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Monday, May 19, 2003

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AGRI-BIZ & COMMODITIES

HORTICULTURE/FRUITS & VEGETABLES


Squally weather hits banana growers
THE squally weather that prevailed in the last couple of days in the Tiruchi banana belt has uprooted most of the banana trees. With the harvest nearing completion, the occurrence of the dusty storm at this juncture resulted in the falling of ... More

RUBBER


Rubber price may rise
THE rubber market was generally bullish last week, backed by positive sentiment. Price of RSS 4 moved up by Rs 2 per kg to Rs 49 on Friday, May 16. Supply crunch on account of continuing summer showers and growers' expectation of a higher ... More

TEA


Anomalies in tea lots division upset trade
THE Tea Trade Association of Cochin (TTAC) has alleged that the anomalies in division of tea lots at the auctions with five per cent premium on knocked down prices have `adversely' affected the trade. Major tea traders here had raised this ... More

PRECIOUS METALS


Weak dollar pushes gold up further
CONTINUING its northward journey of last few weeks, gold established itself above $350 an ounce last week, helped mainly by downward pressure on the US dollar. After a disappointing price performance sparked profit-taking selling pressure ... More

BIO-TECH & GENETICS


Assocham sees vast scope in biotech
THE Associated Chambers of Commerce and Industry of India (Assocham) has estimated that by 2010 over $4000 million would be invested in India primarily in the areas of healthcare, agriculture, environment and food processing industries and that ... More

AGRICULTURAL INSTITUTIONS


Nabard staff to join strike
THE Nabard Employees Association, Thiruvananthapuram, affiliated to both the All-India Nabard Employees Association (AINEA) and the Bank Employees Federation of India (Befi), has decided to participate in the strike on May 21 called by major ... More

COTTON


Cotton futures may head north
NYCE cotton futures closed strongly higher on Friday on trade and speculative buying. However, trade selling continues to be strong on every up move. Prices sank to two- month lows on fears of cancellations by China because of a flu-like viral ... More

SPICES & CONDIMENTS


Pepper moves up on local demand
The Indian parity is at $1,550-1,600 per tonne. However, some of the exporters were exporting at $1,400-1,450 per tonne. More
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