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AGRI-BIZ & COMMODITIES

TOBACCO: Virginia tobacco prices hit Rs 150 kg-mark
Andhra Pradesh production estimated at 78.34 million kg. Rajahmundry, May 13 Virginia tobacco prices crossed the Rs 150-a-kg mark for the first time in Andhra Pradesh on Wednesday on the five floors in the northern light soils of the west ...

CLIMATE & WEATHER: Monsoon lag in Bay, Kerala may spring a surprise
India Meteorological Department (IMD) has started an unofficial `count-down' prior to declaring monsoon onset conditions even as the Bay of Bengal weather kept forecasters on their ...

COTTON: Cotton body lowers output estimate
Arrivals lesser than expected. Mumbai, May 13 Cotton Association of India (CAI) has lowered the total production estimate by 4.25 lakh bales (lb) for the cotton season ending September 30 to 292.50 lb against 296.75 lb estimated ...

WTO: Heed Lamy
Eight long years after the Doha Round began, the world is still unable to strike a consensus on farm subsidies and related issues such as market access. If a sense of frustration over the seemingly intransigent attitude of developed countries ...

COMMODITY EXCHANGES: NSPOT launches chana contract
Mumbai, May 13 NCDEX Spot Exchange Ltd (NSPOT) on Wednesday launched chana desi contract with delivery centre at ...

RUBBER: Spot rubber stays weak
Kottayam, May 13 Spot rubber ruled weak on Wednesday. According to observers a leading tyre manufacturer was buyer on sheet rubber during the session at lower levels. The grade surrendered to Rs 96.50 from Rs 97.50 a kg following the declines ...

OILSEEDS & EDIBLE OIL: Sanwaria Agro Oils expanding capacity
Mumbai, May 13 Sanwaria Agro Oils plans to invest Rs 125 crore for producing value-added products such as soya flour (200 tonnes a day), soya nuggets (100 tonnes a day) and vanaspati (50 tonnes a day). It will also set up a 150 tonnes a day ...

PLANTATIONS: Wet cocoa beans command good price
Mangalore, May 13 The price of wet cocoa beans has touched a new high with Central Arecanut and Cocoa Marketing and Processing Cooperative (Campco) Ltd offering Rs 33 a kg for its ...

SPICES & CONDIMENTS: Marginal fall in pepper futures
Pepper futures market on Wednesday declined marginally on bearish sentiments. Dullness prevailed in the domestic market as the dealers in north India are waiting for the election results to come on ...

COMMODITIES: Will more central banks buy gold as reserve asset?
Report of China buying gold from domestic sources over the last six years may actually have more significance than meets the ...

Columnists: G Chandrashekhar Sharad Joshi




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Markets (May 13)
Nifty (at close)3635.25(-45.85)
US Dollar (Buy/Sell)49.70/71
Brent crude (a bbl) Rs2,864
Gold (a gram) Rs1,363
Silver (a kg) Rs23,835


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