Financial Daily from THE HINDU group of publications
Thursday, September 05, 2002
Agri Prices (Sept. 4)
Sugar S301330 (1330)
Palm oil362 (363)
Groundnut oil ready512 (515)
Coconut oil4600 (4525)
Pepper garbled ready9100 (8850)

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AGRI-BIZ & COMMODITIES

COMMODITY EXCHANGES


ACE seeks re-recognition of groundnut oil futures
THE Ahmedabad Commodity Exchange (ACE) has submitted a formal application to the Forward Markets Commission (FMC) seeking re-recognition of futures trading in groundnut oil. ``The exchange has applied for the re-recognition as we had been ... More

FARM CREDIT


Karnataka waives Rs 127-cr interest on crop loans
IN a move that would benefit farmers hit by the drought in the State, the Karnataka Cabinet today approved waiver of Rs 127-crore interest accrued on kharif crop loans. It has also decided to convert all short-term loans into medium ... More

AQUACULTURE


EU ban on chloramphenicol residue — Exporters up the ante on seafood standards
IN a recent move, Europe said any container of seafood found testing positive for chloramphenicol, the banned drug residue, will be destroyed completely. With each container of seafood valued around Rs 1 crore, this move could effectively ... More

Power tariff subsidy for aquaculture units
APTransco spokesperson said meters would provided to all the units, as sufficient relief had been provided with the removal of fixed charges totally and tariff rate brought down. More

PLANTATIONS


Price stabilisation fund report by next month: Rudy
THE panel for price stabilisation fund (PSF) for plantation commodities will come out with a report by October The PSF committee, headed by the Additional Secretary of Commerce, Mr L.V. Saptharishi, would decide the modalities, said the Union ... More

Plantation institute plans training
BANGALORE: The Institute of Plantation and Horticulture, Bangalore will conduct a one-day training programme on `Vanilla and Cardamom - Money Making Ventures' on September 23 and 30 at the Institution of Agricultural ... More

TEA


ITA sees output decline on El Nino impact
THE 14th industry status paper prepared by the Indian Tea Association has tried to draw a somewhat rosy picture with production coming down and domestic consumption increasing in 2002. The paper further felt that imports of tea into India will ... More

AGRICULTURAL INSTITUTIONS


Nabard releases Rs 5-cr subsidy for W. Bengal
IN the first fortnight of August this year, the National Bank for Agriculture and Rural Development (Nabard) released for West Bengal an advance subsidy of Rs 5.05 crore under the On Farm Water Management (OFWM) scheme. The amount, ... More

COTTON


CCI pegs lower cotton acreage
THE country's cotton acreage is expected to fall below 85 lakh hectares primarily because domestic prices were 25 per cent lower than the previous year, according to the Cotton Corporation of India Ltd (CCI). Cotton production may, however, ... More

OILSEEDS & EDIBLE OIL


Vanaspati makers resent move to cut import duty
THE Vanaspati Manufacturers' Association of India (VMA) has expressed concern over the proposed reduction in the import duty on refined edible oils, which, it says, will have a `devastating impact' on the domestic industry. In a statement ... More

SPICES & CONDIMENTS


Pepper hot on demand
PEPPER prices, both spot and futures, witnessed a sharp rise at the terminal market here on Wednesday. The spot prices shot up by Rs 350 a quintal, while the increase in futures ranged from Rs 375 to Rs 500 a quintal compared to the prices last ... More
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