The Hindu Business Line : Thursday, March 02, 2006

Commodity bourses welcome Budget
The Union Finance Bill 2006/2007 focus on rural development and economy augurs well for the entire agricultural sector, chiefs of national commodity exchanges said. For the first time, the Budget has ... More

WHEAT

AWB wins wheat tender
Australian monopoly marketing body to supply entire 5 lakh tonnes More

Govt to release 1 lt more wheat
In order to keep the wheat prices in control, the Government has decided that the Food Corporation of India would release one lakh tonnes of wheat under the open market sale scheme as the first instalment in March 2006, said an official release. ... More

AQUACULTURE

SEAI hails duty sops
The Seafood Exporter Association of India (SEAI) has welcomed the excise duty concessions on packaged products. According to Mr Elias Sait, Secretary-General, Seafood Exporters Association of India, the ... More

BUDGET

`Rubber industry left out'
The rubber industry has been left out in the Finance Bill 2006/2007, industry representatives said. The Budget was a big let down as far as the general industry is concerned and the rubber industry ... More

RUBBER

Rubber remains steady
The spot rubber prices continued to rule steady on Wednesday. The market activities were in a dull pace, as major manufacturers remained totally inactive against expectations. Though the covering groups and purchase agents were buyers in ... More

TEA

Upasi welcomes tea fund
While hailing the allocation of Rs 100-crore towards the Special Purpose Tea Fund, the Upasi President, Mr E.B. Sethna, declined to comment further without knowing the finer details and conditionalities of the package. The association, he ... More

FINANCIAL PERFORMANCE

Goodricke net rises on higher sales
British tea major's Indian subsidiary, Goodricke Group Ltd, has registered growth both in its top-line and bottom-line for the 12-month period ending of December 31, 2005. According to the financial results declared on Tuesday, the gross sales ... More

METALS

India to turn major metals consumer
More

OILSEEDS & EDIBLE OIL

Vegoil base import price hiked
The Government today revised upwards the tariff value for various vegetable oils. The hike ranges from $11 to $23 a tonne. The base price for major oils in the palm group (crude palm oil, crude palmolein and refined palmolein) has been hiked ... More

Duty hike on vanaspati cheered
The Solvent Extractors' Association of India (SEAI) has complimented the Finance Minister for maintaining status quo for duty structure to support the domestic edible oil prices and, thereby farmers of rapeseed-mustard, during the current ... More

CASHEW

Cashew industry welcomes proposals
Cashew industry in Karnataka has welcomed the proposal of the Union Finance Minister, Mr P. Chidambaram, to include food processing under the priority sector. Terming it as an encouraging move by the Union Government, Mr K. Prakash Rao, ... More

SPICES & CONDIMENTS

Global pepper prices remained low despite drop in output
Large carryover stock, lower exports were also to blame More

Cardamom up on buying support
The cardamom market showed an upward trend on buying support from both exporters and domestic dealers at the auctions held last week in Kerala and Tamil Nadu. Indications are that the demand might pick up in the coming weeks due to certain ... More