Posts Tagged ‘Coffee’

More Hybrid Varieties of Tur/Red Gram Set to Hit Market

Hello Friends here we come up with the Latest Agri Commodities updates from various parts of the country.

.

More hybrid varieties of Tur/Red Gram set to hit market

.

More hybrid varieties of Tur/Red Gram set to hit market

.

The Hyderabad-based International Crops Research Institute for the Semi-Arid Tropics (Icrisat), a non-profit, non-political agricultural research organisation, is set to release three new hybrid varieties of pigeon pea (tur or red gram) for commercial multiplication by seed companies, a senior scientist said.

.

“After the commercialization of cytoplasmic male sterility (CMS)-based pigeon pea hybrid (ICPH 2671) two years ago, we have developed three more hybrid varieties.

.

The test results are promising and we will give parental lines to seed companies for multiplication later this year,” CL Laxmipathi Gowda, Global Theme Leader, Crop Improvement and Management, Icrisat, told reporters.

.

🙂

In Other major Commodities Update, there are news of Cane farmers in Maharashtra set to rake in at least Rs 4k crore of additional income in the current 2009-10 season and South India planters’ income dropping to Rs 1,479 cr.

🙂

.

Cane farmers to reap bonanza

.

Cane farmers in Maharashtra are set to rake in at least Rs 4,000 crore of additional income in the current 2009-10 season due to better prices paid by sugar mills.

.

During the previous 2008-09 season (October-September), mills in the State crushed 400.27 lakh tonnes (lt) of cane and paid an average final rate of Rs 1,513 a tonne to growers at their farm-gate.

.

That translated into a total income of Rs 6,056 crore for the farmers.

.

For the ongoing season, total crushing is expected at 455 lt, with the final farm-gate price of cane averaging around Rs 2,250 a tonne.

.

That would result in an income of Rs 10,237 crore or Rs 4,181 crore more than what was paid out in 2008-09, said Mr Prakash Naiknavare, Managing Director, Maharashtra State Cooperative Sugar Factories Federation.

.

🙂

.

South India planters’ income drops Rs 1,479 cr:

.

Going by the production figures and prices for coffee, tea, rubber, pepper,cardamom and vanilla, the plantation owners earned a total of Rs 14,834.84 crore in 2008.

.

In 2009, it dropped to Rs 13,355.51 crore.

.

Plantation industry sources said the data on the lower income for the growers do not take into account the rise in production costs.

This means, the plantation sector, as a whole, could have taken a bigger hit.

.

The drop in rubber production has been a big drag on the income of the planters, who had to cope with Rs 10 a kg fall in prices.

.

The average price in 2009 was Rs 97.56 a kg against Rs 107.74 in 2008.

.

Currently, rubber prices average over Rs 130 a kg.

.

🙂

.

Note : For More Latest Industry, Stock Market and Economy News and Updates, please Click Here

Coffee Board Cuts Output Estimates

The Coffee Board of India slashed India’s 2009-10 (October-September) output projection by approximately 5.5% to 289,600 tonnes. Reduced estimation is mainly due to crop damage by heavy rains in major growing states.

.

“The reduction in crop output is seen largely in Karnataka, while regions in Andhra Pradesh, Kerala and Tamil Nadu showed a nominal drop,” Coffee Board Chairman GV Krishna Rau said.

.

He said heavy rains in Karnataka during October-November led to adverse crop conditions like berry dropping and wet feet in certain growing areas. Karnataka alone accounts for a fall of 15,775 tonnes of the estimated 16,700 tonnes decline in coffee output.

.

In Other major Commodities Update, there is news of pepper futures fell sharply on bearish sentiments that pulled down the prices of all contracts.

.

.

Pepper Future Report Fall

On Monday, pepper futures fell sharply on bearish sentiments that pulled down the prices of all contracts.

😦

Bearish sentiment that new crop would arrive any time in the market and there is no domestic demand to absorb it was being spread widely.

.

Besides, 1,200 tonnes of pepper’s validity will expire on Feb 5 and hence it will be liquidated in January and that will come for delivery next month, thus goes the misinformation, market sources said.

.

December contract on NCDEX dropped by Rs 367 to close at Rs 14,055 a quintal. January and February fell by Rs 376 and Rs 382, respectively to close at Rs 14,332 and Rs 14,560 a quintal.

.

Total turnover increased by 3,064 tonnes to 6,925 tonnes. Total open interest moved up by 391 tonnes to 13,113. December open interest fell by 499 tonnes while that of January increased by 755 tonnes and February up by 92 tonnes.