Financial Daily
from THE HINDU group of publications

Wednesday, July 18, 2001





Wheat millers await sale price, export norms
THE Government seems to be living up to its reputation of making announcements promptly, but going slow on implementation. It is over a week now since the Centre decided to sell 20 lakh tonnes of wheat to roller flour mills for export of processed produc ts (mainly maida) but neither sale price nor guidelines for lifting stocks have been announced by the buffer stocking agency, the Food Corporation of India (FCI).

Shrimp prices at all-time low
SHRIMP prices have hit an all-time low, and could plumb new depths due to continued lack of demand, according to market sources.

Vegoil price hike hits vanaspati trade Latha Venkatraman
THE vanaspati industry, reeling under the twin impact of unchecked imports from Nepal and large-scale arrival of low-priced edible oils, is now facing a triple whammy following a rapid increase in input cost because of a strident rise in domestic prices of various vegetable oils.

Tea export to Russia seen to dip to 80 mkg
TEA exports to Russia will be around 80 million kg (mkg) in 2001, down from 86 mkg in 2000, according to Mr N.K. Das, Chairman of Tea Board.

Southern tea trade bullish
TEA exports from south India are likely to get a boost following the agreement with Russia, according to Mr N. Dharmaraj, the UPASI Tea Committee Chairman, who represented the south Indian tea industry at the discussions with the Russians.

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