The Hindu Business Line : Wednesday, March 02, 2005

Stable paddy procurement from next year, says Kerala CM
TEH Centre has extended `in-principle' approval to the State Government's proposal for mandating the State Civil Supplies Corporation to procure and mill paddy for supply to the Food Corporation of India and for onward delivery into the public ... More

HORTICULTURE/FRUITS & VEGETABLES

Funds for horticulture still below the mark
``WITH about two thirds of the population dependent on agriculture, and the sector producing only 21 per cent of GDP in 2003-04, it is imperative that we address the problems of our farmers with a sense of urgency. In agriculture, we shall ... More

RUBBER

Rubber prices steady
According to traders, the Budget proposal to reduce the import duty has created an adverse impact over the sentimentsCovering groups were moderately active in the market keeping a low profile. Futures quoted steady with March contract being ... More

SUGAR

Sugar industry flays hike in excise duty on molasses
While the intention to rejuvenate the industry is seen as a right step in the long term, the Budget has failed to come out with anything concrete, feel industry representatives. The hike in the excise duty on molasses has uniformly attracted ... More

Dwarikesh Sugar plans FCCB issue to raise $25 m
THE board of directors of Dwarikesh Sugar Industries Ltd, at a meeting on Monday, approved the convening of an EGM to obtain sanction for issue of foreign currency convertible bonds amounting to $25 million. "Apart from the ongoing expansion ... More

METALS

Metal makers hike prices
MUMBAI: Despite the announcement of five per cent duty reduction on base metals proposed in the Union Budget 2005-06, major base metals producers in the country have increased their sale prices for the current month. The reason behind is ... More

OILSEEDS & EDIBLE OIL

Vegoil bodies happy over scrapping of levy
THE vegetable oil industry associations have unanimously welcomed the Budget proposal to abolish excise duty on manufacture of refined oils and vanaspati. Mr Sandeep Bajoria, President, Central Organisation for Oil industry and Trade, ... More

`Change in edible oil prices unlikely'
THE Government's decision to remove the excise duty on refined edible oil did not cut much ice with edible oil majors. The decision has not been exciting enough to propel a price cut in the markets, they claimed. "The net impact of the duty cut ... More

Budget widens duty gap between edible, industrial grade palm oils
WITH the Union Budget reducing the peak rate of customs duty on non-agricultural products from 20 per cent to 15 per cent, the gap between the import duty on edible-grade crude palm oil (CPO) and that on non-edible or industrial grade CPO used ... More

Govt cuts tariff value on crude soya oil
IN what is good news for the consumer, but not so much so for farmers in the midst of harvesting the rabi oilseeds crop, the Government today effected a steep reduction in the tariff value of imported crude soyabean oil from $565 a tonne to ... More

POULTRY

Poultry Expo in Hyderabad from March 4

AGRICULTURAL POLICY

Focus on strengthening agri marketing infrastructure
THE National Agricultural Policy has focused on strengthening and liberalisation of agricultural marketing in India since the past few years. The Budget 2005-06 continues with this tradition. This year, the focus has been more clearly defined, ... More

CO-OPERATIVES

'Uniquely special' Budget, say cooperative lending institutions
COOPERATIVE lending institutions, one of the key pillars in the agricultural and rural credit structure in the country, find the Union Budget uniquely special for more than one reason. According to Mr K. Sivadasan Nair, Chairman, National ... More

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