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Wednesday, January 05, 2005

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AGRI-BIZ & COMMODITIES

FARM CREDIT


SBI agri-financing to touch Rs 4,000 cr by March
STATE Bank of India (SBI), with a renewed thrust on agri-business funding in this fiscal, expects to touch an agri-financing figure of Rs 4,000 crore by March 2005. Talking to newspersons here on Tuesday after participating in an interactive ... More

Nabard pegs AP credit potential at Rs 29,423 cr
NABARD has projected a credit potential of Rs 29,423 crore for agriculture and other sectors in Andhra Pradesh during 2004-05. This represents a growth rate of 30.5 per cent over the credit identified for the current fiscal. Inaugurating a ... More

AQUACULTURE


Shrimp, prawn availability unlikely to be affected
Availability of the sea-caught fish could be hit in the coming weeks but it will only have an impact in the short term. More

Sick seafood units seek PM's help to stop recovery by banks
AROUND 130 seafood units that are in financial trouble have sought the intervention of the Prime Minister, Dr Manmohan Singh, to stop the recovery proceedings initiated by banks and financial institutions against them. The seafood units have ... More

FLORICULTURE


Indian roses set to bloom in Russia, Poland
The Pune-based Fila Rozil on Tuesday flagged off a consignment of one million rose plants for Russian and Poland markets. Mr Firoz Poonawalla, Managing Director, Fila Rozil, said this was the first time that rose plants were being shipped ... More

RUBBER


Rubber unchanged on weak demand
THE absence of fresh demand kept physical rubber prices steady on Tuesday and RSS 4 closed at Rs 54.75 as on Monday. Market continued to experience supply crunch as growers were not interested to sell their stocks while the top production ... More

SUGAR


NCDEX hikes margin on sugar futures to 8.25% — To curb further increase in prices
WITH sugar prices hitting the roof over the last one month, the National Commodity & Derivatives Exchange Ltd (NCDEX) has decided to enhance the margin on open positions in all sugar futures contracts from 6.8 per cent to 8.25 per cent. The ... More

Is sugar price rise speculative?
IS the current sugar price surge largely speculative in nature? Going by daily trades recorded at the National Commodity & Derivatives Exchange Ltd (NCDEX), this does indeed seem to be the case. During November, daily traded values of January ... More

Jaggery prices up on festive demand
PRICES of gur or jaggery (yellow quality) have increased by Rs 100-125 per quintal in the past two weeks, mainly on strong festival demand and reduced inflows from producing centres. Prices at the Vashi wholesale market are currently ruling at ... More

Birla Group to merge two sugar mills
ERNST & Young is helping the KK Birla Group in its move to consolidate two out of its existing four sugar companies. The four sugar companies of the group are New India Sugar Mills Ltd, Upper Ganges Sugar & Industries Ltd, Oudh Sugar Mills Lt More

TEA


Nilgiris tea crop hit by frostbite
TEA production in the Nilgiris has been affected by the frostbite. The frost, which hit the valleys of the district in the third week of December, continues even now. Night temperature has dropped to zero to three degrees Celsius in the ... More

WATER


Kerala: Reservoir water levels decline
THIRUVANANTHAPURAM: Water levels in the three major reservoirs of Idukki, Idamalayar and Kallada in the State have registered a slight decline compared with those recorded a week ago, according to figures released by the Central Water ... More

SPICES & CONDIMENTS


Work on turmeric complex to commence soon
IT'S a dream come true for the turmeric traders in Erode District, who, for the last two-decades have been searching for an ideal location for establishing a turmeric complex. The complex is to come up at Semmampalayam on the Erode-Nasiyanure ... More


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