The Hindu Business Line : Wednesday, August 06, 2008

AGRI-BIZ & COMMODITIES

OUTLOOK: Gold, silver to weaken in 2009 on easing inflation
Demand may wane due to dollar recovery. Mumbai, Aug 5 Given the continued financial market turmoil in addition to geopolitical concerns, inflation fears, weaker dollar and lower US interest rates, the positive market fundamentals for gold ...

CLIMATE & WEATHER: ‘Low’ crosses land, soaks Vidarbha
Thiruvananthapuram, Aug 5 Monday’s ‘low’ over the west-central and adjoining northwest Bay of Bengal has crossed the Orissa coast and lay over south Chhattisgarh and neighbourhood on Tuesday. ...

FOODGRAINS: Domestic maize prices rule firm
Farmers holding no stocks cited as a reason. Maize (corn) prices have begun to decline in the global market but the rates in the domestic market are ruling firm. In fact, they are higher than the rates which prevailed before the Centre banned ...

SUGAR: Sugar stocks up after Govt pegs free-sale quota
Move expected to drive up prices. Mumbai, Aug. 5 Sugar stocks surged on Tuesday as the Government fixed the quota for free sale of sugar for August at a level lower than market expectations. ...

SPICES & CONDIMENTS: Cardamom prices move up on thin arrivals
Kochi, Aug 5 Cardamom prices moved up last week on thin arrivals at auction centres in Kerala and Tamil Nadu. The main reason attributed to the drop in arrivals is incessant rains and the accompanying winds in the growing areas which disrupted ...

COMMODITY EXCHANGES: Reliance Money, NMCE to set up comex
New entity to go live from December. Mumbai, Aug 5 Reliance Money, the financial distribution company of Anil Dhirubhai Ambani Group and the Ahmedabad-based National Multi-Commodity Exchange (NMCE) has entered into a joint venture to set up a ...

FOODGRAINS: ‘Centre’s move seen supporting large firms’
The Centre’s decision to allow companies with letter of credits (LCs) only to export maize is seen as a move that is supporting large firms. Exporters who ship in smaller lots feel that those who have filed their shipping bills or who ...

STANDARDS & BENCHMARKS: Food quality lab opened
Hyderabad, Aug. 5 Mr N. Raghuveera Reddy, Andhra Pradesh Minister for Agriculture, inaugurated the Rs 5-crore Food Analytical and Quality Control Laboratory to help exporters of agricultural and horticultural produce at Chintal ...

SPICES & CONDIMENTS: Pepper exports

HORTICULTURE/FRUITS & VEGETABLES: Smell of money!

RUBBER: Spot rubber declines on global cues
Kottayam, Aug. 5 Spot rubber surrendered on Tuesday. The sentiments were led by the losses in international indices which fell deeply in to the negative territory following declines in oil and precious metals futures. RSS 4 moved down to Rs ...

SPICES & CONDIMENTS: Pepper futures market witnesses high volatility
Kochi, Aug 5 Pepper futures market on Tuesday was highly volatile and closed marginally higher than that of Monday. August contract was up by Rs 48 a quintal to close at Rs 14,111. The rise in other contracts was from Rs 59 to Rs 75 a quintal ...

SEEDS: Vibha Agro’s seed facility
Vibha Agrotech, an agricultural research and seed producer, will complete the Rs 125-crore seed conditioning facility at Jadcherla in Mahboobnagar district by February next year. “This is part of our Rs 200-crore investment plan on various ...

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