Business Daily from THE HINDU group of publications
Wednesday, November 21, 2007
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Agri Prices (Nov. 20)
Sugar S301325 (1325)
Ground ready650 (650)
Coconut oil ready4950 (4925)


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AGRI-BIZ & COMMODITIES

INSIGHT
Seven-step formula to save Vidarbha farmers
The NGOs seek a total farm debt cancellation, which the State government is reluctant to concede because of financial implications. The deadlock has to be broken — and quickly — to save precious farmers’ lives. R.C. MURTHY suggests a seven-step package that would keep the lending institutions afloat and would make no fresh demands on the farmer. More

Andalusia: The cradle of olives
As our bus traverses the centre of the Andalusian region in Southern Spain, famous for dense olive groves that can sometimes stretch across hundreds of kilometres, it soon becomes evident how and why Spain is the largest world producer of olive ... More

RUBBER
Bearish mood grips spot rubber
Kottayam, Nov. 20 The physical rubber market declined further on Tuesday. The sentiments continued to remain bearish fearing further slip in prices. RSS 4 moved down to Rs 94 a kg from Rs 94.75 and 94.50 a kg respectively at Kottayam and Kochi ... More

SUGAR
TN permits 5 sugar mills to raise alcohol output
Chennai, Nov 20 Five private sector sugar mills in Tamil Nadu and three standalone distilleries have been allowed to expand their alcohol production capacities, according to sources in the know. Apart from being the single largest ... More

TEA
Tea availability may be lower in 2008
‘Domestic market holds bigger promise; no carryover stock this year’ More

Global tea output up 39.5 mkg
Coonoor, Nov. 20 Global tea production so far this year has increased by 39.46 million kg over the corresponding period last year to touch 1,348.42 mkg. An analysis of the information available with the Tea Board and International Tea ... More

AGRICULTURAL INSTITUTIONS
TN farm varsity & IIT-M to help rural innovators
Project to be funded by US–based Lemelson Foundation More

COTTON
Cotton lint prices stay firm
Coimbatore, Nov 20 Cotton lint prices remained firm during the week with exports continue to drive the market despite the lack of buying support from domestic textile industry.The momentum of seeded cotton arrivals across the markets ... More

Cotton arrivals peak; plans to launch Bt futures contract
Mumbai, Nov 20 Cotton arrivals have peaked after a slowed down due to Diwali and rains in many parts of the country. In Punjab, Haryana and Rajasthan the desi variety is quoted between Rs 1,600 and Rs 1720 per maund (approx 20 kg) in the spot ... More

OILSEEDS & EDIBLE OIL
Cottonseed oil cake drops on contract expiry
Mumbai, Nov. 20 Cottonseed oil cake (cocud) futures on NCDEX fell 1.62 per cent to Rs 339 per 50 kg on expiry of November contract. “Prices at the Akola spot market was also weak due to lack of demand,” said a trader.Taking ... More

SPICES & CONDIMENTS
Declining trend continues in pepper
Kochi, Nov. 20 Pepper futures market continued its declining trend as other origins remained much below the Indian parity for want of buying support. Indian pepper was out-priced with the prices ruling at $3,700 a tonne (c&f).In the ... More

Increase in arrivals
More

EVENTS
Neem meet to focus on ‘safe & health world’
Coimbatore, Nov 20 The Organising Committee of the World Neem Conference, starting here tomorrow, is leaving no stone unturned to ensure that the global event turns out to be a “a memorable and useful” event.Participants ... More

EXPORTS & IMPORTS
Indian basmati gets a leg up from Iran
To mainly import par-boiled ‘Super’, likely to top 3 lakh tonnes More

OUTLOOK
Gold may zoom to $900-1,000 next year
Driven by weak dollar, high crude oil prices More






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P-Note blues

Union Budget 2007-08

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Nov. 11-Nov. 17
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Additional Rs 50/quintal bonus for paddy


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