Iron Ore Exports Fall 45 Per Cent In June Says Study - July 31, 2009

Due to lower demand from Chinese steel producers and commencement of monsoon affecting shipments, India's iron ore exports slipped 45% to 5.6 million tonne in June over the previous month. Sesa Goa, MSPL, Roongta Mines, Chowgule and Mineral and Metal Trading Corporation are some of the top iron ore exporters in the country.

The major reason for this is that the Chinese steel makers were negotiating with global iron ore majors on pricing of ore in June hence; due to this Indian exports were hit as steel companies in China postponed purchases eager to witness steep price cuts from ore suppliers.

Additionally, heavy rains also added to the woes of exporters, mostly in Goa, as it adversely impacted supplies to the major ports.

However, the state alone accounts for around 40% of the country's total exports. On the other hand, the country's iron ore exports in June remained flat compared with same month last year.

Whereas, iron ore exports in the April-June quarter stood around 26 million tonne, the same as the corresponding quarter the previous year.

However, Chinese steel makers are still negotiating with global suppliers like BHP Billiton and Rio Tinto asking for price cuts of up to 50% on annual long term iron ore contracts.

The price at which ore will be supplied to China will become the standard price for domestic market. Globally, iron ore prices increased more than 25% to $80-90/tonne early this month from $65/tonne in March.

Around 80% of the country's ore exports go to China, while the balance goes to Japan and Korea. India produces close to 200 million tonne of iron ore every year.

However, the steel ministry is in favour of restricting iron ore exports to China, South Korea and Japan to ensure availability of the raw material to domestic steel companies.

Area Under Paddy In Kerala Falls - July 31, 2009

Thiruvananthapuram: The area under paddy cultivation in Kerala is reporting fall over the years despite rice being the main food grain in the State. The total area under paddy in 1961-62 was 7.53 lakh hectares, which increased to 8.76 lakh hectares in 1975-76. Since then, there has been regular fall in the area, which reached 2.29 lakh hectares in 2007-08.

This represents a decrease of 73.86 per cent in the area over a period of 32 years, despite rising trend in paddy cultivation at the national level, according to the latest study report brought out by the Economics and Statistics Department.

Spot Rubber Present The Greater Than Firm - July 30, 2009

Kottayam: On Wednesday, the physical rubber prices ended almost unchanged. The market sustained at current levels on supply concerns though the reports from the domestic and international futures were not favourable. Sheet rubber, was the only loser of the day and slipped marginally by 25 paise to Rs 98.75 a kg on buyer resistance. The volumes were low.

The August futures for RSS 4 ended at Rs 97.75 (97.72), September at Rs 95.15 (95.04), October at Rs 93.25 (93.42) and November at Rs 93 (93.30) a kg on National Multi Commodity Exchange (NMCE).

RSS 3 dropped at its August futures to Yen 175.6 (Yen 180.4) (Rs 89.41), September to Yen 172 (Yen 178.6), October to Yen 174.7 (Yen 181.9), November to Yen 177.3 (Yen 184.8), December to Yen 179.7 (Yen 186.8) and January to Yen 181.9 (Yen 189) a kg during the day session on TOCOM.

The August futures for the grade closed at Yen 175.6, September at Yen 173.3, October at Yen 176, November at Yen 178.5, December at Yen 180.9 and January at Yen 183.1 a kg during the night session.

RSS 3 closed at Rs 91.65 (91.35) a kg on Singapore Commodity Exchange (SICOM). The grade improved to Rs 91.09 (89.39) a kg at Bangkok.

Spot rates were (Rs/kg): RSS-4: 98.75 (99); RSS-5: 96.50 (96.50); ungraded: 94.50 (94.50); ISNR 20: 88.50 (88.50) and latex 60 per cent: 80 (80).

Spices Exports Decline Both In Volume And Value - July 30, 2009

A total quantity of 122,515 tonnes of spices valued Rs.1,230.18 crore (252.24 million USD) has been exported during April-June 2009, as against 1,50,920 tonnes valued Rs.1,400.80 crore (336.25 million USD) in April- June 2008. Compared to last year, the export has shown a decline of 12 per cent in rupee value and 19 per cent in export volume.

The major spices exported during the period are chilly, mint products, spice oils and oleoresins, cumin, turmeric and pepper.

The spice oils and oleoresins including mint products contributed 33 per cent of the total export earnings.

Chilly contributed 19 per cent followed by cumin 12 per cent and turmeric 8 per cent. During April-June 2009, the export of cardamom small, cardamom large, coriander, celery, fennel, fenugreek, Nutmeg & Mace, Curry Powder, Other seeds and Misc.

spices are higher in terms of both quantity and value as compared to the same period of last year.

However, export of spices viz. pepper, chilly, cumin, vanilla, mint products and spice oils and oleoresins have shown a decline both in terms of quantity and value as compared to the same period of last year.

During April-June 2009, the country exported 5,000 tonnes of pepper valued Rs.74.87 crore as against 7,430 tonnes valued Rs.124.78 crore last year.

During the period, export of pepper to the U.S., E.U. and other major destinations, has declined compared to April-June 2008.

Pepper Forthcoming Went Up And Doing - July 30, 2009

Kochi: On Wednesday, the pepper futures market witnessed high volatility with prices rising up sharply during the trading and closed marginally higher than that of Tuesday's closing. The weakening of the rupee against the dollar has also contributed to the rise. The August contract on NCDEX moved up by Rs 36 to close at Rs 12,767 a quintal.

September and October went up by Rs 47 and Rs 57 respectively to close at Rs 12,946 and Rs 13,122 a quintal.

The total turnover dropped by 1,284 tonnes to 3,471 tonnes. Total open interest also declined by 44 tonnes to 6,610 tonnes.

Open interest for August fell by 308 tonnes while that of September and October went up by 224 tonnes and 39 tonnes respectively.

Spot prices remain unchanged at previous levels of Rs 12,400 (un-garbled) and Rs 12,900 (MG 1) despite some reported selling on apprehensions about the ASEAN agreement and its impact on the pepper market.

Jeera Remains Up As Spot Accept Up Demand - July 29, 2009

New Delhi: On 28 July, Jeera continued to trade in positive zone with gains up to 0.31 per cent on the National Commodity and Derivatives Exchange mainly on the back of firm demand in spot markets. However, falling jeera exports on better overseas crop worries continued to put pressure and capped gains in futures trade.

At NCDEX counter, jeera for delivery in August month contract gained 0.31 per cent to Rs 11,769 per quintal with an open interest in 6,780 lots.

Similarly, jeera for delivery in September month contract rose by 0.29 per cent at Rs 11,832 per quintal having an open interest of 4,539 lots.

Analysts said pick up in buying in spot markets ahead of the festival season mainly helped jeera prices to go up in futures trade.

They said, however, falling exports due to higher output from leading global producers Syria and Turkey, restricted gains in jeera prices.

Pepper Futures Decline On Top Of Instability - July 29, 2009

Kochi: On Tuesday, the pepper futures market dropped for want of further support, contrary to the predictions that the prices might touch Rs 14,500 a quintal. Domestic demand was slow due to heavy rains lashing several parts of north India. The arrivals were also less.

August contract fell by Rs 79 to close at Rs 12,675 a quintal. September dropped by Rs 68 to close at Rs 12,850 while October went up by Rs 26 to close at Rs13,050 a quintal.

Total turnover improved by 129 tonnes to close at 4,755 tonnes. And total open interest went up by 30 tonnes to 6,654 tonnes.

August open interest declined by 283 tonnes while September and October moved up by 254 tonnes and 52 tonnes respectively.

Spot prices remained unchanged at previous levels of Rs 12,400 (un-garbled) and Rs 12,900 (MG 1) a quintal.

Spot Rubber Prices Move About Promote - July 29, 2009

Kottayam: On Tuesday, the physical rubber prices improved as sellers stayed back following the rumours of an acute shortage of the raw material. Another positive closing in the domestic futures on NMCE improved the sentiments further and sheet rubber closed in green at Rs 99 (98) a kg mainly on covering purchases.

RSS 4 went up at its August futures to Rs 97.70 (97.03), September to Rs 95.18 (94.37), October to Rs 93.50 (92.49) and November to Rs 93.35 (92.50) a kg on National Multi Commodity Exchange (NMCE).

The August futures for RSS 3 ended at Yen 180.4 (Yen 178.3) (Rs 91.79), September at Yen 178.6 (Yen 178.9), October at Yen 181.9 (Yen 182.2), November at Yen 184.8 (Yen 184.7), December at Yen 186.8 (Yen 186.7) and January at Yen 189 (Yen 190) a kg during the day session on TOCOM.

The August futures closed at Yen 181 (Rs 92.10), September at Yen 178.4, October at Yen 180.7, November at Yen 183.7, December at Yen 185.8 and January at Yen 187.9 a kg during the night session.

RSS 3 dropped to Rs 91.35 (91.48) a kg on Singapore Commodity Exchange (SICOM). The grade moved up marginally to Rs 89.39 (89.10) a kg at Bangkok.

Spot rates were (Rs/kg): RSS-4: 99 (98); RSS-5: 96.50 (96); ungraded: 94.50 (93.50); ISNR 20: 88.50 (88.50) and latex 60 per cent: 80 (82.25).

Cardamom Prices Increase On Domination - July 28, 2009

Kochi: Cardamom prices sustained to rule high on shortage and good buying support at auctions in Tamil Nadu and Kerala last week. At present, there are no auctions on Monday, Wednesday and Thursday due to thin arrivals. Individual average prices fluctuated between Rs 695 and Rs 705 a kg. Previous week total arrivals stood at 63 tonnes, mainly stock held by the growers.

Auctions by the Cardamom Planters' Association, Spices Trading Corporation Ltd (STCL) and Cardamom Processing and Marketing Co (CPMC) would reportedly resume after August 15.

New crop will be picked after Adi Perukku, some time in the first week of August, while regular harvesting will commence after August 16, according to sources.

However, harvesting will start in full swing only by August-end due to the delay in monsoon, which lashed the growing areas about 10 days ago.

Spot Rubber Gains On Global Cues - July 28, 2009

Kottayam: On Monday, spot rubber witnessed a better trend. The prices moved up as sellers stayed back following an improvement in the domestic and international rubber futures. Sheet rubber went up to Rs 98 from Rs 97.50 a kg on covering purchases. There were no fresh enquiries from the tyre sector and the market made all-round gains on supply concerns. The volumes continued to be low.

The August futures for RSS 4 endedat Rs 97 (96), September at Rs 94.46 (93.16), October at Rs 92.67 (91.20) and November at Rs 92.50 (90.80) a kg on National Multi Commodity Exchange (NMCE).

RSS 3 improved at its July futures to Yen 177.5 (Yen 176) (Rs 89.85), August to Yen 178.3 (Yen 174.9), September to Yen 178.9 Yen 174), October to Yen 182.2 (Yen 176.6), November to Yen 184.7 (Yen 178.2) and December to Yen 186.7 (Yen 179.9) a kg during the day session on TOCOM.

The August futures for the grade closed at Yen 181.5, September at Yen 179.5, October at Yen 181.7, November at Yen 184.4 and December at Yen 186.5 a kg on late trades.

RSS 3 moved up to Rs 91.48 (90.11) a kg on Singapore Commodity Exchange (SICOM). The grade closed firm at Rs 89.10 (88.27) a kg at Bangkok.

Spot rates were (Rs/kg): RSS-4: 98 (97.50); RSS-5: 96 (95.50); ungraded: 93.50 (93); ISNR 20: 88.50 (88) and latex 60 per cent: 82.25 (82.25).

In Central Part Cotton Crop May Be Higher - July 28, 2009

Coimbatore: The South India Cotton Association (SICA) has said with maintaining the 2009-10 (October-September) cotton crop estimate at 309 lakh bales (of 170 kg), that there maybe a require to keep watch on a weekly basis. The reason for the move is that the monsoon is progressing and sowing activity gaining momentum in most parts.

"Prominent international merchants have evinced interest in forward delivery of Shankar-6 (new crop), reportedly at Rs 24,000 a candy (0f 356.5 kg).

At least one lakh bales have been traded," SICA's Honorary Secretary, Mr K.N. Viswanathan, said.

On crop and weather, he said: "Hot weather conditions prevailed in Punjab. Crop progress has been excellent, with plants reaching a height of 2.25 feet. However, more rains are welcome."

According to SICA estimates, there would be a two-lakh bale increase in production in the Punjab belt at 19.5 lakh bales during the 2009-10 season against the Cotton Advisory Board's 2008-09 revised estimate of 17.5 lakh bales.

In addition, SICA is expecting a better crop in the central region comprising Gujarat, Madhya Pradesh and Maharashtra. SICA sources predict an increase despite the acreage under Bt could not be determined yet.

Turmeric Prices In The Direction Of Increase Promote - July 27, 2009

Mumbai: Good demand in domestic and international markets led the turmeric prices in the major mandis in Nizamabad and Erode to rise further till September. Spot prices have gone up by Rs 500-6,000 a quintal in the last one month.

Arrivals in the Erode markets have improved from 4,000 bags (of 70-75 kg) to 9,000 bags a day. Turmeric inventory with the stockists and farmers was about 13-14 lakh bags on lower production last year.

Carryover stocks for 2009 were at 5 lakh bags, 58 per cent down from last year's 1.2 million bags, due to lower output in 2008, said a trader.

Stocks are expected to remain low till the fresh crop arrives in January. Turmeric futures in NCDEX made a low of Rs 5,572 a quintal on Monday and raised to close at Rs 5,824 a quintal on Friday on expectations that insufficient rains may hit output.

Pepper Prices Went Up And Doing - July 27, 2009

Kochi: Pepper futures market witnessed high volatility during the last week and finally closed higher at the weekend on buying support and tight supply position. Availability in Vietnam is likely to be less at around15,000 tonnes while the Indonesian crop is also said to be less. At the same time, Brazilian harvesting is likely to be delayed.

The next Indian crop is also projected to be less due to the heavy rains in some main growing regions.

The increase in all the contracts on NCDEX was from Rs 182 to Rs 230 a quintal. August was up Rs 200 to close at Rs 12,650 a quintal.

Sept and Oct went up by Rs 189 and Rs 182 respectively to close at Rs 12,800 and Rs 12,960 respectively.

Total turnover fell by 3,951 tonnes to 14,454 tonnes. Total open interest moved up by 472 tonnes to 6,698 tonnes.

Spot prices increased by Rs 300 a quintal to close at Rs 12,300 (un-garbled) and Rs 12,800 (MG 1) during the week.

Spices Board May Consider Contract Farming In South Africa - July 27, 2009

The Spices Board of India might consider contract farming that is the possibility of pushing cultivation of Indian spices in South Africa, in the midst of growing requests for seed exports by locals. The board which recently exhibited Indian spices at the South African International Trade Exhibition (SAITEX) stated that it has found buyers but not enough distributors.

The Spices Board deputy director M.R. Usha stated that the distributors were looking at getting quantities like 10kg at a time, but they can only export container loads of not only spices but also other items like basmati rice.

However, although there is great interest in Indian spices, they are not getting enough distributors. Additionally, according to her there were also queries for seeds of the spices and that they wanted to grow our products here since the soil is very fertile and also virgin.

Coffee Production Improving On Weather Conditions - July 24, 2009

Kochi: Coffee output is witnessing improvement for the season beginning October on heavy rains and intermittent sunshine during late July over the coffee-growing areas in South India. Continuous rains during the post-blossom period when the young beans sprout could result in the fragile beans falling off, affecting the final harvest and reducing coffee production, sources in the industry said.

However, parts of Malabar in Kerala, Chikmagalur and Kodagu in Karnataka and the growing regions in Tamil Nadu are currently reporting the ideal conditions of intermittent rains followed by spells of sunshine.

Given the congenial weather conditions, the post-blossom coffee crop for the country is estimated at 3,06,300 tonnes, substantially higher than the 2,62,300 tonnes this crop year, sources in the United Planters Association of Southern India (Upasi) said.

Spot Rubber Lose Your Balance Promote - July 24, 2009

Kottayam: On Thursday, physical rubber prices fell further. The absence of strong buyers and sales by traders following a favorable turn in weather continued to keep the market under pressure during the day. The sheet rubber dropped to Rs 98.25 from Rs 98.75 a kg amid scattered transactions.

The remaining grades including latex 60 per cent lost on buyer resistance. RSS 4 slipped slightly at its August futures to Rs 96.40 (96.43) a kg while the September futures improved to Rs 93.39 (92.76), October to Rs 90.88 (90.30) and November to Rs 90.30 (89.77) a kg on National Multi Commodity Exchange (NMCE).

The July futures for RSS 3 ended at Yen 170.5 (Yen 169.5) (Rs 87.50), August at Yen 170.7 (Yen 170.8), September at Yen 170 (Yen 171.1), October at Yen 171.5 (Yen 171.8), November at Yen 173.6 (Yen 173.5) and December at Yen 175.2 (Yen 175) a kg during the day session on TOCOM.

The September futures for the grade closed at Yen 170.6, October at Yen 172.2, November at Yen 174.5 and December at Yen 176 a kg during the night session.

The July and August futures remained inactive on late trades. RSS 3 closed at Rs 87.89 (87.71) a kg at Bangkok. The grade moved up to Rs 88.04 (87.35) a kg on Singapore Commodity Exchange (SICOM).

Spot rates were (Rs/kg): RSS-4: 98.25 (98.75); RSS-5: 96 (96.50); ungraded: 93.50 (94); ISNR 20: 88 (88) and latex 60 per cent: 83.20 (84).

Pepper Opportunity Witnesses Marginal Rise - July 24, 2009

Kochi: On Thursday, the pepper futures market moved up slightly on buying interest. Meanwhile, an estimated 1,000 tonnes of invalid stocks were lying in State warehouses. August contract went up by Rs 37 to Rs 12,501 a quintal. September and October were higher by Rs 30 and Rs 45 respectively at Rs 12,650 and Rs 12,840 a quintal.

Total turnover dropped by 322 tonnes to 1,441 tonnes. Total open interest moved up by 166 tonnes to 6,039 tonnes.

August open interest went up by 15 tonnes, while that of September and October by 120 tonnes and 24 tonnes respectively.

Spot prices remained unchanged at Rs 12,100 (un-garbled) and Rs 12,600 (MG 1) a quintal.

On Thursday Indian parity remained at $2,650-2,675 a tonne (c&f). However, MG 1 was reportedly being offered at $2,550 a tonne (f.o.b.) Mumbai.

Pepper Futures In Down The Stairs Movement - July 23, 2009

Kochi: On Wednesday, downtrend continued in the pepper futures market on bearish sentiments, created by reports of increased imports and slowdown in domestic buying. Imports of pepper in April-June stood at 5,451 tonnes as against 3,971 tonnes in the same period last fiscal.

Of imports this year, 2,963.13 tonnes (1,817.50 tonnes) were of re-exporters and 2,487.95 tonnes (2,154.45 tonnes) of extractors.

Consumer buying is expected to pick up by mid-August. August contract fell by Rs 75 to close at Rs 12,464 a quintal on NCDEX.

September and October dropped by Rs 71 and 97 respectively to close at Rs 12,621 and Rs 12,780 a quintal.

Natural Rubber Production May Drop 2.3 Per Cent Globally - July 23, 2009

The global output of natural rubber (NR) is likely to drop 2.3 per cent during the existing year, according to the International Rubber Study Group (IRSG). As per, the group's projections, the total global production this year will be 9.65 million tonnes as against 9.88 million tonnes in 2008. Last year, the production had increased 1.8 per cent from 9.71 million tonnes in 2007.

Consumption is expected to be down by 5.1 per cent to 9.2 million tonnes, in line with the decline in production.

The slowdown in production and consumption is attributed mainly to the current global economic crises that also surrounded rubber-based industries such as tyre producers. In 2008, consumption had fallen 1.6 per cent to 9.73 million tonnes, from 9.89 million tonnes in 2007.

Spot Rubber Go On Every One Sides Of Weak - July 23, 2009

Kottayam: On Wednesday, spot rubber turned weak following a favorable change in domestic weather, which in turn might result in an improvement in arrivals shortly, according to observers. Sheet rubber opened steady but slipped to Rs 98.75 from Rs 99 a kg during late trades. There were no fresh enquiries from the tyre sector.

The August futures for RSS 4 ended at Rs 96.40 (96.80), September at Rs 92.76 (92.88), October at Rs 90.35 (90.23) and November at Rs 89.88 (90.10) a kg on National Multi Commodity Exchange (NMCE).

The July futures for RSS 3 moved up marginally to Yen 169.5 (Yen 165.5) (Rs 88.07), August to Yen 170.8 (Yen 170.2), September to Yen 171.1 (Yen 171), October to Yen 171.8 (Yen 171.6), November to Yen 173.5 (Yen 173.3) and December to Yen 175 (Yen 174.6) a kg during the day session on TOCOM.

The August futures closed at Yen 169.8, September at Yen 170, October at Yen 170.6, November at Yen 172.5 and December at Yen 173.9 a kg during the night session.

The July futures remained inactive on late trades. RSS 3 flared up to Rs 87.71 (85.60) a kg at Bangkok. The grade closed at Rs 87.35 (87.22) a kg on Singapore Commodity Exchange (SICOM).

Spot rates were (Rs/kg): RSS-4: 98.75 (99); RSS-5: 96.50 (97.50); ungraded: 94 (94.50); ISNR 20: 88 (89) and latex 60 per cent: 84 (85).

Cardamom Prices Remain Steady On Buying Support - July 22, 2009

Cardamom prices remained steady at auctions held in Kerala and Tamil Nadu last week, while the prospects are good for the next crop as the growing areas received good showers led by the South-West monsoon last week. The individual average price oscillated between Rs 660 and Rs 697 a kg.

On Sunday, at the KCPMC auction, 22 tonnes of cardamom arrived and the entire quantity was sold out. Almost 85 per cent of the material was carryover stock.

Arrival of new crop was slight. "It is the time for good arrivals but for the delayed crop and heavy rains last week," said Mr P.C. Punnoose, General Manager, CPMC.

Spot Rubber Bystander Assorted Movement - July 22, 2009

Kottayam: On Thursday, physical rubber prices witnessed a mixed trend on Tuesday. Sheet rubber dropped to Rs 99 from Rs 99.50 a kg after hitting an intra-day high of Rs 100 a kg on early trades. According to sources, the grade observed heavy selling at Rs 100-levels possibly due to a favourable change in weather and a weak closing in domestic futures on NMCE.

The August futures for RSS 4 ended at Rs 96.80 (97.75), September at Rs 92.98 (93.67), October at Rs 90.45 (90.50) and November at Rs 90.10 (89.70) a kg on National Multi Commodity Exchange (NMCE).

The July futures for RSS 3 improved to Yen 165.5 (Yen 162.2) (Rs 84.96), August to Yen 170.2 (Yen 167.5), September to Yen 171 (Yen 167.1), October to Yen 171.6 (£167.9), November to Yen 173.3 (Yen 169.6) and December to Yen 174.6 (Yen 171.1) a kg during the day session on TOCOM.

The July futures concluded at Yen 166.5 (Rs 85.47), August at Yen 170.1, September at Yen 168.9, October at Yen 169.1, November at Yen 170.9 and December at Yen 172.5 a kg during the night session.

RSS 3 firmed up to Rs 87.22 (86.09) a kg on Singapore Commodity Exchange (SICOM). The grade closed at Rs 85.60 (85.19) a kg at Bangkok.

Spot rates were (Rs/kg): RSS-4: 99 (99.50); RSS-5: 97.50 (97.50); ungraded: 94.50 (94); ISNR 20: 89 (89) and latex 60 per cent: 85 (83.50).

Pepper Futures Marginally Jump Down - July 22, 2009

Kochi: On Tuesday, the pepper futures market dropped marginally on lack of support and on bearish sentiments. Activities were limited due to high volatility. Some 500 tonnes of pepper were liquidated in July, while some had switched over.

July contract matured and 316 tonnes were delivered. August contract fell by Rs 54 to close at Rs 12,525 a quintal.

September and October dropped by Rs 75 and Rs 20, respectively, to close at Rs 12,675 and Rs 12,851 a quintal. Total turnover declined by 1,465 tonnes to close at 1,466 tonnes.

Total open interest moved up by 13 tonnes to 5,758 tonnes. August open interest fell by 110 tonnes to close at 4,874 tonnes. September and October moved up by 112 tonnes and 11 tonnes, respectively.

Spot prices remained unchanged at previous levels of Rs 12,100 (un-garbled) and Rs 12,600 (MG 1) a quintal.

The stock in the exchange is estimated at over 2,100 tonnes, while 1,000 tonnes of validity expired stock is held in State warehouses by private parties.

Govt Attractive Steps To Reduce Thought In Sugar Beat - July 21, 2009

Despite wholesale price-based inflation remaining in negative zone for more than a month, the prices of sugar and pulses have increased during the recent past. Hence, the government said it is taking administrative measures through states to control speculative trade in pulses and sugar, stated Finance Secretary, Ashok Chawla.

While, prices of sugar have risen from Rs 18-21 a kg in January to Rs 25-29 a kg in July, the prices of some pulses like tur and urad have also seen a sharp rise.

Additionally he said that production of pulses in the country could not increase further than a level in spite of research being undertaken and technology mission on pulses, the import options too are limited due to lower output of pulses in other producing countries.

He also said that there is an agreement with Myanmar. However, pulses production is estimated to have declined to 14.18 million tonnes in 2008-09 as compared to 14.76 million tonnes in the previous year.

As far as sugar is concerned, besides allowing import of raw sugar to step up domestic supply, the Centre has also taken a series of remedial measures such as stock limit on the sweetener to prevent speculative trading.

Sugar production is estimated to be lower at 14.5 million tonnes in 2008-09 season (September-October) as compared to 26.4 million tonnes a year ago, while the yearly consumption stands at approximately 22.5 million tones.

Sugarcane Production Of India To Decline By 17 Million Tonnes - July 21, 2009

New Delhi: The sugarcane production of India is likely to decline by 17 million tonnes below the projected demand for the end of ongoing Five Year Plan 2007-2012, said Minister of State for Commerce and Industry, Jyotiraditya Scindia citing the Planning Commission report.

The country is estimated to produce 305.51 million tonnes of cane during 2011-12 as compared to the consumption of 322.54 million tonnes, Minister of State for Commerce and Industry Jyotiraditya Scindia said in a written reply in the Lok Sabha on Monday.

The production of cane touched 289.23 million tonnes in 2008-09 as against the demand of 275.91 million tonnes.

The projection can further dent the demand-supply matrix of sugar, the production of which is estimated to slump by a whopping 1.1 million tonnes in the 2008-09 season, ending September, he stated.

The production and consumption gap of may widen to the extent of declining to almost half of demand by 2012, the Planning Commission's report said.

The production of oilseed production is projected to fall to 27.53 million tonnes as compared with the requirement of 53.39 million tonnes.

India produced 28.13 million tonnes of oilseeds in 2008-09 as against the demand of 47.43 million tonnes.

Spot Rubber In Improvement Gain - July 21, 2009

Kottayam: On Monday, the spot rubber market reported gain. However, there were no enquires from the tyre sector, the prices firmed up mainly on supply concerns. Sheet rubber improved to Rs 99.50 from Rs 99 a kg on covering purchases. The trend was mixed as ungraded rubber ended flat amidst scattered transactions. The volumes were dull.

The August futures for RSS 4 firmed up marginally to Rs 97.79 (97.22), September to Rs 93.70 (93.13), October to Rs 90.50 (90.11) and November to Rs 89.70 (89.50) a kg on National Multi Commodity Exchange (NMCE).

RSS 3 improved to Rs 86.09 (84.70) a kg on Singapore Commodity Exchange (SICOM). The grade (spot) finished higher at Rs 85.19 (83.92) a kg at Bangkok. The Tokyo Commodity Exchange (TOCOM) remained closed owing to Ocean Day.

Spot rates were (Rs/kg): RSS-4: 99.50 (99); RSS-5: 97.50 (97); ungraded: 94 (94); ISNR 20: 89 (88) and latex 60 per cent: 83.50 (81).

Coonoor Tea Prices Jump Down On Adequate Demand - July 20, 2009

Coonoor: Prices dropped by Rs 3 a kg at Sale No 29 of the Coonoor Tea Trade Association (CTTA) auction on Friday as demand was less to absorb at high bids the huge offer of 17.58 lakh kg. In the leaf market, orthodox whole leaf teas eased as much as Rs 5-10 a kg, primaries Rs 2-3 and fannings Rs 1-2. High-priced CTC teas lost Rs 3-5, good grades Rs 2-3 and smaller grades Rs 1-2.

Most plainers remained unsold. However, blacker grades gained Rs 2. In the dust market, secondary and finer orthodox teas eased Rs 2-4.

High-priced CTC dusts dropped Rs 4-7, good sorts Rs 1-2 and plainers Rs 2-3. However, cleaner blacker sorts gained Rs 4-5, according to an auctioneer.

Rubber Marketing Federation Of Kerala Position Supportive - July 20, 2009

Thiruvananthapuram: Mr S. Ratnakumaran is appointed as Managing Director of the Kerala State Cooperative Rubber Marketing Federation Limited (Rubbermark). Mr Ratnakumaran has been working as Managing Director of Foam Mattings (India), Alappuzha, for over three years now. The State Government has renowned him for valuable contributions in promoting energy conservation.

Spot Rubber Stay Behind Compact - July 18, 2009

Kottayam: On Thursday, physical rubber prices remained firm. According to sources, the market improved following the widespread gains in the domestic and international rubber futures. Sheet rubber wentup to Rs 97.50 from Rs 97 a kg as covering groups remained active on the grade on late trades. Major manufacturers continued to sideline the market.

The August futures for RSS 4 increased further to Rs 95.08 (94.39), September to Rs 91.50 (89.94), October to Rs 89.11 (87.93) and November to Rs 87.52 (86) a kg on National Multi Commodity Exchange (NMCE).

RSS 3 improved at its July futures to Yen 162.2 (Yen 159.3) (Rs 82.83), August to Yen 162.6 (Yen 159.4), September to Yen 163.2 (Yen 158.4), October to Yen 162.9 (Yen 158.3), November to Yen 164.2 (Yen 159.3) and December to Yen 166 (Yen 160.7) a kg during the day session on TOCOM.

The August futures closed at Yen 163.7, September at Yen 162, October at Yen 162, November at Yen 163.5 and December at Yen 165 a kg, while the July futures remained inactive during the night session.

RSS 3 moved up to Rs 83.60 (82.54) a kg at Bangkok. The grade closed at Rs 82.78 (82.35) a kg on Singapore Commodity Exchange (SICOM).

Spot rates were (Rs/kg): RSS-4: 97.50 (97); RSS-5: 95.50 (95); ungraded: 92.50 (92); ISNR 20: 87.50 (87) and latex 60 per cent: 80 (80).

Pepper Opportunity Stay Behind Unaffected - July 18, 2009

Kochi: On Thursday, the pepper futures market remains unchanged, as there was less activity. Overseas players are said to be watching the sharp fall and rise in the futures market. At the same time they are waiting for an increase in the arrivals of new crop in Indonesia and Brazil. According to sources, there is not much difference between the parity of Indonesian and Indian origins.

In the domestic market some enquiries were floating following the onset of south west monsoon in in western and north Indian states.

As the Indonesian rupiah has strengthened against the dollar their parity is said to be at $2,375 a tonne (fob) as against the Indian parity of $2,625 - $2,650 a tonne (c&f).

Coorg pepper was allegedly being offered at Rs 12,500 a quintal without bill and at Rs13,000 a with bills.

Physical Rubber Observe Diverse Trend - July 17, 2009

Kottayam: On Wednesday, the physical rubber prices witnessed a mixed trend. The market revealed signs of improvement as sellers stayed back on supply concerns and a better closing in the international markets. Sheet rubber improved to Rs 97 from Rs 96.50 a kg on covering purchases.

However, late fall in the July futures on NMCE failed to make any visible impact on the market. The volumes were low.

The July futures for RSS 4 expired weak at Rs 96.74 (98.92) a kg while its August futures improved to Rs 94.41 (93.83), September to Rs 90 (89.44) and October to Rs 88 (87.17) per kg on National Multi Commodity Exchange (NMCE).

RSS 3 went up further at its July futures to Yen 159.3 (Yen 158) (Rs 82.83), August to Yen 159.4 (Yen 157.5), September to Yen 158.4 (Yen 155.8), October to Yen 158.1 (Yen 154.3), November to Yen 159.5 (Yen 155.2) and December to Yen 160.7 (Yen 156.8) a kg during the day session on TOCOM.

The July futures closed at Yen 160.3 (Rs 83.36), September at Yen 159.8, October at Yen 159.1, November at Yen 160.3 and December at Yen 161.7 a kg while the August futures continued to remain inactive during the night session.

RSS 3 improved to Rs 82.35 (81.88) a kg on Singapore Commodity Exchange (SICOM). The grade slipped to Rs 82.54 (82.63) a kg at Bangkok.

Spot rates were (Rs/kg): RSS-4: 97 (96.50); RSS-5: 95 (95); ungraded: 92 (92); ISNR 20: 87 (86) and latex 60 per cent: 80 (80).

Despite Incomplete Monsoon Basmati Plantings To Improve - July 17, 2009

In spite of deficient and delayed monsoon rains, basmati plantings are likely to witness improvement. The present south-west monsoon season (June-September) has witnessed massive rainfall deficits in the two granary States of Punjab and Haryana at minus 71 per cent and minus 62 per cent respectively as on July 8.

As a result, only 22.7 lakh hectares (lh) have till now been transplanted under paddy in Punjab, compared with 24.3 lh during this time last year, according to Dr B.S. Sidhu, the State's Director of Agriculture.

In Haryana also, progressive acreage has dropped from 8.15 lh to 7.65 lh, said Mr Rajender Solanki, Joint Director (Statistics) of the State's Department of Agriculture.

However, basmati plantings are likely to improve. In the case of regular varieties, farmers in Punjab/Haryana normally sow paddy in the nurseries by May 25.

The seedlings thus raised are transplanted into the main fields 25-30 days later towards around June 20.

This year due to the late rains, nursery preparation may be extended up to June 15 for transplantation by July 15. Any delay beyond this can impact the crop during the flowering stage.

But this problem does not arise in basmati, where the transplanting window is open till end-July or even the first week of August.

Spot Rubber Increase Taking Place Covering Buys - July 17, 2009

Kottayam: On Tuesday, the spot market witnessed gains on covering buys. Sheet rubber RSS 4 improved to Rs 96.50 from Rs 96 a kg. There were no enquiries from the tyre sector. The trend was mixed as ISNR 20 remained unchanged and latex 60 per cent declined further on low demand.

The July futures for RSS 4 went up to Rs 99 (98.04), August to Rs 93.85 (93.09), September to Rs 89.32 (88.90) and October to Rs 87.05 (86.50) per kg on National Multi Commodity Exchange (NMCE).

RSS 3 improved at its July futures to Yen 158 (Yen 155.5) (Rs 82.89), August to Yen 157.5 (Yen 155), September to Yen 155.8 (Yen 152.6), October to Yen 154.1 (Yen 151.2), November to Yen 155.4 (Yen 151.7) and December futures to Yen 156.8 (Yen 153) a kg during the day session on TOCOM.

The July futures ended at Yen 159 (Rs 83.43), September at Yen 156.7, October at Yen 155.2, November at Yen 155.8 and December at Yen 157.2 per kg, while the August futures remained inactive during the night session.

RSS 3 was firm at Rs 81.88 (81.02) a kg on Singapore Commodity Exchange (SICOM). The grade moved up to Rs 82.63 (81.50) a kg at Bangkok.

Spot rates were (Rs/kg): RSS-4: 96.50 (96); RSS-5: 95 (94); ungraded: 92 (91); ISNR 20: 86 (86) and latex 60 per cent: 80 (81).

Cardamom Produce Projection Get A Hold Better - July 16, 2009

Kochi: Cardamom crop is expected to be good next season, which will commence from August 1, as growing areas received good rains. Picking of the new crop might begin from mid-August. Meanwhile, the festival season this year is to begin early from September and the new crop is likely to hit the market by mid-August.

At the same time, arrivals from the first round of picking of the new crop is also likely to be thin at a time when the demand may be high in the coming weeks.

On Sunday, the Kumily-based Kerala Cardamom Processing and Marketing Company (KCPMC) conducted two auctions at Vandanmettu.

Total arrivals was 29 tonnes and the entire quantity was sold out. Maximum price stood at Rs 809 a kg and the individual average was at Rs 695 a kg.

Pepper Upcoming Observer Secondary Reduce - July 16, 2009

Kochi: On Tuesday, the pepper futures market dropped slightly on alck of buying support and on reports that Indonesia was easier. Ready pepper was unchanged. July net open position declined by 238 tonnes while Aug and Sep went up by 167 tonnes and 94 tonnes respectively, indicating switching over from July to these positions.

The expectation of fall in prices along with reports of harvesting in Indonesia and Brazil, have been influencing the market.

July contract fell by Rs62 on NCDEX to end at Rs12,525 a quintal. August and September dropped by Rs 47 and Rs 95 respectively to close at Rs 12,675 and Rs 12,800 a quintal.

Proceeds Of Comexes Rise 40 Per Cent In April-June - July 16, 2009

The turnover of 22 commodity exchanges in the country grew by more than 40 per cent to Rs 15,64,114 crore during the April-June of the current financial year as against Rs 11,15,326 crore during the same period previous year, the Forward Markets Commission (FMC), the commodity market regulator said.

The business volumes in agricultural futures surged to Rs 2,24,744 crore from Rs 1,56,660 crore in the year-ago period, FMC said in a statement.

Moreover, the regulator said that the bullion trade grew by 25 per cent to Rs 6,67,932 crore over the previous year.

FMC said during June 16-30, the turnover of MCX stood at Rs 2,41,063 crore while that of NCDEX recorded a business of Rs 24,367 crore.

The other national level exchange NMCE, based in Ahmedabad, reported a turnover of Rs 7,589 crore.

Moreover, the Indore-based National Board of Trade registered an impressive turnover of Rs 2,446 crore in the second fortnight of June.

Spot Rubber Prices Spectator Collapse - July 15, 2009

Kottayam: On Monday, physical rubber prices dropped. The prices declined mainly on buyer resistance though there was only marginal selling from dealers and growers. The domestic futures ended in green during the session but the spot prices failed to react in tune with NMCE as major manufacturers continued to abstain the market.

Sheet rubber fell to Rs 96 from Rs 97 a kg on the previous weekend. The July futures for RSS 4 ended at Rs 98.18 (97.42), August at Rs 93.25 (92.79), September at Rs 89 (88.90) and October at Rs 86.50 (86.50) a kg on National Multi Commodity Exchange (NMCE).

The July futures for RSS 3 dropped to Yen 155.5 (Yen 158.8) (Rs 82.90), August to Yen 155 (Yen 157.9), September to Yen 152.6 (Yen 156.2), October to Yen 151.2 (Yen 155.9), November to Yen 152.9 (Yen 156.6) and December to Yen 153.3 (Yen 158) a kg during the day session on TOCOM.

The August futures closed at Yen 155, September at Yen 153.1, October at Yen 152.6, November at Yen 152.3 and December at Yen 154 a kg while July futures remained inactive during the night session.

RSS 3 weakened to Rs 81.02 (81.76) a kg on Singapore Commodity Exchange (SICOM). The grade closed at Rs 81.50 (81.89) a kg at Bangkok.

Spot rates were (Rs/kg): RSS-4: 96 (97); RSS-5: 94 (95); ungraded: 91 (92); ISNR 20: 86 (87.50) and latex 60 per cent: 81 (82).

Govt Tentative Debt Waiver Used For Coffee Growers - July 15, 2009

The government informed that it is examining a proposal to implement a debt-relief package for growers to revive the coffee industry. "Coffee Growers' Associations have represented to evolve a debt relief package to tide over the debt crisis. The demands of coffee growers are being examined by the government," Minister of State for Commerce Jyotiraditya M Scindia said.

However, he had not indicated any time frame for implementation of the package, as it will be too early according to him.

Coffee growers in the country are affected due to low domestic production and there is no decline in demand in the global market, he said.

Prices Of Pounding Rise Active On Sowing Records - July 15, 2009

Chennai: Prices of pulses are soaring as on Monday, tur dal was quoted at Rs 85 a kg in retail shops in Chennai for the superior variety. In Mumbai wholesale market, it was quoted at Rs 80 a kg, while wholesale deals for Diwali have been done at Rs 95 a kg. The issue does not end with tur dal.

Moong and urad or black matpe prices are also exhibiting spurt. On Monday, urad dal in Hyderabad market went up to Rs 5,500 a quintal from Rs 4,825 on Saturday. Moong dal was up at Rs 5,250 from Rs 5,150.

The rise is mainly due to sowing data released by the Union Agriculture Ministry on Friday. It showed the area under tur is down to 4.02 lakh hectares (lh) during June 1-10 from 7.20 lh during the same period a year ago.

Moong coverage is also lower to 4.72 lh (10.09 lh) and that of urad to 1.68 lh (5.49 lh). The coverage is lower due to lacking monsoon.

Cotton Production Quantity Produced Anticipate Untouched - July 14, 2009

Coimbatore: The South India Cotton Association has sustained cotton production in the new season at last week's estimation of 309 lakh bales (of 170 kg) regardless of reports of deficient monsoon in Haryana and Rajasthan after anticipation of heavy rains. "The monsoon is very deficient in Rajasthan at this point in time.

In Haryana, there is a shortfall, but weather experts indicate a revival at any time. Monsoon cover is not complete in Gujarat and too early to decide on Maharashtra and Madhya Pradesh, as the rainfall has just started," the SICA Honorary Secretary, Mr K.N. Viswanathan, said.

Assuming no major change in yield levels, SICA expects the crop size at 309 lakh bales in the 2009-10 season, which is only 6 per cent higher than the Cotton Advisory Board's (CAB) revised estimate of 290 lakh bales during the 2008-09 season.

Pepper Futures Went Up And Doing - July 14, 2009

Kochi: On Monday, the pepper futures market witnessed firm trading. Operators seem to have become bulls and pushed up the market. There was simply buying and selling and consequently the total turn over increased over 400 per cent, market sources said.

July open interest dropped by 632 tonnes while August and September went up by 521 tonnes and 9 tonnes respectively, indicating switching over from July to August.

July contract spurted by Rs308 to close at Rs12,565 a quintal. August and September went up by Rs273 and Rs295 respectively to close at Rs 12,700 and Rs 12,830 a quintal.

India Ban On Non-Basmati Rice Exports Gain To Competitors - July 14, 2009

The US Department of Agriculture (USDA) said it has been a boon to competitors like Thailand whose shipments have risen by 1.7 million tonnes in 2008 due to India's ban on non-basmati rice exports. It also added that, Thailand, Vietnam, Pakistan, Burma and Brazil jointly expanded exports by 1.7 million tonnes in 2008, a great deal of which went to historically Indian markets in Africa.

The exports of Thailand, which is the world's largest rice exporter, grew the most; in addition, that Vietnam, Pakistan and others also boosted their sales.

In the list of top rice exporters in 2008-09, India is in the fourth position whereas Pakistan has moved to third rank.

In order to control the rising inflation, India has put a ban on non-basmati rice exports in April 2008. Yet, permitted to ship abroad about two million tonnes via diplomatic channels.

It is uncertain when India will re-enter the non-basmati market, although it appears that, it could be soon, said USDA pointing that India is an unpredictable trader.

Assam CTC Teas Witness Good Demand - July 13, 2009

Kolkata: Last week in North India, selected good and best liquoring Assam CTC teas witnessed good demand and sold at firm to occasionally dearer rates, according to J Thomas & Company Pvt Ltd, the tea auctioneers. Remaining Assam teas tended irregularly lower with plainer sorts at times neglected. Dooars also tended lower with plainer sorts suffering withdrawals.

There was good support from Tata Tea and Western India buyers and fair enquiry from other internal and local dealers. Exporters operated on larger brokens and fannings.

Last week in Kolkata Sale 27 Orthodox Catalogue, a line of Jutlibari FTGFOP 1 grade, 100kg, sold at a very attractive price of Rs 2,255/kg.

Non-Basmati Rice Export On Current Necessary Policy: AIREA - July 13, 2009

The All India Rice Exporters Association (AIREA) has appealed for a review of the extant export policy. The ban on export of non-basmati rice was imposed in October 2007 the idling facilities are generating wasteful costs. New Delhi allowed export of 10.5 lakh tonnes of non-basmati rice between January 2008 and June 2009, to African countries through State agencies STC, MMTC and PEC - on a government-to-government basis.

However, these agencies have not been able to promote exports and have so far managed to ship out a mere 15,000 tonnes, AIREA pointed out.

Also, prior to announcement of general elections, there was a decision to allow another 10 lakh tonnes of non-basmati rice for export, but the decision was not notified in time and so, not implemented.

India Near Make Longer Duty-Free Raw Sugar Imports - July 10, 2009

Food and Agriculture Minister Sharad Pawar was quoted by media as saying the government will allow mills to import raw sugar at zero duty for sale in domestic markets for another six months till 31 March 2010. The government in February 2009 had allowed mills to import duty-free raw sugar under the advance licensing scheme (ALS) till September 2009 to boost domestic availability.

Under the scheme, mills were required to export equal quantity of processed sugar within three years, a move designed to keep a rein on imports.

However, in April 2009, the government removed the export obligation that was linked to the import of raw sugar, as tight supplies threatened to push up prices, stoking inflation.

India, the biggest sugar consumer in the world, has turned a net importer in 2008/09 due to a sharp drop in the output, which is estimated to slump to 155 lakh tonnes for this season (October-September) from about 264 lakh tonnes in the last year.

Spot Rubber Remainder Diverse - July 10, 2009

Kottayam: On Thursday, spot rubber showed a mixed trend. RSS-4 remained unchanged at Rs 97.50 a kg after hitting a low at Rs 97 a kg on early trades following the marginal improvement in domestic futures on the National Multi Commodity Exchange (NMCE).

The July futures for RSS-4 ended at Rs 97.10 (Rs 96.94), August at Rs 93.15 (Rs 93.02), September at Rs 89.25 (Rs 89.47) and October at Rs 87.15 (Rs 87.35) a kg on the NMCE.

The July futures for RSS-3 was quoted at Yen 158.0 (Yen 156.0) (Rs 82.88), August at Yen 157.7 (Yen 157.0), September at Yen 155.5 (Yen 156.1), October at Yen 156.2 (Yen 155.6), November at Yen 157.1 (Yen 155.9) and December at Yen 158.2 (Yen 157.2) a kg during the day session on TOCOM.

The ended consecutively at Yen 156.2 (Rs 81.96), Yen 157.6, Yen 157.5, £157.5, Yen 157.7 and Yen 158.9 a kg during the night session.

The physical rubber prices per kg were: RSS-4 Rs 97.50 (Rs 97.50); RSS-5 Rs 95.50 (Rs 95.50); Ungraded Rs 92 (Rs 91.50); ISNR 20 Rs 87.50 (Rs 88) and Latex 60% Rs 86 (Rs 86).

Pepper Futures Make Progress Under Buying Support - July 10, 2009

Kochi: On Thursday, the pepper futures market recovered after a week-long fall, on buying support and closed significantly up. There was no spot selling pressure. Coorg pepper is said to be available anywhere in India at Rs12,500 a quintal. July contract went up by Rs 164 to close at Rs 12,289 a quintal.

August and September moved up by Rs 163 and Rs 157 respectively to close at Rs 12,450 and Rs 12,570 a quintal on NCDEX.

Total turnover increased by 943 tonnes to 2,646 tonnes. Howver, total open interest dropped by 109 tonnes to 6,441 tonnes.

July open interest fell by 336 tonnes to 3,317 tonnes, while that of August and September went up by 201 tonnes and 25 tonnes respectively.

Tea Volume Continues Near By Higher At Coonoor Sale - July 09, 2009

Coonoor: Volume offered for sale at the auctions of Coonoor Tea Trade Association (CTTA) continues to be high this week. An analysis of the listing of brokers shows that, 17.76 lakh kg would be offered for Sale No: 28 to be held on Thursday and Friday. Last week, 17.77 lakh kg was offered. This week's volume is 2.35 lakh kgs more than the offer this time last year.

In the 17.76 lakh kg, fresh arrival is 13.64 lakh kg. As much as 4.12 lakh kg comprise teas unsold in previous sales.

Of the 17.76 lakh kg on offer, 13.31 lakh kg belongs to the leaf grades and 4.45 lakh kg belongs to the dust grades. As much as 16.84 lakh kg belongs to CTC variety and only 0.92 lakh kg, orthodox variety.

Spot Rubber Prices Falls - July 09, 2009

Kottayam: On Wednesday, physical rubber prices declined. Reasonable selling from dealers and traders kept the commodity under pressure following unimpressive feeback from the futures markets. Sheet rubber fell to Rs 97.50 from Rs 98.25 a kg with volumes improving a little.

The July futures for RSS 4 ended at Rs 96.90 (96.96), August at Rs 93.05 (92.95), September at Rs 89.60 (89.70) and October at Rs 87.35 (87.70) a kg on National Multi Commodity Exchange (NMCE).

RSS 3 dropped at its July futures to Yen 156 (Yen 163) (Rs 80.80), August to Yen 157 (Yen 162.6), September to Yen 156.1 (Yen 159.7), October to Yen 155.6 (Yen 159), November to Yen 156.2 (Yen 159.6) and December to Yen 157.2 (Yen 161.2) a kg during the day session on TOCOM.

The July futures for the grade ended at Yen 159.5 (Rs 82.60), September at Yen 156.1, October at Yen 157.6, November at Yen 157.5 and December at Yen 159 a kg during the night session.

The August futures remained stopped on late trades. RSS 3 slipped to Rs 80.01 (80.68) a kg on Singapore Commodity Exchange (SICOM).

Spot rates were (Rs/kg): RSS-4: 97.50 (98.25); RSS-5: 95.50 (96); ungraded: 91.50 (92); ISNR 20: 88 (89) and latex 60 per cent: 86 (88).

Global Coffee Outlay Could Rise By September - July 09, 2009

The global coffee prices are expected to rise to 120- 130 US cents a pound by starting September. The current declining trend momentary and could be attributed to the fall in demand due to summer in the northern hemisphere, Mr Anil Kumar Bhandari, former President, Upasi, and a major coffee grower/exporter said on Tuesday.

"The fundamentals are strong and there is going to be short supply of arabica in the world market and that will steer prices up, starting September," he said.

Even as Indian exports have shown a sharp fall this year mainly due to the financial crisis. Exports during January 1 to July 3 this year stood at 1,05,731 tonnes as against 1,32,960 tonnes during the same period a year ago.

Pepper Futures Carry On Top Of Declining - July 08, 2009

Kochi: On Tuesday, pepper futures witnessed high volatility and eventually closed loweron bearish operations. The domestic market was flooded with imported pepper and as such there was no demand further. On NCDEX, July contract fell by Rs 79 to endat Rs 12,154 a quintal. August and September dropped by Rs 63 and Rs 80 respectively to close at Rs 12,326 and Rs 12,460 a quintal.

Total turnover on NCDEX increased by 1,271 tonne to close at 3,307 tonne.

Spot Rubber Prices Stay Behind Unaffected - July 08, 2009

Kottayam: On 7th July, spot rubber continued to rule almost steady. The market activities were in extremely low key there was lack of fresh incentives specific to rubber to set the trend. There were no revised quotes from major consuming industries. Sheet rubber was only gainer of the day as improved marginally by 25 paise to Rs 98.25.

The July futures for RSS 4 ended at Rs 97 (96.79), August at Rs 92.95 (93.02), September at Rs 89.70 (89.90) and October at Rs 87.70 (88.19) a kg on National Multi Commodity Exchange (NMCE).

RSS 3 improved at its July futures to Yen 163 (Yen 160.3) (Rs 82.92), August to Yen 163.3 (Yen 158), September to Yen 159.6 (Yen 156.5), October to Yen 159 (Yen 154.5), November to Yen 160.1 (Yen 154.7) and December to Yen 161.3 (Yen 156.2) a kg during the day session on TOCOM.

The August futures for the grade concluded at Yen 164.5, September at Yen 161.4, October at Yen 159.4, November at Yen 159 and December at Yen 160.7 a kg on late trades. RSS 3 firmed up to Rs 80.68 (78.84) a kg on Singapore Commodity Exchange (SICOM).

Spot rates were (Rs/kg): RSS-4: 98.25 (98); RSS-5: 96 (96); ungraded: 92 (92); ISNR 20: 89 (89) and latex 60 per cent: 88 (88).

Pepper Futures Witnesses Small Decrease - July 07, 2009

Kochi: On Monday, pepper futures dropped marginally due to lack of buying support and in the absence of any incentives for boosting export of the commodity in the Union Budget 2009-2010 when the Indian parity remained out-priced in the world market. Indonesian prices were ruling at $2,400-2,425 a tonne (c&f), while the Indian parity was at $2,650 a tonne (c&f), as the rupee weakened against the dollar following a sharp fall in the Indian stock market.

On NCDEX, July contract dropped by Rs 37 to close at Rs 12,229 a quintal. August and September fell by Rs 46 and Rs 59 respectively to close at Rs 12,380 and Rs 12,540 a quintal.

Cotton Production May Go To 300 Lakh Bales Next Season - July 07, 2009

Coimbatore: The South India Cotton Association (SICA) has expected that the cotton will crop at 309 lakh bales (of 170 kg) during the 2009-10 cotton season starting October based on the present sowing pattern. The expectation came despite the setback in the onset of monsoon. The production is estimated to be up by 19 lakh bales in the new season (2009-10) compared with the Cotton Advisory Board's revised estimate of 290 lakh bales during the 2008-09 season.

"Monsoon started recently in the northern region comprising Punjab, Haryana and Rajasthan, while it has just set in the central cotton zone of Gujarat, Maharashtra and Madhya Pradesh.

It is satisfactory in Karnataka, but awaited in Andhra Pradesh and Tamil Nadu in the South," said Mr K. N. Viswanathan, SICA Honorary Secretary.

SICA approximates the crop production in the northern region to increase to 43.5 lakh bales in the new season against 39 lakh bales in 2008-09, to 176 lakh bales in the central region from the earlier year's production of 170 lakh bales and to 75.5 lakh bales from 67 lakh bales in the southern region.

Spot Rubber Left Overs Balanced - July 07, 2009

Kottayam: On Monday, the physical rubber prices ended approximately unchanged. The absence of fresh incentives in the Union Budget kept the traders under pressure during the afternoon session and sheet rubber droppedby 25 paise to Rs 98 a kg on buyer resistance.

July futures for RSS 4 ended at Rs 96.80 (96.69); August at Rs 93.20 (93.47), September at Rs 89.90 (90.35) and October at Rs 88.19 (89.10) a kg on National Multi Commodity Exchange (NMCE).

RSS 3 fell at its July futures to Yen 160.3 (Yen 160.4) (Rs 81.64), August to Yen 158 (Yen 159.4), September to Yen 156.5 (Yen 158), October to Yen 154.5 (Yen 155.9), November to Yen 154.6 (Yen 156) and December to Yen 156.2 (Yen 157.7) a kg during the day session on TOCOM.

The grade improved sharply at its September futures to Yen 166.6 (Rs 84.86) while its October futures declined further to Yen 153, November to Yen 153.1, and December to Yen 154.5 during the night session.

RSS 3 dropped down to Rs 78.84 (79.46) a kg on Singapore Commodity Exchange (SICOM).

Spot rates were (Rs/kg): RSS-4: 98 (98.25); RSS-5: 96 (96); ungraded: 92 (92); ISNR 20: 89 (90) and latex 60 per cent: 88 (88).

Wheat Exports On Top Of Centre Lifts Outlaw - July 06, 2009

The Centre on Friday, 3 July 2009, announced partially lifting a ban on wheat exports, by allowing export of 9 lakh tonnes of the grain by government-owned trading agencies. Export of 650,000 tonnes of wheat products like wheat flour and maida has also been permitted, according to a notification issued by the Directorate General of Foreign.

The partial lifting of the ban on exports will help release the huge grain stock that the country is carrying due to a record purchase of wheat and rice by Food Corporation of India.

The government had banned wheat exports in February 2007 as wheat procurement had declined and the country had to rely on costly imports.

Pepper Futures Observes Downtrend - July 06, 2009

Kochi: The week observed a sharp fall in the pepper futures market on bearish operations and entry of imported pepper in the domestic market. The present situation may continue till the new crop position of Indonesia will be known. However, early last week good selling pressure was reported in the primary markets also for fear of further drop in the prices due to increased availability of imported pepper in the upcountry markets.

Total open interest increased 109 tonnes to 6,769 tonnes. July open interest dropped by 567 tonnes while that of August and September moved up by 591 tonnes and 65 tonnes respectively.

Spot prices crashed by Rs 400 a quintal to close at Rs11,900 (un-garbled) and Rs 12,400 (MG 1) . Total turn over on NCDEX dropped by 620 tonnes to 11,749 tonnes at the weekend close.

Tea Prices Stay Put Firm At Kochi Sale - July 04, 2009

Kochi: Tea prices continued to remain positive due to demand at the Kochi tea auctions this week. Arrivals at the leaf auction were restrained at 2.54 lakh kg, while 12,32,000 kg of dust teas were on offer. AVT confined its purchases to good liquoring teas, while Tata Tea remained selective and Hindustan Unilever Ltd (HUL) did not participate at all.

Kerala State Civil Supplies Corporation contributed to buying and loose tea traders. Clean, black and well made bolder dust grades witnessed good export enquiry at moderate and lower levels.

Spot Rubber Prices Continue Unmoved - July 04, 2009

Kottayam: On Thurday, spot rubber closed unchanged. According to sources, the market activities were in an particularly low key as there were no quantity buyers or sellers in the main marketing centres. Sheet rubber was quoted steady at Rs 98 a kg.

RSS 4 improved at its July futures to Rs 97.40 (96.71), August to Rs 94.23 (93.70), September to Rs 91.45 (91) and October to Rs 90.35 (89.50) a kg on National Multi Commodity Exchange (NMCE).

The July futures for RSS 3 ended at Yen 157.9 (Yen 155.6) (Rs 78.30), August at Yen 157.2 (Yen 154.9), September at Yen 155.1 (Yen 154.9), October at Yen 155.2 (Yen 155), November at Yen 156.4 (Yen 156.5) and December at Yen 157.7 (Yen 158.7) a kg during the day session on TOCOM.

The grade closed at Yen 157.9, Yen 156.3, Yen 155.5, Yen 154.8, Yen 156 and Yen 158.1 a kg consecutively during the night session.

RSS 3 was marginally firm at Rs 80.49 (80.13) a kg at Bangkok. It closed at Rs 80.34 (80.17) a kg on Singapore Commodity Exchange (SICOM).

Spot rates were (Rs/kg): RSS-4: 98 (98); RSS-5: 96 (96); ungraded: 93 (93); ISNR 20: 90.50 (90.50) and Latex 60 per cent: 88 (88).

Higher Tea Volume At Coonoor Sales - July 03, 2009

Coonoor: Offer of teas in the Coonoor Tea Trade Association auctions continues upward trend this week. For Sale No: 27 to be held on Thursday and Friday, a volume of 17.77 lakh kg is being offered. This is the maximum volume on offer so far in 2009. It exceeds last week's till now highest volume by 55,000 kg. This week's volume is as much as 3.96 lakh kg more than the offer this time last year.

India Coffee Export Dropped 20 Per Cent During Jan-June - July 03, 2009

India's coffee export dropped 20 per cent during the period of January-June 2009, mainly due to lesser global demand led by the economic downturn. Exports during the period stood at 103,621 tonnes as against 130,506 tonnes during the corresponding period of the previous financial year.

Besides, exporters do not witnessed any improvement in shipments in the coming 2-3 months. They suppose the existing coffee year (October 2008 - September 2009) to conclude with exports in the range of 180,000-190,000 tonnes, which would be 14-18 per cent lesser as compared to the previous coffee year.

With this coffee exports would be at a 10-year low, according to Ramesh Raja, president, Coffee Exporters Association of India.

Low coffee output in India has also led to low export volumes while exports are still reeling under the impact of global recession.

It is estimated by the Coffee Board that India's total coffee output would be 262,300 tonnes by the end of the current coffee year, which is 10 per cent lower than the initial estimates.

Pepper Futures Increase Slightly On Firm Supplies - July 03, 2009

Kochi: On Thursday, the pepper futures market stabilized and increased a bit on tight supply position. Ready suppliers were limited and domestic buyers were inactive. The rains during the past few days likely to eliminate the fear of a drought-like condition in the pepper growing areas and that, consequently, has created a positive sentiment in the market.

July contract went up by Rs 63 on NCDEX to close at Rs 12,495 a quintal. August increased by Rs 54 to close at Rs 12,635 a quintal while September dropped by Rs 51 a quintal to close at Rs 12,782.

Total turnover on NCDEX fell by 1,272 tonnes to close at 1,360 tonnes. Total open interest dropped by 11 tonnes to 6,623 tonnes.

July open interest fell by 113 tonnes while that of August and September moved up by 88 tonnes and 11 tonnes, respectively.

Cardamom Arrivals Top 10,000 Tonnes - July 02, 2009

Kochi: Cardamom arrivals reached 10,000-tonnes mark in the auctions held last week in Kerala and Tamil Nadu. On Sunday, the total arrivals at the auctions stood at 10,070 tonnes and when the sales in Wayanad in Kerala and Karnataka centres are added, the total arrivals might cross 12,000 tonnes, trading sources in Bodinayakannur and Kumily said.

Spot Rubber Prices Fall On Opposition - July 02, 2009

Kottayam: On Wednesday, physical rubber prices were weak. The market dropped on buyer resistance lacking quantity buyers from the tyre sector. Sheet rubber declined to Rs 98 from Rs 99.50 a kg, failing to break the Rs 100-mark once again, while the trend was mixed with narrow volumes.

The July futures for RSS 4 fell to Rs 96.75 (Rs 97.52), August Rs 93.75 (Rs 94.18), September Rs 91(Rs 91.47) and October Rs 89.50 (Rs 90.80) a kg on National Multi Commodity Exchange (NMCE).

The July futures for RSS 3 declined to Yen 155.6 (Yen 156.4) (Rs 77.00), August to Yen 155.1 (Yen 156.6), September to Yen 154.8 (Yen 157.7), October to Yen 155.1 (Yen 158.0), November to Yen 156.7 (Yen 159.9) and December to Yen 158.6 (Yen 162.2) a kg during the day session on TOCOM.

The grade closed at Yen 155.3 (Rs 76.87), Yen 155.6, Yen 155.3, Yen 156.6, Yen 158.5 and Yen 160.5 a kg successively on late trades

RSS 3 closed weak at Rs 80.13 (Rs 80.51) a kg at Bangkok. The grade dropped to Rs 80.17 (Rs 80.83) a kg on Singapore Commodity Exchange (SICOM).

Spot rubber rates were (Rs/kg) RSS-4: 98 (99.50); RSS-5: 96 (97.50); ungraded: 93(94), ISNR 20: 90.50 (90.50) and latex 60 per cent: 88(88).

Pepper Futures Reduce Advance - July 02, 2009

Kochi: On Wednesday, pepper futures market continued its fall due to strong selling pressure in the primary market as well as the exchanges. July contract fell by Rs 171 on the NCDEX to Rs 12,449 a quintal. August and September declined by Rs 165 and Rs 296 respectively to Rs 12,597 and Rs 12,740 a quintal.

Total turnover improved 644 tonnes to 2,632 tonnes. Total open interest went up by 46 tonnes to 6,634 tonnes.

Open interest for July dropped by 232 tonnes while that of August and September went up by 251 tonnes and 21 tonnes respectively.

Longview Tea Company Information Remaining Loss - July 01, 2009

Longview Tea Company reported net loss of Rs 0.02 crore in the part ended March 2009 as against net loss of Rs 0.59 crore during the previous part ended March 2008. Sales declined 19.23% to Rs 0.21 crore in the part ended March 2009 as against Rs 0.26 crore during the previous part ended March 2008.

For the full year, net loss reported to Rs 0.05 crore in the year ended March 2009 as against net loss of Rs 0.09 crore during the previous year ended March 2008.

Sales rose 4.40% to Rs 0.95 crore in the year ended March 2009 as against Rs 0.91 crore during the previous year ended March 2008.

Pepper Futures Spectator Decrease - July 01, 2009

Kochi: On Tuesday, the pepper futures market dropped sharply on negative sentiments on reports that Sri Lanka is offering medium grade matured pepper at $2,300 - $2,400 a tonne (c&f) Kochi. Import from Sri Lanka is duty-free and the Indian parity is at $2,700 a tonne, consequently there is a difference of $300 - $400 a tonne.

Fear of further fall in the price led bulls to liquidation and that in turn pulled down the futures market.

July contract dropped by Rs 244 to Rs 12,562 a quintal. August and September fell by Rs 236 and Rs 249 respectively to Rs 12,720 and Rs 12,875 a quintal.

Spot Rubber Turns Packed Together - July 01, 2009

Kottayam: On Tuesday, Spot rubber remained firm on covering purchases with sustained rains all on the plantation areas during the past 24 hours. There were no fresh enquiries from the tyre sector and sheet rubber went up marginally to Rs 99.50 from Rs 99 a kg on scattered transactions.

The July futures for RSS 4 ended at Rs 97.48 (97.48), August at Rs 94.05 (94.45), September at Rs 91.41 (92.00) and October at Rs 90.80 (91.30) a kg on National Multi Commodity Exchange (NMCE).

The July futures for RSS 3 rebounded to Yen 156.5 (151.5) (Rs 78.18), August to Yen 156.3 (152.2), September to Yen 157.4 (153.6), October to Yen 157.4 (154.1), November to Yen 160.1 (155.4) and December futures to Yen 162.1 (157.5) a kg during the day session on TOCOM.

But the grade plunged to Yen 153.7, Yen 155.2, Yen 156, Yen 156.6, Yen 158.1 and Yen 160.2 a kg consecutively during the night session.

RSS 3 slipped to Rs 80.51 (80.85) a kg at Bangkok. The grade closed at Rs 80.83 (80.74) a kg on Singapore Commodity Exchange (SICOM).

Spot rates were (Rs/kg): RSS-4: 99.50 (99); RSS-5: 97.50 (96.50); ungraded: 94 (93.50); ISNR 20: 90.50 (90.50) and latex 60 per cent: 88 (86.50).