The Hindu Business Line : Saturday, August 08, 2009

AGRI-BIZ & COMMODITIES

CULTIVATION: Monsoon clouds direction of economy’s growth
Rainfall deficit 25%; PM to review situation today. Chennai, Aug. 7 Clouds of worry hover over the Indian economy as the monsoon continues to play ...

OUTLOOK: Crop outlook dismal in AP
1,000 mandals out of 1,128 reported deficit rainfall. Hyderabad, Aug. 7 After four years of bountiful kharif seasons, the farmers in Andhra Pradesh are going to witness an unprecedented situation, with at least 1,000 mandals out of the 1,128 ...

CULTIVATION: Crop yields may drop 20% in UP
Paddy, sugarcane likely to be affected; power supply adds to woes. Lucknow, Aug. 7 Scanty rainfall has upset sowing of major Kharif crops in Uttar Pradesh, raising apprehensions of a drop of 20 to 30 per cent in yields this ...

RICE: Punjab, Haryana bet on paddy despite deficient monsoons
Delayed rainfall ideal for transplantation of basmati. New Delhi, Aug. 7 Hugely deficient monsoon rains have not deterred farmers in Punjab and Haryana from transplanting paddy, with the acreage under this water-guzzling crop registering only a ...

CLIMATE & WEATHER: Rains playing truant in Maharashtra
Fertiliser availability adds to problems in Marathwada. Mumbai, Aug 7 With the rains playing truant in Maharashtra, the coverage of cereals has declined nine per cent, foodgrains are down five per cent while oilseeds acreage has declined six per ...

AQUACULTURE: Karnataka Fisheries plans 50 retail outlets
To modernise ice plants, processing units in State. The Karnataka Fisheries Development Corporation (KFDC) is planning to set up around 50 retail fish outlets in the State in three years, according to Mr Ramachandar Baikampady, Chairman of KFDC. ...

CULTIVATION: It’s a different picture in Karnataka
Farmers show marked preference for cash crops. Bangalore, Aug. 7 More than two-thirds of the targeted 72 lakh hectares (lh) have been covered under various kharif crops in Karnataka, one of the few States to receive normal rains and ...

CLIMATE & WEATHER: Monsoon trough shifts South ahead of fresh rains
The monsoon trough has shifted a little to the South ahead of a hesitant recovery in rains over parts of East and North India and the peninsular ...

CULTIVATION: Gujarat emerges a silver lining
Gandhinagar, Aug. 7 At a time when many parts of the country are worried due to inadequate monsoon rains, Gujarat is looking forward to yet another satisfactory crop this kharif season. This is despite change in rainfall patterns and lack ...

CULTIVATION: Situation not yet alarming, says Bengal
Kolkata, Aug. 7 The ‘deficient’ monsoon in West Bengal is a cause of concern but the situation is not alarming as yet, according to a senior official of the State Agriculture Department. “We would like to wait till August ...

AGRICULTURAL INSTITUTIONS: Organic farm products exchange centres soon
Mangalore, Aug. 7 To provide a link between organic farmers and customers, the Karnataka Organic Farming Mission will set up organic products exchange centres in the State ...

SPICES & CONDIMENTS: Pepper futures hit upper circuit
Kochi, Aug. 7 The pepper futures market hit the circuit breaker on Friday on bullish operations, even though there was no buying support either from overseas or from the ...

PULSES: Revival of monsoon crucial for pulses
Scanty monsoon in Maharashtra and prospects of lower output seem to have taken a heavy toll on pulses, particularly tur. The prices of tur are ruling at Rs 100 a kg against Rs 45 a kg a year ago on the back of festival demand and short supply ...

TEA: Assam teas steady at North India auctions
Kolkata, Aug. 7 This week, good Assam CTC leaf teas sold at around last week’s levels but were at times dearer, according to auctioneers J Thomas & Company Pvt ...

FOODGRAINS: Maize crop prospects aren’t bullish
The crop outlook for maize (corn) does not look great now. The reasons are that States such as Bihar, Andhra Pradesh, Uttar Pradesh, Madhya Pradesh and Rajasthan ...

GENERAL INSURANCE: AP to launch weather-based crop insurance
The Andhra Pradesh Government will soon introduce a weather-based crop insurance scheme in the State this year. To begin with, the State will implement the scheme for chilly in Guntur district by September ...

SUGAR: Bleak future for sugar
Mr Prakash Naik Navre, Managing Director, Maharashtra State Cooperative Sugar ...

COTTON: Monsoon is not a source of worry for cotton
Mr D.K. Nair, Secretary-General of the Confederation of Indian ...

INSIGHT: Fertiliser subsidy — Falling short of goals
Fertiliser policy in India is plagued by subsidies that encourage unbridled imports, in the process undermining the position of the domestic industry, which is supposed to have benefited from these subsidies. It has yet to take into ...

Columnists: • G Chandrashekhar • Sharad Joshi

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Markets (Aug 7)

Nifty (at close)	4,481.40(-104.10)
US Dollar (Buy/Sell)	47.84/85
Brent crude (a bbl) Rs	3,450
Gold (a gram) Rs	1,391
Silver (a kg) Rs	24,505

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