Business Daily from THE HINDU group of publications
Thursday, January 18, 2007
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Agri Prices (Jan. 17)
Sugar S301510 (1520)
Ground ready620 (615)
Coconutoil ready5275 (5275)
Pepper garbled ready11200 (11200)


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AGRI-BIZ & COMMODITIES

COMMODITY EXCHANGES
Urad, tur futures gain
Pulses witnessed a mixed trading pattern on Wednesday on NCDEX with urad and tur futures gaining strength, while chana finished marginally low. Tur futures were up 3.04 per cent to Rs 2,166 per quintal on fears of lower production of 23 lakh ... More

WHEAT
Wheat output: Weather to set course
Between Jan and March - the maturing period of the crop More

RUBBER
Spot rubber increases on global cues
Spot rubber was quoted better on Wednesday. The domestic prices improved depending on a firm closing in overseas markets. A tyre major bought sheet rubber at current levels. RSS 4 moved up to Rs 96.50 and Rs 97 a kg respectively at Kottayam and ... More

SUGAR
Dollex Ind stock up on second ethanol unit plan
Plans to raise funds thru pvt placement More

TEA
Tea firm at Coimbatore sales
The leaf and dust offerings of tea last week were almost equal at 3.61 lakh kg and 3.67 lakh kg, totalling 7.28 lakh kg. Demand for the orthodox leaf was fair. The larger leaf grades quoted firm to dearer, others were irregular around the ... More

Mixed response to open outcry system at tea auctions
The reversal to open outcry system at tea auction centres has evoked mixed reaction. According to trade sources, the change has not affected the market sentiment. Hitherto, buyers could log on from anywhere and bid. Now, with the system ... More

Frost nips arrivals at Coonoor tea auctions
With frost affecting the harvest and supply of green leaves for processing at factories, arrivals of black tea for auctions at the Coonoor Tea Trade Association (CTTA) have slumped this week. For the third auction of 2007 scheduled for Thursday ... More

FINANCIAL PERFORMANCE
KS Oils nets Rs 20-cr profit
Madhya Pradesh-based mustard oil producer KS Oils has registered a net profit of Rs 20.21 crore, for the quarter ended December 31, 2006, a increase of 469 per cent, compared to Rs 3.55 crore in the corresponding quarter last ... More

GOLD & SILVER
Benchmark AMC, UTI to float gold exchange traded funds
Both funds to be open-ended schemes and to be listed on NSE More

OILSEEDS & EDIBLE OIL
KS Oils up on acquisition talk
Market talk that KS Oils is at an advanced level of negotiation for an acquisition has been driving interest in the company's stock. The stock has seen a 70 per cent jump month-on-month and a 24 per cent gain week-on-week. While the management ... More

SPICES & CONDIMENTS
Pepper production likely to be below 50,000 tonnes
Crop affected by heavy rains, quick-wilt disease More

Low global prices lead to rise in ginger imports
Pepper, cassia shipments into the country also up More

Mixed trend in pepper futures
Overseas buyers continued to hold back anticipating a price fall More

EVENTS
IIM-A to host meet on agri-business
Amaethon 2007, the three-day annual Agri Business Summit, will be held at Indian Institute of Management - Ahmedabad from January 19. Amaethon, which was first held three years ago, would be a meeting place for the brightest and the most ... More

NATURAL CALAMITIES
Farmers' issue
SERIOUS TALK: The Karnataka Chief Minister, Mr. H.D. Kumaraswamy (second right), with (from left) the Principal Secretary, Mr Ramaswamy, the Deputy Chief Minister, Mr B.S. Yediyurappa, and the Public Works Minister, Mr H.D. Revanna, at a meeting ... More

TRENDS
Land for industrial use — Issues in compensation, rehabilitation
Now that the high drama surrounding the protest fast by Ms Mamata Banerjee is over, it is time to take a sober look at the broader issues involved. This is necessary as Singur is not the first or the last of such agitations. In fact, land ... More






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Jan. 7-Jan. 13
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