The Hindu Business Line : Monday, May 19, 2008

FICCI writes to Manmohan on basmati export levy
New Delhi, May 18 The Federation of Indian Chambers of Commerce and Industry (FICCI) has written to the Prime Minister, Dr Manmohan Singh, and the Finance Minister, Mr P. Chidambaram, opposing the Government’s decision to impose export ... More

CLIMATE & WEATHER
Rogue whirl seen rearing head in Arabian Sea
Thiruvananthapuram, May 18 The European Centre for Medium-Range Weather Forecasts (ECMWF) sees a rogue circulation spin up in the west-central Arabian Sea about the same time as the westerly winds are predicted to accelerate in the run up to ... More

TEA
Inadequate export demand at Coonoor sale
Inadequate export demand and trade disturbances following Jaipur bomb blast caused irregularity in Sale No: 20 of the auctions of the Coonoor Tea Trade Association (CTTA) here when the offer totalled 13.11 lakh kg – higher than the ... More

Mixed trend at Kochi tea sale
Mixed trends were evident at the Kochi Tea Auction where exporters operated within a limit on bolder dust tea varieties. At the leaf tea auction, the presence of exporters and inter-State buyers were evident who helped to sustain higher price ... More

TECHNICAL ANALYSIS
Gold to test resistance levels
Comex gold futures ended higher on Friday, as crude oil futures climbed higher and the dollar weakened, boosting the appeal of precious metals as a hedge against inflation. Record high crude prices continue to underpin gold prices, as it stoked ... More

COCONUT & COPRA
‘Increase R&D spending to raise coconut yield’
Higher investment in research and development is needed to cover crop improvement, management, processing and marketing in coconut whose supply exceeding the demand pulls down its oil prices, though there has been an increase in demand for ... More

SPICES & CONDIMENTS
Depreciating rupee to help pepper continue its bull run
On the back of good export demand More

COMMODITY MARKETS
Maize prices rule firm
Market yard maize prices last week held ground at Rs 7,200 a tonne, though it is marginally lower compared to the previous week prices.The delivered maize prices in Gujarat is quoted at Rs 8,400, while the same in Hyderabad is between ... More

EVENTS
Call for research on developing elite biofuel crops
Coimbatore, May 18 The annual research meet on forestry, organised by the Tamil Nadu Agricultural University (TNAU) recently, highlighted the need to continue research on bio-fuel crops and the scope for raising trees as farm enterprise like ... More

OUTLOOK
Gold: Bulls have edge in the short term
Yellow metal likely to test $920 an ounce More

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