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Friday, March 06, 2009
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AGRI-BIZ & COMMODITIES

EXPORTS & IMPORTS: Low output, domestic demand hit tea exports
Shipments drop by 4 mkg; production in South down 2.1 mkg. Chennai, March 5 A lower production in South India and a strong internal market combined to affect tea exports in January, according to ...

COMMODITIES: Inflation rate dips on cheaper primary items
Wholesale Price Index for all commodities at 227.6. New Delhi, March 5 Inflation slowed to the lowest since 2002, giving the Reserve bank of India room to add to Wednesday’s interest rate ...

RICE: Kohinoor Foods plans a big push for Basmati
Begins test marketing frozen foods. Chennai, March 5 The Rs 650-crore Kohinoor Foods is preparing for “a big takeoff” in India. Mr Gurnam Arora, Joint Managing Director of the company, told Business Line that the company is shoring ...

OILSEEDS & EDIBLE OIL: Oilmeal exports fall 42% in February
As global meat, poultry production stagnate. Chennai, March 5 Oilmeal exports declined by 42 per cent in February as global production of meat and poultry stagnated following financial crisis even as economic slowdown ...

CLIMATE & WEATHER: Summer showers over south peninsula from Sunday
An approaching easterly wave across south and southeast Bay of Bengal is expected to set off long-overdue summer showers over extreme south peninsula from ...

METALS: Mumbai to host seminar on metals market, price outlook
The international metals industry has been going through a tough time in the last six months with the collapse of metals prices following deepening concerns over global economic ...

AQUACULTURE: Under a cloud
...

SPICES & CONDIMENTS: NCDEX arm to launch spot pepper trade
Kochi, March 5 NCDEX Spot Exchange (NSPOT) is launching compulsory delivery contract of black pepper-garbled on its electronic platform from Friday. The delivery centre for the contract would be Kochi and the minimum trading lot one tonne. ...

RUBBER: Spot rubber increases on global cues
Kottayam, March 5 Spot rubber made moderate gains on Thursday. Another positive closing in the international indices kept the covering groups active during the session, sources said. Major ...

RUBBER: RubberMark seeks excise duty exemption
Kochi, March 5 Kerala State Co-operative Rubber Marketing Federation (RubberMark) has urged the Union Government to exempt all rubber co-operatives from paying Central excise duty on manufacture of rubber ...

TEA: Tea firms up on demand at Kochi auction
Kochi, March 5 Good demand from domestic players and exporters led to firm price trends at the Kochi ...


Columnists: G Chandrashekhar Sharad Joshi




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Markets (March 05)
Nifty ( at close)2576.70(-68.50)
US Dollar (Buy/Sell)51.83/87
Brent crude (a bbl) Rs2,373
Gold (a gram) Rs1,393
Silver (a kg) Rs23,345


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