Business Daily from THE HINDU group of publications
Tuesday, May 22, 2007
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AGRI-BIZ & COMMODITIES

CLIMATE & WEATHER
Brewing thunderstorms to douse heat in South
IMD forecasts increase in rainfall activity in west coast More

INSIGHT
GM crop — trial and error
Should India jump onto the GM bandwagon when scientists are still raising questions about its technology? More

HORTICULTURE/FRUITS & VEGETABLES
Mango exports to Japan seen at 40 tonnes
First consignment of Banganpalli variety flagged off from Tirupati More

INFRASTRUCTURE
Taking action
NEW LAYER: Workers engaged by the Andhra Pradesh Irrigation Department removing the damaged top layer of the concrete apron downstream the Prakasam Barrage in Vijayawada to replace it with a new layer. ... More

RUBBER
Bullish trend in rubber prices
The week opened with a bullish trend in physical rubber prices. The market suffered acute shortage of rubber, as growers were unwilling to sell their produce with monsoon almost at the doorsteps. Covering groups and speculators encashed the ... More

TEA
Mixed trend at Kochi tea sale
There were mixed trends at the Kochi tea auction, which had 9,65,000 kg of dust tea on offer. Best CTC varieties were barely steady at last week's levels. Prices of medium and poorer CTC varieties eased by Re one to Rs two. Good liquoring CTC ... More

Good demand for CTCs
CTC witnessed better markets in all the three North Indian auction centres last week, according to tea auctioneers J Thomas & Company Pvt Ltd. Prices at Siliguri were firm to dearer with better quality teas appreciating in value. In Kolkata, ... More

FOODGRAINS
AP lowers foodgrains target to 180 lakh tonnes
The Andhra Pradesh Government has lowered its foodgrains target for 2007-08 and pegged it at 180 lakh tonnes (lt). In the previous year against a target of 205 lt, the actual production was just 160 lt. During 2007-08, the total cropped area ... More

COTTON
SICA, SIMA offer help to Karnataka body
Coimbatore-based cotton trade/R&D bodies South India Cotton Association (SICA) and SIMA-Cotton Development and Research Association (SIMA-CDRA) have offered to support the Hubli-based Karnataka Cotton Association in its efforts to improve the ... More

Lint prices remain firm
Cotton lint prices remained steady during the first fortnight of May. Anticipating early onset of South West monsoon, growers have started preparations for the next growing season. According to the South India Cotton Mills' Association sources, ... More

OILSEEDS & EDIBLE OIL
SEA may get EPC status
The Solvent Extractors Association of India, a premier organisation for promoting export of oilseed extractions and oil meals, is likely to be given the status of Export Promotion Council (EPC). SEA's application for ... More

SPICES & CONDIMENTS
Sharp fall in pepper futures as Vietnam prices decline
Pepper futures market witnessed a sharp fall on Monday on reports that Vietnam has reduced the prices of 500 GL to $3,600-$3,650 a tonne (fob). Add to this because of the restrictions on open positions investors said to have been liquidating ... More

Spices export
HIGHER EARNINGS: Spices kept for sale at a shop in Kochi, Kerala. Export of spices from the country fetched a revenue of Rs 3,575.75 crore through shipment of 3,73,750 tonnes during 2006-07 against Rs 2,627.62 crore from 3,50,363 tonnes in ... More

EXPORTS & IMPORTS
STC wheat import tender: Bidders quote $267-302/t
High rates may prevent Centre from contracting entire 10 lakh tonnes More






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