The Hindu Business Line : Monday, May 12, 2003

Overseas rejection risk cover for perishable exports
THE Reserve Bank has permitted all authorised dealers in foreign exchange to remit on behalf of their exporter-clients towards premium for the `rejection risk insurance' policies taken by them for export of seafood and other perishable food/food ... More

RUBBER

Outlook bullish for rubber this week
THE rubber market witnessed a turbulent period last week, opening on a bearish note and prices drifting lower to close at Rs47.50 on Wednesday for RSS 4, ahead of the Supreme Court verdict on rubber imports. While striking down the DGFT's ban ... More

TEA

Demand for low-priced teas at Coonoor sale
BUYERS showed more interest in picking up low priced teas at the auctions held here on Thursday and Friday. "Teas valued at Rs 32 a kg were sold fast, while those high priced did not get matching push", an auctioneer told Business ... More

Fair demand at Kochi tea sale
A FAIR general demand persisted for almost all varieties of tea at the Kochi tea auction. Of the quantity of 9,81,000 kg on offer, the dust category, CTC market opened by Re 1 to Rs 3 lower. The drop in price was more as the sale progressed. ... More

PRECIOUS METALS

Silver prices seen static this year
SILVER prices in 2003 are unlikely to move substantially outside last year's trading range, Gold Fields Mineral Services Ltd (GFMS), the London-based research company said in its annual World Silver Survey 2003. However, the consultancy ... More

Dollar concerns push gold higher
WEAKNESS in US dollar and strong euro pushed gold higher last week. The yellow metal tried hard to push above $345 an ounce, but resistance at the level and strong tone in the equity markets restrained a further upward march. There was also ... More

BIO-TECH & GENETICS

Row over FAO proposal on GM food labelling
DAIRY and poultry players, especially exporters, see red in a proposal put forth on traceability and labelling of genetically-modified (GM) foods by the task force of the Food and Agricultural Organisation (FAO) on animal feeding. But a section ... More

COTTON

Bearishness in offing for cotton
NYCE cotton futures closed strongly higher on Friday on trade and speculative buying after sinking to two- month lows on fears of cancellations by China because of a flu-like viral outbreak there seem to be dissipating. Fears a viral outbreak ... More

COFFEE

`Andhra coffee one of the best'
COFFEE grown in the agency areas (tribal tracts) of Visakhapatnam district is one of the best in the country and it has been proved after evaluation conducted by a jury of coffee tasters at the national and international levels, Ms Lakshmi ... More

WTO

Kerala land use board needs revamp: Report
THE Kerala State Land Use Board needs to be revitalised and reorganised to offer proactive advice to farmers on land use during the southwest and northeast monsoon periods. This recommendation is contained in the report titled `Building a ... More

EXPORTS & IMPORTS

Tariff rate quota for four import items notified
MORE than a month after the new financial year 2003-04 commenced, the Ministry of Commerce has notified the procedure for import of four items under tariff rate quota (TRQ). Under the TRQ, specified commodities are allowed at a concessional ... More

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