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Tuesday, June 09, 2009
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AGRI-BIZ & COMMODITIES

COMMODITY MARKETS: Downturn: Agri-commodities prices less volatile than metals
Farm goods supplies influenced by vagaries of weather. Agri-commodities have shown far less price volatility relative to the metals and energy space in the aftermath of the global ...

GOLD & SILVER: NMCE plans launching new gold products soon
Likely to launch wheat futures trading this week. Ahmedabad, June 8 National Multi-Commodity Exchange of India Ltd is looking to consolidate its position in the bullion market by launching innovative gold products within ...

OILSEEDS & EDIBLE OIL: Oilmeals export drops 64% in May
A drop in production of meat and lower demand for compound feeds resulted in oilmeals export continuing to decline for the fifth straight month. The solvent extractors industry is, however, bullish about its prospects in view of the crop failure ...

INSIGHT: How strong is dollar-commodities link?
One of the most enduring perceptions in global markets is about the inverse relationship between the US dollar and commodity prices. In fact, such an inverse relationship and of the causation – running from the dollar to commodities — ...

HORTICULTURE/FRUITS & VEGETABLES: Kerala Horticulture Mission takes up ambitious projects
The State Horticulture Mission (SHM), Kerala, the nodal agency for implementing the programmes of the National Horticulture Mission (NHM), is set to launch a unique programme under the National Medicinal Plant Mission, to promote cultivation ...

INSIGHT: NGOs in agriculture
In the article ‘NGOs in agriculture’ (Business Line, May 5), the author has bracketed all agricultural NGOs as dishonest, anti-market and anti-technology. Such a view is unfair and uncalled for. The ground realities ...

SPICES & CONDIMENTS: Pepper futures steady
Pepper futures market remained by and large steady on Monday with marginal decline in June and July contracts while August moved up slightly as both the bulls and bears were ...

CLIMATE & WEATHER: Monsoon turns lull again, to revive in 2 days
The monsoon has once again run into a brief lull after winds erred in direction and speed, but numerical weather prediction models indicated that the rains would revive from ...

EXPORTS & IMPORTS: AP Girijan co-op aims for Rs 220-cr turnover
The Girijan Cooperative Corporation (GCC) here is aiming at turnover of Rs 220 crore during the current financial year from the level of Rs 200 crore in 2008-09. The corporation is also enhancing the procurement rates of forest produces such ...

RUBBER: Sheet rubber rules firm
Kottayam, June 8 Spot rubber showed a mixed trend on Monday. The market activities were dull as there were no promising reports from the domestic and international rubber futures. Sheet rubber closed steady at Rs 100 a kg amidst extremely ...

TEA: Coonoor tea turnover rises Rs 17 cr
Coonoor, June 8 Producers who sold their teas through the 22 auctions conducted by the Coonoor Tea Trade Association (CTTA) in the five months of 2009 have earned Rs 17.03 crore more than in the same months of ...

AQUACULTURE: Fishing ban along Karnataka coast from June 15
Mangalore, June 8 The deep-sea fishing ban will come into force in three coastal districts of Karnataka from June ...

Columnists: G Chandrashekhar Sharad Joshi




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Markets (June 08)
Nifty (at close)4,429.10(-157.90)
US Dollar (Buy/Sell)47.55/56
Brent crude (a bbl) Rs2,476
Gold (a gram) Rs1,364
Silver (a kg) Rs22,250


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