Financial Daily from THE HINDU group of publications
Friday, November 18, 2005
Agri Prices (Nov 17)
Sugar S301840 (1840)
Groundnut ready450 (456)
Coconut oil (ready)4750 (4850)
Pepper garbled (ready)6600 (6600)


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AGRI-BIZ & COMMODITIES

COMMODITY EXCHANGES


NCDEX, MCX plan long-term crude futures
THE National Commodity and Derivatives Exchange (NCDEX) and Multi Commodity Exchange (MCX) are planning to approach the Forward Market Commission (FMC) to launch long-term contracts for attracting serious risk hedgers in the market. The FMC ... More

RUBBER


Rubber subdued on buyer resistance
Sheet rubber RSS 4 declined to Rs 65 a kg at Kottayam and Kochi from Rs 65.25 a kg on Wednesday. Extremely favourable weather and the absence of major manufactures initiated the downtrend and the covering groups expect sheet rubber to touch ... More

TEA


Frostbite likely to cut Nilgiri tea output
FROSTBITE is likely to reduce the Nilgiri tea crop in the coming weeks if present weather conditions continue, according to experts and planters. The past week has seen single-digit night temperature, with Wednesday touching six degrees ... More

TECHNICAL ANALYSIS


Spot gold may rise higher
SPOT gold prices rose sharply higher hitting multi-year highs, helped by global inflationary fears and heightened concerns of geo-political uncertainty. Gold has diverged from its recent tight inverse relationship to the dollar as investment ... More

OILSEEDS & EDIBLE OIL


Vegoil availability projected to rise
WITH the kharif 2005 oilseeds output up by over eight per cent to 133.7 lakh tonnes, as estimated by the trade, and considering the record production of cottonseed (84.9 lakh tonnes) and the unchanged output of copra (6.5 lakh tonnes), vegetable ... More

SPICES & CONDIMENTS


Rains add to woes of vanilla growers
THE incessant rains this year have adversely affected vanilla vines in some plantations in Kerala resulting in susarium disease, which is likely to reduce production during the current season. Harvesting has already commenced in the plains, ... More

Cardamom prices steady despite heavy arrivals
CARDAMOM prices ruled steady at auctions held in Kerala and Tamil Nadu during the week despite heavy arrivals. However, the market witnessed an upward trend compared with the prices on November 10. From the average price of Rs 212.43 a kg at ... More




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Nov. 6-Nov. 12
Chilli pulls down H1 spices export

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