Agriculture
World grains market may see supply tightness
GLOBAL market for wheat and coarse grains is likely to witness supply tightness in the current year following weather induced production declines. With forecast global production trailing global consumption requirement by about 60 million tonnes, a consi derable drawdown of stocks will occur.

Floriculture
Floriculture bodies to join forces -- To seek Govt, FIs aid
THE floriculture associations of South India (SIFA), Western India (WIFA) and Northern India (NIFA) are coming together to form a Federation of Indian Floriculture Associations so as to plead their case unitedly with the Government and financial institut ions.

Technical Analysis
Correction due in NY cotton
New York Cotton futures posted small gains in an uneventful session of narrow price changes. Trading activity was dominated by light positioning ahead of the Labour Day weekend amid a general lack of fresh market-moving news. After failing to make much h eadway on the downside last week, prices are trying to recover and stabilise at these levels.

Palm oil rise likely after correction
Malaysia's palm oil futures is trying to recover from a correction as several support levels were breached in quick succession. Market participants are divided over whether the current correction is over. Market needs much stronger demand, particularly f rom India, to reverse the current negative trend. As India, the world's largest importer of edible oils, is likely to step up palm oil imports from mid-September ahead of a major Hindu festival there is some glimmer of hope. Much depends now on the Hindu festivals.

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