The Hindu Business Line : Saturday, June 10, 2006

FARM CREDIT
Karnataka Bank targets Rs 620-cr farm credit
Karnataka Bank Ltd has proposed to disburse Rs 620 crore of fresh credit to agriculture sector during 2006-07. A bank release said here on Wednesday that the Chairman and Chief Executive Officer of the bank, Mr Ananthakrishna, finalised this ... More

CLIMATE & WEATHER
Monsoon weakens — Dry phase likely to continue for 8-10 days
After a spectacular early entry, the south-west monsoon has entered a weak phase and "is not likely to get revived during the next eight to 10 days", the India Meteorological Department (IMD) has warned. The subdued rainfall activity, an IMD ... More

COMMODITIES
Cheaper food, textile items control inflation
Wholesale Price Index closes at 201.3 points More

RUBBER
Rubber futures turn weak
The rubber futures turned weak on NMCE. Traders preferred to reduce their holdings as the reports from leading intentional markets were discouraging. Though the near months June and July contracts finished in green on lingering ... More

SUGAR
Sugar firm
Sugar spot prices ruled firm on the Vashi wholesale market on Friday .Small grade (S-30) was up Rs 7 at Rs 1,890-1,935 a quintal, while medium grade (M-30) was steady at Rs ... More

TEA
Higher volume at Coonoor tea sale
A huge volume of 11.67 lakh kg was catalogued for the Coonoor Tea Trade Association auctions held here on Thursday and Friday. This is the second highest volume so far for the year. Earlier, the highest volume of 12.6 lakh kg was offered for ... More

GOLD & SILVER
Precious metals decline further
Precious metals fell further on the local bullion market on Friday in the absence of continued buying interest coupled with weak overseas market. Standard gold prices were down Rs 110 at Rs 9,135 per 10 gm from Rs 9,245 per 10 gm. Pure gold ... More

BIO-TECH & GENETICS
Cotton-growing States unite against Monsanto
Urge Centre to implead with them on Bt pricing issue More

Pricing of Bt cotton should be market-driven, says Monsanto
`Farmers, not Govts, should judge the price of private company seeds' More

Bt cottonseed producers face uncertain future
Legal wrangle may erode revenues by 35% More

DAIRY & DAIRY PRODUCTS
Heritage Foods MD buys stock
The Vice-Chairman and Managing Director of Heritage Foods (India) Ltd, Ms N. Bhuvaneswari, has acquired 22,345 shares of the company between May 25 and June 6 through market purchase. The company has informed the stock exchanges that following ... More

AGRICULTURAL INSTITUTIONS
Nabard to raise Rs 11,000 cr through bonds, loans
The National Bank for Agriculture and Rural Development (Nabard) will raise Rs 11,000 crore from the market, its Chairman Dr Y.S.P Thorat, has said. Dr Thorat said the bank would require Rs 14,000-15,000 crore during the current year, of which ... More

OILSEEDS & EDIBLE OIL
RBD palmolein rules weak
RBD palmolein and crude soya oil weakened further on the local edible oil market on Friday on continued offerings amid stray buying. Imported crude soya oil was down Rs 3 at Rs 377 per 10 kg. RBD palmolein was down Rs 4 at Rs 397 per 10 kg. ... More

COFFEE
Centre plans Rs 600-cr fund to finance coffee re-plantation
The Union Government proposes to set up a Rs 600-crore special purpose fund to finance the re-plantation of coffee in 90,000 hectares over five years. The Minister of State for Commerce, Mr Jairam Ramesh, said the details of the fund, likely ... More

Monsooned Malabar unprotected
The Coffee Board is contemplating to go in for the registration of Monsooned Malabar, a variety of speciality coffee, under the Geographical Indications of Goods Act, Mr Ramesh said. "Monsooned Malabar coffee is like the Darjeeling tea and we ... More

SPICES & CONDIMENTS
Pepper futures decline
However, some business is said to have taken place on Thursday with the US at $1,650 a tonne (c&f) for later positions. June delivery is quoted below spot price and it is negatively affecting the market, sources told Business Line. ... More

WTO
OECD in favour of continuing farm reforms
Report highlights advantages of lower trade protection More