THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Saturday, July 14, 2001

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Agri-Business

Agriculture
Wheat products export hinges on price
WHILE welcoming the Government's move to allow millers to export wheat products, flour millers from the southern region feel that the success of the project hinges on the price at which the wheat is issued.

Sluggish trend expected to persist in world rice trade
THE global rice market continues to face an extended run of sluggish conditions with prices weakening despite positive developments. For the near term, there are no signs of prices strengthening. Even a combination of flat production for the second year, steadily rising consumption and an imminent drawdown of stocks in 2001-02 has failed to impart a meaningful impetus upward.

Commodities
Cardamom prices up on heavy demand
CARDAMOM prices increased on heavy demand and short supply in the primary markets in Kerala and Tamil Nadu.

Rise in palm oil price -- Trade plays waiting game
THE South-based palm oil importers are waiting for Malaysian palm oil prices to stabilise before confirming further contracts, according to market sources.

FMC permits futures in 8 more commodities at Rajkot exchange
IN a significant development in the oilseed futures trading segment, the Forward Market Commission (FMC) has recently permitted futures trading in eight commodities at the Rajkot Oils, Oilseeds and Bullion Merchants' Association (ROOBMA) (better known as Rajkot oils exchange).

Horticulture
Sweet days ahead for AP mango clusters
THE cluster approach adopted by the Andhra Pradesh Industrial and Technical Consultancy Organisation Ltd (APITCO) for modernisation of 37 mango processing units in Chittoor district in the State has started yielding results with the units coming under a federation to upgrade their technologies and adopt better management practices for higher returns.

Tea
Russian delegation seeks packed, branded tea
AN eight-member Russian tea delegation on Friday called on senior officials of the Ministry of Commerce and representatives of Indian tea industry to explore ways to step up the offtake of Indian tea to Russia and to evolve cooperative strategies in this connection.


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