The Hindu Business Line : Friday, November 07, 2008

AGRI-BIZ & COMMODITIES

OILSEEDS & EDIBLE OIL: ‘No immediate move to hike vegoils customs duty’
Oilseeds prices ruling above support price: Pawar. New Delhi, Nov. 6 The Union Agriculture Minister, Mr Sharad Pawar, on Thursday ruled out any immediate move to re-introduce or raise import duties on edible ...

COMMODITIES: Costlier primary items push up inflation rate
Wholesale Price Index of all commodities at 238.5. New Delhi, Nov. 6 The annual Wholesale Price Index-based inflation rose 10.72 per cent during the week ended October 25, marginally above the previous week’s annual rise of 10.68 per cent, ...

MINERALS: Railways cuts rates for long distance iron ore export traffic
Will be effective from November 8 to December 31. New Delhi, Nov. 6 Indian Railways has announced reductions of 10-50 per cent in freight charges for long distance iron ore export traffic. The percentage of reduction will depend on parameters ...

COTTON: Slowdown, firm $ driving down cotton prices
Mumbai, Nov. 6 The month of October that witnessed an unprecedented price collapse in a range of commodities did not spare cotton. Notwithstanding market fundamentals that favour relatively high prices, global economic slowdown, loss of ...

GOLD & SILVER: ‘Rise in $, need for liquidity keeping gold volatile’
Chennai, Nov. 6 Investors’ misunderstanding of gold is affecting the yellow metal and, in turn, hurting their ...

TEA: Tea prices to look up on winter demand from importers
Chennai, Nov. 6 Tea prices, which declined by Rs 20 a kg in the last couple of weeks, are expected to gather steam again from this month-end on demand for winter emerging from ...

TEA: Made in India, branded in Pak
Call it the Kyber Pass effect. Now, tea produced in South India is being branded in Pakistan and sold in countries such as Afghanistan, Iraq and even as far as Russia. Behind this is the Chennai-based Exim Rajathi India Pvt ...

COMMODITIES: IT in commodity trading
With commodity markets turning volatile, need for managing risks has only increased to ensure that exposures in the market do no lead to bankruptcy of firms. It is here that information technology plays a key role and having the right ...

FOODGRAINS: Record global cereal output forecast; risks remain
Mumbai, Nov. 6 Global cereal output is forecast to surge a massive 5.3 per cent to a new high of 2,241.5 million tonnes in 2008-09 even as high prices boosted plantings and weather was generally ...

PLANTATIONS: Arecanut prices crash
Kottayam, Nov. 6 The steep fall in arecanut prices following very few enquiries from the north Indian states has triggered a panic among the nut growers. During the past two weeks, prices have slipped by Rs 10 a kg, according to the ...

AGRICULTURAL INSTITUTIONS: TN farm varsity initiative
The Tamil Nadu Agricultural University has entered into an agreement with Kottayam-based AGRO-Biotech Research Centre for organising need-based certificate courses related to bio-fertilisers and bio-control agents through the Open and ...

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Markets (Nov 06)

Nifty (at 3.30 p.m.)	2892.65(-102.30)
US Dollar (Buy/Sell)	47.60/61
Brent crude (a bbl) Rs	2,897
Gold (a gram) Rs	1,088
Silver (a kg) Rs	16,965

In Focus
Pravasi Bharatiya Divas, Singapore

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