The Hindu Business Line : Thursday, May 11, 2006

Mega project
WORK IN progress on the Pulichintala irrigation project across Krishna River. The Congress Government in Andhra Pradesh is implementing an ambitious programme of constructing 30 irrigation projects at a cost of Rs 65,000 crore. ... More

RUBBER

Spot rubber goes past Rs 95-mark
The domestic rubber prices resumed the upward journey breaking the much anticipated Rs 95-level on Wednesday. Covering groups and purchase agents pushed up the prices further taking advantage of the wide gap between the demand and supply ... More

SUGAR

Record Maharashtra sugar output on cards
May touch 69 lakh tonnes next season on 11.7% recovery More

The impact on nation's output
Maharashtra's sugar production touching 69 lakh tonnes (lt) changes the country's overall availability position significantly. The general prognosis till now was that mills in the State would take some time to recover lost ground, whereas it ... More

Sugar firm
Sugar spot prices ruled firm at the Vashi wholesale market on Wednesday on fresh buying interest from retailers. Small grade (S-30) was up a rupee at Rs 1,940/1,981 per quintal over previous day. Medium grade (M-30) was up Rs 4 at Rs ... More

TEA

Scarce rains hit tea output in Assam, Bengal
Availability of first flush likely to dip More

GOLD & SILVER

Gold zooms by Rs 310
Precious metals firmed up further on the local bullion market on Wednesday on continued buying interest supported by strong overseas market. Standard gold prices were up Rs 310 to end at Rs 10,265 per 10 gm from the previous close of Rs 9,955. ... More

JUTE

MSP for jute raised
The Cabinet Committee on Economic Affairs (CCEA) has approved a minimum support price (MSP) of Rs 1,000 per quintal for TD-5 grade of jute ex-Assam for 2006-07 season. This price has been approved on the recommendations of the ... More

OILSEEDS & EDIBLE OIL

Groundnut oil gains on buying
All major edible oils gained some ground on the local edible oil market on Wednesday on some fresh buying enquiries. RBD palmolein was up Re 1 at Rs 393 per 10 kg. Groundnut oil raw was up Rs 2 at Rs 465 per 10 kg. Imported refined soya oil was ... More

SPICES & CONDIMENTS

Pepper contracts turn hot
The pepper futures market made a U-turn on Wednesday with prices shooting up on reports that a cap is likely to be fixed on imports from Sri Lanka. The speculators were active and the turnover was also on the increase. The sellers went for ... More

Slipping shipments
HEALTHY NUT: A street vendor selling cashew nuts in Kerala's Thrissur district. Cashew exports in 2005-06 fiscal declined 7 per cent to 1.14 lakh tonnes, valued at Rs 2,515 crore against 1.27 lakh tonnes valued at Rs 2,709 crore the previous ... More

TRADE & LABOUR UNIONS

Nellimarla Jute Mill lockout flayed
The Federation of Andhra Pradesh Industries (FAPI) has condemned the lockout declared by the Nellimarla Jute Mill management in Vizianagaram district and urged the management to lift it immediately and re-open the mill to rescue ... More

PEOPLE

Michael Gorham made NCDEX director
The National Commodity and Derivatives Exchange Ltd (NCDEX) has appointed Dr Michael Gorham as Additional Director. NCDEX has an 11-member board. Dr Gorham, a US citizen, is Director of the IIT Centre for Financial Markets, Stuart Graduate ... More