The Hindu Business Line : Saturday, August 09, 2008

AGRI-BIZ & COMMODITIES

COMMODITY EXCHANGES: BSE drops plan to acquire stake in NMCE
Mumbai, Aug. 8 The Bombay Stock Exchange on Friday dropped its plans to pick up a stake in the Ahmedabad-based National Multi Commodity Exchange (NMCE), after it had signed an agreement to do so. ...

CULTIVATION: Area under most kharif crops still lags behind
Revival of monsoon could see coverage improving. Chennai, Aug 8 Kharif crop prospects seem to be a little gloomy with acreage under most crops still lagging behind compared with the progress made during the corresponding period last year. It ...

OUTLOOK: Steel prices may continue to be under pressure
Lower demand in industrialised nations to impact rates. Mumbai, Aug 8 For a variety of reasons, the market outlook for steel does not appear positive. ...

PLASTICS: Junk mound

COFFEE: Coffee prices seen ruling firm
Supply unlikely to outweigh demand; beverage’s offtake rising 2% every year. Kochi, Aug 8 Contrary to expectations, the global coffee supply position next year is unlikely to outweigh the demand and in such a situation, most likely to ...

COMMODITIES: AP forms GoM to curb prices
Hyderabad, Aug 8 The Andhra Pradesh Government has formed a Group of Ministers (GoM) to find ways to control the spiralling prices of essential ...

AGRICULTURAL POLICY: New urea policy fixes floor price at $250 a tonne
New Delhi, Aug. 8 Paving the way for increasing indigenous production of urea, the Government on Friday announced new import price parity (IPP) linked subsidy policy for production of additional urea by the domestic manufacturers over and ...

CLIMATE & WEATHER: Fresh ‘low’ presages rains into next week
Thiruvananthapuram, Aug 8 Northwest and adjoining west-central Bay of Bengal off the Orissa and West Bengal coasts is on Friday hosting the latest of the ‘low’s that beat forecasts by a full day. ...

SPICES & CONDIMENTS: Pepper drops on rumours of curbs in trading
Kochi, Aug. 8 Pepper futures market on Friday fell sharply on reports of possible curbs on the futures trading in commodities, raids on “bucket shops" in Chennai by the Forward Markets Commission and the reduction in the prices by ...

TEA: Tea prices rise at Kochi auction
Kochi, Aug 8 Despite the token presence and subdued activity of exporters and interstate buyers, prices of both leaf and dust tea firmed up handsomely at the Kochi Tea Auction. Major blenders were fairly active on smaller and finer CTC dust ...

CULTIVATION: Watershed programme shields against drought
Hyderabad, Aug. 8 Farmers in several parts of the country were a worried lot till a few days ago with monsoons playing truant. But for the late showers that saved the day, the farmers would have faced a tough ...

COMMODITIES: Falling prices cheer; but upside risks remain
Mumbai, Aug 8 If you thought the recent downturn in commodity prices across markets – energy, metals, agriculture – signals the end of the bull run of last three years and perhaps marks the beginning of the imminent burst of what ...

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