The Hindu Business Line : Monday, August 07, 2006

INSIGHT
End the `Dollar Auction' approach
Rather than beggar other departments, it would be best to experiment and innovate so that the country can have 10 per cent growth and its farmers can enjoy "inclusive growth". Outlining a plan, P. V. INDIRESAN says that a shortcoming of the Eleventh Plan Approach Paper is that it makes no provision for experiments with untried ideas. The Eleventh Plan Approach Paper must check how good new ideas are and correct teething problems that inevitably accompany these ideas. More

SUGAR
Mills saddled with excess molasses, alcohol
Units facing new problem of disposing surplus output More

TEA
`Selective' buying in Coonoor tea sale
Prices followed an irregular trend at the auctions of the Coonoor Tea Trade Association (CTTA) here last week as buyers turned selective. While some teas gained around Rs 3 a kg, others lost a similar extent. The volume of 10.24 lakh kg offered ... More

Prices steady at Kochi tea sale
There was a good general demand at the Kochi dust tea auction. Prices of medium and below medium CTC varieties remained fully firm to dearer by Rs 2-3, while other high priced CTC varieties remained steady to dearer by Rs 1-2. The auction had ... More

TECHNICAL ANALYSIS
Gold futures could test support, rise
Gold futures ended lower on Friday erasing most of the gains made during the day. Despite a weaker dollar and the war between Israel and Hizbollah continuing, gold prices failed to follow-through higher. Gold spiked to a two-week high in early ... More

Palm oil seen testing support level
Malaysian crude palm oil futures ended lower on Friday on profit-taking. Supportive fundamentals are expected to underpin prices in the coming weeks. Higher exports, lower stocks, higher energy prices and the up coming festival demand are some of ... More

WATER
AP to repair Godavari delta drains
CM unveils Rs 3,000-cr project to minimise floods More

SPICES & CONDIMENTS
Pepper futures market moves up
The tight supply position and the reluctance of the producers to reduce the price seem to have driven the pepper futures market to run on speculation. Small investors are re-entering the pepper futures market, buying ready and selling futures ... More

OUTLOOK
Fundamentals continue to keep crude prices firm
Robust demand growth, limited spare production capacity More

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Looking back
Jul. 30-Aug. 5
Prospect of output losses may fire base metals

Vegoil tariff values hiked

Urad futures trading below spot market price

Egg exports to Gulf may resume by August 15

Farmers may get part of claim before harvest

India to emerge as world's third largest cotton exporter

Pvt trade wheat import shipment set to arrive

Veg oil prices threatening to spike

Madagascar crop to keep vanilla prices low