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Monday, August 25, 2008
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AGRI-BIZ & COMMODITIES

OUTLOOK: Gold under the mercy of dollar, oil prices
May get support from bulls if the price falls to around $800/oz. Mumbai, Aug. 24 Across the board, commodity prices have moved indiscriminately in recent weeks, raising debates over the basic causes of such volatility. Belief is now gaining ...

OILSEEDS & EDIBLE OIL: Fall in RBD, soya oil prices not to hit new PDS scheme
The Centre will continue to operate its newly launched scheme for subsidised distribution of imported RBD palmolein and soyabean oil, notwithstanding the sharp decline in both global as well as domestic open market prices over the last one ...

AQUACULTURE: Increase in focus on seabass culture
Culture of the popular seabass, a fish which is found along India’s coastal waters is gaining ground and popularity along the country’s vast sea coast. The Rajiv Gandhi Centre for Aquaculture had organised a harvest mela in which ...

COMMODITY MARKETS: Bearish undertone may change in coriander futures
Low crop output, export demand lead to sharp rise in prices. Mumbai, Aug. 24 The bearish undertone in coriander (dhaniya) futures in MCX and NCDEX may reverse in the short-term (1-2 months) as arrivals in the Rajasthan and Madhya Pradesh spot ...

COTTON: Cotton futures may rise higher
Cotton futures ended lower on Friday as the market gave up some gains from Thursday’s rally, amid spill-over pressure, while trade buying protected against a sharper sell-off. There is still a pressure from outside commodities markets, such ...

SPICES & CONDIMENTS: Tight supply position likely to push up pepper prices
Kochi, Aug. 24The pepper futures market during the week witnessed high volatility as the market appeared to have remained as a ground for the bear and bull operators’ competition. ...

TEA: 7 Darmona brands get into Rs 100 price band
Darmona Estate and Tea Industry has created records at Sale No: 34 of the auctions of Coonoor Tea Trade Association. ...

RICE: To build a ‘strategic’ grain reserve
There is no immediate plan to undertake open market sale of rice from Food Corporation of India’s (FCI) stocks, a top Food Ministry official ...

TEA: Strong demand for CTCs at N. India sale
Last week, the CTC teas once again met with strong demand at around last levels with selected fannings and dusts tending dearer at times. ...

FLORICULTURE: Anthurium exhibition in Kochi


COMMODITY EXCHANGES: Trading in non-demat form soon
National Commodity and Derivatives Exchange (NCDEX) will soon introduce non-dematerialised form of commodity trading in the country. The new system will bring down transaction costs for participants in commodity trading, Mr R. Ramaseshan, MD ...

AQUACULTURE: CIFT designs fibreglass boats for fishermen in Rajasthan
The Central Institute of Fisheries Technology (CIFT) has designed fibreglass reinforced plastic boats, which are to be introduced into the lakes and water bodies in Rajasthan for pursuing inland fisheries in the State. ...

AQUACULTURE: A toast to the coast
Recent events seem to indicate that the Kerala Government is taking an extra interest in development of its coastal regions. Close on the heels of the announcement of clearance from the Defence Ministry for the transhipment terminal at ...

TECHNICAL ANALYSIS: Gold to test support, rise higher
Gold futures ended lower as a rally in equities sparked off pre-weekend profit-taking and oil’s retreat only added to the bearish sentiment. Further pressure on the metal came as oil prices pulled back and easing Russia-Georgia tensions ...






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Markets (Aug 22)
Nifty (at close)4327.45(+43.60)
US Dollar (Buy/Sell)43.43/44
Brent crude (a bbl) Rs5,196
Gold (a gram) Rs1,115
Silver (a kg) Rs20,940


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