The Hindu Business Line : Monday, December 01, 2008

AGRI-BIZ & COMMODITIES

EXPORTS & IMPORTS: Basmati segment faces payback time
Millers make paddy purchases against little export orders. New Delhi, Nov. 30 With more than Rs 8,000 crore invested in paddy purchases this season, and against which there are hardly any export orders, basmati millers are in deep trouble. A far ...

COMMODITY MARKETS: Producers respond to low prices with output cuts
Sharp recovery in demand for jewellery gold. Grave concerns over continued global economic slowdown and reports that the world may already be in recession have resulted in heavy reductions in demand for a range of commodities. Supply response to ...

SPICES & CONDIMENTS: Pepper futures recover on good buying support
Kochi, Nov 30 Pepper futures market witnessed high volatility during the week with the prices dropping sharply on selling pressure and bearish activities and then recovering during the weekend on good buying ...

TECHNICAL ANALYSIS: Gold futures to consolidate
Gold futures, ended moderately higher on Friday helped by a recovery in the US equity markets which an economic indicator. Markets will also be eyeing the next week’s US manufacturing, payrolls and auto sales data for further clues on ...

TECHNICAL ANALYSIS: Cotton to test resistance levels
Cotton futures ended higher on Friday in thin volumes mostly due to strength in the overall commodity complex. Cotton markets will keep a close eye on the macro-economic situation for direction. The sharp fall in cotton prices would ...

AGRICULTURAL INSTITUTIONS: Nabard credit plan for Tirunelveli
The Potential Linked Credit Plan (PLCP) for Tirunelveli district has envisaged an outlay of Rs 1,689.84 crore for 2009-10. The Nabard prepared plan has provided an allocation of Rs 437 crore for crop loan, Rs 203 crore for agriculture term loan, ...

COMMODITY MARKETS: STC confident of dealing with declining commodity prices
New Delhi, Nov. 30 Unfazed by the declining trends in commodity prices the world over, which have buffeted the commodity trading companies, the Rs 16,000-crore State Trading Corporation (STC) is quite confident of handling the evolving ...

CLIMATE & WEATHER: Wet weather on as cyclone remnant lingers
Scattered rainfall to continue over south peninsula. Thiruvananthapuram, Nov. 30 A remnant circulation from erstwhile cyclone Nisha lingered over the east-central and adjoining southeast Arabian Sea off the Karnataka-Konkan-Goa coasts on Sunday ...

WHEAT: World wheat output seen lower in 2009
Mumbai, Nov. 30 Low world wheat prices – currently quoting around $200 a tonne or even less – are expected to affect planting for 2009. Much of the reduction is likely to happen in the developed countries where there usually is ...

COIR: Coirfed in recast mode
The ongoing process of restructuring the Kerala State Cooperative Coir Marketing Federation Ltd (Coirfed) will be completed soon, said the Minister for Cooperation and Coir, Mr G. ...

SUGAR: Happy harvest
...

SPICES & CONDIMENTS: Poppy seeds prices down on supply glut
Kochi, Nov. 30 The current financial crisis world over seems to have impacted almost all the commodities in the global market with the prices of spices such as pepper, cardamom poppy seeds etc ...

TEA: Tea prices fall at Coonoor sale
Coonoor, Nov. 30 Prices generally dropped by Rs 4 a kg at Sale No: 48 of the Coonoor Tea Trade Association (CTTA) auctions on Friday despite the offer of 14.97 lakh kg being 3-week low as demand was ...

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Markets (Nov 29)

Nifty (at close)	2755.10(+2.85)
US Dollar (Buy/Sell)	50.07/10
Brent crude (a bbl) Rs	2,578
Gold (a gram) Rs	1,199
Silver (a kg) Rs	18,290

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Nov. 23-Nov. 29
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