The Hindu Business Line : Friday, February 17, 2006

Spot rubber in grip of bears
A BEARISH trend shadowed the spot market on Thursday. The under current appeared extremely weak as most of the buyers such as tyre makers and north Indian manufacturers stayed absolutely inactive expecting the corrective phase to continue. ... More

High prices lure more growers to plant rubber
THE current record-high price is surely inducing more growers to get into natural rubber plantations. The Rubber Board estimates that at least 4,500-5,000 hectares of new plantations would have come up during the current financial year to take ... More

SUGAR

K.K. Birla Group makes changes in sugar biz restructure model

Not to shift sugar unit of New India Sugar Mills Ltd from Bihar to Uttar Pradesh.

But, as planned earlier, the company will go ahead with financial demerger. More

TEA

Tea stocks on uptrend
TEA stocks seem to have picked up the cue of gains for Indian tea companies from the Kenyan drought effect quickly. Barring Tata Tea and Duncans, almost all the tea companies' stocks have gained handsomely on the BSE and the NSE. Most of these ... More

Tea sector in high spirits on export demand
IF Mr B.M. Khaitan, Chairman, McLeod Russel, is to be believed, the tea industry could be in for a party over the next 3-4 years. For now, at least, a rising trend in tea prices is confirming his assessment. For example, at the Kochi tea ... More

Low volume on offer at Coonoor auctions
A LOW volume of 8.25 lakh kg has been catalogued for the auctions of the Coonoor Tea Trade Association (CTTA) to be held here this week. This is the third lowest volume so far in 2006, the previous lows being 8.13- lakh kg offered on January 19 ... More

TECHNICAL ANALYSIS

Spot gold may test support level
SPOT gold prices corrected sharply lower after the US dollar rose higher on prospects of more rate hikes, which took the shine of gold as a safe-haven metal. Spot gold prices fell lower in line with our expectations. As expected, prices ... More

GOLD & SILVER

Gold de-hedging slows down
GOLD de-hedging slowed down further in the last quarter of 2005. The pace of quarterly de-hedging fell to its lowest level for more than two years with a modest 0.49 million ounce (Moz) cut in the delta-adjusted hedge book in the three months to ... More

JUTE

Jute industry concerned over rising imports
Imports of jute sackings, used mostly for packaging activities, have increased to around one lakh tonnes in the current financial year against an average 10,000 tonnes in the earlier years. This has created serious concern in the domestic jute ... More

INTERVIEW

`Tea prices slated to rise higher'
MR Anil Kumar Prabhu, Member of the Cochin Tea Traders Association and Tea Buyers Association, is bullish about the short-term prospects in tea prices. He also says that rains in March in Kenya hold the key to further rise. Mr Prabhu expresses ... More

EVENTS

10 firms to take part in Singapore food expo
NEW DELHI: In an effort to make Indian food more popular overseas and thus expand food exports, India would participate in the international exhibition — Food and Hotel Asia (FHA) 2006, to be held in Singapore during April 25-28. ... More

OUTLOOK

Govt aims to double India's share in world farm trade
THE Union Minister for Commerce and Industry, Mr.Kamal Nath, contended that the share of agricultural exports in the country's aggregate exports must be stepped up substantially from its extant level of a little over 10 per cent. Presiding over ... More

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