Financial Daily
from THE HINDU group of publications

Wednesday, July 04, 2001





Advertising & Marketing
emecklai becomes Hedge's agent
MUMBAI: emecklai has signed an introducing broker agreement with Direct Hedge S.A, international broker of over-the-counter swaps for fertilizer and fertilizer inputs.

Farm infrastructure need pegged at Rs 268,742 cr
THE country would require to invest up to Rs 268,742 crore to develop a proper infrastructure for agricultural marketing. Of this, Rs 74,000 crore would be for rural roads, Rs 27,000 crore for cold storage, Rs 5,400 crore for ordinary storage, Rs 600 cro re for export oriented agri-zones and Rs 150,000 crore for value-added processing.

Ministerial panel to give pulses thrust
The Government has set up a Ministerial Committee to persuade farmers to move from cultivation of foodgrains to cultivation of cash crops as oilseeds and pulses, according to the Union Minister for Consumer affairs, Food and Public Distribution, Mr Shant a Kumar.

June edible oil imports put at 3 lakh tonnes
EDIBLE oil imports during June 2001 were an estimated 3.03 lakh tonnes as per quick compilation of arrivals made by, a portal of the vegetable oil industry and trade. Imports in May were 3.73 lakh tonnes.

LCA arbitration rules bug cotton importers
WITH current cotton season witnessing another high volume of cotton imports, protests are being heard among trade and cotton yarn spinners importing cotton on the stiff application of the Liverpool Cotton Association's (LCA) arbitration clause by the ove rseas sellers.

Threat of `once-used-oil' imports looms large
THERE is possibly no limit to the ingenuity of edible oil importers. Many are going through tough times with poor trade economics, unstable international prices and investigation of certain trade practices. The Government is already seized of such grave issues as invoice manipulation, duty evasion, mis-declaration of cargo and import of substandard quality. Most players seem to be unfazed over developments in the marketplace.

ITA pegs tea output at 855 mkg -- Companies told to hike orthodox production
TAKING into consideration all relevant factors including the trends in the first four months to April, the Indian Tea Association has projected tea production for 2001 at 855 million kg (mkg).

Technology to pack tender coconut water
KOTTAYAM: The Defence Food Research Laboratory (DFRL) of Mysore, under a sponsored project of the Coconut Development Board (CDB), has developed a technology for packing tender coconut water in aluminium cans and retortable pouches. Tender coconut water is now being marketed under the brand name `Cocojal'.

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