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Friday, June 18, 2004

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AGRI-BIZ & COMMODITIES

COMMODITY EXCHANGES
IPSTA online trading terminal in Wayanad
THE India Pepper and Spice Trade Association (IPSTA) opened its first online trading terminal, outside Kochi, at Sulthan Battery in Kerala's Wayanad district on Thursday. With the introduction of online trading, the farmers in general could ... More

FARM CREDIT
Banks may offer fresh loans to defaulting farmers
WITH the Government trying to create a human face for reforms and the Ministry for rural industries pushing for more farm-finance, bankers under the aegis of the Indian Banks' Association on Thursday met to draw up a scheme for distressed ... More

RUBBER
Rubber prices may rule firm despite slight fall
NATURAL rubber prices are likely to rule firm this year, though they may decline to Rs 57-59 a kg level (for RSS-4) in the next couple of months. ``The prices are expected to be volatile this year. Though prices may come down in the near-term, ... More

Prices flare up further on active buying
The gap between the demand and supply positions widened on continuous covering purchases and sheet rubber RSS 4 closed at Rs 65 against Rs 64.50 a kg on Wednesday. Monsoon rains continued to disrupt the tapping process putting further ... More

`Rubber exports unlikely to touch last year levels'
RUBBER exports are unlikely to touch last year's record level as international block rubber prices are ruling lower than the domestic price, industry sources say. ``Even if an incentive of Rs 10 is offered, we cannot export block rubber at the ... More

TECHNICAL ANALYSIS
Spot gold prices to consolidate
GOLD prices headed lower as the volatility in the dollar kept prices in a eight to ten dollar range moving both ways as the markets now focuses on the US interest rates more closely ahead of the FOMC meeting at the end of the month. The dollar ... More

FOODGRAINS
FAO sees fall in global cereal stocks
WITH tightening global inventory, cereal prices around the world are poised to rise and the world cereal market could face volatile conditions in 2004-05 because availability may not match the expected consumption even though production prospects ... More

AGRICULTURAL INSTITUTIONS
Icrisat posts turnaround performance
THE International Crops Research Institute for the Semi-Arid Tropics (Icrisat), which had undergone a financial slump in the late 1990s, has reported $500,000 surplus budget last fiscal. Donors are stated to be once again putting their trust and ... More

Nabard sanctions Rs 28.16 cr for Kerala
THIRUVANANTHAPURAM: The National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 28.16 crore to the Kerala Government, says an official press release. The amount is to be used to implement 21 minor irrigation ... More

SPICES & CONDIMENTS
Spicy contraband
Sacks of spices stacked at the Ernakulam South Railway Station for being sent by rail to upcountry markets. Most of these consignments are allegedly brought from the spices growing areas without paying sales tax. ... More




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