The Hindu Business Line : Thursday, September 04, 2003

Futures volume set to top Rs 2,00,000 cr
THE overall futures trading volumes is likely to reach to Rs 2,00,000 crore during the current financial year, thanks to various reform measures implemented by commodity exchanges, Mr Sharad Yadav, Minister for Consumer Affairs, Food and Public ... More

NMCE plans bullion futures from Oct
THE National Multi-Commodity Exchange of India (NMCE) plans to commence trading in bullion futures in October 2003, as it has received approval from the Government last week. The exchange has already commenced a marketing drive to enlist ... More

HORTICULTURE/FRUITS & VEGETABLES

Saptarishi board approves unit sale to Calibre Rehabs
THE board of Saptarishi Agro of the BM Thapar group's Global Green Company Ltd has approved the acquisition of its mushroom unit by Calibre Rehabs Ltd, according to Global Green officials. The mushroom unit located near Chengelpet about 45 km ... More

Better deal
Heaps of bitter gourd piled up at a Kochi market. Increased arrivals from local farms have reduced the prices to Rs 20 for 1.5 kg.

RUBBER

Covering group purchase props up rubber

SUGAR

CACP imposing SAP through backdoor?
DOES the Commission for Agricultural Costs and Prices' (CACP) revised recommendation to fix the basic statutory minimum price (SMP) of sugarcane for the ensuing 2003-04 crushing season at Rs 73 per quintal reflect the Centre's intention not to ... More

TEA

Industry eyes orthodox tea market in Russia
"The Tea Board will facilitate joint brand promotion in Russia. We are trying to cash in on the trend towards packet tea in Russia." More

Overproduction and low prices — Branded tea sector cup of woes overflows
WHILE most sectors should be upbeat on current fiscal's economic prospects, courtesy the good monsoon, not so the Indian tea industry. Particularly its organised half. In its 2002-2003 annual report, Tata Tea Ltd (TTL) acknowledges that weather ... More

Bengal sets up panel to aid tea sector
THE West Bengal Government has set up a panel to find possible solutions to the problems afflicting the tea sector. This was stated by the Chief Minister, Mr Buddhadeb Bhattacharjee, here on Wednesday at the 120th Annual General Meeting of the ... More

FAO panel moots removal of poor quality tea
THE FAO Inter-governmental Group on Tea has adopted certain action plans with the objective of better understanding and improving supply/demand dynamics for a sustainable tea business. Mr N. Dharmaraj, Chairman, Upasi Tea Committee, who ... More

WTO

World Bank tells rich nations to alter farm subsidy device
Rich-country negotiators would do better for themselves and for the developing world, if they keep in view that their own countries could benefit by directing agricultural subsidies away from production subsidies for large farmers towards income subs idies to relatively small family farms, delivered in the form that is decoupled from output. More

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