The Hindu Business Line : Wednesday, September 10, 2008

AGRI-BIZ & COMMODITIES

EXPORTS & IMPORTS: Gold imports witness surge, reverse declining trend
International prices tumbled in August. Mumbai, Sept. 9 The sharp fall in gold prices has led to a steep rise in imports which had been recording a drastic decline from April onwards. ...

SUGAR: Rising molasses prices hit liquor, chemical firms
Manufacturers turn to imports now. New Delhi, Sept 9 The tight supply position in sugar is spilling over to molasses and rectified spirit, with prices going through the roof much to the discomfiture of liquor companies and alcohol-based ...

PLANTATIONS: Upasi wants plantations off Minimum Wages Act
Union Govt’s intervention sought. Coonoor, Sept 9 Aggrieved over the way some of the State Governments have gone implementing the minimum wages fixing machinery, the plantation industry on Tuesday urged the Centre to delete the sector ...

TEA: Tea stocks turn attractive on improving fundamentals
Analysts expect price to go up by 30% year-on-year. Analysts are turning bullish about tea stocks of late as domestic and export prices of the commodity are going up steadily. According to Mr Rajesh Agarwal of CD Equisearch and Mr Ajay Jaiswal ...

TEA: Simultaneous re-launch of e-auctions in tea planned
Launch likely in November at 6 auction centres. Coonoor, Sept. 9 The Tea Board plans to re-launch electronic auctions simultaneously from all the six auction centres by the end of this ...

SPICES & CONDIMENTS: Cardamom prices steady on buying support
Kochi, Sept 9 Cardamom prices ruled steady at the auctions held in Tamil Nadu and Kerala last week and on Monday on good buying support from upcountry dealers. ...

CORPORATE FARMING: ITC’s leaf tobacco arm launches 5-year expansion plan
Based on integrated pest management, organic farming. Mysore, Sept 9 Indian Leaf Tobacco Development Division (ILTD), ITC Ltd’s leaf tobacco arm, has taken up a major portfolio expansion to move into organic spices and medicinal and ...

SPICES & CONDIMENTS: Pepper futures market rebounds
Kochi, Sept 9 Pepper futures market bounced back on Tuesday following positive reports from the US market and lack selling pressure on the ...

PESTICIDES: AP to pilot campaign for safe, judicious use of chemical pesticides
Hyderabad, Sept. 9 With a view to promoting wider and judicial use of chemical pesticides in agriculture, the Agrochemicals Policy Group (APG) has teamed with Confederation of NGOs in Rural India (CNRI) to launch the campaign ...

RUBBER: Spot rubber stays steady
Kottayam, Sept 9 Physical rubber prices finished almost steady on Tuesday. ...

COMMODITY EXCHANGES: NMCE launches revamped coffee futures
Mumbai, Sept 9 National Multi-Commodity Exchange of India (NMCE) has re-launched futures trading robusta ...

OILSEEDS & EDIBLE OIL: Emami Biotech commissions Haldia plant
Kolkata, Sept. 9 Kolkata-based Emami group outfit, Emami Biotech, has commissioned its edible oil plant at Haldia. Mr Aditya V. Agarwal, Director of Emami Biotech, told Business Line that the plant has a capacity of 1,000 ...

INSIGHT: War on the commodities markets
About six months ago, the cries over rising prices started getting shrill. The UPA Government found itself in a spot. It was difficult for the knowledgeable Members of Parliament from the Congress Party to explain the high tide of inflation. The ...

COMMODITY EXCHANGES: NCDEX thermal coal futures
National Commodity and Derivatives Exchange (NCDEX) plans to launch futures trading in thermal coal from Wednesday. Initially, the October, November and December contracts will be available for trading and subsequent new contracts would be ...

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Markets (Sep 09)

Nifty (at close)	4468.70(-13.60)
US Dollar (Buy/Sell)	44.87/88
Brent crude (a bbl) Rs	4,561
Gold (a gram) Rs	1,087
Silver (a kg) Rs	19,010

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