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Friday, March 04, 2005

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AGRI-BIZ & COMMODITIES

FARM CREDIT


Farm credit target: Easier set than met
IN the Budget speech, the Finance Minister, Mr P. Chidambaram, promised to increase farm credit disbursals by `another 30 per cent' in 2005-06, so as to `double the flow of agricultural credit in three years', starting from mid-2004. So, an ... More

CLIMATE & WEATHER


DST mulls sending cyclone warnings through cell phones
CELLULAR users in the country's coastal regions could start getting cyclone warning signals well in advance. The Department of Science and Technology (DST) will be meeting various cellular operators in order to explore the possibility of using ... More

Rains dry up as mercury soars in Kerala
RAINFALL statistics for the first two months of the year indicate that five districts (Kannur, Kozhikode, Malappuram, Palakkad and Wayanad) recorded `excess' rainfall. According to the Agromet Bulletin issued by the Met Office, ... More

SEEDS


Shriram Bioseeds to focus on drought-resistant strains
SHRIRAM Bioseeds Genetics India Ltd, a subsidiary of DCM Shriram Consolidated Ltd (DSCL), will focus on research and development (R&D) over the next few years and develop special varieties of hybrid seeds that are drought resistant. The R&D More

BUDGET


A poor harvest for agriculture
THE Finance Minister's second Budget for 2005-06 holds out an olive branch to the rural sector. The neglect of this sector was one of the reasons for the rout of the National democratic Alliance in the last general ... More

RUBBER


Bull run continues in rubber market
SPOT rubber prices witnessed another bull run on Thursday. Covering groups and purchase agents continued to corner the meagre arrivals while export enquiries also enlightened the market mood. Sheet rubber RSS 4 improved to Rs 54 at Kottayam ... More

SUGAR


Sugar prices may decline
SUGAR prices may come down from the current level on expectation of increase in supply for the current month. The Government on Thursday said 15 days' extension would be allowed for mills to offload the free sale quota for February into the ... More

TEA


Little in Budget to cheer small tea growers
SMALL tea growers in the Nilgiris have expressed their disappointment over the Union Budget. "There is nothing in the Budget that can answer our woes," Mr M. Bhojarajan, President of the Nilgiris Small Tea Growers Association, told Business ... More

TECHNICAL ANALYSIS


Spot gold may rise higher
SPOT gold prices corrected lower after news of an IMF report predicting a sharply lower growth rate for the Euro zone. Markets also watched Federal Reserve Chairman, Mr. Alan Greenspan, and his testimony to the congress. He gave a mixed ... More

DAIRY & DAIRY PRODUCTS


Cold storage facility for milk in Theni district
A COLD storage facility for stocking milk and milk products of Aavin will be coming up in Theni district soon. According to the District Collector, Mr Rajesh Lakhoni, the facility would be set up at SIDCO Industrial Estate at an estimated cost ... More

FOODGRAINS


Urad prices move up on short supply
SPOT prices of imported urad in the domestic market have risen by 12 per cent, while futures prices at NCDEX have also moved up by 10 per cent in one week. The reason behind the sharp rise is that stocks level with traders and stockists was ... More

OILSEEDS & EDIBLE OIL


`Scrapping excise on edible oil good move'
Complimenting the Union Finance Minister for presenting a "far sighted, wholesome and growth-oriented dream Budget, benefiting all sections of people," the Tamil Nadu Chamber of Commerce and Industry has thanked the Centre for removing the excise ... More

Indian Customs duty policy on palm oil draws flak
DESPITE being the world's largest palm oil importer and long-time market for this oil, Indian tariff policies once again became the target of criticism and attack at the Palm Oil Price Outlook Conference 2005 organised by Bursa Malaysia ... More

SPICES & CONDIMENTS


Cardamom rules low on lack of buying support
The confusion over VAT is seen as the main reason for northern buyers' absence. More

MARKETING


Campco marketing agent
MANGALORE: The Central Arecanut and Cocoa Marketing and Processing Co-operative (Campco) Ltd has appointed Mr Younis Bhai, a trader from Mumbai, as its arecanut marketing agent there. A Campco release said here on Thursday that this ... More


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Looking back
Feb. 20-Feb. 26
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Desi crude futures flare up

Indian food sector looks West to tickle taste buds

Indian teas post highest rise in 2004


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