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Thursday, October 02, 2008
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AGRI-BIZ & COMMODITIES

BONUS ANNOUNCEMENTS: Rs 100 a quintal bonus payment likely for paddy
Cabinet to take decision at its next meeting. The Centre is all set to announce a bonus for paddy over and above the already declared minimum support price (MSP) payable in the current 2008-09 marketing ...

TEA: Tea exports may hit 210 m kg this fiscal
‘Average unit realisation good’. Kolkata, Oct. 1 If the current trend is any indication, tea export in 2008-09 should be around 210 million kg, according to Mr Basudeb Banerjee, Chairman of Tea ...

RICE: YSR calls for high-level meet on increase in rice prices
Hyderabad, Oct. 1 The Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, expressed anguish and concern at the prevailing prices of rice in the open market during a review meeting here on ...

CLIMATE & WEATHER: Monsoon draws to a close, rated ‘near normal’
Thiruvananthapuram, Oct. 1 The 2008 monsoon has ended with the country as a whole recording ‘near normal’ rainfall, according to an assessment by India Meteorological Department ...

PEOPLE: Bharathan Pillai re-elected CEPC Chairman
Kochi, Oct. 1 Mr P. Bharathan Pillai of Asiatic Export Enterprises, Kollam, has been unanimously re-elected as the Chairman of the Cashew Export Promotion Council of India at the 544th Meeting of the committee of administration held at Kollam ...

RUBBER: Spot rubber rules flat
Kottayam, Oct. 1 Spot rubber closed unchanged on Wednesday. The market activities were in an extremely low key owing to ...

SPICES & CONDIMENTS: Bear operators depress pepper futures market
Kochi, Oct. 1 Pepper market which witnessed high volatility on Wednesday was depressed by the bear operators and in turn, might drive the buyers away. In fact, the fundamentals remain strong because of the tight supply position in all ...

TEA: Trade plea on extension of 1% VAT on teas sold in auctions
The Tamil Nadu Minister for Commercial Taxes, Mr S.N.M. Ubayadullah, reassured the members of the tea trade that the Government would study the sector’s demand on extension of one per cent VAT levied at first point of sale to all teas ...

TEA: Tea prices dip at Kochi auction on weak demand
Kochi, Oct. 1 With demand from blenders, exporters and inter-State buyers remaining subdued, prices fell at the Kochi tea auction. There was 8,03,000 kg of dust tea on offer at ...

EVENTS: Meet to focus on food safety
Mumbai, Oct. 1 The country’s first-ever hands-on workshop and symposium on rapid methods and automation in microbiology scheduled to be held in Hyderabad during October 15-17 will be inaugurated by Mr Subodh Kant Sahai, Minister of State ...

HORTICULTURE/FRUITS & VEGETABLES: Costly affair
...






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Markets (Oct 01)
Nifty (at close)3950.75 (+29.55)
US Dollar (Buy/Sell)47.21/22
Brent crude (a bbl) Rs4,574
Gold (a gram) Rs1,216
Silver (a kg) Rs20,125


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