Agriculture
Stand-off in AP rice procurement continues
THE stand-off between the rice millers in East Godavari district and the district collector remains unresolved. The millers have withdrawn from the market and stopped purchase of paddy since Sunday, insisting that they will not be able to carry on busine
ss unless a favourable atmosphere is created by the district administration.
Aquaculture
Shrimp, scampi output in AP likely to go up
SHRIMPS and scampi output in Andhra Pradesh is estimated to be about 60,000 tonnes this year as against 50,000 tonnes last year. The area under aquaculture in the State has also increased by 20 per cent from 4 lakh hectares to 5 lakh hectares.
Commodities
SEA plea to raise duty on soyabean oil
A SURGE in import of low-priced and low-duty soyabean oil will cause serious injury to the domestic processing industry and oilseed farmers. To counter the threat the Government must regulate the import of soyabean oil with WTO-compatible measures, the S
olvent Extractors' Association (SEA) has recommended.
Food & Dairy Products
Demand for processed food rising in Australia
THE potential for export of processed Indian foods to Australia is immense as their demand iss increasing there. Increasing exports of food products from India could also help bridge India's trade deficit vis-a-vis Australia.
Plantations
Cardamom slides on thin arrival, weak demand
CARDAMOM prices dropped by Rs 30-40 per kg at the auctions held last week at major centres in Kerala and Tamil Nadu.
Coffee auctions launched in Kerala
THE first-ever coffee auction in Kerala was held here on Monday at the Cochin Chamber of Commerce hall by the M/s J Thomas and Company. Inaugurating the auction, the compnay's Vice-Chairman and Managing Director, Mr A K Atul, said it was being organised
to protect the interests of the small growers in the State.
Cashew prices decline
RAW cashew and kernel prices eased last week. W320 was traded at around $1.85 per pound free-on-board for July-December period and $1.80-1.82 for nearby positions. Some sales for nearbys at $1.73-1.75 by small and medium packers were also reported. Limit
ed business took place for W240 in the range of $2.20-2.25, according to Mr Pankaj Sampat of Samsons Trading Company.
Tea
Quality concerns hit tea exports to Russia
INFERIOR quality of tea consignments, especially from South India, has resulted in lower purchases by Russia , which is also not attempting to fulfill its assurance under an MoU signed with the Government, official sources said on Monday.
