The Hindu Business Line : Monday, May 22, 2006

Coonoor tea price drops
Following the strike of the tea chest lifters who are demanding more wages, the buyers expressed hesitation to purchase at the auctions of the Coonoor Tea Trade Association (CTTA) here on Friday which led to a decline of around Rs 2 a kg over the ... More

Good demand lifts Kochi tea prices
Good general demand propped up the price of well liquoring CTC and below medium bolder CTC dust varieties at the Kochi tea auction. There was 10,82,000 kg of dust tea on offer at the auction, in which CTC dust generally eased by Re 1 to Rs 2. ... More

TECHNICAL ANALYSIS

Palm oil may test support level
Malaysian crude palm oil futures ended lower on Friday triggered by fears of lower exports and a correction lower in soya oil prices in CBOT. The ringgit, however, lost its strength to the relief of the market and will be ignored for a while now. ... More

COMEX gold futures may rise
Gold futures tumbled lower on fund liquidation and investors rushed to take profits wrapping-up the worst week for commodity bulls, since four years of growing interest in the asset-class. Comments by the US Treasury Secretary John Snow that the ... More

GOLD & SILVER

Further weakness likely in gold prices
Sentiment rather fragile given the speculative length More

IOB sells 225 kg gold in 1st month
In the first month of launching its gold trading business, Indian Overseas Bank sold 225 kg of the precious metal for a value of Rs 20 crore. "The first consignment (of 200 kg) has been completely sold out. The second consignment ... More

COTTON

Cotton prices bearish on higher arrivals, lower mill buying
More

OILSEEDS & EDIBLE OIL

China, Pak teams to attend meet on rice bran oil
The 9th national meet on rice bran oil, organised by The Solvent Extractors' Association of India (SEA), is being held in Mumbai on May 27 and some 250 delegates from within the country and abroad are expected to participate in the ... More

Castorseed seen dipping further
Castorseed futures prices may fall further this week on steady supply in Gujarat amid limited local demand, despite reports of fresh export deals. Castorseed August delivery prices on Ahmedabad Commodity Exchange (ACE) declined Rs 64 to Rs ... More

SPICES & CONDIMENTS

Equities, $ may help pepper gain
The pepper futures market was by and large steady on Saturday compared to the situation on Friday. However, the prices of all the positions at Saturday close showed a decline when compared to the closing price on May 13. The May delivery on ... More

OUTLOOK

Crude could be in ranges in short term
Prices may drop to $60-63 a barrel after stabilising around $65-66 More