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AGRI-BIZ & COMMODITIES

AGRICULTURAL POLICY: Statutory minimum price for sugarcane may be hiked
Likely to be in the range of Rs 110-115 a quintal. New Delhi, Jan 8 The Centre is said to be considering a statutory minimum price (SMP) in the region of Rs 110 to Rs 115 a quintal for sugarcane to be crushed during the 2009-10 ...

SUGAR: Transporters’ strike drives up sugar prices
Rates increase Rs 155 a quintal in a week. Mumbai, Jan 8 Sugar prices seem to have started rising sooner than expected. Prices were slated to rise this year as the production was expected to be much lower than last year, but traders are baffled ...

PLANTATIONS: Cocoa prices perk up on global demand
Kottayam, Jan 8 Though the major season for cocoa is almost over in Kerala, there are indications of improved prices due to a vibrant international ...

SPICES & CONDIMENTS: Bullish sentiments buoy pepper futures
Kochi, Jan. 8 Pepper futures continued their upward run on Thursday despite strike by trailer-operators, truckers in North India and the officers of oil companies on buy-call and ...

CO-OPERATIVES: WBSCB to waive penal interest imposed on farmers
Kolkata, Jan. 8 The West Bengal State Cooperative Bank (WBSCB) has decided to waive an estimated Rs 15-16 crore of penal interest slapped on about four lakh borrowers, all farmers. “We’ve no other option but to announce waiver if ...

GOLD & SILVER: 2008 gold imports put at 720 tonnes
Mumbai, Jan. 8 Information relating to gold imports into India has often been an enigma and the precise quantum of physical arrivals has been hard to ascertain quickly. For the year 2008 that just ended, several figures – ranging ...

RUBBER: Spot rubber declines further
Kottayam, Jan. 8 Spot rubber fell further on Thursday. The ongoing lorry strike and the declines in domestic and international futures continued to hammer the domestic sentiments. Sheet rubber weakened to Rs 70.50 from Rs 73 a kg on ...

COTTON: Rains damage cotton kapas
Coimbatore, Jan. 8 Cotton kapas weighing 23000 quintals and valued at Rs 51 crore is said to have been damaged due to torrential rains in Villupuram, Cuddalore and ...

Columnists: G Chandrashekhar Sharad Joshi




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Markets (Jan 07)
Nifty (at close)2,920.40(-192.40)
US Dollar (Buy/Sell)48.60/62
Brent crude (a bbl) Rs2,315
Gold (a gram) Rs1,229
Silver (a kg) Rs19,070


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