The Hindu Business Line : Monday, December 22, 2008

AGRI-BIZ & COMMODITIES

COMMODITY MARKETS: Gold’s fate linked to dollar movement
Currently, poor demand outlook remains the top of market concerns. Mumbai, Dec 21 Even 2008 draws to a close, it is becoming increasingly clear that all commodities market participants - traders, investors and others – will remember the ...

TECHNICAL ANALYSIS: Gold futures to test support levels
Gold futures ended sharply lower on Friday as the dollar rebounded and oil futures declined as global recession curbed demand decreasing the precious metal’s allure as a hedge against inflation. The recessionary fears are yet to show any ...

RICE: Rice procurement set to scale new peak
Private trade participation lacklustre. New Delhi, Dec. 21 Rice procurement by the Food Corporation of India (FCI) and State agencies is slated to touch a new record in the ongoing 2008-09 marketing ...

AQUACULTURE: Fishing for security
Any enhanced monitoring, control and surveillance of Kerala’s coasts should not be allowed to hamper ...

SPICES & CONDIMENTS: Overseas buying interest pushes up pepper prices
Kochi, Dec 21 Buying interest from overseas appears to have activated the Indian futures market during the latter part of the week pushing up the black pepper prices of all ...

CASHEW: Cashew Board to be set up in one of the bigger producing States
Kochi, Dec. 21 Though the government is still to take a final call on the location of the Cashew Board in the country, there is increasing possibility of it being set up either in Maharashtra, Andhra Pradesh, Goa, Orissa or Karnataka, some of ...

TEA: ‘Be prepared to face competition from Vietnam’
Coimbatore, Dec. 21 The Minister of State for Commerce and Power, Mr Jairam Ramesh, called upon the tea industry to be prepared to face competition from Vietnam, after signing the Free Trade Agreement in ...

TEA: Coimbatore tea auction goes online
Fiscal incentives would stimulate system use: Jairam Ramesh. Coimbatore, Dec. 21 The Minister of State for Commerce and Power, Mr Jairam Ramesh, signalled ‘hammer down, mouse up’ to mark the commencement of Web-based tea auction at ...

CLIMATE & WEATHER: Fog envelops plains as skies clear up in northwest
Thiruvananthapuram, Dec. 21 A strong anti-cyclone moving in from West Asia to India’s northwest border would be the significant atmospheric feature with a major say on the unfolding regional ...

COMMODITIES: Mentha oil may trade higher on strong demand
Mumbai, Dec. 21 Mentha oil prices may continue to rise on the back of domestic demand from FMCG and pharmacy industries. Spot prices in the Chandausi market have risen from Rs 518 a kg to Rs 625 in last one week due to lack of enough supply ...

TEA: North Indian teas see good demand
Kolkata, Dec. 21 During the last week, selected liquoring teas maintaining quality met with good demand and sold irregularly around last, while medium and plainer categories as well as teas showing a decline in quality were lower, according ...

TEA: Record prices at Coonoor tea auction
Coonoor, Dec. 21 New records were set up in the prices obtained by bought-leaf factories in the last auction for 2008 (Sale No: 51) conducted by Coonoor Tea Trade Association (CTTA) on ...

Columnists: • G Chandrashekhar • Sharad Joshi

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Markets (Dec 20)

Nifty (at close)	3077.50(+16.75)
US Dollar (Buy/Sell)	47.18/20
Brent crude (a bbl) Rs	1,963
Gold (a gram) Rs	1,190
Silver (a kg) Rs	18,100

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