AGRI-BIZ & COMMODITIES
SEEDS
AP Govt promises adequate seed availability for kharif
The Agriculture Ministry has taken up two major initiatives to increase productivity of paddy and groundnut and reclaim alkaline lands by providing subsidised inputs.
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FLORICULTURE
Bloom business
A WORKER HOLDS a bunch of helicona, commonly known as `lobster claw' or wild plantain, in Kochi on Sunday. With annual import market touching Rs 3-4 crore, ornamental flower industry is flourishing in the country. Farmers in Kochi suburbs ...
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SUGAR
Sugar export sops: Overseas buyer real beneficiary
If in edible oils, duty reductions have mainly helped foreign suppliers, in the case of export incentives for sugar, the real beneficiary has been the overseas buyer. Since March, both the Centre and some State Governments have announced ...
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TEA
Darmona tea fetches highest bid at Rs 104/kg
For the third consecutive week, the Aravenu-based Darmona Estate stood in limelight at the auctions of the Coonoor Tea Trade Association (CTTA) when its RD grade of the CTC teas, auctioned by J. Thomas and Co, continued to fetch over Rs 100 a ...
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Tea markets buoyant
Markets continued to be buoyant with prices ruling firm to dearer for all CTC and dust varieties in the three North Indian auction centres, according to J. Thomas & Company Ltd, the tea auctioneers. All sections of the trade were active with ...
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TECHNICAL ANALYSIS
Gold may test resistance
Gold futures ended higher on Friday as crude oil prices surged higher and base metals regained their strength. Economic data released during the week suggest that the Fed may hold interest rates steady for some more time. US economic growth in ...
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Cotton could test resistance, rise
New York cotton futures ended lower on Friday on speculative selling and profit-booking as the market tried to consolidated the sharp gains it saw in the last couple of weeks. Market will also be waiting for a pair of key Government reports that ...
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METALS
Uranium prices to move up further
Hedge funds and speculators are basking in the massive spurt in uranium spot prices that have spiked 12-fold in the last four years. Upside Potential Experts believe there could be no respite from a rising ...
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COTTON
Raw cotton prices remain firm
Raw cotton prices continue to remain firm despite the widespread complaints among the spinners on tight liquidity position, aggravated by the appreciating rupee over the dollar. Growers and ginners from cotton production centres are said to be ...
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SPICES & CONDIMENTS
Spices Board to focus more on N-E, UP, Rajasthan
The two spices park would be developed as a joint venture between the Kinfra and the spices board at a total cost of Rs 20 crore.
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India major supplier of ground pepper to France
India was the most important supplier of ground pepper to France during 2006 contributing 26 per cent, followed by China and Vietnam supplying around 10 per cent each, according to the International Pepper Community. France is the second largest ...
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Uncertainty dogs pepper futures
A sharp fall was witnessed in the turnover on NCDEX and NMCE. On NCDEX, it fell by 77,206 tonnes to 1,41,349 tonnes, while on NMCE, it dropped by 6,621 tonnes to 13,198 tonnes. Total open interest moved up by 1,465 tonnes on NCDEX to 26,943 ...
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EXPORTS & IMPORTS
Duty cuts on edible oils not benefiting consumers
Foreign suppliers/buyers are the only gainers
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Fall in EU sugar output likely; Ministry flags scope for exports
The Ministry of Commerce expects sugar production in the European Union to decrease 25 per cent by 2009, thanks to April 2005 ruling of WTO Appellate Body against subsidies to European farmers. "We (the Indian industry) have to decide whether ...
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Cotton output may rise by 5% in 2007-08 season
If realised, it can lead to significant export surplus
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OUTLOOK
Dollar to decide gold price direction
Geopolitical considerations would continue to impact the market
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