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Thursday, August 12, 2004

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AGRI-BIZ & COMMODITIES

COMMODITIES
Evolve policies to capture $600-b commodity market, says Mukesh
THE Chairman and Managing Director of Reliance Industries Ltd, Mr Mukesh Ambani, has asked the Government to evolve economic policies, which would enable India to become a global player in commodities trade for products such as agriculture, ... More

EXCISE AND CUSTOMS
Pawar rules out duty cut in sugar, edible oil
THE Union Food and Agriculture Minister, Mr Sharad Pawar, has ruled out reduction of import duty on sugar or edible oil in the light of possible domestic supply constraints arising from erratic monsoon. "There is no proposal to reduce import ... More

Tinkering with customs duty will not help curb inflation
Nothing could be more damaging to the domestic oilseeds and sugar economy than a reduction in import duty at this point of time. More

RUBBER
Dumping duty on SBR to continue
THE Designated Authority in the Commerce Ministry has recommended the continuance of definitive anti-dumping duty on imported Styrene Butadiene Rubber (SBR) from Japan, South Korea and US, after undertaking a sunset review of its earlier ... More

SUGAR
Upper Ganges back in black
KOLKATA: High sugar prices and better realisations have helped the city-based Upper Ganges Sugar & Industries Ltd, a K.K. Birla Group company, to return to the black. For the year ended June 30, 2004, the company's net sales dropped to ... More

EDUCATION
Maharashtra Govt sets up training institute in protected cultivation tech
AT a project cost of Rs 16 crore, the Government of Maharashtra, through the Maharashtra State Agricultural Marketing Board (MSAMB), Pune, and the National Institute of Post Harvest Technology (NIPHT), has set up a training institute in protected ... More

METALS
Nickel cathode prices crash on fall in demand
NICKEL cathode prices in the domestic market have fallen by 10 per cent ( Rs 95 per kg) in the last one month. It was quoted at Rs 730 per kg on Wednesday as against Rs 825 per kg quoted on July 7. The decline is due to reduced domestic demand ... More

COIR
Coir Board golden jubilee celebrations begin
KOCHI: The three-day golden jubilee celebrations of Coir Board were inaugurated by the Kerala Governor, Mr R.L. Bhatia at the Central Coir Research Institute (CCRI), Kalavoor in Kerala's Alappuzha district. The inaugural function was ... More

OILSEEDS & EDIBLE OIL
As trade awaits cut in tariff rate — Palm oil imports reduced to a trickle
NOT a single tonne of palm oil has been booked for import since the beginning of this month. And its shipments into the country have been reduced to a trickle from the second half of June. "The current situation is in view of the trade waiting ... More

Govt policies upset vanaspati industry
GOVERNMENT policies have been far from helpful to the domestic vanaspati producers who continue to fight their battle on several fronts. Wide-ranging problems including rates of customs duty, imports from neighbouring countries and unethical ... More

COCONUT & COPRA
`Coconut as carbon sink' campaign gaining wider acceptance
THE Asia-Pacific Coconut Community (APCC) has extended its support for a proposal seeking to get coconut declared eligible as `carbon sink' during the second commitment period of the Clean Development Mechanism (CDM) under the Kyoto Protocol. ... More

EVENTS
Farm fair from Aug 20 in Coimbatore
AGRI Intex 2004 — the fifth edition in the agriculture trade fair series organised by the Coimbatore District Small Industries' Association (Codissia) is slated between August 20 and 25 at the Codissia Trade Fair complex in the city. This ... More

NATURAL CALAMITIES
Maharashtra Govt weighs options to rescue farmers in distress
THE Maharashtra Government is examining two options to provide relief to the farmers now in distress, indexed by a spate of suicides: Waive interest on loans availed through the cooperative sector over a specified period or temporarily stay the ... More




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Aug. 1-Aug. 7
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Edible oil prices softening; imports may gather momentum


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