THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Monday, July 16, 2001

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Agri-Business

Agriculture
Wider participation in farm research mooted
THE Asia-Pacific Association of Agricultural Research Institutions (APAARI), a high-level association of agricultural policy makers, has called for increasing participation of non-governmental organisations, the private sector and farmer groups in agricu ltural research and development.

Soyabean prices may rise on US crop dip
SOYABEAN prices are expected to firm up during the current season on account of a decline in the US crop size and increase in the prices of other edible oils, particularly palmolein.

Commodities
Global coir fair from October 11
THE first-ever India International Coir Fair (IICF) will be held here during October 11-13.

Market intervention mooted to raise cotton output
TAMIL Nadu has witnessed a drop in cotton crop area during the last ten years and its productivity, too, has declined during this period.

Sugar
Govt may ease norms for sugar futures trading
WITH hardly any of the country's major commodity exchanges/associations evincing interest in conducting futures trading in sugar, the Government is considering temporary relaxation of some of stiff criteria it had laid down for setting up the proposed ex change.

`No trading exchange in Mumbai'
The Maharashtra State Cooperative Sugar Factories' Federation Ltd (MSCSFFL) has denied that it is planning to set up a futures trading exchange for sugar in Mumbai.

Tea
Good demand for dust variety at Kochi sale
A MIXED trend persisted for almost all varieties of tea at the Kochi tea auction. Though there was a good general demand in the dust sale, it was comparatively low in the leaf varieties.

Technical Analysis
NY Cotton vulnerable to another slide
New York Cotton Exchange cotton futures closed the week lower in spite of doing reasonably well for the entire week. High temperatures in the far western US added to upward momentum, as concerns grow regarding potential production losses. The market brus hed aside a widely anticipated negative USDA crop report amid technically driven short-covering and hot weather in Texas.

Malaysia palm oil may retract
Malaysia's palm oil futures witnessed an action packed week creating skyscrapers on the chart and reaching a 13- month high. Mainly, due to active short covering and trade- related buying, sparked by rises in Chicago and market-friendly June crop data. T he official Malaysian Palm Oil Board released the crop data, which said June palm oil output fell 6.11 per cent to 924,855 tonnes from 985,062 tonnes in May. This was the first decline in three months.


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