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AGRI-BIZ & COMMODITIES
COMMODITY MARKETS:
Vegoil price crash threatens Centre’s subsidised sale
Doubts over viability of the scheme in the new bear market situation. New Delhi, Oct 12 The crash in open market vegetable oil prices, in line with international trends, is threatening the viability of the Centre’s newly launched scheme ...
COMMODITY MARKETS:
Gold may trade in the range of $800-950
Likely to face volatile conditions due to diverse factors. What a week it was – a real bolt from the blue. Notwithstanding the $700 billion US bailout package, the global financial crisis seemingly deepened. Stock markets across the world ...
METALS:
Economic slowdown rattles demand for base metals
Mumbai, Oct 12 The grim global economic outlook kicked in by the US financial crisis may take a heavy toll on demand for base metals such as aluminium, copper, nickel, lead ...
SUGAR:
Declare SAP first before reserving cane area, say growers
New Delhi, Oct 12 In what could well create a precedent, sugarcane growers in Uttar Pradesh (UP) are demanding that the State Government declare the price payable by mills for their crop before issuing any orders ‘reserving’ ...
COIR:
Coir Commission moots marketing consortium
Thiruvananthapuram, Oct. 12 The Coir Commission, constituted by the State Government to revamp the sector, has proposed forming a marketing consortium with private ...
TECHNICAL ANALYSIS:
Gold features may rise higher
Gold futures, ended lower Friday in a volatile session owing to profit-taking and liquidation in other commodities. While turning lower, gold nevertheless still has been outperforming other commodities. Though there has been good investment ...
TECHNICAL ANALYSIS:
Bearish trend for NY cotton
Cotton futures ended higher on Friday as wide-scale liquidation from ongoing economic uncertainty was exacerbated by the rallying dollar and a bearish USDA report. The report pegged the US cotton exports in 2008-09 at 13 million bales, an ...
INSIGHT:
Ready to support
Now that the 2008 kharif season agricultural crops are under harvest and arrivals are gathering pace, there is a sense of heightened suspense as to the direction farm prices may take over the next two-three months. Global agricultural markets ...
CLIMATE & WEATHER:
Monsoon tail wags in south peninsula
Thiruvananthapuram, Oct 12 Monsoon may have exited almost the entire northwest and central India, but the withdrawal line has run into a tail wagging merrily in the ...
SPICES & CONDIMENTS:
Indian black pepper to be more competitive
Indian black pepper is likely to be in the driver’s seat in the coming days being the cheapest in the world market on decline in prices on the futures market coupled with steep appreciation of the dollar against the ...
RESEARCH & DEVELOPMENT:
Food research body wants farm R&D doubled
Chennai, Oct 12 Even as the world is currently going through a painful financial turmoil, the attention of the policymakers may have unwittingly been diverted from the threat of high food prices and the fight against poverty ...
TEA:
Coonoor tea turnover up by 103%
Coonoor, Oct. 12 Producers who sold their teas through the 39 auctions of the Coonoor Tea Trade Association have earned Rs 119.10 crore more in the nine months of this calendar, compared to ...
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