Agriculture
Falling prices weigh down on areca growers
IN a market ruled by rumour and speculation, the arecanut growers of coastal Karnataka find themselves caught in a vortex of plummeting prices. While a few years ago the phenomenal rise in the price of arecanut had tempted several farmers to shift from `
traditional' crops to the more lucrative `cash' crop, the scenario has changed drastically now.
Cotton trade upset with grim textile scene
COTTON traders across the country meeting here under the banner of the All-India Cotton Trade Associations' Conference have voiced concern over the growing difficulties experienced by the domestic cotton economy in the face of failing textile industry an
d trade.
Mills-traders interactive session fails to take off
EVEN as the East India Cotton Association (EICA) has sought to chalk out an action plan aimed at removing impediments in cotton development and marketing, the interactive session proposed between the cotton trade and the cotton consuming textile industry
as part of the meet proved a non-starter.
Commodities
Cotton output pegged at 140.25 l bales
The All-India Cotton Trade Associations Conference, now in progress here, has estimated the size of the total cotton crop for the current year (2000-2001 season) at 140.25 lakh bales (of 170 kg) which is some six lakh bales down from the last Cotton Advi
sory Board's (CAB) estimate of 146 lakh bales.
Financial Performance
Avanti Feeds Q1 net up
AVANTI Feeds Ltd (AFL), a Rs 110-crore Hyderabad-based prawn food and prawn export company, has registered a significant growth both in turnover and net profit for the first quarter of current fiscal year ended June 30, 2001.
Technical Analysis
Bull run may continue in Malaysia palm oil
Malaysian Palm oil futures saw prices moving in a narrow range last week, mainly dominated by rises in CBOT and poor export data for the month of July. The week though started on a positive note on bullish Ivan Wong's July crop data and prospects of less
intense competition from Indonesia amid a strengthening rupiah. It was mainly CBOT that was pushing prices up.
Good scope for uptrend in NY cotton
After a prolonged spell of bearishness, New York Cotton Exchange cotton futures has shown some strength at last. The price action in the previous week could end a very long bearish cycle, which started exactly one year back from 66 cents. The week starte
d with perceptions of the crop size edging lower due to searing temperatures in the west Texas and building dryness in the Delta.
Technology
Potatoes to power cars, make soft drinks!
DESIGNER potatoes that can produce large amounts of fructose, a key ingredient in soft drinks and sweeteners and in future possibly produce ethanol to power automobiles?
