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Wednesday, April 23, 2008
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Agri Prices (April 22)
Sugar S301473 (1478)
Groundnut ready670 (675)


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AGRI-BIZ & COMMODITIES

COMMODITY EXCHANGES
Futures trading not main cause for inflation, says Montek
New Delhi, April 22 Commodity futures trading is not the main cause for price rise and inflation in the economy, according to the Deputy Chairman of the Planning Commission, Mr Montek Singh Ahluwalia. “I don’t support the ... More

WHEAT
COMMODITY COMMENTARY
Scrapping of wheat tender: Transparency needed
More

CLIMATE & WEATHER
Heat wave builds as cyclones brew far away
Bangkok, April 22 Oppressive heat wave conditions manifested themselves across the Indian landmass even as two tropical cyclones reared their heads from within the fertile Inter Tropical Convergence Zone (ITCZ) straddling the equator. ... More

RUBBER
Spot rubber steady
Kottayam, April 22 Spot rubber was steady on Tuesday. The market turned slightly weak on early trades following declines in international indices but regained strength towards close lacking sellers in the main marketing centres. On NMCE, the ... More

Tyre makers want Customs duty cut on natural rubber
Mumbai, April 22 The Automotive Tyre Manufacturers Association (ATMA) has urged the Government to reduce the custom duty on natural rubber imports to 7.5 per cent from 20 per cent. Mr Rajiv Budhiraja, Director-General, ATMA, said: ... More

TEA
TN Sugar Board plans co-gen plant
Thanjavur, April 22 The Tamil Nadu Sugar Board has taken steps for installing co-generation plant for producing power, using bagasse, at Kurunkulam Anna Government Sugar Mills in Thanjavur district, according to its Chairman and Managing ... More

SPICES & CONDIMENTS
Jeera futures decline on profit taking
Mumbai, April 22 Mustard seed futures gained 3.68 per cent to Rs 519 per 20 kg on short covering after the recent fall coupled with emergence of buying interest at lower levels. Barley was up by 1.96 per cent to Rs 1,101 per quintal on good ... More

DERIVATIVES MARKETS
Futures trading — Why the panel may be flummoxed
At the end of the discussion on the price situation in the Rajya Sabha on April 17, as the Minister for Agriculture, Mr Sharad Pawar, came to the end of his reply, a question was raised from the Left benches about the Government’s ... More

OUTLOOK
Foodgrains output likely to touch record high
Wheat production pegged at fresh peak of 76.78 m tonnes More






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Radar: Resources elsewhere
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ADB World Outlook 2008

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