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

Friday, September 07, 2001

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Agri-Business

Agriculture
US farm exports forecast at $57 b
AGRICULTURAL exports from the US during fiscal 2002 are forecast at $57 billion, up $3.5 billion or 7 per cent from the current year, while imports are projected at $39 billion, $ 500 million over the revised 2001 estimate.

NTSD cotton contract trading
COIMBATORE: The South India Cotton Association has allowed trading in non-transferable specific delivery (NTSD) contract in cotton grown from the following States:

Commodities
Ballooning cotton imports deflate spinners -- Poor hedging, falling NY prices wreak havoc
COTTON yarn spinners are believed to have sustained huge financial losses in the import of cotton this year because of the continuously declining New York cotton futures in recent months and poor price risk management.

Pesticides
Plea for effective pesticide policy
THE increase in the offtake of pesticides necessitates an ``effective pesticide policy'' primarily on account of the opening of WTO regimes, Dr Panjab Singh, Director, Indian Agricultural Research Institute (IARI), has said.

Plantations
Campco initiative to boost market share
IN yet another bid to bolster their sagging fortunes, arecanut growers are now embarking on a `market activation campaign' which, they hope, will open up new avenues of profit.

IPSTA team to visit major pepper nations
THE Indian Pepper and Spice Trade Association (IPSTA), promoter of the International Commodity Exchange(ICE) for futures trading in Pepper, is sending a delegation to major pepper producing and exporting countries in South-East Asia to sell the concept o f the exchange and dollar-denominated trading.

Spices smuggling cuts into Kerala revenue
RAMPANT smuggling of pepper, cardamom, nutmeg, mace and clove from Kerala to neighbouring Karnataka and Tamil Nadu is depriving the State of the much-needed tax revenue.


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