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Monday, June 29, 1998

Stock Update Forex Update

Spices Board chalks out plan to boost cultivation of vanilla
The Spices Board has planned to give a major boost to vanilla production in the country in the ninth plan. The schemes drawn up would expand the area under cultivation by about 212 hectares in five years.

ECC Construction to submit report on diamond bourse
After years of dithering and dilly-dallying, Bharat Diamond Bourse (BDB) has appointed ECC Construction Group of the Larsen & Toubro as its new project review consultant (PRC). ECC is expected to submit its report by end of August 1998. Conceived in late '80s, the BDB is a multi-crore project for diamond traders and was originally scheduled for completion by 1996 end at a cost of about Rs 600 crore.

Bourse issues guidelines on coffee beans quality
Coffee Futures Exchange of India Ltd (Cofei) has issued a set of guidelines in its bid to maintain the quality of coffee beans entering the market through the bourse. As per the specifications, which will be applicable for both the growers and curers, a minimum of 90% by weight of the washed arabica (plantation A) shall stand on a sieve with round holes of 6.65 mm and a maximum of 1.5% by weight of the coffee may pass through a sieve with round holes of 6 mm.


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  Coupon on Resurgent India Bonds likely to be hiked by 25 basis points
  NDDB's edible oil supply to stem speculation
  Pepper eases, may pick up later
  Pests attack lower sunflower yields
  Castorseed futures witness wide swings
  Industry bitter as sugar prices decline
  Strategies to sustain oilmeal exports
  ICICI places 7-yr paper at 14.25%
  "Raw cashew output needs to be raised"
  Surplus stocks push down aluminium price
  Granite industry in Karnataka in a tight spot as red-tapism mars growth
  Cement firms yet to hike prices despite claims
  Fall in imports peps up depressed paracetamol
  Rajasthan experts fear soil imbalance due to excessive use of fertilisers
  Raw cotton varieties seen up on low arrivals
  Geotextiles take coir exports to new high
  Unutilised cotton quota may find a market in Far East

Touchwood Agrotech Pvt. Ltd.


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