Financial Daily from THE HINDU group of publications
Friday, August 05, 2005
Agri Prices (August 6)
Sugar 301881 (1886)
Groundnut oil ready498 (497)
Coconut oil ready5275 (5305)
Pepper garbled ready6400 (6400)


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AGRI-BIZ & COMMODITIES

CONTRACT FARMING


Super Spinning bid to boost extra-long staple cotton farming
WHILE cotton growers prefer to play safe by raising the medium and coarser varieties, Super Spinning Mills Ltd has been bold enough to encourage growers (covered under contract-farming) to take to the extra-long staple (ELS) cotton. "About 80 ... More

HORTICULTURE/FRUITS & VEGETABLES


Centre to provide subsidy for banana cultivation
IN order to encourage banana plantation in the country, the Centre plans to provide subsidy to the farmers to the extent of Rs 10,000 a hectare. "Since the cost of planting bananas is high at about Rs 26,000 a hectare, we plan to subsidise ... More

Going Bananas in Delhi
The Minister for Agriculture, Mr Sharad Pawar, at the Banana Festival in the Capital on Thursday.

More

RUBBER


Rubber falls further on global trends
DOMESTIC rubber prices continued to suffer heavy losses on Thursday. Panic selling by dealers and growers hammered the prices following another crash in major overseas markets. Trade enquiries from the industrial centres in Maharashtra and ... More

SUGAR


ISMA signs pact with oil cos for ethanol supply
THE Indian Oil Corporation Ltd (IOC), on behalf of all State-owned oil marketing companies (OMCs), on Thursday signed an agreement with the Indian Sugar Mills Association (ISMA) for sustained offtake of ethanol for blending it with ... More

TECHNICAL ANALYSIS


Spot gold may correct lower
SPOT gold prices rallied higher helped by a recovering Euro climbing to a two-month high, which makes dollar priced gold more attractive for investors. Fund and institutional buying has also lent support after some important technical levels were ... More

METALS


Copper, lead prices raised; zinc rates cut
ALL major metal producers have raised the prices for copper products by Rs 4,000 a tonne. They have, on the other hand, cut by Rs 3,600-3,800 prices of zinc products. Copper cathode (full) category price has been raised to Rs 1,77,900 a ... More

OILSEEDS & EDIBLE OIL


Duty evasion in vegoil imports continues
THE ingenuity of the edible oil importers to beat the system to evade customs duty seems to have no limit. After exploring possibilities such as invoice manipulation (under-invoicing of imports) as also mis-declaration of goods and quality, they ... More

CASHEW


Kerala HC suggests out-of-court accord on cashew nut row
A DIVISION Bench of the Kerala High Court has directed the Union Cabinet Secretary and the State Chief Secretary to see that the nine-year-old dispute between the Tribal Cooperative Marketing Development Federation of India Ltd (TRIFED) and the ... More

COFFEE


Coffee exports may dip to 10-year low — Growers, traders hold back stocks anticipating higher price
COFFEE exports are likely to decline to a 10-year low this calendar year as growers and traders hold back stocks in anticipation of better prices, according to Mr Ramesh Rajah, President of Coffee Exporters Association of India. In the first ... More

SPICES & CONDIMENTS


Cardamom prices gain
CARDAMOM prices improved by Rs 10-15 a kg thisweek at auctions held in Kerala and Tamil Nadu, presumably on reports of a possible crop loss due to vagaries of the weather. At the auction conducted by the Cardamom Processing and Marketing ... More


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