The Hindu Business Line : Monday, September 29, 2008

AGRI-BIZ & COMMODITIES

COMMODITY MARKETS: Safe-haven buying bolsters gold price
In London spot market, it climbs 1.5% to $902 an ounce. Financial and monetary uncertainties buffet the commodity markets. This is in addition to growth concerns and overall negative sentiment. Obviously, risk reduction is the in-thing. The ...

TEA: New electronic system soon to measure tea aroma, colour
Alpha version being tested; commercial launch in a year. An electronic nose and vision (ENV) system that is capable of measuring the aroma, colour, appearance and other quality parameters of both finished and “in-process” tea is ...

CLIMATE & WEATHER: Super typhoon Jangmi drains out moisture
Thiruvananthapuram, Sept 28 Super typhoon Jangmi, a massive storm in the Northwest Pacific, has spirited away available moisture over the southwest and adjoining equatorial Indian Ocean even as it bore down heavily on ...

TECHNICAL ANALYSIS: Gold futures may rise
Gold futures, ended higher on Friday extending gains to a second week as demand for gold soars as people continue to seek out safe havens. It has also been accompanied by extreme volatility. Investments in exchange traded funds have risen ...

TECHNICAL ANALYSIS: NY cotton likely to fall
Cotton futures ended lower on Friday due to speculative selling linked to weakness in other commodities and overall weakness in economies. A lack of bullish news and worries about global economic turmoil crimping demand also pressured prices. ...

SPICES & CONDIMENTS: Global pepper prices likely to move up
Kochi, Sept 28 The international pepper market appears to be facing a tight supply position when there is every possibility of potential demand emerging in the coming weeks from the US and European markets to cover for their uncovered portion ...

TEA: Coonoor tea auctions face market corrections
Coonoor, Sept 28 Prices rose Rs 2 a kg generally even as some invoices held on to last week’s levels and some others struggled at Sale No: 39 of the auctions of Coonoor Tea Trade Association ...

TEA: Prices dearer at N. Indian tea sale
Last week, CTC teas at Guwahati and Kolkata auctions once again sold readily at firm to dearer rates. The levels at Siliguri auctions, however, were around last and irregularly lower particularly for teas showing a decline in quality. The ...

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Looking back
Sep. 21-Sep. 27
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Export curbs on certain varieties of rice may go

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Aug spices exports hit snag