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Monday, May 05, 2008
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AGRI-BIZ & COMMODITIES

FARM CREDIT
Farmers’ body fears impact of credit policy
Hyderabad, May 4 The Confederation of Indian Farmers’ Associations (CIFA) has expressed fears that the recent credit policy announced by the Reserve Bank of India would have an adverse impact on the 18 per cent target for agriculture ... More

CLIMATE & WEATHER
Bay hums again as Myanmar quivers
Thiruvananthapuram, May 4 A vast stretch of ocean waters from the west-central Pacific, the South China Sea and the Bay of Bengal is humming in anticipation of a chain of unsettled weather events linking each to the other. The chain ... More

CONTRACT FARMING
PepsiCo hopes to buy 5,500 t malt grade barley in Rajasthan
New Delhi, May 4 PepsiCo India is hoping to procure 5,500 tonnes of barley grown in Rajasthan at the end of this season, turning profitable the contract farming initiative it has undertaken for UB group. The company plans to increase the ... More

TEA
Good demand for CTC at N. India tea auctions
Last week, the CTC auctions at Kolkata, Guwahati and Siliguri saw a good demand with selected better sorts tending around last levels while the remainder were irregularly lower, according to J. Thomas & Company Private Ltd, the tea ... More

Coonoor tea prices drop on huge volume
Prices dropped Rs 2 a kg at Sale No: 18 of the auctions of Coonoor Tea Trade Association (CTTA) here when the demand was inadequate to absorb the huge offer at high bids. The offer of 11.87 lakh kgs was the highest of the last 26 weeks. ... More

Prices firm at Kochi tea sale
Prices generally remained firm at the Kochi tea auction which witnessed fair amount of export enquiry for bolder dust tea grades. While there was good enquiry for smaller CTC leaf varieties from inter-State buyers, exporters were selective in ... More

TECHNICAL ANALYSIS
Gold to test support levels, rise
Comex gold futures ended higher on Friday, recovering from a four-month low on prospects of a rebounding US economy and a smart recovery in the base metals and crude oil complex. The dollar jumped to a two-month high versus a basket of major ... More

JUTE
Exempt jute from futures trading, says IJMA
‘It has done more harm than good’ More

SPICES & CONDIMENTS
Rajasekhara Reddy visits Guntur chilli yard, promises help
Guntur, May 4 The Chief Minister, Dr Y.S. Rajasekhara Reddy, visited the Guntur chilli yard gutted on Sunday and assured the farmers and others who suffered heavy damage that their loss would be fully compensated.At a press meet after ... More

EVENTS
Call to raise bio-fuel yield
Mr D.A. Somayajulu, Economic Advisor to Andhra Pradesh Government, has called for efforts to increase yields of jatropha and other bio-diesel plants.Addressing a seminar on ‘Biofuels and agribiotech industries in Andhra Pradesh ... More

OUTLOOK
Short-term weakness persists in gold
Market looks to India for gaining momentum More






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