Financial Daily from THE HINDU group of publications
Monday, May 29, 2006
Agri Prices (May 27)
Sugar S301880 (1880)
Ground ready470 (470)
Coconut oil ready4850 (4800)
Pepper garbled ready7050 (7100)


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AGRI-BIZ & COMMODITIES

COMMODITY EXCHANGES
MetalJunction, NCDEX to offer coal futures
Join hands for metal products More

WHEAT
World wheat supplies tightening
International wheat market is firming up because of a combination of factors including weather uncertainties, tightening supplies, renewed speculative interest and emergence of import demand from India and Iraq. As sellers and buyers weigh ... More

PULSES
Low buying interest could hit lemon tur
Lemon Tur futures prices are likely rule weak this week on lack of fresh buying interest from dal mills coupled with speculative selling by some operators. Lemon tur (Myanmar origin) June contract prices were down Rs 120 on Friday to Rs 1,873 ... More

INSIGHT
Sugar sector: Divergent trends in UP, Maharashtra
UP emerging top producer, but recovery rate still higher in Maharashtra More

HORTICULTURE/FRUITS & VEGETABLES
Mango show in Hyderabad
The Andhra Pradesh Horticulture Department is going to organise a three-day exclusive `Mango show' beginning June 1, putting on display over 200 varieties. Addressing a press conference here on ... More

Blooming business
A FARM WORKER in Thiruvananthapuram packs flower and foliage cuttings bound for florists in Chennai and Coimbatore. More than Rs 10 lakh worth of orchids and ornamental varieties of the banana plant family are exported from Kerala to Tamil Nadu ... More

RUBBER
Spurt in rubber prices may not hit manufacturing sector
Rubber prices have reached yet another milestone as it touched Rs 100 a kg. In response to a question about the unprecedented rise in rubber prices and its impact on the consuming sector, Prof. K.K. Abraham, a spokesman of the producing sector ... More

TEA
Coonoor tea rises on better demand
Prices rose Rs 2-3 a kg over the previous week at the auctions of the Coonoor Tea Trade Association (CTTA) here on Friday as the demand picked up in the backdrop of the tea chest lifters withdrawing their strike. Nearly 60 per cent of the teas ... More

Good export enquiries at Kochi tea sale
Medium CTC dust tea grades witnessed good enquiries from exporters, at the Kochi tea auction. All round general demand supported the price of good liquoring CTC varieties, which generally remained steady. Other CTC varieties remained irregular ... More

TECHNICAL ANALYSIS
Gold futures may test support, rise
Gold recouped earlier losses to regain $650 an ounce in light pre-holiday trading Friday, on the evacuation at the US Capitol in Washington after a report of gunfire. The bullish sentiment has been dampened due to the recent sell-off, but prices ... More

BIO-TECH & GENETICS
Workshop on agri biotech
The Federation of Farmers' Associations (AP), in association with Acharya NG Ranga Agricultural University (ANGRAU) and Tuskegee University (the US), will organise a workshop on `Fostering the next ... More

OILSEEDS & EDIBLE OIL
Madurai oil delegation to visit Malaysia
A 35-member team from Madurai Oil and Oil Seeds Association (MOOSA) will be leaving for Malaysia on a four-day business trip from June 27-30 to familiarise themselves first-hand with the production and business techniques of palm oil-based ... More

Palm oil likely to test resistance
Malaysian crude palm oil futures ended higher on Friday due to short-covering ahead of a holiday on Monday in CBOT. CPO futures have been under pressure triggered by fears of lower exports and rising production. Higher crude oil prices will ... More

SPICES & CONDIMENTS
Positive trend building for pepper
Good pressure to liquidate Sri Lankan pepper by stockists, especially in Delhi, had a negative impact on the futures market, trading sources here told Business Line. The stockists and importers are clearing the stocks of imported Sri Lankan ... More

AGRICULTURAL POLICY
AP plans to promote fisheries
The Andhra Pradesh Government has chalked out a programme to promote fisheries segment involving setting up of modern fish complexes in all the districts and developing lakes located in the coastal districts to take up fish breeding. This was ... More






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Looking back
May. 21-May. 27
STC rules out change in wheat tender

Rice procurement set to touch all-time high

Further weakness likely in gold prices

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Global tea output dip fails to ignite Indian prices

Hindalco in pact with MP Govt for greenfield aluminium smelter

Rubber output may go up as rain-guarding rises

Market has room for upside in yellow metal

World coffee output, exports decline

Wheat arrivals rise as prices begin to decline

Cotton output seen at record 244 lakh bales

Lanka unearths illegal spice exports to India



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