AGRI-BIZ & COMMODITIES
COMMODITY EXCHANGES
NCDEX enables demat delivery for 7 commodities
The National Commodities and Derivatives Exchange Ltd (NCDEX) has received an overwhelming response from the market for the demat (dematerialised) delivery of commodities. The exchange recorded a demat delivery of seven commodities for ...
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RUBBER
Rubber declines as buyers turn cautious
SPOT rubber prices slipped on Wednesday. After a day's hectic activity, the buyers turned more cautious with a wait and watch policy maintaining a low profile. Profit booking from dealers at higher levels had put pressure on sheet rubber ...
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TEA
Low orthodox output may hamper tea exports
"Our product mix is skewed in favour of CTC tea, whereas the global demand is for orthodox teas."
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Adverse weather hits Nilgiris tea
THE tea crop in the Nilgiris, the largest tea-growing district in the South, is heading for a 10 per cent decline this month due to adverse weather conditions. "It is raining daily in the plantation pockets. Sunshine has become scarce. This is ...
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Natural brew
A truck laden with tealeaf being pushed uphill through an organic tea plantation of Tata Tea in Munnar. Organic tea is cultivated by some of the major growers mainly for export. As its price is substantially higher than the usual tea, demand in ...
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TECHNICAL ANALYSIS
Correction likely in gold
SPOT gold prices headed higher helped by a weaker dollar, rising oil prices, instability in Iraq and possible uncertainties ahead of the US Presidential elections on November 2, reaching a six-and-half month peak. Oil charged back up to $55 a ...
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OILSEEDS & EDIBLE OIL
Copra, coconut oil prices up on fall in production
A SHARP fall in coconut production has pushed up the prices of copra and coconut oil in the country and it has also led to large-scale adulteration of the oil. Drought conditions in Tamil Nadu and Karnataka have brought down coconut ...
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CREDIT CARDS & DEBIT CARDS
Syndicate Bank launches new products
SYNDICATE Bank has launched new products — SyndKissan Samruddhi Card and SyndMahila Card. Launching them on the occasion of the Founders' Day at Manipal, the Executive Director of the bank, Mr Kamalakar M. Shet, said SyndKissan Samruddhi ...
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