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Monday, July 07, 2008
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OUTLOOK: Gold may hit $950, but dollar likely to gain strength
Positive trend seen in short term on inflation fears. Chennai, July 6 Gold prices are poised to hit $950 an ounce with crude ruling firm above $140 a barrel and economists pointing out that the world may have to live with oil above $150. But ...

SUGAR: Allahabad HC rejects Bajaj’s plea on cane price issue
Issue slated to come up before Division Bench today. Chennai, July 6 The Allahabad High Court has rejected a plea from Mr Kushagra Bajaj and other officials of Bajaj Hindusthan Ltd seeking a stay of their arrest for non-payment of dues to ...

CLIMATE & WEATHER: Bay whirl hangs too far east for south’s comfort
Thiruvananthapuram, July 6 An upper air circulation has materialised over the Bay of Bengal on Sunday, but too far east (as against a more westerly bearing seen in earlier forecasts) for rain-deficit southern peninsula’s comfort. ...

TEA: Good demand seen at Kolkata tea auctions
Kolkata, July 6 Last week, good liquoring categories at Kolkata CTC leaf and dust sales continued to meet with strong demand and sold well, with dusts often appreciating, according to J Thomas & Company Pvt Ltd., the tea auctioneers. ...

WTO: ‘Our aim in WTO is to get better market access for agri sector’
There will be no dilution in India’s demand for bringing down agricultural subsidies by OECD (Organisation for Economic Co-operation & Development) countries, according to Mr K.T. Chacko, Director, Indian Institute of Foreign ...

TEA: Coonoor tea prices rule firm
Coonoor, July 6 Prices managed to rise a rupee a kg on the average despite uncertainty in moving the teas to their respective destinations as Sale No: 27 of the auctions of the Coonoor Tea Trade Association (CTTA) was held amidst all-India ...

TECHNICAL ANALYSIS: Cotton may be range-bound
Cotton futures ended sharply lower on Thursday owing to a bearish USDA plantings report followed by fund and technical selling. USDA estimated total cotton acreage at 9.25 million acres, down from 10.8 million acres last year and the lowest level ...

TECHNICAL ANALYSIS: Gold may test resistance
COMEX gold futures ended the week lower on profit-taking coupled with a resurgence in the dollar. With the European Central Bank’s interest rate decision and US non-farm payroll data out of the way, gold could soften a little more on ...






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