Financial Daily from THE HINDU group of publications
Sunday, July 20, 2003
Agri Prices (July 19)
Sugar S301362 (1362)
Palm oil356 (357)
Ground ready532 (530)
Coconut oil ready5550 (5505)
Pepper garbled ready7900 (7900)

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AGRI-BIZ & COMMODITIES

FARM CREDIT


SBI cuts farm loan rates to 8.75 pc
STATE Bank of India (SBI) has reduced the interest rate on short-term agricultural loans by 0.5 percentage points to 8.75 per cent. The revised rate would be effective from July 15. SBI is the first bank to announce the cut in crop loan rates ... More

Union Bank in pact with M&M arm
UNION Bank of India has signed an MoU with Mahindra Shubhlabh Services Ltd (MSSL), a wholly owned subsidiary of Mahindra & Mahindra Ltd (M&M), to provide crop finance to farmers undertaking contract farming with the company, the BSE was ... More

CLIMATE & WEATHER


US agency forecast supports IMD
THE US-based International Research Institute for Climate Prediction (IRI) has forecast enhanced probabilities for above normal precipitation "for most parts of India" from August-October this year through November-January 2004. However, some ... More

SUGAR


Orissa co-op to acquire Ponni Sugars' mill at Bolangir
BIJAYANANDA Co-operative in Bolangir, Orissa, is set to acquire outright the Ponni Sugars' mill at Bolangir paving the way for the company to exit its operations there, according to Mr N. Gopala Ratnam, Chairman, Ponni Sugars. Addressing ... More

TECHNICAL ANALYSIS


Palm oil futures may decline
MALAYSIAN crude palm oil futures on MDEX closed higher on Friday mostly on short covering recovering from early lows. Malaysia's palm oil output in July was estimated at 1.28 million tonnes compared with the official 1.21 million tonnes in June, ... More

DAIRY & DAIRY PRODUCTS


Global dairy majors eyeing India: Study
Despite interest in the potential of the Indian market, dairy MNCs have reservations over investments needed in milk collection and distribution besides reluctance to deal in low value-added products such as powders. More

FOODGRAINS


Food aid volume dips
THERE has been a decline in volume of food aid. The quantity of food aid provided by donor-members of the Food Aid Convention 1999 would total some 8.5 million tonnes in 2002-03, as per preliminary estimate announced by the Food Aid Committee. ... More

TRENDS


Crop prices rule higher, may boost farm incomes
IT is not only copious monsoon rainfall and the imposition of a 9 per cent interest ceiling on crop loans up to Rs 50,000 that provide some cause for cheer to the country's battered farming community. There is an additional factor that could ... More
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Jul. 13-Jul. 19
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