The Hindu Business Line : Monday, June 19, 2006

COMMODITY EXCHANGES
Jeera could see speculative selling
Jeera futures prices are likely to rule steady to weak this week on speculative selling by some operators amid sluggish domestic and export demand. Spot prices at Unjha marketyard in Gujarat were up Rs 50-60 at Rs 6,564 a quintal on Friday over ... More

RICE
India, Pak team up to file GI for basmati
India and Pakistan will jointly seek Geographical Indications (GI) registration in Europe and the US for basmati rice, according to the Union Minister of State for Commerce, Mr Jairam Ramesh. Speaking to newspersons, he said that India had ... More

CLIMATE & WEATHER
`Classical type' monsoon revival ruled out
Contrary to projections, there has been noticeable deterioration in the dynamics associated with the reviving monsoon during the last 24 hours prompting forecasters to scale down their expectations of the event. The revival will not be of a ... More

CULTIVATION
Kharif crops see gains in coverage
Sowing in oilseeds, maize witness fall More

HORTICULTURE/FRUITS & VEGETABLES
AP reduces price of mushroom spawn
The Andhra Pradesh Government has decided to reduce the price of mushroom spawn (seed) to Rs 30 per kg from Rs 40 per kg, according to a press release from the Department of Horticulture. The idea is to promote the cultivation ... More

PLANTATIONS
Tapioca project from BoI
Bank of India, in association with the Central Tuber Crops Research Institute (CTCRI) here, has launched a cassava (tapioca) project aimed at empowering the women in rural areas through entrepreneurial development. Styled `Star Agrind Cassava ... More

TEA
Small tea growers seek assured price
Reduction in sales tax of tea sought More

TECHNICAL ANALYSIS
Palm oil may test support, dip
Malaysian crude palm oil futures ended lower on Friday due to continuance of lack of any positive fundamental triggers. Fears of lower exports and the subsequent effect on stocks are starting to take its toll on prices. This coupled with ... More

Gold may test resistance, fall
Gold futures surged higher on Friday on bargain hunting after the last couple of week's fall to three month lows. A firmer dollar and the uncertainty surrounding interest rates capped further gains. Gold is often viewed as an alternative ... More

GOLD & SILVER
Gold buying set to pick up
Retailers look to large volumes in festive season as prices are off recent highs More

METALS
OECD indicators positive for metals
Developed economies cruising ahead in production More

SPICES & CONDIMENTS
Pepper futures prices decline despite favourable conditions
The pepper futures market during the week witnessed decline in nearby and long positions due to speculative liquidation and huge outstanding positions. The low prices for Jun position continued to influence other nearby positions. Activities ... More

COMMODITY MARKETS
Sentiment fragile in bullion market
Market likely to remain nervous, volatile in short term More

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Top Stories
Kharif crops see gains in coverage

Rate hike spectre hangs over bond markets

Gold buying set to pick up

OECD indicators positive for metals

DLF IPO to hit the market by July 15

Dangers, doubts, wringing of the conscience

India, Pak team up to file GI for basmati

Looking back
Jun. 11-Jun. 17
Global vegetable oil prices likely to firm up

Pulses importers upset

Wheat prices gain on Centre's signals

Wheat tender bypasses Plant Quarantine Order

Sharp decline in precious metals

Jairam Ramesh moots new dept for plantation

Kuwait expects crude to stabilise at $65-70

Govt cuts tariff values for vegoils