Business Daily from THE HINDU group of publications
Thursday, May 31, 2007
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AGRI-BIZ & COMMODITIES

WHEAT
Wheat import tender scrapped
Prices quoted `too high'; fresh tender may be floated in July More

Global wheat prices may come under pressure on STC move
Domestic market seen stable; boost to crops from rains More

CLIMATE & WEATHER
Monsoon waits for fresh southerly surge
Wet spell likely to continue till June 8; circulation could intensify into a cyclone More

PULSES
Firm trend
LOWER OUTPUT: Chana (chickpea) being packed at a shop in Kochi, Kerala. Chana prices are likely to remain firm on drop in output in major producing States such as Madhya Pradesh and Rajasthan due to heavy rains and lack of carryover stocks. ... More

RUBBER
Rubber Board invites bids for materials
Planting materials are available for the current season, according to a press note issued by the Rubber Board. For this, the Board has invited applications. The materials are ready for distribution from the Boards' central nursery at Karikkattoor ... More

Spot rubber rules steady
Domestic spot rubber ruled steady on Wednesday. The market opened weak but improved subsequently as TOCOM recovered from its initial losses on fresh buying and short covering at lower levels. RSS 4 closed flat at Rs 880 a kg at Kottayam, while it ... More

TEA
Low volume continues at Coonoor tea sales
With the arrival of fresh tea continuing to be low, the catalogue for this week's auctions at the Coonoor Tea Trade Association (CTTA) totalled only 7 lakh kg. Although the volume is some 65,000 kg higher than the previous week, the overall ... More

DAIRY & DAIRY PRODUCTS
NDDB to help promote dairy sector in Jharkhand
National Dairy Development Board (NDDB), Anand, will soon sign a memorandum of understanding (MoU) with the Jharkhand Government to promote dairy development in that State. This was decided following a two-day visit of Ms Rajbala Verma, ... More

SPICES & CONDIMENTS
Pepper futures up a tad on buying support
Pepper futures market witnessed slight improvement on buying support on Wednesday. There were no ready sellers. Exporters were covering from the exchanges for shipping out. State Warehousing Corporation has made available some space and ... More

VENTURE CAPITAL
YES Bank sets up $100-m fund for farm sector
YES Bank on Wednesday launched a $100-million (approximately Rs 400 crore) private equity fund called the Food and Agribusiness India Fund. The objective of the fund is to invest in around 10-15 companies in the food and agribusiness ... More






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