Financial Daily from THE HINDU group of publications
Wednesday, April 26, 2006
Agri Prices (Apr 25)
Sugar S-301916 (1921)
Ground ready477 (479)
Coconut oil ready4775 (4775)
Pepper garbled ready7100 (7150)


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AGRI-BIZ & COMMODITIES

WHEAT


Furness Australia arrives in Chennai with 50,855 t wheat
The first consignment of five lakh tonnes of Australian wheat arrived at the Chennai port on Tuesday through the bulk carrier Furness Australia. The ship carrying 50,855 tonnes of wheat docked at the port's West Quay in the afternoon, and ... More

INSURANCE


Govt to modify draft of agri insurance plan
The Union Government has decided to modify the draft of Modified National Agricultural Insurance Scheme (MNAIS), incorporating some important suggestions made by the Andhra Pradesh Government. Dr Y. S. Rajasekhara Reddy, the Chief Minister of ... More

RUBBER


Spot rubber tops Rs 90/kg
The physical rubber prices marked yet another record crossing the $2-mark on Tuesday. Sheet rubber RSS 4 went up to Rs 90and Rs 89.75 a kg respectively at Kottayam and Kochi from Rs 89.50 a kg on Monday. According to sources, certain tyre ... More

`Farmers to benefit from runaway rubber price'
Reacting to the news that natural rubber has crossed the historical mark of $2 a kg, Mr Sajen Peter, Chairman, Rubber Board, told Business Line that growers, particularly a million small farmers, have every reason for jubilation. "When ... More

SUGAR


Rajshree Sugars board meet on May 3
Rajshree Sugars and Chemicals Ltd has informed the Bombay Stock Exchange that its board would meet on May 3 to consider a proposal for raising additional long term resources by way of equity or equity related securities to meet ... More

Sugar weak
Sugar spot prices remained weak on the wholesale market on Tuesday on increased offerings. Small grade (S-30) was down Rs 5 at Rs 1,916/1,955 a quintal, while medium grade (M-30) was down Rs 10 at Rs ... More

TEA


Dept of Posts ventures into tea marketing
Ties up with United Nilgiri Tea Estates Co More

Tea hub
EVE POWER: Women taking tea leaves plucked from a garden to a factory on the outskirts of Guwahati in Assam. With onset of April, the peak plucking season for the tea industry has begun. Last year, the country produced a record 928 million kg of ... More

Smuggling of tea into Pak worries tea exporters
TARIFF ANOMALY More

GOLD & SILVER


Precious metals slip further
Precious metals continued to rule lower on the local bullion market on Tuesday due to continued offerings against stray buying interest coupled with weak overseas market. Silver (.999 fineness) spot was down Rs 1,135 at Rs 20,045 ... More

METALS


Platinum, palladium to stay firm
In 2006, platinum will return to surplus and prices will trade in the range of $980 to $1,250 an ounce, while palladium is expected to remain in surplus with prices trading in the $250-400 an ounce range, according to GFMS Ltd. In its latest ... More

OILSEEDS & EDIBLE OIL


Demand keeps soyameal exports buoyant
Shipments to Far-East, S-E Asia likely to continue even in June More

Palmolein up on buying
RBD palmolein and soya oil refined moved up slightly on fresh buying, while groundnut oil weakened on the local edible oil market on Tuesday on weak Gujarat advices. RBD palmolein was up a rupee to Rs 390 per 10 kg. Groundnut oil raw was down Rs ... More

SPICES & CONDIMENTS


Pepper futures decline
Exporters have slowed down their purchase. Also, holidays have affected market sentiments. Three buyers withdraw; $ falls More

Cardamom growers cut farm inputs
Effect of decline in prices More

GENERAL INSURANCE


Govt to modify draft of agri insurance plan
The Union Government has decided to modify the draft of Modified National Agricultural Insurance Scheme (MNAIS), incorporating some important suggestions made by the Andhra Pradesh Government. Dr Y. S. Rajasekhara Reddy, the Chief Minister of ... More

WTO


`Trade talks must go beyond agriculture'
Reiterating that the EU was not actually calling for reciprocity, Mr Fracisco da Camara Gomes, Ambassador, Head of Delegation of European Commission in India, Bhutan, and Nepal, said today that it was not enough if trade talks discuss only the ... More

REGULATORY BODIES & RULINGS


Trading in foreign commodity exchange terminals needs FMC approval
Real-time trading in a commodity by opening the terminals of foreign commodity exchanges in the country without prior approval of the Central Government or Forward Markets Commission (FMC), as the case may be, would be deemed as illegal. ... More

OUTLOOK


Record funds flow into commodities
Markets on a roll for a host of reasons More
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In Depth

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Looking back
Apr. 16-Apr. 22
Govt mulls allocating surplus foodgrains to poultry industry

Cashew exports slip 7% in 2005-06

Castorseed futures could continue to be bearish

Farmers hold back wheat as buyers queue up

Sops removed for EOUs, SEZs under job scheme

Sharp rise in precious metals

Growers may increase DCH-32 acreage

Rubber output may top 8.30 lakh t this fiscal

IOB sells 36 kg gold on launch day

Wheat Dec futures price tops Rs 1,000 a quintal

Pak team indicates doubling of Indian tea imports

`Caution needed for small investors to enter market'

NCDEX slaps special margin on wheat contracts



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