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Wednesday, October 08, 2008
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AGRI-BIZ & COMMODITIES

CONTRACT FARMING: United Spirits plans to offer shares to grape growers
Bangalore, Oct.7 United Spirits’ Four Seasons Wines plans to offer shares of its company to grape growers and enter into such contracts for over ...

OUTLOOK: Basmati prices rule lower, seen dropping more
Increased output, competition from Pak seen as reasons. New Delhi, Oct 7 Farmers who had enthusiastically planted and expanded acreages under basmati rice this year are having to reconcile themselves to lower ...

SPICES & CONDIMENTS: Cardamom price averages above Rs 600/kg
Kochi, Oct 7 The weighted average price of cardamom remained at around Rs 600 a kg all through the current season which began in June. It stood at Rs 608.83 a kg as on October 5 as against Rs 408.01 on the same day last ...

OILSEEDS & EDIBLE OIL: Sept oilmeal exports plummet on lower prices
Chennai, Oct. 7 Lower prices and lean crushing period led to lower oilmeal exports in September with shipments declining nearly 50 per cent compared with the same period a ...

RUBBER: Rubber traders face crisis as prices crash
Chennai, Oct 7 Between September 8 and 11, the prices of RSS-4 (ribbed smoked sheet) ruled at a record Rs 141 a kg. On Tuesday, the rates had dropped to Rs 95 a ...

CLIMATE & WEATHER: Bay continues to be put under storm watch
Thiruvananthapuram, Oct. 7 The Climate Prediction Centre (CPC) of the US National Weather Services has retained a close watch on the Bay of Bengal for signs of ‘intense tropical activity’ during October ...

RUBBER: Rubber prices slip below Rs 100/kg
Kottayam, Oct 7 The domestic rubber prices nosedived breaking the magical Rs 100 mark on Tuesday. RSS 4 moved down to Rs 95 from Rs 100 a kg on ...

SPICES & CONDIMENTS: Pepper futures hit upper circuit
Kochi, Oct. 7 The pepper futures market on Tuesday bounced back and hit the upper circuit on good buying support from investors. Recovery of the stock market also influenced the pepper ...

TEA: ‘Tea sector picking up on rising demand’
The tea sector, which as a whole was reeling under a crisis for the past several years, has now started picking up with the steadily increasing demand both from domestic and foreign market, Mr M.K. Ajit, Chairman of Tea Buyers Association, ...

INSIGHT: Debt Relief and Loan Waiver — A bad cheque that will bounce
Section 138 of the Negotiable Instruments Act in India relates to cases of bounced cheques that are issued by persons in settlement of any financial obligations without the necessary credit in the accounts on which the cheques are drawn, ...





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Markets (Oct 6)
Nifty (at close)3602.35(+4.25)
US Dollar (Buy/Sell)47.30/31
Brent crude (a bbl) Rs4,143
Gold (a gram) Rs1,188
Silver (a kg) Rs18,810


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