THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Monday, August 06, 2001

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Agri-Business

Agriculture
Oilseeds output set to recover
CONTRARY to alarmist projections on production of oilseeds in general and groundnut in particular for the kharif 2001 season made by the Agriculture Ministry's National Crop Forecasting Centre, there are definite indications of a recovery in output. albe it small, as compared with last year kharif.

Hybrid cotton dwarfs regular varieties
WITH the private seed producing companies taking to hybrid seed production in full swing, cotton farmers are left with no option but take to hybrid cotton cultivation.

APITCO study outlines scope for coir trade in Andaman
A STUDY conducted by the Andhra Pradesh Industrial and Technical Consultancy Organisation (APITCO) on behalf of the Coir Board has identified the potential for establishing coir-based industrial activities in the Andaman and Nicobar Islands.

Aquaculture
Shrimp prices slip further in Japan
SHRIMP prices continued their downward spiral in the Japanese markets well into July.

Horticulture
`Coconut industry should look for value-addition'
THE coconut industry should look for value-addition as a way out of the present price slump which has affected the entire gamut of the sector, from coconut growers to downstream product manufacturers as edible oil.

Tea
Growing labour unrest in N. India tea gardens
AS opposed to the common perception, industrial relations in the tea industry of West Bengal and Assam are quite harmonious despite differences between trade unions and garden owners over minor issues such as living conditions and productivity.

Technical Analysis
Good scope for uptrend in NY cotton
NY cotton futures closed slightly higher last week as funds covered short positions with an eye on locking in profits for the end of the month and the quarter. The funds have shifted position, and prices are not going down anymore. A tropical storm is in the making and is expected to hit the delta next week. Many were skeptical that Tropical Storm Barry would cause any harm to the cotton crop along the US Gulf Coast.

Reversal likely in Malaysia palm oil
Malaysian Palm oil saw yet another bullish week with mild profit-taking at higher levels. Prices rose to their highest levels in 20 months lifted by speculative buying by players hoping to ride the wave of fresh advance. Gains in Chicago soyaoil futures and talk of tight domestic supply helped the rise too.


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