The Hindu Business Line : Monday, August 20, 2007

CLIMATE & WEATHER
Welcome rains for Central India, west coast
Thiruvananthapuram, Aug 19 Flooding rains have returned to West Bengal, Orissa, Chhattisgarh and Jharkhand as Saturday’s well-marked ‘low’ over North Bay of Bengal, adjoining West Bengal and Bangladesh crossed over into land ... More

CULTIVATION
Farmers will benefit from Centre’s package: Pawar
Move to bring 40% of farmlands under cultivation More

PLANTATIONS
Include plantation sector in remission scheme: Upasi
Kochi, Aug. 19 The United Planters Association of Southern India (Upasi) has urged the Union Commerce Ministry to include the plantation sector in the remission scheme for labour-intensive sectors as it is the worst hit by the appreciating ... More

RUBBER
Bumper yield buoys cotton export prospects
Cotton Advisory Board estimates crop at 300 lakh bales More

TEA
Mixed trend at Kochi tea auction
Kochi, Aug. 19 Prices tended to ease at the Kochi tea auction, which had 10,82,000 kg of dust tea on offer. Prices of good CTC and liquoring varieties were dearer by Rs 1-3, medium CTC were barely steady and poorer CTC witnessed less demand. ... More

Quality teas fetch higher prices at Coonoor
Quality teas fetched higher prices while the plainer sorts have lost at Sale No: 33 of the auctions of the Coonoor Tea Trade Association (CTTA) here with the buyers scouting for the quality teas among the low volume on offer. The total volume ... More

Good demand for CTCs in Kolkata sale
Last week, CTC teas at the North Indian tea auction centres were in good demand, according to J. Thomas & Company Pvt Ltd, tea auctioneers. Good liquoring varieties sold around last levels while plainer sorts were firm. Good support ... More

TECHNICAL ANALYSIS
Bullishness intact in gold
Gold futures ended higher on Friday led by a half-percentage point cut by the Federal Reserve a day after global credit fears led to a broad-based sell-off in the commodities sector and other financial markets. The US Federal Reserve on Friday ... More

Indications of bearishness in cotton
NY cotton futures ended higher on Friday as the market staged a halting recovery from a sell-off caused by a credit squeeze, which hit commodity markets as a whole. It was still premature to judge the impact of the financial gyrations on the ... More

SPICES & CONDIMENTS
Turmeric prices seen weak
Chennai, Aug. 19 Turmeric prices are likely to decline in the short term on concerns that demand may be sluggish and also due to ample stocks with traders . Besides, rains that lashed North India last week led to piling up of stocks in various ... More

Pepper September contracts likely to gain
Demand is expected to come to India More

COMMODITY MARKETS
Federal Bank’s commodities scheme
Kochi, Aug. 19 The Aluva-based Federal Bank has formulated a new scheme for financing delivery-based futures trade in agricultural commodities. The scheme was launched here on Friday. The day was also celebrated throughout the State as Farmers ... More

OUTLOOK
Gold to take lead from financial markets
Medium-term prospects for a rebound look good More