Monday, May 31, 1999
Corporates put on hold debt plans as markets turn edgy
A string of corporates have temporarily shelved plans to float bonds as nervousness has gripped the domestic debt market, triggered by the Indo-Pak skirmishes in Kargil area of Jammu & Kashmir.
Edible oil imports shoot 300% in first half
Edible oil imports during the six months to April 1999 has shot up to 14.2 lakh tonnes, almost 300% higher than in the first half of last year's oil year (November-October) when the imports were reported to be 4.4 lakh tonnes.
Kochi pepper improves marginally
Pepper prices continued its upward movement from last week gaining about Rs 100 per quintal during week ending May 29. After closing the previous week with considerable gains at Rs 18,700 per quintal, this week opened with spot pepper fetching Rs 18,900 per quintal. June offerings too improved to Rs 19,050 per quintal last Monday and on Friday it went up to 19,135 per quintal.
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