Financial Daily from THE HINDU group of publications
Thursday, August 29, 2002
Agri Prices (Aug. 28)
Sugar S301320 (1320)
Palm oil359 (360)
Groundnut oil ready515 (515)
Coconut oil4750 (4750)
Pepper garbled ready8600 (8500)

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AGRI-BIZ & COMMODITIES

FARM CREDIT


RBI upholds tea industry's case for relief
WITH the Reserve Bank of India having accepted all but one recommendation of a working group constituted by it to assess the tea industry's case for relief in the given crisis situation, tea companies can look forward to reliefs by way of lower ... More

AQUACULTURE


Coastal States urged to expedite licence system for aqua farms
THE coastal States will have to expedite licensing procedure of aquaculture farms to enable the Aquaculture Authority of India to grant formal licenses, according to Mr Jose Cyriac, Chairman, Marine Products Export Development Authority. Mr ... More

HORTICULTURE/FRUITS & VEGETABLES


Almond imports to rise on low global prices
NEGLIGIBLE domestic production, rising consumption demand and low export prices from the US following a record crop are expected to raise India's almond imports in 2002-03. A report of the US Department of Agriculture (USDA) has forecast ... More

POWER


Karnataka: Power subsidies for farmers to continue
POWER subsidies for farmers in Karnataka are not to be scrapped after all and irrigation pumpsets will continue to run on subsidised power. With the hiving off of separate `power supply companies' from the Karnataka Power Transmission ... More

RUBBER


Rubber prices improve
RUBBER prices improved slightly on Wednesday after stagnating over a week. Arrivals were sparse. A major tyre company fixed Rs 37.25 as its procurement price. Following this, there were indications of improvement in prices of certain grades. The ... More

OILSEEDS & EDIBLE OIL


Food, Farm Ministries oppose duty cut on CPO, oilseeds import
THE Food as well as Agriculture Ministries have ruled out any move to reduce the import duty on crude palm oil (CPO) and oilseeds to mitigate the impact of rising domestic prices on expectations of a significant drop in this year's kharif ... More

Sakthi Sugars unit in tie-up to supply vegoil to TN hotel body — Mulls crude palmolein import
THE soyas division of Sakthi Sugars Ltd has tied-up with the Tamil Nadu Hotel Association for supply of Sakthi Refined vegetable oil to the hospitality sector. Having struck the deal, the company is contemplating to import crude palmolein for ... More

COFFEE


Jaswant, Fernandes to visit coffee areas — Effort to `feel the pulse'
THE Finance Minister, Mr Jaswant Singh, and the Defence Minister, Mr George Fernandes, will visit Chikmaglur in the first week of September to talk to the troubled coffee and areca growers and "feel their pulse". This is the second high-level ... More

TOBACCO


Stabilisation fund sought for tobacco crop
THE Federation of Farmers' Association of Andhra Pradesh has demanded that the tobacco stabilisation fund, proposed by the Tobacco Board, should be created entirely by the Union Government's contribution. The federation Vice-President, Mr A. ... More

MARKETING


Wake up and smell the coffee
Have consumers of tea and coffee passed up an opportunity to upgrade themselves or have marketers been apathetic to opportunities to upgrade their domestic customers? More likely, it's the latter - the choice on offer is not exciting enough. Ma rketers are yet to wake up to an attractive home market. More
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