AGRI-BIZ & COMMODITIES
COMMODITIES
Commodities as building blocks
With rising incomes, there is propensity to spend more on apparel and clothing. The textile industry is poised for a boost in the global market. The phase-out of quotas and the end of the Multi-Fibre Agreement have provided a shot-in-the-arm for the industry.
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RUBBER
Spot rubber ends flat
Spot rubber closed flat on Saturday. The market remained almost inactive with extremely thin volumes. Sheet rubber closed unchanged at Rs 87 and Rs 87.50 a kg respectively at Kottayam and Kochi as on Friday. Futures ...
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TECHNICAL ANALYSIS
Cotton futures may consolidate, rise
New York cotton futures ended higher on speculative buying as the market shrugged off a negative USDA report. Markets barely reacted to the monthly supply/demand report of the US Agriculture Department since almost all of the changes in the data ...
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