Financial Daily
from THE HINDU group of publications

Monday, July 02, 2001





Global wheat output may dip sharply
AFTER several years of sustained high production, wheat output in 2001-02 is likely to dip sharply and for the fourth consecutive year, consumption is expected to exceed production, leading to a sharp drawdown of global stocks.

Area shrinkage hits global tobacco output
WORLD production of tobacco continues its downturn for the second year in a row, with planted area in major producing countries shrinking in the wake of efforts to reduce stocks and adjust production to consumption requirement. World production of unmanu factured tobacco for 2001 is estimated at 5.72 million tonnes, down from 5.90 mt of last year and 5.93 mt of 1999.

Codex meet to discuss food safety issues
THE Codex Alimentarius Commission, the highest international body on food quality and safety standards, will hold its 24th session in Geneva from July 2 to 7 when global food safety issues will be discussed.

Food & Dairy Products
Milk output estimated at 81 million t
INDIA'S milk production during 2001-02 (April/March) marketing year could rise to an estimated 81 million tonnes, up from 79 mt and 77 mt in the previous two years respectively. Production growth in India is increasing through improved yields per animal rather than through growth in animal numbers, the Food and Agriculture Organisation (FAO) said.

IDFC begins talks on agri-export zones
THE Infrastructure Development Finance Company (IDFC) has initiated discussions with various State Governments to set up agri-export zones (AEZs) with private sector participation, according to Mr O.K. Balraj, Vice-President and Head, Agri Division of ID FC.

CTCs dearer at Kochi auction
A GOOD general demand resulted in the spurting of prices of almost all varieties of tea at the Kochi tea auction.

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