AGRI-BIZ & COMMODITIES
COMMODITY EXCHANGES
NMCE to launch futures in cardamom, pulses
NMCE is now adding cardamom and pulses futures including tur, moong, masoor and urad to its list.
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FARM CREDIT
BoI trims farm loan rates
BANK of India has reduced the interest rates on all its agricultural advances, for amounts up to Rs 50,000, by 50 basis points, to 8.50 per cent per annum with immediate effect. The move is in keeping with the Finance Minister's expectation ...
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RBI panel to examine paring agri credit rates
THE advisory committee on flow of credit to agriculture and related activities set up by the Reserve Bank of India will look into measures to reduce the rate of interest on agriculture credit given by commercial, co-operative and regional rural ...
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Banks urged to lend more to farm sector
WHY are banks hesitant to increase credit to the agriculture sector and the small and medium enterprises (SMEs)? When the Reserve Bank of India (RBI) posed this question to commercial banks, the response was the non-performing assets (NPAs) ...
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HORTICULTURE/FRUITS & VEGETABLES
Onion prices rule high despite Govt intervention
ONION prices are still ruling high, at Rs 13-14 a kg in the retail market, even after the market intervention exercise taken up by the State Government. Onions are being brought from Maharashtra and sold at counters in rythu bazars all over ...
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RUBBER
Rubber declines
KOTTAYAM: The spot rubber market fell again on Thursday. RSS 4 moved down to close at Rs 49.50 against Rs 50.00 on Wednesday. At the Bangkok market RSS 3 declined to Rs 56.61 a kg. The March features at TOCOM for RSS 3 was at Rs ...
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SUGAR
`Feel-good factor' spills over to sugar industry — Surcharge sop on ethanol for petrol extended
IN yet another `feel-good factor' measure, this time aimed at the ailing sugar industry, the Finance Ministry has extended the 30-paise per litre surcharge concession on petrol used for blending with ethanol for a period of four months up to June ...
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TEA
Jaswantspeak adds pep to tea stocks
FOR the tea industry that is dogged by falling prices and sluggish exports, the announcements made by the Union Finance Minister, Mr Jaswant Singh, in his interim budget, offered some reprieve. Market sources said the proposed special tea term ...
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Tea sector still in dark on budget sops
THE tea industry is quite perplexed as it is still not sure as to how and to what extent it would benefit from the host of "sops" announced by the Union Finance Minister, Mr Jaswant Singh, in his Interim Budget and thereafter. Two days have ...
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Small tea growers seek interest subsidy on special term loan
FOR the 65,000-odd small tea growers of the Nilgiris, the special term loan announcement in the interim Budget was a much awaited one. ``This term loan is expected tohelp the 1.3 lakh growers in various States in India,'' said Mr Bhojarajan, ...
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OILSEEDS & EDIBLE OIL
Soyameal slips on avian flu
OILMEAL, especially that of soyameal, have begun to decline on fall in demand due to the outbreak of avian influenza. However, the oilmeal or de-oiled cake sector sees little effect of the outbreak, which has currently affected a host of East and ...
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COFFEE
Plan to hike coffee acreage in Orissa
THE Orissa Government has ambitious plans to expand coffee cultivation in the State and it is proposed to be extended to 5,000 hectares more during the next five to six years, according to Ms Lakshmi Venkatachalam, Chairperson of the Coffee ...
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POULTRY
`Poultry industry needs investments to tap export opportunities'
THE Indian poultry industry may be set to take flight into other Asian markets on the back of the Avian flu crisis affecting South-East Asia. But the export opportunities would translate into higher revenues, provided the industry sinks in more ...
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NPC award for Suguna Poultry
COIMBATORE: The Coimbatore-based chicken producing company, Suguna Poultry Farm Ltd, has won the National Productivity Council award for poultry production for 2001-02. This is the third consecutive term that Suguna Poultry gets this ...
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SPICES & CONDIMENTS
Spices industry to focus on quality certification
LAYING thrust on quality certification process to be globally competitive, the domestic spice industry plans to target West Asia, Russia and CIS countries. Mr Ramkumar Menon of Tata Tea Ltd, Spices division, and Chairman of All-Indian Spices ...
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AGRICULTURAL POLICY
Krishna offers sops for farmers
THE Chief Minister, Mr S.M. Krishna, today announced a series of beneficiary measures for farmers in the Budget. Irrigation pumpset dues would be waived, providing a relief of around Rs 600 crore. To ease the credit burden of small and ...
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EVENTS
Workshop on ornamental fish
THE School of Industrial Fisheries of the Cochin University of Science and Technology is organising a three-day workshop on breeding, farming and management of ornamental fishes here from February 27. The objective of the workshop is to create ...
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