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Friday, September 05, 2008
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AGRI-BIZ & COMMODITIES

EXPORTS & IMPORTS: Pusa 1121 rice exports allowed through 6 ports
$1,200/t floor price fixed, trade resents ‘non-basmati’ tag. New Delhi, Sept. 4 The Director General of Foreign Trade (DGFT) has lifted the ban on export of non-basmati rice prospectively to be applicable only for the export of ...

TOBACCO: ITC’s Mysore tobacco plant to go on stream soon
Rs 250-cr project to adopt modern technology. Mysore, Sept. 4 Construction work on the new Green Leaf Threshing plant of ITC’s leaf tobacco arm – ILTD – in Mysore is expected to begin soon, as the process of land acquisition ...

SPICES & CONDIMENTS: Cardamom up on short supply
Festive demand, exporters aid trend. Kochi, Sept. 4 Cardamom prices continued their upward swing on good demand and short supply despite it being the peak harvesting period. The average price on Wednesday’s auction by CPMC Kumily ...

TEA: Tea prices up in global sales
Teas sold through all auction centres across the globe, except Malawi’s Limbe, have fetched higher prices in the first half of calendar 2008 over the corresponding period of 2007, an analysis of Market Reports and information available with ...

CLIMATE & WEATHER: Stage being set for monsoon exit from West
Thiruvananthapuram, Sept. 4 There are early indications of a large anti-cyclonic anomaly developing in the lower troposphere over west Rajasthan and adjoining north Gujarat from September 8 to trigger the withdrawal of monsoon. ...

SUGAR: Global sugar deficit pegged at 3.9 million tonnes
Mumbai, Sept 4 Hit by a steep fall in sugar output in India and Brazil, the International Sugar Organisation (ISO) has forecast the global production to fall 7.4 million tonnes to 161.6 million tonnes in ...

WHEAT: Australia liberalises wheat exports; buyers get options
Mumbai, Sept. 4 From July this year, wheat exports from Australia have been substantially liberalised with corporates and cooperatives allowed to export in bulk, subject to certain regulatory guidelines. Induction of new suppliers effectively ...

COMMODITIES: Inflation rate drops to 12.34% on cheaper food items
New Delhi, Sept. 4 The annual Wholesale Price Index-based inflation rose 12.34 per cent during the week ended August 23, marginally below the previous week’s annual rise of 12.40 per cent due to lower prices of mainly food products, ...

WTO: Industries’ views sought on tariff reduction, market access
Chennai, Sept 4 Industries that could be adversely affected by the sectoral initiatives under the Non-Agricultural Market Access (NAMA) negotiations under the WTO need to send their inputs within a fortnight to help the Commerce Ministry ...

CULTIVATION: Organic paddy brings cheer to farmers
Kochi, Sept. 4 Increasing yield and growing resistance to pest attack coupled with lesser water usage have generated enthusiasm among a group of farmers of Vadakkencherry in Palakkad, who switched over to organic paddy cultivation last ...

AQUACULTURE: Variety fare


RUBBER: Spot rubber rules steady
Kottayam, Sept. 4 Rubber market ruled steady on Thursday. The trading activities were mostly neutral lacking active participants either side to set a specific trend. RSS 4 closed unchanged at Rs 140 a kg consecutively for the third day on ...

SPICES & CONDIMENTS: Pepper futures drop on lack of demand
Kochi, Sept. 4 Pepper futures market continued to decline on bearish activities and lack of demand. September contract dropped by Rs 41 a quintal to Rs 13,920, much below the spot price of Rs 14,200 a quintal for MG 1. October and November ...

TEA: Firm trend at Kochi tea sales
Kochi, Sept. 4 Exporters continued to be active at the leaf sale of Kochi tea auction, mainly in orthodox varieties, while blenders and interstate buyers continued to operate at the CTC counters. ...





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Markets (Sep 04)
Nifty (at close)4447.75(-56.25)
US Dollar (Buy/Sell)44.45/46
Brent crude (a bbl) Rs4,685
Gold (a gram) Rs1,086
Silver (a kg) Rs19,900


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