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Wednesday, June 16, 2004

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AGRI-BIZ & COMMODITIES

AQUACULTURE
Lying low
Boats lying idle along the Kochi shoreline as the 45-day ban on trawling came into effect at midnight on Monday.

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INSIGHT
South Indian tea auctions — Losing flavour?
THE tea estates in South India have had another bad year in 2003, fourth in a row after the boom of the 1990s. Compared to the fairly attractive average price of Rs 76.42 a kg in the auctions in 1998, Indian tea ... More

RUBBER
Rubber continues to rule steady
PHYSICAL rubber prices continued to rule steady on Tuesday. Most of the buyers stayed back unwilling to enhance their quotations further. There were no sellers even at these levels while the arrivals hit the bottom. Volumes were poor. In ... More

TEA
Pak Budget cheers Indian tea sector
``If the effective import duty falls, then it would certainly help the Indian importers as smuggling tea into Pakistan becomes unattractive." More

Brisk activity at Coimbatore tea e-auction
INTO the third week of e-auction, the Coimbatore Tea Trade centre is witnessing hectic activity with one-sixth of the offered quantity (51,593 kg) being routed through the new trading system. The total quantities on offer stood at 3.02 lakh kg, ... More

BIO-TECH & GENETICS
`Use science & technology to bridge rich-poor divide'
"IN a world full of concerns relating to bio-safety, bio-diversity, bio-terrorism and possible biological disaster, we need to find a `pathway to bio-happiness'. So far, science and technology has enlarged the rich-poor divide. The challenge now ... More

FOODGRAINS
TN grain merchants' pre-budget plea to Railway Minister
THE Tamil Nadu Foodgrains Merchants Association (TFMA) has stressed on the laying of a double line between Chennai and Madurai, to be extended up to Kanyakumari in course of time, in a pre-budget memorandum to the Union Minister of Railways Mr ... More

AGRICULTURAL INSTITUTIONS
Nabard aid for AP irrigation projects
THE National Bank for Agricultural Development (Nabard) has sanctioned Rs 59.91 crore as loan assistance to the Andhra Pradesh Government for implementing 19 minor irrigation and 2 lift irrigation projects at an estimated cost of Rs 66.57 crore. ... More

JUTE
NMCE launches futures in raw jute
THE National Multi-Commodity Exchange of India (NMCE) has launched futures trading in raw jute (TD-4 grade) from June 7. "Trading in September contract resumed on June 7. However, it's a soft launch and volume of trades is low. Last week, ... More

OILSEEDS & EDIBLE OIL
Correction in global prices won't wean farmers away from oilseeds
AS a reaction to the forecast of a record world oilseeds production for 2004-05, the global vegetable oil market has moved down by $120-150 a tonne under the leadership of soyabean oil. Much of the fall can be attributed to the role of funds ... More

SPICES & CONDIMENTS
Pepper futures decline on poor demand
PEPPER spot and futures prices witnessed a downward trend on poor domestic and international demand. Heat wave conditions prevailing in North India have weakened the domestic demand, which the traders anticipate would improve in the coming ... More

AGRICULTURAL POLICY
Edible oils, grains import put in `high risk' food items list
THE Government has categorised edible oils, foodgrains, mineral water, tea & coffee and a host of dairy products as being `high risk' food items, the imports of which would be subjected to 100 per cent sampling under the Prevention of Food ... More




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Looking back
Jun. 6-Jun. 12
Kharif urea distribution plan finalised

Changes in sugar sale quota in the offing — Extension in June FSQ likely

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Global rice prices seen rising on declining stocks


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