Financial Daily
from THE HINDU group of publications

Tuesday, May 01, 2001





Palm oil price slide impacts OPIL plans
THE expansion programme of Oil Palm India Ltd (OPIL) has been seriously affected by the sharp fall in palm oil prices and as a result, the targets fixed under the Five-Year Plan to extend oil palm cultivation to 1,000 hectares could not be achieved accor ding to Mr O.V. Jose, OPIL's new Managing Director.

Wheat demand-supply seen stable next year: IGC
WORLD wheat supply and demand conditions are unlikely to undergo major changes during 2001-02, going by the outlook for wheat announced by the London-based International Grains Council (IGC). However, weather over the next three months could play a criti cal role in shaping the crop.

Farm reforms not sufficient: OECD
AGRICULTURAL markets are on the upturn after a prolonged period of record low values for many commodities. Demand, particularly in non-OECD countries, is growing faster than production and global stocks are falling. If global economic growth is sustained in coming years, this will stimulate trade and lift world prices for most agricultural products between now and 2006.

Domestic units nervous over huge import of prawn seeds
UNREGULATED import of freshwater prawn seeds pose a threat to the survival of domestic prawn culture, according to industry sources.

CTCs in demand at Guwahati auction
THE CTC offerings at Guwahati met with good demand at the tea auction last week which slackened with the progress of the sale. Good liquoring sorts saw competition around last levels with an easier tendency. Better medium varieties witnessed an easier te ndency while plainer and medium sorts met with better enquiry at lower levels.

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