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FINANCIAL EXPRESS FRONT PAGE

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Monday, April 12, 1999

Stock Update Forex Update

Rajasthan traders suffer huge losses as coriander stocks pile up
Coriander traders in India have incurred huge losses due to the price decline on the carry forward stocks. The traders seem to be quite chary in doing the business. With the start of the market arrivals of the new crop.

Copper improves as stocks decline
Copper surged on the London Metal Exchange (LME) on hectic fund activity to briefly touch $1,410-20 levels last week. In fact the red metal had seen a massive 4,725 tonnes drop in stocks in LME warehouses.

Ministry lowers steel demand projection for 1999-2000
The latest estimates put forward by the Joint Plant Committee (JPC), working under the ministry of steel, suggest that the country will have a surplus steel producing capacity of one lakh tonnes for the year 1999-2000. This situation is likely to keep pressure on the steel prices during the year ahead.


Inspirations furnishing fabrics


  Surplus liquidity drives down call rates
  Letters throw fresh light on SEBI, BSE war of words
  Gujarat oilseed crushing units may close down
  Cotton body cuts fees to spur local futures trade
  Pakistan cotton prices steady in dull trade
  Pepper prices fluctuate
  Castor prices rally on hectic buying, short-covering
  SOPA Board of Trade to be operational by Sept
  What CBoT offers in soya complex
  Demand for starch to go up, says study
  Gold to trade in ranges -- Analysts
  Argyle's rough diamond output up marginally
  European interest cuts spur selling in Comex copper
  Timing vital for entering oilseed futures complex
  Move to revive Kochi comex gathers pace
  Brazilian coffee exports seen at1.6 m bags in April
  Vietnam coffee trade dull on falling prices
  Cardamom auctions in Kerala, TN dwindle as stocks dry up



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