AGRI-BIZ & COMMODITIES
FARM CREDIT
AP plans low interest loans for farmers
The Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, has said the State Government was contemplating to give loans at `pavala vaddi' (or three per cent rate) to the farmers on par with the self-help groups. "This will help the farming ...
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CLIMATE & WEATHER
Rainfall-based crop cover scheme in offing
Awaiting formal nod from the Agriculture Ministry
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How the new scheme works
A novel feature of the Centre's proposed new rainfall-based insurance scheme relates to the distribution of the sum insured (maximum payout) over different stages of crop growth and the moisture requirement for each of these ...
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Clouds gather as stage is set for onset of monsoon
The stage is set for the southwest monsoon to break over Kerala in what is being projected as a strong onset phase spread over the three days from Monday. The onset is likely to be officially declared during this phase, in which a prevailing ...
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HORTICULTURE/FRUITS & VEGETABLES
Brisk business
WORKERS AT Azadpur Mandi, the largest vegetable and wholesale fruit market in the country, sorting out and packing cherries from Kashmir in New Delhi on Sunday. Cherries are being sold around Rs 35-65 a box, which contains 1 kg ...
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TEA
Mixed trend at Kochi tea sale
Good general demand was evident at the Kochi tea auction that had 10.35 lakh kg of dust tea on offer. Price of the best CTC varieties dipped by Rs 2, while medium CTC prices eased by Rs 1-2. Orthodox high grown dust prices were firm to dearer ...
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Darjeeling teas evoke good demand
All the three auction centres at Kolkata, Siliguri and Guwahati witnessed a change in market trends with prices ruling firm to dear for CTC leaf and dust categories, according to J. Thomas and Company Pvt Ltd, tea auctioneers. The western ...
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TECHNICAL ANALYSIS
Gold could test resistance, drop
Gold futures ended marginally higher on Friday helped by firm crude oil prices, softer dollar and news that North Korea fired some short-range rockets triggering some safe-haven buying, before a three day week-end in the US. Heavy gold sales by ...
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Cotton futures may consolidate, rise
New York cotton futures rallied higher to end at a six-week high due to speculative and option-related buying ahead of a holiday weekend. Lower supplies in the months ahead, uncertainty over growing conditions in the US and the steady pace of ...
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SPICES & CONDIMENTS
Row over jeera futures trade on NCDEX
Product panel members `resign'; issue over delivery
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Short supply may keep domestic pepper rates hot
Pepper futures market witnessed a sharp fall due to bearish activities by cartels last week. The prices fell by Rs 1,133 to Rs 1,513 a quintal. Quantitative restrictions on positions coupled with intra-day trade with wild fluctuations were ...
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COMMODITY MARKETS
Rise in mentha oil futures may be capped
Upward movement in mentha oil futures is likely to be capped, while spot prices are likely to decline on new arrivals pressurising the market. According to Angel Commodities Pvt Ltd, mentha oil June contracts on MCX are likely to be range-bound ...
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EVENTS
Kumaraswamy moots meeting with farmers next month
The Karnataka Chief Minister, Mr H.D. Kumaraswamy, has said that he will convene a meeting of farmers in Bangalore next month to discuss their problems. Addressing presspersons here on Sunday, Mr Kumaraswamy said that farmers from all ...
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Meet on flour milling tech
Kansas State University, in association with the Milling and Baking Forum, is planning a seminar on `Latest trends in flour milling' on May 31 in Ahmedabad. The purpose of the seminar is to give orientations on supplies market ...
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OUTLOOK
Gold may rebound in the near term
Would find support from weakening dollar, higher crude prices
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TRENDS
Karnataka tourism co-op plans packages for farmers
`Our plan is to take farmers from southern Karnataka to northern Karnataka and vice-versa on a tour.'
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