Popular Articles

Rising market makes investors look at FMPs
Fixed Maturity Plans (FMPs) seem to be generating some amount of interest among mutual fund investors once again. These plans were the target of investors’ ire during the later part of 2008.

Govt cuts minimum export price for basmati by $300/tn
The government has decided to cut the minimum export price (MEP) for basmati, Finance Secretary Ashok Chawla said today.

News of the day

UTV to consolidate motion pix biz; to buy 23.18% in UK arm
Media and entertainment firm UTV Software today said it plans to acquire the remaining 23.18 stake in its UK subsidiary UMP Plc in a move to consolidate its motion picture business and enhance shareholders value.
Public Company

World coffee output may fall in 2009-10: Trade body

Global coffee production during the 2009-10 crop year may dip below last year"s level of 128.1 million bags due to bad weather in top three growing countries — Brazil, Vietnam and Colombia, according to the International Coffee Organisation (ICO). - High costs, liquidity crunch give tough time to coffee firms If production falls are confirmed, the global coffee exports are also expected to decline this year, it said. The coffee year runs from October to September. One bag contains 60 kg coffee. ICO Executive Director Nestor Osorio said in a report: "Production (coffee) falls are expected in Brazil and other important producing countries, where the quality of the coffee crop may be affected by bad weather conditions". Production in Brazil, the world"s biggest coffee producer, is estimated to be 39 million tonnes in the 2009-10 season, against 45.99 million bags in a year ago, he said, adding, most of the crop has already been harvested here. Similarly, output in Vietnam and Colombai, the world"s second and third biggest coffee producers respectively, may decline because of adverse weather conditions, he added. According ICO data, these two countries had produced 16 million bags and 8.7 million bags each in the 2008-09. ICO said, however, production is expected to rise in Asia, Africa and Central America. The report also highlighted that a likely dip in production and lower opening stock could weigh on global coffee prices.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):