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Friday, February 04, 2005

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AGRI-BIZ & COMMODITIES

CULTIVATION


Project for organic market development launched
THE Indian Organic Market Development Project (IOMDP), undertaken by the Bangalore-based International Competence Centre for Organic Agriculture (ICCOA) for the development of organic market in the country, was launched here on Thursday. The ... More

COMMODITIES


Banks may be allowed to trade in commodities
IN what would give a huge boost to commodity futures trading, the Government is all set to allow banks to trade in commodity derivatives. The Reserve Bank of India, according to sources, has given its nod to amend Sections 6 and 8 of the ... More

FLORICULTURE


More farmers in Kodagu take to growing anthurium
ANTHURIUM cultivation as a commercial venture is slowly picking up in Kodagu district with public sector banks coming out with area-specific schemes. Commonly known as `Coorg anthurium,' this floriculture product has carved a niche for itself ... More

RUBBER


Technical meet on rubber in Pune tomorrow
THE Indian Rubber Manufacturers Research Association (IRMRA) is organising a one-day technical seminar on rubber compound and rubber components for rubber and allied industries on February 5 in Pune. This is the second such seminar being ... More

Rubber firm on covering buys
Quantity selling and slightly improved sentiments assisted most of the grades to recover from the initial losses towards mid-session. RSS 4 gained marginally to Rs 52.25 from Rs 52 at Kottayam and to Rs 52 from Rs 51.75 a kg at Kochi. The ... More

TECHNICAL ANALYSIS


Spot gold may head lower
SPOT gold prices are being supported strongly despite a 25 basis point rate hike by FOMC overnight. Had the Fed been more aggressive, the dollar may have firmed, which would have been bearish for gold. Markets also were waiting for the US ... More

COTTON


Low prices may fuel cotton use
A STEEP fall in global cotton prices caused by a sharp increase in production to record levels is expected to stimulate consumption to a new high. The price fall may also generate large inventory build-up and importantly, impact cotton plantings ... More

OILSEEDS & EDIBLE OIL


Groundnut oil prices may rule steady
DESPITE reduced inflows, groundnut oil prices, especially in Gujarat, may rule steady at current levels in the next few days due to restricted buying from oil packers and exporters. Groundnut oil (loose) prices of average quality at the ... More

SPICES & CONDIMENTS


Pepper prices turn cold as sellers press panic button
PEPPER prices dropped sharply on panic selling in futures and huge imports from other origins. The procurement operations by the Kerala Government since last month do not seem to have made any impact on the market so far. Spot prices ... More

Vietnam joins global pepper community
According to IPC sources, Vietnam, having considered the agreement establishing the IPC at Bangkok on Apr 16, 1971, has signed the instrument of accession. After the member-countries' decision is received, all states concerned will be ... More

EXPORTS & IMPORTS


Coffee exports down 6 pc on dip in production
COFFEE exports for the 2004 calendar year, tracking a lower crop, declined by about six per cent in quantity to 2.096 lakh tonnes compared to 2.224 lakh tonnes in 2003. In rupee value terms, exports during the year dropped by four per cent, while ... More


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