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Wednesday, February 18, 2009
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AGRI-BIZ & COMMODITIES

COMMODITIES: Gold scales new peak
No imports this month; jewellery demand comes to a standstill. Chennai, Feb. 17 Gold prices zoomed to a record high on Tuesday as global investors turned to the yellow metal on fears over global economy and inflation. A slump in the equities ...

SUGAR: Changed norm for raw sugar imports notified
Actual user condition relaxed to allow tonne-to-tonne basis. New Delhi, Feb 17 The Commerce Ministry has formally allowed duty-free imports of raw sugar against advance licences (AL) on a ‘tonne-to-tonne’ ...

INSIGHT: Give crops balanced nutrients
Indian farming has to readjust its priorities. We, as a nation, are trying to adopt advanced farming practices that include use of genetically engineered seeds, micro-irrigation, greenhouse cultivation, hydroponics, integrated pest ...

FARM CREDIT: TN announces interest-free co-operative crop loans
No new taxes in budget; VAT on some essential commodities cut. Farm loans from cooperative banks would be interest free for farmers who repay crop loans on time, announced the Tamil Nadu Finance Minister, Mr K. Anbazhagan, in the Assembly ...

PLANTATIONS: Vanilla price to remain stagnant till mid-2010
Factors are high inventories, economic slowdown. Mangalore, Feb. 17 The vanilla industry is unlikely to witness a change in price at least till the middle of 2010 because of the existing vanilla inventories in the global market and the current ...

POWER: CM promises free power to farmers for next five years
State to provide Rs 600 cr to APGenco for additional coal purchase. Hyderabad, Feb. 17 The Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, on Tuesday said that the Government would ensure free power supply to the farm sector over the ...

CLIMATE & WEATHER: Building mini-heat wave may spare wheat crop
Thiruvananthapuram, Feb. 17 Wheat-growing areas of northwest India would be largely seen kept safe from a mini-heat wave building over west and adjoining central India where minimum temperatures have started ...

RUBBER: Spot rubber improves on lower arrivals
Kottayam, Feb. 17 Spot rubber improved further on Tuesday. Covering groups maintained the market in a bullish mood as the inflow of the raw material continued to be low. According to observers there have been no revised quotations from the ...

TEA: Coonoor tea sales turnover rises 44%
Coonoor, Feb. 17 An analysis of the Market Reports reveals that 2009 has started on an improved note for the Nilgiri tea ...

Columnists: G Chandrashekhar Sharad Joshi




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Markets (Feb 17)
Nifty (at close)2,770.50(-78.00)
US Dollar (Buy/Sell)49.03/04
Brent crude (a bbl) Rs2,060
Gold (a gram) Rs1,386
Silver (a kg) Rs23,490


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