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AGRI-BIZ & COMMODITIES

OUTLOOK: Gold may remain range-bound in the near term
Gustav’s impact on crude oil watched closely. Chennai, Aug. 31 Gold has been zig-zagging in the $800-850 range in the last couple of weeks, after having recovered from a low of $777 an ounce. ...

OUTLOOK: Rice trade peeved at delay in inclusion of Pusa 1121 as ‘basmati’
Many farmers have not begun harvesting due to the uncertainty. New Delhi, Aug 31 The All-India Rice Exporters’ Association has said the delay in the announcement of inclusion of evolved basmati rice Pusa 1121 into the new definition of ...

CLIMATE & WEATHER: Rains erupt over Kerala, East still wet
Thiruvananthapuram, Aug 31 Heavy to very heavy rains have erupted over extreme south peninsula, and perhaps for the first time over Kerala after the season set in three months ago, as an ongoing spell pounded its way ahead. ...

TECHNICAL ANALYSIS: Gold to consolidate, rise higher
Gold futures ended marginally lower. As mentioned earlier, this is euro’s weakness and not dollar’s strength and we are still not convinced that the US dollar can stage a meaningful rebound. Gold should be holding up. Inflation ...

COCONUT & COPRA: Marico Industries, Coconut Development Board to promote cluster cultivation
The Coconut Development Board has begun work with the Rs 1,900-crore FMCG company, Marico Ltd, to develop and promote coconut farm clusters to extend scientific farming practices, free distribution of agricultural inputs and promotion of ...

SPICES & CONDIMENTS: Fluid situation prevails in pepper market
Kochi, Aug. 31 The bear operators pulled down the pepper futures market during the week, despite the prevalence of a fluid situation. ...

TEA: Coonoor tea prices rise on domestic demand
Coonoor, Aug 31 Prices rose Rs 3 a kg on the average at Sale No: 35 of the auctions of Coonoor Tea Trade Association (CTTA) on Friday when upcountry demand was adequate to absorb the 11.09 lakh kg on offer. ...

BOOKS: Agriculture, a growth engine
There are a few States in India where the procurement of agricultural products at minimum support price (MSP) is undertaken even when the market prices are higher than the MSP, while at the same time there are States where the farmers are not ...

TEA: Strong demand for CTCs at Kolkata tea sale
Last week, the CTC teas once again met with strong demand at around last levels with selected fannings and dusts tending dearer at times. The major blender was active while there was a good support from Tata Tea and other packeteers. Western ...

TEA: Firm trend at Kochi tea auction
While major blenders and domestic market players were active at the dust tea sale, exporters lent good support at the leaf tea auction, especially in orthodox varieties and fannings. ...

AGRICULTURAL POLICY: Agri Dept projects to come under social audit
Thiruvananthapuram, Aug. 31 All development projects being implemented by the Kerala Agriculture Department will be brought under social ...






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Markets (Aug 30)
Nifty (at close)4360.00(+146.00)
US Dollar (Buy/Sell)43.75/76
Brent crude (a bbl) Rs4,904
Gold (a gram) Rs1,110
Silver (a kg) Rs20,715


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