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FINANCIAL EXPRESS FRONT PAGE

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Monday, June 28, 1999

Forex Update

Elections, Kargil fears force BJP to keep essential commodity
The BJP-led coalition at the Centre is taking extra precautions to keep the prices of essential commodities under check at least till the end of the forthcoming parliamentary polls.

Celanese yarn enters domestic markets
Yarn as well as fabrics made from re-forested wood pulp and acetic acid has entered the country for the first time as celanese acetate yarn.

Oil prices up as inventories drop
Oil prices soared Wednesday, causing a sympathetic upturn in oil shares, following news that nationwide inventories fell sharply last week, traders said.



  Plantation workers threat to strike work may put tea industry
  Polyester texturised yarn units in distress
  Commodity Briefing
  Pepper prices volatile
  Turkey ups price cap to $2.7 bn in Baku-Ceyhan pipeline project
  Monsoon brings cheer to castor sector
  Glencore bids highest for US cobalt
  Vietnam coffee trade slows on low quality prices
  Low global demand for tea affects auction prices
  Japanese rubber market seen drifting lower, stocks up



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