Financial Daily from THE HINDU group of publications
Wednesday, March 20, 2002
Agri Prices (March 19)
Sugar (S-30)1400 (1410)
Palm Oil (10 kg)298 (300)
Groundnut oil ready396 (397)
Coconut oil ready3350 (3350)
Pepper garbled ready6850 (6850)

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AGRI-BIZ & COMMODITIES

AQUACULTURE


Cut their losses? No way!
Seafood exporters have realised that the compendium of fangled terminology can be a double-edged sword. The customs cut refers to an irregularly-shaped triangle piece from a block of frozen fish. The Customs Department enforces other venal cuts again st which the exporters grumble, yet pay up reluctantly. More

Kerala Govt package for fisherfolk
THIRUVANANTHAPURAM: The State Government has sanctioned Rs 15 crore as part of a special package for traditional fisherfolk, according to an official spokesman. This is expected to offer an alternative source of funds to help the ... More

FERTILISERS


`Inequity' in urea subsidy claims set right
BY drastically revising downwards the retention prices for 13 out of the country's 32 operational urea plants, the Centre has not only effected savings of almost Rs 1,000 crore in its fertiliser subsidy bill for 2001-02, but has also ... More

PLANTATIONS


Cocoa comes to planters' rescue
WHILE there have been severe setbacks for major crops including tea, coffee, rubber, pepper, coconut etc, the only crop which has survived the price crisis and offers a sustainable price is cocoa, according to Mr Thomas John, General Manager ... More

RUBBER


Fresh orders pep up rubber market
KOTTAYAM: Rubber market improved following fresh buying orders from manufacturers and traders attempts to mop up available supply. However, orders were not large enough to push the market forward significantly. While the price of ... More

TEA


CTCs in demand at Guwahati sale
GUWAHATI: CTC offerings last week at Guwahati continued to meet with good demand. The few clean black grainy Assams and Cachars on offer met with good response and sold readily. Poor leaf and end season descriptions were irregularly ... More

PRECIOUS METALS


`Gold can become reliable investment gizmo'
GOLD could turn as a more reliable investment instrument and it could spur the jewellery segment in a big way, a World Gold Council (WGC) official has said. "The value of gold is determined by fundamental economic factors that are outside the ... More

FOODGRAINS


PDS grain prices to be cut further
The issue prices were last revised on July 12, 2001, with APL rates being reduced from Rs 1,130 per quintal to Rs 830 for rice and from Rs 830 per quintal to Rs 610 per quintal for wheat. More

FCI floats tender for godowns
The tender, floated on a two-bid system, provides for setting up of the storages under the build, own and operate (BOO) scheme. FCI seeks to have these storages, with capacities ranging between 10,000 and 50,000 tonnes, across 13 States. More

Brand tag for Kurnool rice
CORPORATES spend huge amounts on brand building. However, this is a simple case of small traders branding a product for their own benefit. The branded product is a fine quality rice produced in Kurnool district. It is thin, tasty and has more ... More

AGRICULTURAL INSTITUTIONS


Nabard sanctioning at fast clip
NABARD is in a hurry to sanction the Rs 5,000-crore Rural Infrastructure Development Fund (RIDF) for 2001-02. The institution sanctioned Rs 1,037.14 crore under RIDF VII to 16 States last week. This includes funds for 15,799 irrigations projects, ... More

COTTON


Adoni market yard feels the pinch
A STEEP fall in cotton prices this year has resulted in a loss of Rs 40 lakh for the Adoni Agricultural Market Committee. Consequently, the committee is unable to meet its target of posting an income of Rs 2.5 crore in the current fiscal. AAMC ... More

Poor offtake, low prices worry cotton growers
COTTON growers in Andhra Pradesh are now in a quandary as the prices have fallen below the minimum support price and the offtake has been poor lately. Though the Cotton Corporation of India and other regulatory agencies have stepped up ... More

OILSEEDS & EDIBLE OIL


Modest target set for oil palm cultivation
THE Karnataka Horticulture Department plans to bring an additional 3,000 hectares under oil palm cultivation during the Tenth Five-Year Plan, in a bid to revive the oil palm industry in the State, which had slowed down considerably over the last ... More

COFFEE


Coffeetails, heady draw
URBAN Edge, the pub on Bangalore's Brigade Road, has a coffee hangover. The pub, one of the many in the city that served coffee during the week-long Coffee Festival in February, spurred by the "heartening response'' continues to serve it. The ... More

AGRICULTURAL POLICY


Curbs relaxed for farm trade
The Centre has allowed dealers to freely buy, stock and sell certain essential commodities. An order containing these provisions and issued under the Essential Commodities Act, 1955 came into effect on March 15. As per the order, dealers are ... More

TN trade welcomes amendment to Commodities Act
THOSE involved in the foodgrain trade in Tamil Nadu have welcomed the Centre's amendment to the Essential Commodities Act. However, they say that the State Government should also act to remove the restrictions on stock limits. They say that the ... More

Kerala: Agri loan repayment
THIRUVANANTHAPURAM: The Revenue Minister, Mr K.M. Mani, has clarified that under the agricultural loan moratorium scheme being implemented by the State Government, farmers can pay up their dues up to June 29 for loans availed from primary ... More

TRENDS


Sprouting hopes
A paddy farm labour at work in Vedal village in Kancheepuram district of Tamil Nadu. The farmers in the State are a happier lot this season as the water supply position is more satisfactory than last year. ... More
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Top Stories
`Gold can become reliable investment gizmo'


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Mobile prices slashed

Here's a surprise: Pay sites are paying off!

`Inequity' in urea subsidy claims set right

PDS grain prices to be cut further

In Depth
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Mar. 10-Mar. 16
On the trail of fading footprints

Foodgrains output to miss target again

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Rice exports up despite fall in global demand

New Zealand `dumping' irks butter oil trade

Crude olein shipments flood domestic market -- Revenue loss feared in vegoil imports


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