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AGRI-BIZ & COMMODITIES
RICE:
States step up demand for rice, wheat for ration supply
Open market prices firming up; new scheme to plug leakages likely soon. New Delhi, Aug 3 The firming up of open market prices has led to a substantial increase in demand for rice and wheat from the Food Corporation of India’s godowns. ...
OUTLOOK:
Gold seen ruling weak in the short term
No visible pick-up in physical demand. Chennai, Aug. 3 Last week, gold dropped below $900 an ounce before recovering on Friday by about $30 as US data showed rising unemployment. Still before close, it shed some of its gains to close at ...
OUTLOOK:
India to play a critical role in world cotton trade
Exports and prices likely to continue their bull run. Mumbai, Aug 3 A combination of falling global production (accentuated by lower output in the US), slowing world consumption growth, decline in stocks and increase in imports (driven mainly ...
CLIMATE & WEATHER:
Fresh ‘low’ to bring more rain into peninsula
Thiruvananthapuram, Aug 3 The first of the two ‘made-to-order’ monsoon systems slotted for this week has materialised over the Bay of Bengal on Sunday with signature features that promise more rain for the still deficit-ridden ...
INSIGHT:
Phosphorous: Diminishing glow
Amidst all the noise over the rising price of crude oil, not many seem to have noticed that the price of phosphorous (P), an element that lies at the core of modern agriculture, has risen by more than 700 per cent in the last 14 months to reach ...
TEA:
Assam CTC leaf, dust tea sell lower
Kolkata, Aug 3 Last week, Assam CTC leaf and dust teas were around last and irregularly lower while Dooars continued to sell well at firm to occasionally dearer rates, according J Thomas & Company Pvt Ltd, the tea auctioneers. Major ...
TECHNICAL ANALYSIS:
Gold to test support, rise higher
Comex gold futures ended marginally lower, coming under pressure from weaker oil prices and a stronger dollar reducing demand for the metal as an alternative investment to the US currency. Gold is heading for a third-consecutive weekly drop. ...
CASHEW:
Global cashew shortage pushes up Indian exports
Kochi, Aug 3 Short supply of cashew kernels in the world market has pushed up prices in recent months besides stepping up Indian exports during the first quarter of the current ...
SPICES & CONDIMENTS:
Sharp fall in arrivals may push up chilli prices
Rising export demand also a major reason. Mumbai, Aug. 3 The sharp fall in chilli arrivals in the Guntur spot markets and rising export demand may push up chilli prices in the short term. ...
TEA:
Strong demand keeps Coonoor tea buoyant
Coonoor, Aug 3 Prices rose by Rs 4 a kg at Sale No: 31 of the Coonoor Tea Trade Association (CTTA) auctions here on Friday as the demand was strong enough to absorb the huge volume of 13.39 lakh kg at high bids. Both exporters and domestic ...
WHEAT:
Record output to pressure world wheat prices
Mumbai, Aug 3 Quite in line with expectation, world grain prices eased considerably during July. Improved crop prospects and supplies – wheat, corn (maize), rice and soyabean – and falling crude prices provided the trigger for ...
SPICES & CONDIMENTS:
Pepper futures up on domestic demand
Kochi, Aug. 3 Indian pepper futures market moved up at the weekend on strong domestic demand that in turn has made it out-priced in the world market. The fundamentals continued to remain strong. ...
RICE:
The price of rice
Few Keralites can go to bed contented without a bellyfull of their favourite dish of rice. Time was when there were over 600 varieties of locally grown paddy to choose from, as Kerala’s senior citizens will tell you, but today the story is ...
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