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Thursday, August 21, 2008
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AGRI-BIZ & COMMODITIES

TEA: No reversal seen in rising trend of tea prices
Low carryover stocks, extra demand the factors, says industry. Kolkata, Aug 20 The tea industry sees no chance of reversal of the current rising trend in prices, at least in foreseeable future. ...

CLIMATE & WEATHER: Bay system forms, to trigger rains in East
Thiruvananthapuram, Aug 20 India Meteorological Department (IMD) has said on Wednesday that an upper air cyclonic circulation has formed over the North Bay of Bengal and adjoining coastal areas off West Bengal and Orissa. ...

COMMODITY EXCHANGES: Bandopadhyay to be NMCE non-Govt independent director
‘Earlier communication a technical error’. Mumbai, Aug 20 National Multi Commodity Exchange (NMCE) has clarified to the commodity markets regulator Forward Markets Commission (FMC) that Reliance Money Chief Executive Officer, Mr ...

POULTRY: Curb likely in egg production
Due to soaring feed costs. Chennai, Aug 20 Plagued by rising input costs, producers in the poultry hub of Namakkal are likely to curb ...

SPICES & CONDIMENTS: Farmers begin shelving Cochin ginger cultivation
IMPORT EFFECT. Kochi, Aug 20 Non-remunerative price consequent to increased imports is leading to the gradual disappearance of cultivation of the well known high quality ‘Cochin ginger’ that is popular in the international spice ...

STORAGE: Surender Kumar Tuteja takes over as Chairman of NBHC
Mumbai, Aug 20 Former Union Food and Public Distribution Secretary, Mr. Surender Kumar Tuteja, has taken over as Chairman of the National Bulk Handling Corporation Ltd (NBHC), an integrated commodity and collateral management company promoted ...

RUBBER: Rubber producers urged to focus on output
Kottayam, Aug. 20 Mr Sajen Peter, Chairman, Rubber Board, has urged rubber growers and Rubber Producers’ Societies (RPSs) to concentrate more on sheet rubber production in view of the current fall in price and demand of rubber latex. ...

SPICES & CONDIMENTS: Pepper futures gain on lack of spot material
Kochi, Aug 20 Pepper futures market on Wednesday shot up on bullish reports. August contract moved up by Rs 243 a quintal to Rs 14,300, but Rs 200 below the spot price for MG 1. September and October also moved up by Rs 184 and Rs 196 a ...

TEA: 19-week low offerings at Coonoor tea auction
Coonoor, Aug 20 The volume of 10.80 lakh kg catalogued for Sale No: 34 of the Coonoor Tea Trade Association (CTTA) auctions to be held on Thursday and Friday is the lowest of the last 19 weeks. It is lower than last week’s offer by ...





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Markets (Aug 20)
Nifty (at close)4420.80(+52.55)
US Dollar (Buy/Sell)43.83/84
Brent crude (a bbl) Rs4,839
Gold (a gram) Rs1,104
Silver (a kg) Rs20,495


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ADB World Outlook 2008

ADB's Outlook on India

Union Budget 2008-09

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People's car

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