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Thursday, July 24, 2008
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AGRI-BIZ & COMMODITIES

OILSEEDS & EDIBLE OIL: Oil palm farmers seek diesel subsidy
Higher price for fresh fruit bunches sought. Vizianagaram, July 23 Oil palm farmers in the State have sought diesel subsidy and enhancement of price for fresh fruit bunches (FFBs), as the processing units are making good ...

SUGAR: Sugar production may decline to 217 lakh tonnes
Prices likely to increase to Rs 1,600 a quintal. Mumbai, July 23 High inflation not withstanding, the sharp fall in sugarcane production may push up sugar prices to Rs 1,600 a quintal from the current level of Rs ...

TAXATION: Why the dithering on CTT?
It is now well over four months since the proposal to impose a Commodities Transactions Tax (CTT) was mooted in the Union Budget on February 29; yet, the notification to formalise the proposal even after passage of the Budget by Parliament has ...

CLIMATE & WEATHER: Weekend rains likely over peninsula
Thiruvananthapuram, July 23 Shifting weather two days from now is forecast to set off ‘breakthrough’ rains along the peninsular coasts and the arid interior in advance of a ‘low’ forecast to spin up over the Bay of ...

COTTON: Cotton export contracts need to be registered
Govt concedes industry demand to facilitate better data collection. New Delhi, July 23 Bowing to domestic textile industry demand, the Government has sought to place export restraint on cotton by stipulating mandatory registration (licensing) ...

COTTON: Commercial release of desi Bt cotton next year
Hyderabad, July 23 Beginning 2009, farmers in the country can buy desi Bt cotton seeds which they can reuse like any other varietal seeds. Developed by the Central Institute for Cotton Research at Nagpur, the Bikaneri Narma would be made ready ...

SPICES & CONDIMENTS: Pepper futures crash on liquidation
Kochi, July 23 Pepper futures on Wednesday witnessed a sharp fall on bearish activities.The drop touched second circuit level and it was from Rs 600 to Rs 650 a quintal on all the contracts. ...

RUBBER: Mixed trend in spot rubber
Kottayam, July 23 The rubber prices showed a mixed mood on Wednesday. RSS 4 slipped to Rs 136 from Rs 137 a kg as the global indices turned weak in tune with the declines in oil and precious metals futures. Ungraded rubber also lost ground on ...

SUGAR: Sugar mills demand higher price for ethanol
Mumbai, July 23 Sugar mills in Maharashtra are demanding a higher price from oil marketing companies for ethanol, which is to be used for petrol blending. They are demanding Rs 30 a litre (ex-distillery) price for ethanol. ...






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Commodities & currency (July 23)
Gold (per gram) Rs1,192
Silver (per gram) Rs26.55
Brent crude (per bbl) Rs5,484
US Dollar (Buy/Sell)42.09/10


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Radar: Resources elsewhere
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ADB World Outlook 2008

ADB's Outlook on India

Union Budget 2008-09

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