Financial Daily from THE HINDU group of publications
Friday, December 02, 2005
Agri Prices (Dec 1)
Sugar S301831 (1830)
Groundnut ready458 (457)
Coconut oil (ready)4850 (4850)
Pepper garbled (ready)7250 (7100)


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AGRI-BIZ & COMMODITIES

RESEARCH & DEVELOPMENT


Greenpeace calls for ban on trials of GE food crops
GREENPEACE today sought the Government's intervention to ban all field trials of genetically engineered (GE) food crops in the country, and also unveiled `biohazard hotspots map' revealing the scale of field trials of GE food crops. The map, a ... More

FARM CREDIT


IOB, Classic Jatropha tie up to promote biofuel
INDIAN Overseas Bank and Classic Jatropha Oil (India) Ltd of Coimbatore entered into an agreement here today to promote jatropha cultivation for biofuel production. Under the agreement IOB will provide crop loans to farmers identified by ... More

Nabard's Rs 604.56-cr credit plan for Kodagu district
THE National Bank for Agriculture and Rural Development (Nabard) has prepared a Rs 604.56-crore potential-linked credit plan for Kodagu district for the year 2006-07. A press release by Mr A.L. Kulkarni, Assistant General Manager of Nabard, ... More

CULTIVATION


Growers in North Maharashtra begin switching over to organic farming
DEEP in the Wardha district of Maharashtra, where Gandhiji stayed since 1936 and experimented with the idea of rural self-reliance, another quiet revolution is taking place. This time, too, the enemy is of foreign origin; the local farmers have ... More

INSIGHT


COMMODITY COMMENTARY
Allowing FCI to trade surplus grains on the futures exchange not desirable
THE Food Corporation of India (FCI) is reportedly toying with the idea of trading its so-called surplus grains (wheat and rice) on the futures exchanges. The purpose obviously is to cut down losses and manage price risks arising out of its ... More

HORTICULTURE/FRUITS & VEGETABLES


Kerala Horticultural Corporation distributes vegetable stocks
THIRUVANANTHAPURAM: The State Horticultural Corporation distributed 100 tonnes of vegetables through its outlets in the Capital on Thursday to bring down the prices that spiralled after supplies were badly hit by floods in Tamil Nadu. ... More

Bitter but ...
Consumers busy lapping up bitter gourd at a vegetable market in Kochi. With arrivals peaking, the vegetable's price has declined by nearly Rs 500 a quintal in the last one month. Currently, bitter gourd is quoted at around Rs 850. Consumers ... More

INFORMATION TECHNOLOGY


AMD ties up with agri spot exchange
MICROPROCESSOR company AMD has tied up with National Spot Exchange for Agricultural Produce to provide the latter its Personal Internet Communicators to help connect over 7,500 agricultural produce marketing committees. NSEAP is India's first ... More

INFRASTRUCTURE


TN farmers want State to rebuild irrigation facilities
PADDY and sugarcane crops in Tamil Nadu have borne the brunt of the flooding in the recent rains. With the current season almost coming to an end, the State Government would do well to concentrate on rebuilding irrigation and drainage ... More

Agri market yards planned
VISAKHAPATNAM: Nabard has formulated a special scheme for setting up modern agri market yards in the districts of Visakhapatnam and East Godavari, with each yard costing around Rs 10 crore. At a workshop here on Wednesday, the Assistant ... More

RUBBER


Rubber increases on higher bids
THE domestic physical rubber firmed up further on Thursday. According to market circles, covering groups and purchase agents offered better quotations, as major manufacturers were reported to be buying sheet rubber up to Rs 65.25 a kg from the ... More

TECHNICAL ANALYSIS


Spot gold may correct lower
SPOT gold prices tested the psychologically important $500 an ounce and then met with profit-taking. The rally has also been supported by speculation that Russia and other countries with relatively less gold reserves plan to increase the ... More

PRECIOUS METALS


Gold choppy in global market
IN early trades on Thursday in the London market, gold was up by over $4 an ounce touching $498/oz and poised to once again breach the $500/oz psychological barrier. Large fund interest and limited physical demand have been supporting ... More

METALS


Metal producers hike prices for all products
FOLLOWING continued firmness in international markets, all major metal producers in the country have raised their sale prices by Rs 6,000-18,000 a tonne, depending on the grades for the current month, effective from Thursday. Hindustan Copper ... More

SPICES & CONDIMENTS


Global pepper output may fall; market turns hot
WORLD pepper production is projected to decrease by 33,200 tonnes next year and it seems to reflect in domestic prices, which have shot up by Rs 600 a quintal in less than a fortnight. The production in the International Pepper Community (IPC) ... More



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