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Wednesday, October 15, 2008
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AGRI-BIZ & COMMODITIES

OILSEEDS & EDIBLE OIL: Soya arrivals halve as farmers hold back stocks
Prices of Rs 1,550-1,600/quintal ‘below expectations’. New Delhi, Oct 14 Even as the country is poised to harvest yet another bumper crop of soyabean this year, market arrivals in Madhya Pradesh (MP) – the No. 1 producing State ...

COTTON: Birla Cotsyn to buy 6,600 t cotton
Birla Cotsyn, part of Rs 2,500 crore Yash Birla Group (YBG), has entered into a memorandum of understanding with 5,000 farmers in Vidharbha to procure 6,600 tonnes of quality cotton. The company has recently raised Rs 144 crore through ...

COURTS/LEGAL ISSUES: HC quashes floor price for arecanut import
Chennai, Oct. 14 The Madurai Bench of the Madras High Court has set aside the June 4 notification of the Directorate General of Foreign Trade (DGFT) fixing a minimum import price for ...

CLIMATE & WEATHER: Northeast monsoon winds fan into South China Sea
Thiruvananthapuram, Oct 14 The northeast monsoon current has established itself over the South China Sea and parts of the adjoining Indo-China landmass packing winds gusting to 20 to 35 knots (37 to 64 km/hr) on Tuesday according ...

OILSEEDS & EDIBLE OIL: Despite good yield, groundnut farmers worried about prices
Ahmedabad, Oct 14 A projection of good yield of 21.2 lakh tonnes (lt) in kharif groundnut in Gujarat does nothing to relieve farmers who fear low prices in the ...

COMMODITY MARKETS: Chilli, maize hit upper circuit on demand in spot market
Mumbai, Oct 14 Chilli futures continued to gain strength hitting the upper circuit for the second consecutive day. Strong demand in the Guntur spot market on Tuesday pushed up chilli futures by three per cent to Rs 5,673 ...

WATER: Twilight zone
...

RUBBER: Spot rubber recovers on short covering
Kottayam, Oct. 14 Domestic rubber showed a better trend on Tuesday. The market opened weak but moved up later on short covering. The absence of sellers at lower levels kept the covering groups visibly active during the ...

COMMODITY EXCHANGES: H1 agri commodity futures turnover down 32%
Mumbai, Oct.14 With the ban on futures trading in wheat, urad, tur, rubber, chana, soyoil and potato still lingering, the turnover of agriculture commodity futures on the national exchanges fell 32 per cent to Rs 31.91 lakh crore in the ...

TEA: Quality Nilgiri teas fetch premium bids at Coonoor sales
Coonoor, Oct 14 An analysis of the buying pattern indicates that this week, as many as 35 marks of CTC teas manufactured by private small-scale factories, popularly called bought-leaf factories, shot up to the Rs 100 price-band at Coonoor ...





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Markets (Oct 14)
Nifty (at close)3518.65(+27.95)
US Dollar (Buy/Sell)47.74/75
Brent crude (a bbl) Rs3,552
Gold (a gram) Rs1,334
Silver (a kg) Rs19,060


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