Financial Daily from THE HINDU group of publications
Saturday, August 10, 2002
Agri Prices (Aug. 9)
Coconut oil ready4800 (4800)
Palm oil358 (356)
Groundnut oil480 (472)
Pepper garbled (ready)8600 (8800)

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AGRI-BIZ & COMMODITIES

FARM CREDIT


Banks rescheduling farm loans
BANKS have begun work on restructuring and rescheduling agricultural advances in regions affected by the current drought. This is in line with Reserve Bank of India's (RBI) directives. Banking sources said here that this move would now mean ... More

AQUACULTURE


Call to tap marine exports potential
THE marine products industry should target the higher value-added spectrum of Chinese imports, according to Mr Rajiv Pratap Rudy, Minister of State for Commerce and Industry. At a seminar on `Leveraging the post-WTO scenario in China: ... More

RUBBER


Rubber arrivals gather pace
THE rubber market remained stagnant on poor buying response mainly from the tyre companies. Covering purchases were also comparatively low, while the stock position in the market improved marginally. With the ensuing Onam festival, arrivals ... More

TEA


Upasi draws blueprint for tea futures
THE United Planters' Association of Southern India (Upasi) core committee has drawn up an ambitious plan to launch its tea futures exchange soon. Speaking to Business Line after the meeting, which held here on Thursday, Mr N. Dharmaraj, ... More

Upasi upset over TMCO revival
KOCHI: The United Planters' Association of Southern India (Upasi) has expressed shock over reports on the re-introduction of the provisions relating to mandatory sales through auctions under Clause 17 of the Tea Marketing Control ... More

Mixed trend at Kochi tea sale
A MIXED trend persisted for almost all varieties of tea at the Kochi tea auction. Though the leaf sale witnessed a good general demand, it was comparatively low for dust category. There was only a fair general demand especially for good ... More

COTTON


Dry spell may hit cotton
THE prospects of domestic cotton crop, impacted by the prolonged dry spell in July, are showing signs of improvement; but concerns over possible drop in production remain, industry representatives said. Cotton acreage, which is normally in the ... More

OILSEEDS & EDIBLE OIL


Soyabean output prospects brighten
WIDESPREAD rains during the last few days have been life saving for soyabean crop which has picked up normal growth quickly and nodule formation has started, according to a crop report issued by the Indore-based Soyabean Processors Association of ... More

Wheat farmers urged to shift to oilseeds
DROUGHT-hit farmers in the wheat-growing States of Uttar Pradesh, Haryana and Punjab have been urged to take up early rabi sowing of oilseeds, to tide over the impact of weak monsoon, by the Association of Seed Industry - the apex body of seed ... More

COCONUT & COPRA


Coconut oil import seen impacting domestic trade
THE import of about 400 tonnes of copra and 200 tonnes of coconut oil last week is seen creating a negative impact on the domestic market. Crude coconut oil has been imported by a major company through the Cochin port under the conditions of ... More

COFFEE


RBI concedes coffee growers' demands
RBI has agreed to all demands of the All-India Coffee Industry Action Committee except for the complete waiver of interest on loans. In a meeting of bankers in Bangalore on Friday, the RBI Deputy Governor, Mr Vepa Kamesam, agreed to the coffee ... More

NATURAL CALAMITIES


Drought likely to affect cane, oilseeds production in Karnataka
KARNATAKA'S sugarcane and oilseeds production is likely to be severely affected due to weak monsoon, according to the State Agriculture Department officials here. "We are closely monitoring the situation," they said. Corroborating their ... More
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