The Hindu Business Line : Friday, November 21, 2008

AGRI-BIZ & COMMODITIES

COMMODITIES: Cheaper fuel pulls down inflation rate to 8.9%
Wholesale Price Index of all commodities at 235. New Delhi, Nov 20 The annual Wholesale Price Index-based inflation rose 8.9 per cent during the week ended November 8, marginally below the previous week’s annual rise of 8.98 per cent, ...

COFFEE: Coffee production estimates pruned 5.6%
Heavy rains, hanging mist held responsible for reduction. Chennai, Nov. 20 The Coffee Board on Thursday pruned the production estimate for the current season to September 2009 by 5.6 per cent to 2.76 lakh ...

SPICES & CONDIMENTS: Value-added spices contribution rising in exports basket
End users find direct sourcing competitive. Kochi, Nov 20 If the latest trend in the pace of growth in value-added spices exports such as curry powder/paste and spices oils and oleoresins is any indication, the shipments of bulk spices would ...

POWER: AP to use naphtha in power plants during rabi season
Move to bridge demand-supply gap. Hyderabad, Nov. 21 With the price of naphtha coming down by about 50 per cent in the last few months, the gas-based generating stations have been asked to take up power generation to meet the increasing demand ...

COTTON: Cotton prices stable despite demand slump
Despite the sharp mark up in minimum support price, raw cotton arrivals across the country have dipped 22 per cent to 36.50 lakh bales (lb) as on November 15, against 46.65 lakh bales registered in the same period last year, according to data ...

TEA: Tea Board, Upasi team to visit Pak in Dec
To expedite transportation via Atari-Wagah border. A high-level tea delegation, to be led by Mr Jairam Ramesh, Union Minister of State for Commerce & Power, will be visiting Pakistan in ...

TEA: Higher volume on offer at Coonoor
An analysis of brokers' catalogues indicates that 15.5 lakh kg is being offered for Sale No: 47 of the auction of Coonoor Tea Trade Association (CTTA) to be held this week.This is the second highest volume offered so far in 2008. It is 1 lakh ...

SPICES & CONDIMENTS: Steady exports
...

AGRICULTURAL INSTITUTIONS: TNAU, Canada varsity tie up
The Tamil Nadu Agricultural University has inked an agreement with the Nova Scotia Agricultural College, Canada to establish academic and research linkages. Both the institutes have evinced interest in starting a Dual Degree Programme at the ...

OILSEEDS & EDIBLE OIL: Edible oils export in packs allowed
New Delhi, Nov. 20 In partial modification to the total ban imposed on the export of edible oil from the country, the Government on Thursday said it would permit export of edible oils in branded consumer packs of up to 5 kg, subject to ...

METALS: Metal mettle
After the bull-run of the last four years, when the global metals market was characterised by rising production, soaring consumption, expanding trade and ever-escalating prices, an unprecedented meltdown in the past four months has created ...

CLIMATE & WEATHER: Easterly wave tightens grip over peninsular weather
Thiruvananthapuram, Nov. 20 Active northeast monsoon conditions prevailed over coastal Tamil Nadu on Thursday as an itinerant easterly wave firmed up its grip over peninsular weather. The wet weather over the peninsula may hold for another ...

AQUACULTURE: Fish farming
...

SPICES & CONDIMENTS: Pepper futures plunge on heavy selling
Kochi, Nov. 20 Pepper futures market fell on selling pressure created by bearish activities on Thursday. All the contracts dropped sharply hitting the second lower circuit level across ...

RUBBER: Spot rubber drops to Rs 65/kg
Kottayam, Nov. 20 Rubber prices lost heavily on Thursday. Panic selling from dealers and growers put further pressure on the prices as the international indices made yet another sharp decline during the ...

OILSEEDS & EDIBLE OIL: Decision to reimpose Customs duty on crude soya oil intriguing
Move likely to give a fillip to palm oil. Mumbai, Nov. 20 The Union Government’s decision to impose Customs duty of 20 per cent ad valorem on imported soyabean oil has the scent of a palace intrigue. There was no justification to tinker ...

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Markets (Nov 20)

Nifty (at close)	2553.15(-81.85)
US Dollar (Buy/Sell)	50.20/21
Brent crude (a bbl) Rs	2,404
Gold (a gram) Rs	1,131
Silver (a kg) Rs	16,845

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