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AGRI-BIZ & COMMODITIES

OUTLOOK: Platinum prices may decline to $700/oz
Market forecast to be in deficit by 2,40,000 oz. Chennai, Nov. 28 If the current crisis in the commodity market continues, platinum prices could drop to as low as $700 an ounce in the coming months as investors would prefer to cash to other ...

CULTIVATION: Acreage under most rabi crops on the rise
Delayed sowing could reduce yields in northwest India. New Delhi, Nov. 28 Rabi sowing is fairly robust in the current year, with farmers bringing in more area under most crops relative to ...

SPICES & CONDIMENTS: Indonesia figures depress pepper market
Kochi, Nov. 28 The global pepper production in 2008, with the alleged inflated figures presented by Indonesia, is estimated at 2.91 lakh tonnes as against 3,02,928 tonnes in 2007, while the projection for next year has shown an increase of ...

CLIMATE & WEATHER: Cyclone Nisha’s remnant proves a soaker
Thiruvananthapuram, Nov. 28 A remnant of Tropical Cyclone Nisha spun across the peninsula overnight and glided into the southeast Arabian Sea where it was traced as a feeble low-pressure area off the Kerala and south Karnataka coasts on ...

COMMODITY EXCHANGES: Mumbai terrorist attack hits commodity trade; players keep off
Mumbai, Nov. 28 Commodity futures market bore the scar of the terriorist attack in the financial captial – Mumbai – with the sharp fall in turnover at the national commodity exchanges ...

TEA: Kochi tea prices dip on higher arrivals
There was a surge in arrivals at the Kochi tea auction where prices continued to reign low. At the leaf auction, exporters were active in both the orthodox and CTC grades. Interstate buyers operated with less strength. Meanwhile, at the dust ...

EVENTS: Make farming profitable: Swaminathan
The objective of policy-makers and others in the field of agriculture should be to make farming profitable and remunerative rather than focussing on production and productivity alone, said Dr M.S. Swaminathan, noted agricultural ...

RUBBER: Rubber market unchanged
Kottayam, Nov. 28 Spot rubber showed a mixed trend on Friday. The market mostly remained neutral amidst unimpressive global reports but ungraded rubber picked up marginally on enquiries from the non-tyre ...

TEA: Lankan teas fetch highest price
Coonoor, Nov. 28 Sri Lankan teas sold at Colombo auctions fetched the highest price among all the teas sold through different auction centres across the globe in the first ten months ...





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Markets (Nov 28)
Nifty (at close)2755.10(+2.85)
US Dollar (Buy/Sell)50.07/10
Brent crude (a bbl) Rs2,454
Gold (a gram) Rs1,196
Silver (a kg) Rs18,225


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