The Hindu Business Line : Monday, October 20, 2008

AGRI-BIZ & COMMODITIES

OILSEEDS & EDIBLE OIL: Palm oil to be a viable energy source
Chennai, Oct. 19 Enjoying the advantage of being more profitable and viable than soyabean oil, palm oil is likely to find new uses for industrial application and as an energy source, according to Mr Dorab Mistry, Director of ...

TECHNICAL ANALYSIS: Gold futures may test support levels
Gold futures ended lower Friday on on-going long liquidation due to credit tightness and technical weakness. A stronger dollar and weaker crude oil prices pressured gold futures lower. Though long-term inflationary concerns ...

TECHNICAL ANALYSIS: Consolidation likely in cotton
Cotton futures ended sharply higher on Friday on short-covering as equities gained. Cotton has potential to hold gains and rise next week, though the stock market remains the barometer of economic strength and market direction. Industry buying ...

TEA: Tea prices drop at Coonoor sale
Coonoor, Oct. 19 Prices dropped Rs 2 a kg on the average at Sale No 42 of the auctions of Coonoor Tea Trade Association (CTTA) on Friday as the demand was inadequate to absorb the huge offer of 13.07 lakh kg – the highest for 11 ...

CLIMATE & WEATHER: IMD sets up watch for Bay ‘low’
Thiruvananthapuram, Oct 19 The India Meteorological Department (IMD) has set up a watch for a ‘low’ over the southwest Bay of Bengal as an easterly wave trained its focus towards the southeast coast of ...

POWER: Reddy calls for action plan to meet farmers’ power demand
Hyderabad, Oct. 19 The Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, directed officials to prepare a comprehensive action plan to ensure seven-hour power supply to the farm sector during the ensuing rabi ...

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Markets (Oct 18)

Nifty (at close)	3074.35(-194.95)
US Dollar (Buy/Sell)	48.88/90
Brent crude (a bbl) Rs	3,295
Gold (a gram) Rs	1,162
Silver (a kg) Rs	17,310

In Focus
Pravasi Bharatiya Divas, Singapore

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Looking back
Oct. 12-Oct. 18
Declare SAP first before reserving cane area, say growers

Gold drops by Rs 75

Despite good yield, groundnut farmers worried about prices

H1 agri commodity futures turnover down 32%

Rising exports, output cheer tea sector

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Ginners in a spot on higher cotton support prices