Business Daily from THE HINDU group of publications
Monday, September 04, 2006
Agri Prices (Sept. 2)
Coconut oil ready4975 (4975)
Pepper garbled ready11200 (10900)


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AGRI-BIZ & COMMODITIES

COMMODITY EXCHANGES
Speculation yes, manipulation no
Speculators add liquidity to the contracts More

INSIGHT
How much of farm loans are NPAs, any guess?
Six per cent of agricultural outstandings were non-performing assets as of March 2005, as against 3.9 per cent for non-priority sectors. For priority sector SSI units, the figure was as high as 10.3 per cent. That is the good news. The bad ... More

TEA
Coonoor tea prices up on low offer
Prices rose Rs 3 a kg on the average at the Sale No: 35 of the Coonoor Tea Trade Association (CTTA) here with the demand fit enough to absorb the low volume on offer at higher levels. Only 8.6 lakh kg were offered for sale. This was the lowest ... More

TECHNICAL ANALYSIS
Downward tweak likely in palm oil
Malaysian crude palm oil futures ended higher on Friday boosted by strong export estimates from the cargo surveyors. Exports of Malaysian palm oil products in August stood at 1,367,456 tonnes, up 12.8 per cent from the 1,211,764 tonnes shipped in ... More

Gold may test resistance level
Gold futures settled lower on Friday in holiday-shortened trade after the dollar recovered briefly on better-than-expected payroll numbers. Commodity markets are nervous about Iran's nuclear stand-off with the West. Any long lasting solution ... More

FOODGRAINS
Centre fixes maize price at Rs 570
The Centre has fixed the cut-off rates for maize stocks in the State at Rs 570 per quintal. Food Corporation of India (FCI) Regional Office at Hyderabad would take the necessary steps to lift the stocks. FCI had floated a tender enquiry ... More

COTTON
SICA sees cotton crop rising 10 pc
Demand expected to be strong More

COCONUT & COPRA
Coconut Board seeks more units in AP
There is an imperative need for setting up more processing units in the two Godavari districts - the main coconut growing area of Andhra Pradesh - and the Coconut Development Board (CDB) has several schemes to extend financial support to ... More

Copra prices stay below MSP
Copra prices continued to rule low at around Rs 3,300 a quintal as a result of low coconut oil prices in the major markets. At the Kochi terminal market, copra FAQ was sold on Saturday at previous day's level of Rs 3,350 a quintal while ... More

COFFEE
Premiums disappear for Indian robustas
Global market sees no need as prices zoom to 7-year high More

SPICES & CONDIMENTS
Pepper futures firm on global trend
Bull cartels are pushing up prices More

ITC Foods enters basic spices market in TN
Hopes to garner about 10-20 per cent market share in a year More

COMMODITY MARKETS
Relief unlikely from high copper prices for now
Despite end to Chile stir, supply concerns remain More






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