was 2.74 million ounces (Moz) or 85.1 tonnes. Scheduled deliveries into committed hedge positions generated the bulk, Gold Fields Mineral Services said in its latest Global Hedge Book ... More

COTTON


Global cotton production may trail consumption
IN 2005-06, world cotton consumption is projected to increase by 3.7 per cent to a new high of 24.4 million tonnes (23.5 mt), while production is expected to decline 8.4 per cent to 23.9 mt (26.1 mt). With the year's production set to trail ... More

OILSEEDS & EDIBLE OIL


Castorseed futures likely to fall further — Good crop prospects lead to speculative sales
CASTORSEED futures prices are expected to fall further on continued speculative selling by a few stockists and operators on prospects of good castor crop in Gujarat for the next season. Castorseed October contracts on the Ahmedabad Commodity ... More


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