Friday, September 5, 2008

AGRI COMMODITIES NEWS

*Govt extends ban on 4 COMMODITY futures (till Nov 30)…..as per estimates, since ban was imposed, RUBBER prices in India rose by 12%, SOY BEAN OIL and CHANA by 4% each, only POTATO prices fell by 12% (IE)

*COMMEXES’ turnover rises 45% in August (compared to last year) (BS)

*COTTON production seen at 32.5 million bales for crop year ending Sept 2009 (FE)

*RICE, OILSEEDS acreage up; CEREALS, PULSES decline (FE)

*The Commission for Agricultural Costs & Prices (CACP) recommends SMP of Rs 125/Q for SUGARCANE in 09-10 (ET)

*Bihar floods take a toll on PADDY (BL)

AA : The Asian Age

BL : Business Line

BS : Business Standard

CM : Capital Market

ET : The Economic Times

FE : Financial Express

HT : The Hindustan Times

IE : The Indian Express

RS : Rashtriya Sahara

TOI : Times of India

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