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Monday, July 06, 2009
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AGRI-BIZ & COMMODITIES

COMMODITIES: Gold may stay weak on dollar cues; crude to consolidate
Commodities bring in attractive returns for investors. As a class of assets, commodities have been one of the best performing in recent months, bringing attractive returns for investors. In the quarter that just ended, commodities as varied as ...

TECHNICAL ANALYSIS: Comex gold: Bullish trend to be intact
Comex gold futures ended marginally higher as there were deeper concerns over the US economic outlook going forward. The precious metal found support above $931 after falling on Thursday, when weaker-than-expected US non-farm payroll data ...

INFRASTRUCTURE: Developing agri-infrastructure, key to 2nd agri revolution
While the contribution of agriculture to the country’s GDP has declined from 56 per cent in 1950 to approximately 17 per cent in 2008, there has not been any significant shift in the occupational structure (55 per cent of the work ...

WHEAT: Giving unfettered role to pvt sector in marketing wheat
With a planted area of 26-27 million hectares and harvest of 75-77 million tonnes, India is world’s second largest producer and consumer of wheat after China. Yet, there are concerns. Planted area has been expanding at an extremely ...

CULTIVATION: AP turns major agri producer
Endowed with different agro-climatic zones suitable for raising a range of crops as varied as grains (rice, maize) and horticulture (fruits,vegetables) and a long coastline that encourages development of fisheries, Andhra Pradesh is an ...

JUTE: Jute mills hopeful of stepping up supply to meet kharif season needs
Kolkata, July 5 The shortage of sacking during kharif marketing season (KMS) 2009-10 will not be as large as earlier estimated, according to jute industry sources. The shortage, it is now estimated, will be about two lakh bales against ...

SPICES & CONDIMENTS: Downtrend in pepper futures
The week witnessed a sharp decline in the pepper futures market on bearish operations and entry of imported pepper in the domestic market. The current scenario is likely to continue till the new crop position of Indonesia ...

CLIMATE & WEATHER: Monsoon rains seen retaining vigour until mid-July
The monsoon has entered a vigorous phase not witnessed till date during the season, with central and adjoining peninsular India too expected to come under enhanced rain cover from early this ...

TEA: Coonoor tea prices fall, substantial offer withdrawn
Nearly 35 per cent of the 11.80 lakh kg of leaf and 30 per cent of the 5.97 lakh kg of dust teas offered for Sale No: 27 of the auctions of Coonoor Tea Trade Association (CTTA) had remained unsold as the demand was inadequate to absorb the ...

CULTIVATION: AP to spend Rs 5,000 cr on co-op farming
The Andhra Pradesh Government has announced that cooperative farming would be taken up with a total spend of Rs 5,000 crore in 50 villages across ...

TEA: Good demand for orthodox tea in N. India auctions
Last week, the CTC markets for North India followed quality, according to J. Thomas & Company Pvt Ltd, the tea auctioneers. The Assams showing seasonal improvement were firm around last with selected lines dearer. Remaining Assams ...

Columnists: G Chandrashekhar Sharad Joshi




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Markets (July 03)
Nifty (at close)4,424.25(+75.40)
US Dollar (Buy/Sell)47.89/90
Brent crude (a bbl) Rs3,132
Gold (a gram) Rs1,350
Silver (a kg) Rs22,390


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