Financial Daily from THE HINDU group of publications
Wednesday, January 18, 2006
Agri Prices (Jan 17)
Sugar S301869 (1851)
Groundnut oil (ready)440/442
Coconut oil (ready)4650 (4750)
Pepper garbled (ready)6750 (6850)


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AGRI-BIZ & COMMODITIES

COMMODITY EXCHANGES


NCDEX signs MoU with Chinese bourse
The National Commodity & Derivatives Exchange Ltd (NCDEX) and the Dalian Commodity Exchange (DCE) of China on Tuesday signed a memorandum of understanding (MoU) to form a cooperative relationship that will mutually benefit both the ... More

RUBBER


Rubber prices at new peak on aggressive buying
SPOT rubber moved up driven by aggressive buying from covering groups and purchase agents. Moderate gains were added to all grades amidst extremely narrow arrivals. Sheet rubber RSS 4 closed at Rs 73.50 and Rs 73.25 a kg at Kottayam and Kochi ... More

TEA


Coonoor tea prices drop on low demand
PRICES fell by Rs 3 a kg at the second auctions for 2006 conducted by the Coonoor Tea Trade Association (CTTA) as the demand was inadequate to absorb the nearly 3 lakh kgs of increase in volume over the previous week. Nearly 30 per cent of the ... More

Tea trade concerned over frequent snags in e-auctions
TEA traders at Coonoor are irked by frequent disruptions in the electronic auction (e-auction) system. "A year has gone by and we have through this journey extended our support and cooperation to the Tea Board. But the problems persist and the ... More

PRECIOUS METALS


Are Chinese purchases moving gold market?
SCALING newer heights in recent weeks, gold is having a dream run. Breaking out of the $550-an-ounce psychological level, the yellow metal moved up to a multi-year high of $562/oz on Monday. Global liquidity, geo-political concerns, dollar ... More

METALS


Low price spurs palladium outlook
DEVELOPMENTS in the automotive industry can change the price relationship in the platinum group metals. Palladium may no longer be in the dumps, while the high-flying platinum market may be in for a correction. The price difference between ... More

COTTON


Rising domestic prices curb cotton exports
COTTON exports have begun to slow down as domestic prices have almost caught up with offers from buyers abroad. "Domestic prices are just Rs 2,000 a candy less than the rates offered for export. Taking into account the charges for ... More

COCONUT & COPRA


Turning innovative
A vendor arranging tender coconuts in North Chennai. The fibre in the tender coconut is removed so that it 5can be placed in refrigerators easily. Each tender coconut is sold between Rs 8 and Rs ... More

GENERAL INSURANCE


Weather insurance for wheat growers
IFFCO-TOKIO General Insurance on Tuesday announced the launch of a weather insurance policy for the wheat farmers in the country. The policy provides cover against potential loss in wheat yield, arising out of frost, heat stress due to adverse ... More

EVENTS


Vietnam seeks Indian expertise in tea, pepper cultivation
VIETNAM has sought Indian expertise for cultivation of tea, cashew nuts and pepper in that country. It has also sought Indian investment in select sectors of the Vietnamese economy. Addressing members of Bengal National Chamber of Commerce & ... More



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