The Hindu Business Line : Thursday, August 17, 2006

CLIMATE & WEATHER
Another depression, but Bay isn't finished yet
The upper air cyclonic circulation over North Bay of Bengal descended to become a `low' in quick time, spinning furiously later to undergo two rounds of intensification to end up as a depression on Wednesday. The system is moving ... More

PULSES
Nafed commences pulses sale in TN
The National Agricultural Cooperative Marketing Federation (Nafed) has commenced sales of imported pulses in Tamil Nadu as an intervention measure to control prices. According to official sources, urad (black matpe) imported from Myanmar is ... More

HORTICULTURE/FRUITS & VEGETABLES
Dearer again
FLOOD EFFECT: A trader checking tomatoes at a retail outlet in Delhi. Prices have gone up again in view of low arrivals. Supplies have declined to a third of the normal level due to floods in the major growing areas of Maharashtra and Gujarat. ... More

RUBBER
Mixed trend in spot rubber
A mixed trend was observed in spot rubber on Wednesday. Continuous rains all over the plantations kept sheet rubber steady at Rs 93 a kg at Kottayam even in the absence of major buyers on the grade. But it declined to Rs 92.50 at Kochi from Rs ... More

SUGAR
Lower global prices, elections add to sugar mills' woes
The fall in global sugar prices is bad news for the domestic industry on two counts. First, it makes exports less attractive, even in a scenario where the Government lifts the current ban. Mills were talking about the possibility of shipping ... More

Rs 266-cr plan to expand AP co-op sugar factories
The sugar sector in Andhra Pradesh will get a major boost in the next few months with the State Government going ahead with the Rs 266-crore plan for expansion and modernisation of seven factories. The seven co-operative factories are in ... More

TEA
Storm brewing in ICWAI's tea-cup
The job assigned to the ICWAI is not a post-mortem examination of income and expenditure of tea companies but essentially some kind of a live-auditing. More

Coonoor tea sales volume at 15-week low
Low offers at the auctions of the Coonoor Tea Trade Association (CTTA) continued with the volume catalogued for Sale No: 33 this week being the lowest of the last 15 weeks. Only 9.72 lakh kg has been catalogued for the sale to take place ... More

Nilgiris tea growers to plead case in Chennai
Urge Central subsidy of Rs 2/kg More

GOLD & SILVER
Silver may turn bearish
Pulls and counter-pulls and choppy market conditions restrain commodity fund managers from taking a view on precious metals, especially gold. The settings, however, are ideal for exploring jobbing opportunities. While there is underlying ... More

OILSEEDS & EDIBLE OIL
Import of vegetable oils slows down
Soyabean oil makes significant gains at the cost of palm group of oils More

CASHEW
Tuticorin port offers incentives for raw cashew import
Ports vying to offer sops to attract cargo More

POULTRY
SKM Egg Products bullish on exports
Good demand for egg yolk, albumen More

SPICES & CONDIMENTS
Pepper futures move up on buying support
Pepper futures increased on buying interest, with physical market influencing the movement. Markets moved up despite bearish reports. Enquiries are coming from overseas markets. Some business had also taken place at $2,335-2,350 a tonne (c&f), . More

OUTLOOK
Sugar mill margins may come under pressure
Crash in global prices could lead to lower realisation More

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Truck rentals on trunk routes fall

LIC plans Bima Gold clone launch in September

Import of vegetable oils slows down

Lower global prices, elections add to sugar mills' woes

Privatisation with market, price protection?

Insurance cos brace up for flood claims in Surat

Looking back
Aug. 6-Aug. 12
Fundamentals continue to keep crude prices firm

Mills saddled with excess molasses, alcohol

Oilseeds acreage dips

Water levels satisfactory in majority of reservoirs

`Hurricanes may push crude beyond $80'

Bunching of imports driving up wheat prices

Selling pressure on dollar to help gold

Automated peeling machine — A solution to sago, starch-making sector