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AGRI-BIZ & COMMODITIES

COMMODITIES: Inflation declines further to 11.07%
Continuing with its declining trend, the annual Wholesale Price Index-based inflation rose 11.07 per cent during the week ended October 11, below the previous week's annual rise of 11.44 per cent, on account of an across-the-board dip in ...

AQUACULTURE: Global shrimp prices continue to reign low
Sluggish demand from Europe, US and Japan. The global shrimp prices continue to reign low. The demand from Europe, the US and Japan has become sluggish. And, as the festive season of Christmas and New Year draws near, the seafood exporters have ...

CLIMATE & WEATHER: Peninsular rains may relent soon
Thiruvananthapuram, Oct 23 Wednesday’s feeble ‘low’ over the southeast Arabian Sea off the Kerala coast has strengthened overnight into a conventional ‘low’ even as a counterpart system is expected to pop over ...

TEA: Low Kenya crop spurs Indian tea prices
Chennai, Oct. 23 The shortfall in Kenyan tea output has come as a blessing in disguise for the Indian tea industry that has been going through a tough phase for the ...

FINANCIAL PERFORMANCE: Harrisons Malayalam net zooms
Harrisons Malayalam Ltd, an RPG group company, has posted high turnover and profits during the first half of the current fiscal. The Kerala-based plantation company has achieved a turnover of Rs 89.23 crore for the quarter ending September 30, ...

METALS: APMDC to take up study of fullerene metal
Hyderabad, Oct. 23 The Chief Minister, Dr. Y.S. Rajasekhara Reddy, has directed the Andhra Pradesh Mining Development Corporation (APMDC) to take up an in-depth scientific study on the exploitation and use of the fullerene metal found in ...

FLORICULTURE: Karuturi launches farm operations in Ethiopia
Bangalore, Oct. 23 Karuturi Global Ltd, the world’s largest growers of roses with presence in India, Kenya, Ethiopia, Dubai and Holland on Wednesday announced the launch of its agricultural operations in Ethiopia where it had acquired ...

SUGAR: Shree Renuka Sugars buys 87% stake in Gokak Sugars
Bangalore, Oct. 23 Shree Renuka Sugars Ltd (SRSL) has acquired a majority stake in Gokak Sugars Ltd in Karnataka that augments its crushing capacity by 2,500 (TCD) tonnes crushed ...

RUBBER: Spot rubber turns weak
Kottayam, Oct. 23 Rubber prices turned weak on Thursday. The market lost its steam as the international rubber futures fell sharply in to the minus territory on early trades at ...

OILSEEDS & EDIBLE OIL: No case for import duty on edible oils
Mumbai, Oct 23 With kharif 2008 harvest and market arrivals gathering momentum, domestic oilseed prices have begun to come off their recent ...





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Markets (Oct 23)
Nifty (at close)2943.15(-122.00)
US Dollar (Buy/Sell)49.77/79
Brent crude (a bbl) Rs3,108
Gold (a gram) Rs1,145
Silver (a kg) Rs17,955


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In Focus
Pravasi Bharatiya Divas, Singapore

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‘More flexibility for corporate borrowers’

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

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H1 agri commodity futures turnover down 32%

Rising exports, output cheer tea sector

Commodity stocks remain under pressure

Extractors body seeks duty imposition on edible oils

Ginners in a spot on higher cotton support prices



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