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AGRI-BIZ & COMMODITIES

INSIGHT: Right time to enhance gold stocks
Gold constitutes an integral part of a country’s reserves. The stability of a country’s currency to some extent depends on the quantity of its gold holdings (see Table). The dollar started losing its sheen in the late 1960s, mainly ...

CULTIVATION: 45-50 lakh ha fall in area under kharif paddy likely
UP, Bihar worst hit; losses due to transplanting, moisture stress. The Centre expects a shortfall of 45-50 lakh hectares (lh) in the total kharif paddy area ...

SUGAR: Sugar prices hit record high on festive buying
Mumbai, Sept. 4 Despite various Government measures, sugar prices continued to rise and hit a record high on the wholesale market in Mumbai ...

WATER: Water level up in major reservoirs
Chennai, Sept. 4 With the monsoon being more active last week resulting in four per cent more rains than normal, the major reservoirs have witnessed better inflows ...

FARM CREDIT: Vijaya Bank sees higher credit demand from farm sector
Kolkata, Sept. 4 Vijaya Bank anticipates 20-22 per cent growth in credit and 18 per cent rise in deposits in 2009-10, according to its Chairman and Managing Director, Mr ...

CLIMATE & WEATHER: Well-marked ‘low’ sustains active monsoon conditions
The well-marked low-pressure area over northwest Bay of Bengal and adjoining coastal Orissa has become the hub of the currently active monsoon phase even as spokes extended to it from other parts of the ...

RUBBER: Spot rubber improves on global cues
Kottayam, Sept. 4 Spot rubber improved on Friday. The market seemed to be reacting favourably to the gains in the domestic and international rubber futures, though there were no fresh enquiries from the tyre sector. Sheet rubber firmed up to ...

INDUSTRY ASSOCIATIONS: UPASI annual meet on September 15
Coimbatore, Sept 4 The 116th annual conference of the United Planters’ Association of Southern India (Upasi) is scheduled to be held at Coonoor, on September ...

SPICES & CONDIMENTS: Pepper futures steady
Kochi, Sept. 4 The pepper futures market remained by and large steady with a marginal decline on limited activities. Both sellers and buyers were limited. September contract on NCDEX declined by Rs 43 to close at Rs 14,975 a quintal. October ...

TEA: Demand for Darjeeling teas at Kolkata sale
Kolkata, Sept. 4 This week, Assam CTC teas were barely steady and irregularly lower while Dooars teas followed a similar trend, according to tea auctioneers J Thomas & Company Pvt Ltd. Tata Tea operated actively with good support ...

Columnists: G Chandrashekhar Sharad Joshi




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Markets (Sept 4)
Nifty (at close)4,679.55(+85.65)
US Dollar (Buy/Sell)48.88/89
Brent crude (a bbl) Rs3,265
Gold (a gram) Rs1,418
Silver (a kg) Rs25,630


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