Financial Daily from THE HINDU group of publications
Tuesday, June 07, 2005
Agri Prices (July 26)
Sugar 301837 (1850)
Groundnut oil ready480 (480)
Coconut oil ready5290 (5350)
Pepper garbled ready6200 (6200)

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AGRI-BIZ & COMMODITIES

COMMODITY EXCHANGES


Crude futures catching fancy of bullion, equity investors
CRUDE futures offered by the Multi Commodity Exchange (MCX) are no longer the exclusive domain of the corporate sector. Other investors are now getting hooked to it. While the corporate sector, hedging the risk on crude, continues to be the ... More

WHEAT


Wheat stocks plummet to 14.3 mt
Low wheat stocks with official agencies would not only put a question mark on food security, but the Government's social welfare programmes like food-for-work and the proposed employment guarantee scheme could also be severely constrained. More

RUBBER


Monsoon arrival boosts rubber
THE rubber market firmed up as southwest monsoon has set in all over the State with widespread showers. Though a majority of the growers are reported to be using rain guards since the prices are ruling high, the market operators forecast further ... More

TEA


Khaitans acquire Magors' tea gardens for Rs 170 cr
THE Khaitans today announced that they had bought the 17 Assam tea gardens of the London-based Magors, their earlier partners, for approximately Rs 170 crore. With this development, the Khaitans are slated to become the world's largest bulk tea ... More

97 pc workers subscribe for shares in Kanan Devan
SETTING the tone for what is likely to be the formation of the biggest participatory management company in the world, 97.16 per cent of the total workforce of Kanan Devan Hill Produce Company Ltd have subscribed to the company's maiden share ... More

Small tea growers abandoning harvest
SMALL growers in some pockets of Nilgiris district are now reportedly abandoning the harvest as the factories are refusing to take the increased arrival of the raw material. "Following the recent rains, the crop has increased 10 times. So, ... More

Coonoor tea prices dip on low demand
TEA prices dipped to new lows at the auctions of the Coonoor Tea Trade Association (CTTA) held here last week as demand was far inadequate to lift the huge volume on offer. There was a general fall of Rs 2 a kg over the previous week. A ... More

PRECIOUS METALS


Speculation driving gold higher
GOLD has recovered impressively since last weekend with prices rising above $420 an ounce, eventually ruling at $424.30-425.30 on Monday morning, with short covering encouraged by its resilience to hold support above $415/oz. The strong ... More

COTTON


Centre agrees to subsidise cotton export from Maharashtra
THE Centre has agreed to subsidise export of cotton produced in Maharashtra by Rs 500 per bale, according to a State Government official. The Government decision is expected to help the State to liquidate part of its cotton stocks of 30 lakh ... More

Cotton prices dip below MSP in TN
COTTON growers in the Southern districts of Tamil Nadu are agitated over the fall in the prices of summer cotton. With the full-throated harvest expected to commence anytime after June 15, the farmers' grievances have already attracted the ... More

SPICES & CONDIMENTS


`Flavourit' brand spices sales top Rs 10 lakh
"The highest demand has emanated from Gujarat followed by Kerala, where the visiting tourists have been the main buyers." More

TRENDS


CPI(M) seeks relief for the project displaced in AP
ANDHRA Pradesh Rythu Sangham, affiliated to the CPM, is organising a State-level farmers' convention next week in Hyderabad to discuss the problems faced by farmers and displaced persons in view of several irrigation projects being taken up by ... More


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Looking back
May. 29-Jun. 4
Silver rallies on ETF launch buzz

Pepper prices continue to fall

GEAC move to amend rules for approving Bt cotton — Rift between Monsanto sub-licencees, others widens

Gold plunges to 3-month low on euro fall

Concessional import quota for edible oils, corn unchanged

NGO's 2-pronged strategy to help raise milk yield

Campco wins order to export arecanut to Pak


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