The Hindu Business Line : Friday, June 06, 2003

Conditions favourable for monsoon to set in
CONDITIONS favourable for the onset of monsoon have begun developing over the Arabian Sea. Monsoon, which in the normal course should have set in around June 1, seems on course to strike the Kerala coast around June 8-10. Meanwhile, the ... More

It's too hot for even mango trees in `Blazewada'
HIGH temperatures are nothing new to Vijayawada (often referred to as Blazewada). Yet, even by its sizzling standards, the current season seems to be one of the hottest summers ever experienced in these parts and none is spared — man, bird, ... More

INSIGHT

Risk management in commodity markets — Widening and deepening futures trading
The recent opening of the futures regime augurs well as investors and traders will take greater interest in commodities. Risk management will add value to the commodities market and help broadbase the growth in trading. Last year's limit reached thro ugh futures in niche commodities can be doubled, aided by national-level multi-commodity exchanges. A `virtuous circle' will be created, contributing to national GDP and employment. More

Biotech agri products — Basis for US' review request
INDIA has a growing biotechnology sector, which many hope will be a new engine for economic expansion. The country is also blessed with a large cadre of world-class research scientists, positioning India to play a leading role in the further ... More

Food safety: Distorting standards that impede exports
THE contrast could not be sharper. The latest annual Exim Policy document is all optimism. But there is much pessimism where exports of agriculture and allied products are concerned. One needs to take a close look at the destination of ... More

PLANTATIONS

Plantation Labour Act — No justification for continuation of relevant provisions: Panel
AS the statutory provisions demanding strict implementation of the Plantation Labour Act 1951 were working against the interests of the plantation industry groaning under multiple ills ranging from steep decline in the prices of produce to ... More

RUBBER

Rubber market rules steady
THE rubber market remained steady for almost all the grades except ungraded rubber, which firmed up slightly. The tyre sector continued to keep off in a bid to bring down the market but short supply helped the prices to remain static. . As ... More

SUGAR

No sugar sale quota for 138 mills — Govt cracks whip on mills selling extra sugar
ALMOST 200 sugar mills in the country, of which 138 are working, will not be able to sell a single kg of sugar during the current month, with the amendment to the Essential Commodities Act giving teeth to the Government's `release' mechanism ... More

FOODGRAINS

FAO projects mixed outlook for cereal
WHILE international prices of most cereals remained generally firm over the last 6-8 weeks, the outlook for the coming months is mixed, the Food and Agriculture Organisation (FAO) said in its preview edition of Food Outlook. For ... More

COTTON

High prices may drive up global cotton output
IF decline in production, rising consumption and lower ending stocks in 2002-03 are seen helping global cotton prices stage a smart recovery from the three-decade lows reached a couple of years ago, the current level of prices is seen driving ... More

OILSEEDS & EDIBLE OIL

Oilmeal exports at new low
SHIPMENT of oilmeals (extractions of oilseeds) in May reached the lowest level in 10 months, raising the spectre of yet another year of poor exports. Data compiled by Solvent Extractors' Association of India (SEA) showed shipments aggregating ... More

SPICES & CONDIMENTS

`Farm sector can generate 8-9 m jobs'
INDIA needs 10 million jobs every year and 80 to 90 per cent of this could be generated in the agriculture sector, according to Mr Maurice Dewulf, Senior Deputy Resident Representative of the UNDP in New Delhi. Speaking at the one-day seminar ... More

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