The Hindu Business Line : Monday, April 07, 2008

COMMODITY EXCHANGES
Commodity trading turnover drops
Mumbai, April 6 Participants in futures trade on the commodity exchanges appear to be treading cautiously with inflation touching seven per cent as the Government had delisted wheat, urad, tur and rice when the rate was hovering around 6.5 per ... More

CLIMATE & WEATHER
Mercury set to reverse declining trend in northwest
Thiruvananthapuram, April 6 Consensus forecasts by domestic and international weather models indicate that maximum temperatures in the northwest may start looking up once the ‘offending’ high-pressure zone gradually lifts to beyond ... More

INFRASTRUCTURE
Govt committed to complete pending irrigation projects in AP
Srikakulam, April 6 The Congress Government is committed to completing the pending irrigation projects in Andhra Pradesh, “in spite of all hurdles being created by the Opposition, and usher in an era free of droughts,” according to ... More

TEA
‘Goodricke has no plans to buy sick tea gardens’
Kolkata, April 6 Goodricke Group Ltd will not attempt to acquire sick tea gardens because of the liabilities involved and the host of riders attached to such acquisitions. The company will also not subscribe to the Special Purpose Tea Fund, ... More

TECHNICAL ANALYSIS
Gold may consolidate
Comex gold futures ended higher on Friday, after crude oil ticked higher and the dollar slumped against the major currencies after a weak payroll data. Inflation worries, due to sharp rise in energy prices, boosted gold. Bullion, which is ... More

Cotton likely to test resistance
Cotton futures ended higher on Friday, inspired by a recovery in the grains complex. Next week’s moves in cotton futures would be determined by more switch trade, the performance of the grains markets and the data coming from the US ... More

BIO-TECH & GENETICS
NGOs, farmers plan anti-GM campaign
Hyderabad, April 6 Marking the global day of ‘Action against genetically modified (GM) crops and foods’ on April 8, several non-governmental organisations and farmers’ associations are planning protest rallies and dharnas ... More

FOODGRAINS
Agflation
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OILSEEDS & EDIBLE OIL
‘Govt must monitor veg oil prices’
While consumers are sure to benefit from the recent sharp lowering of customs duty on edible oils, the Central Government must stay vigilant on the price front to ensure that falling market prices do not hurt domestic oilseed growers’ ... More

Reduction in olive oil import duty welcomed
Chennai, April 6 The Indian Olive Association has welcomed the reduction in the customs duty rates on all grades of olive oil imported to India to 7.5 per cent from the previous rates of 45 per cent on virgin olive oil and 40 per cent on ... More

POULTRY
‘Conditions seen favourable for 12% annual growth in poultry market’
Study sees scope for processed meat on hygiene awareness More

SPICES & CONDIMENTS
Pepper futures drop on bearish trend
Pepper futures market has witnessed a fall during the week on bearish sentiments despite all the other origins remaining steady to firm.Indian parity continued to remain competitive at $3,900-3,950 a tonne. Availability of Asta ... More

COMMODITY MARKETS
NCDEX: Steel ingots futures set to correct lower
More

DERIVATIVES MARKETS
Cos mulling forward sales of carbon credits
The uncertainty over prices of carbon credits is prompting more Indian companies to enter into forward contracts and hedging their risks as against selling them on the spot market. Some of these companies include Dalmia Group, Gujarat State ... More

NSE-NCDEX team, NTPC plan separate power exchanges
New Delhi, April 6 Power major NTPC Ltd and the National Stock Exchange (NSE)-National Commodity and Derivatives Exchange (NCDEX) combine, who were earlier in talks to jointly set up a power exchange, are now in the process of floating ... More

MARKETING
APMC asks traders to shift to Baikampady
Mangalore, April 6 The Agriculture Produce Marketing Committee (APMC) here has urged the traders operating at Bunder area in the city to shift their operations to Baikampady in Mangalore. Addressing presspersons here on Saturday, Mr K. ... More

OUTLOOK
Better prospects could turn tea stocks hot
Global prices may maintain upward trend More