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AGRI-BIZ & COMMODITIES

COMMODITIES: Inflation plummets to 0.44%
No respite for consumers as food prices stay high. New Delhi, March 19 The annual Wholesale Price Index-based inflation inched closer to zero in the first week of March, setting the stage for the Reserve Bank of India to cut interest rates ...

EXCISE AND CUSTOMS: Import duty on soyabean oil scrapped: Pillai
New Delhi, March 19 The Government has done away with the 20 per cent customs duty on crude soyabean oil imports in order to keep it on par with imported palm oil that is currently allowed ...

COMMODITIES: WPI inflation of 0.44% provides aam aadmi no solace
New Delhi, March 19 If the annual wholesale price index (WPI)-based inflation plunging to near zero is yet to be ‘felt’ by the ...

RICE: Consumer preference driving up prices of rice
Drop in arrivals from Andhra Pradesh buoys rates. Chennai, March 19 Higher support prices for paddy, increased consumer preference for branding and tight supplies have contributed to a hike in retail prices of rice. But consumers have a wide ...

INSIGHT: Farm sermons
Food and agricultural crops were the focus of global attention during the commodity bull run of 2006-08 when most markets were on a high and prices reached unprecedented levels. Weather-induced crop losses, excessive liquidity and ...

OILSEEDS & EDIBLE OIL: Confusion over duty move on soya oil affects markets
Views over impact mixed; futures fall to maximum permitted level. Chennai, March 19 The confusion over scrapping of the Customs duty on soyabean oil affected the global and domestic markets with futures on the National Commodity and Derviatives ...

METALS: ‘Radical cost restructuring vital to metal sector recovery’
Report sees opportunity in global stimulus plans. Bangalore, March 19 With plummeting commodities prices, frozen credit markets, and diminishing demand, many metals manufacturers are being forced to take drastic measures in order to survive. ...

CLIMATE & WEATHER: Above normal pre-monsoon showers likely
Thiruvananthapuram, March 19 International weather models are now indicating normal to above-normal pre-monsoon showers across most of the country with a likely ‘seasonal peak’ being scaled during the month of ...

SPICES & CONDIMENTS: Pepper falls on liquidation
Kochi, March 19 The pepper futures market declined on Thursday on technical ...

RUBBER: Spot rubber prices gain marginally
Kottayam, March 19 Physical rubber prices showed a better trend on Thursday. Moderate gains in the domestic futures kept traders visibly active during the session. According to an analyst, the break above Rs 75.00 level indicates the ...

EXPORTS & IMPORTS: Morarka Organic makes retail debut with ‘Down to Earth’
Mumbai, March 19 Morarka Organic Foods, suppliers and exporters of organic foods, has entered the organised retail business with the launch of its first outlet in Mumbai. Branded as ‘Down to Earth’, the retail outlet sells over ...

TEA: Tea arrivals improve at Kochi sales; price steady
Tea arrivals improved at the Kochi tea auction, especially at the leaf tea segment, arresting further upsurge in prices. The summer showers, which had lashed some tea growing areas during last week, could increase fresh tea arrivals in the ...

Columnists: G Chandrashekhar Sharad Joshi




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Markets (March 19)
Nifty (at close)2,807.15(+12.45)
US Dollar (Buy/Sell)50.52/54
Brent crude (a bbl) Rs2,371
Gold (a gram) Rs1,422
Silver (a kg) Rs22,615


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