Financial Daily
from THE HINDU group of publications

Friday, April 07, 2000





US trade contests Malaysian Minister's projections -- `Record soyabean crop likely this year'
A DAY after the Malaysian Minister of Primary Industries, Dr. Lim Keng Yaik, indicated at the possibility of international edible oil prices firming up in the near term owing to a decline in soyabean acreage in the US this year, it was the turn of the US soya lobby to present a diametrically opposite picture.

HC notice to Govt on edible oils duty
IN a writ petition filed in the Madras High Court wherein the Government of India (represented by the Secretary, Ministry of Finance) and the Commissioner of Customs in Chennai are respondents, the All-India Edible Oil Manufacturers, Traders and Consumer 's Association has prayed for directions to the respondents to levy 38.5 per cent plus four per cent special additional customs duty (SACD) on crude vegetable oils purchased on high seas.

Bangla tea industry targets 85 mkg output
UNDER a long-term programme covering 16 years to 2015, the Bangladesh tea industry wants to reach a production level of 85 million kg by replacing the old/unproductive bushes with younger ones, expanding the area under tea and raising the national averag e productivity to 1,500 kg per hectare.

Few tobacco deals done at AP auctions -- `STC must move in at once'
THE Tobacco Board and the Union Ministry of Commerce should take steps to prevail upon the State Trading Corporation to enter the market immediately in accordance with the decisions taken in New Delhi on Monday and no transactions should be conducted on the auction floors till such time, Dr. Y. Sivaji, a former member of the Rajya Sabha and a representative of farmers, has said.

`Fears over rubber import unwarranted'
THERE have been sharp reactions among rubber growers, traders and political circles in Kerala to the removal of quantitative restrictions on rubber products. They apprehend large-scale import of rubber products and reduction in consumption. Informed sour ces, however, say the fears are unfounded.

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