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Monday, August 25, 2003

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AGRI-BIZ & COMMODITIES

FARM CREDIT


Andhra Bank to focus on agri lending portfolio
IN a bid to significantly increase its agriculture-lending portfolio, Andhra Bank has recruited 71 agriculture graduates and post-graduates from different universities of the country as Rural Development Officers. In a press release here, the ... More

FLORICULTURE


ICAR awaits Govt aid to open more farm centres
THE Indian Council for Agricultural Research (ICAR) is in the process of establishing Krishi Vikas Kendras in all the 575 districts in the country, according to the Assistant Director General (Agri-Ext), ICAR, Dr B.S. Hansra. Delivering the key ... More

RUBBER


Rubber may remain range-bound
AN uptrend in rubber prices was witnessed last week with almost all grades recording gains against previous week's closing prices. RSS 4 which closed at Rs 46.75 last week, opened at Rs 48.00 on Monday. Later on Thursday the grade touched an ... More

TEA


Dusts in demand at Kochi auction
A MIXED trend persisted for almost all varieties of tea at the Kochi tea auction. Though the dust sale witnessed a good general demand, it was comparatively low for leaf varieties. Of the quantity of 8,72,000 on offer in the dust category, good ... More

Tea traders seek SEZ status for Coimbatore
THE Tea Trade Association of Coimbatore (TTAC) has appealed to the Commerce Ministry to look into the feasibility of giving this (read Coimbatore) Tea Hub of South India a SEZ (Special Economic Zone) status. Addressing the 21st AGM of the TTAC, ... More

TECHNICAL ANALYSIS


Cotton futures may head higher
NYCE cotton futures ended softer on Friday in a dull trade, with thin volumes. Market participants continue to watch weather forecasts closely for ideas on what crop conditions will be during the harvest. A tropical depression over the Gulf of ... More

SILK


Monsoon places mulberry sericulture on recovery path
THE country's mulberry sericulture, after suffering a setback last year due to the drought and dumping of Chinese silk, is seen heading towards recovery tracking good monsoons, better cocoon and yarn prices over the last couple of ... More

OILSEEDS & EDIBLE OIL


Kharif oilseeds acreage to rise
THE overall outlook for kharif 2003 oilseeds production appears to be very encouraging due to good climatic conditions, according to New Delhi-based VMA Oilseeds Research and Development Institute (VORDI). Although the normal area under kharif ... More

GENERAL INSURANCE


Centre withholds crop cover claims — Orders verification to end discrepancies
THE Centre withheld crop insurance claims filed by States such as Karnataka with the General Insurance Corporation of India and has ordered investigations to ascertain the veracity of the claims. Sources said here that of the Rs 300 crore of ... More
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