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Monday, January 03, 2005

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AGRI-BIZ & COMMODITIES

FARM CREDIT


Vijaya Bank extends agri-loans in Kerala
KOCHI: Vijaya Bank will disburse loans of Rs 100 crore in the agricultural sector in the State in the current financial year, Mr Shantahram Shetty, Deputy General Manager, has said. The directive of the Union Government to double the ... More

SUGAR


Mills blame speculators for spurt in sugar prices
EVEN as cola majors, mithai makers, ice-cream manufacturers and other bulk consumers are crying foul over spiralling sugar prices, the domestic sugar industry has blamed speculators, who, they say, are making a killing on account of the ... More

TEA


Coonoor tea prices touch 5-year high
PRICES at the auctions conducted by the Coonoor Tea Trade Association (CTTA) rose to a five-year high in 2004. With all the auctions for the year having ended, an analysis of the price trend indicates that the average price obtained in 2004 was ... More

TECHNICAL ANALYSIS


Cotton futures may move up
NYCE cotton futures finished at a one-month high on Thursday on speculative short-covering from market participants in the year's last trading day. The cotton market was shut on Friday in observance of New Year. Fibre contracts also derived ... More

OILSEEDS & EDIBLE OIL


Govt clamps excise duty on interesterified oil
THE Finance Ministry has clamped an excise duty of Rs 1.25 per kg on interesterified fats on par with that currently charged on vanaspati. The Government had, with effect from April 30, 2003, levied a specific excise duty of Rs 1.25 per kg on ... More

SPICES & CONDIMENTS


Pepper steady on buying support
PEPPER prices remained steady during the week on buying support. Spot prices remained steady at Rs 7,200 for MG 1 and Rs 6,900 for un-garbled a quintal throughout the week. Last week closing on December 22, prices of MG 1 and un-garbled were Rs ... More


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