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Markets

Monday, May 18, 1998

	Tea prices down on increased supplies Tea auctions at all the centres in South India -- Kochi, Conoor and Coimbatore -- and Calcutta have traded increasing quantity of tea, but prices have come down because of large-scale availability.		Cement recession seen bottoming out Cement makers are finally building up hope that the worst recession for the Industry is over. It is reported that the prices have started climbing upward, spelling sudden rewards for the gritty players who withstood the bad times playing volumes game.
	Lower supplies hit Tamil Nadu edible oil market The Tamil Nadu edible oil market is caught in a strange bind with little hopes of improvement in the poor supply scenario in the immediate future. However, there are fewer chances of prices rising despite the widening gap between demand and supply.		Venture-capital funding for agro business mooted Speaking at a recent seminar organised by the Confederation of Indian Industry (CII) on agricultural financing, chairman and managing director of Bank of Baroda, K Kannan said that the Venture-capital funding could be a better option to viable agri projects. He further reiterated that to equip entrepreneurs with required skills, it will be necessary for banks to educate farmers on project, risk management techniques and usage of latest technology.

Coffee Board to assist Tripura project
The Coffee Board has signed a memorandum of understanding with the Tripura government to develop additional coffee lands in the state under the Ninth Plan. At present, the total area under coffee cultivation is around 853.6 hectare, made up of 36.55 hectare of arabica and 817.05 hectare for robusta, covering all four districts.

Fall in demand pushes rubber to record low
Unbridled imports and a drastic fall in consumption by the tyre industry drove the natural rubber prices to its record low during the last fiscal. Import of natural rubber hit the record 25,000-tonnes mark during the financial year 1997-98 while the derived demand from the tyre sector was estimated to have declined by 10% to 13%.

Nuke tests rock pepper market
Subsidising agro-imports detrimental to growth
Neem sector in total disarray
Scientists find scarcity of honeybees cause for fruit loss in Himachal
"Minimum price to be fixed for each commodity"
Raunaq Finance puts investors in a spot
Rain in south brings cheers to tea industry
Tyre industry headed for recession
Calcutta tea prices slide further; CTC eases
Improve quality at low cost
Smuggled silk dominates yarn prices
Tanzanite latest craze in gem world
Union agriculture minister not keen on cotton mission
"It's suicidal to cut steel production now"
Pharma exports may shrink in fiscal '98-99
TN chemical traders go for aggressive marketing
Fertiliser output maintains positive trend
Phthalocyanine shows sharp rise in exports
Minister's move to prop up rubber prices will squeeze STC funds
Kerala big guns oppose trawling ban
Commodity Briefing