The Hindu Business Line : Saturday, October 11, 2008

AGRI-BIZ & COMMODITIES

OUTLOOK: ‘Gold may touch $1,000 sooner than expected’
Chennai, Oct. 10 Gold may hit the $1,000-an-ounce-mark again sooner than expected in view of continuing financial turmoil and investors’ rush for the safety and protection traditionally offered by the ...

COMMODITY MARKETS: Gold races to a new high
Gains Rs 500 for 10 gm. Mumbai, Oct 10 Even as the stock market bled, gold showed big gains on the domestic bourses on Friday with a phenomenal spurt of over Rs 500 per 10 grams. In the afternoon session, the metal was trading at Rs 14,100 per ...

COMMODITIES: Inflation rate drops on cheaper agri items
Wholesale Price Index of all commodities at 240.7. New Delhi, Oct. 10 The annual Wholesale Price Index-based inflation rose 11.80 per cent during the week ended September 27, below the previous week’s annual rise of 11.99 per cent, data ...

SUGAR: UP growers seek Rs 160 a quintal for sugarcane
Mills say they wouldn’t be able to pay more than Rs 112. Chennai, Oct. 10 Sugarcane growers in Uttar Pradesh have asked the State Government to increase the State Advised Price (SAP) for their produce by at least 25 per cent to 160 a ...

PLANTATIONS: Planters’ association office-bearers
Mr K.T. Harsha, Group Manager, Stanes Amalgamated Estates, and Mr Jiten Pareek, Manager, Kil Kotagiri Estate, have assumed office as Chairman and Vice-Chairman of Nilgiri Planters’ Association (NPA) for 2008-09, respectively, according to ...

SEEDS: Rasi Seeds sets up Rs 10-cr research facility
To develop varieties resistant to virus, insects. Attur (Salem District), Oct. 10 Rasi Seeds foresees huge scope for rice varieties in ...

RICE: Call for Kuttanad package implementation authority
Kochi, Oct. 10 The Kuttanadu Vikasana Samithy (KVS) has urged the Chief Minister to constitute a Kuttanad Package Implementation Authority for executing Dr M.S. Swaminathan Committee’s Rs 1,850-crore ...

CLIMATE & WEATHER: Rains may intensify over peninsula from Sunday
Thiruvananthapuram, Oct 10 India Meteorological Department (IMD) has forecast scattered to fairly widespread rainfall activity over the extreme south peninsula over a five-day period from ...

RUBBER: Spot rubber plunges further
Kottayam, Oct. 10 Domestic rubber prices made yet another sharp fall on Friday. The sentiments were extremely bearish and sheet rubber RSS 4 declined to Rs 84 from Rs 90 a kg on the previous ...

RUBBER: Dealers call for ban on rubber import
Kochi, Oct. 10 With rubber prices crashing from Rs 137 to Rs 85 a kg during the past fortnight, rubber dealers have called for a ban on further duty-free imports of rubber, at least for six months. Many dealers have lost heavily and most of ...

SPICES & CONDIMENTS: Strong fundamentals prop up pepper futures
Kochi, Oct. 10 The turmoil in the capital markets all over the world failed to influence the pepper futures market because of strong fundamentals of pepper like gold. The market moved up on Friday. October contract increased by Rs 231 a ...

TEA: Prices weaken at Kochi tea auction
Kochi, Oct. 10 Prices of several tea varieties came under pressure at the Kochi tea auction. Fair amount of demand was witnessed from major blenders for CTC dust, while bolder CTC grades found favour with inter-State ...