Agriculture
Record soyabean output to keep prices on leash
AIDED by favourable weather and higher acreage, soyabean output in South America - Brazil and Argentina - is poised to reach a new high this season, breaking last year's record. The harvested material will start entering the market in a big way in the co
ming weeks.
Jan edible oil imports up
EDIBLE oil imports during January totalled 5.38 lakh tonnes, up sharply from the average of 3.5 lakh tonnes during the previous two months, according to import data compiled by the Solvent Extractors' Association of India.
Commodities
RRL-CDB tie-ups to set up coconut processing units
THE Island Development Corporation, a company based in the Union Territory of Lakshadweep, has roped in the Coconut Development Board (CDB) and the Regional Research Laboratory (RRL), Thiruvananthapuram, for setting up a Rs 2.5-crore coconut processing p
lant on the island.
Plantations
World cocoa output seen falling 8 pc
WORLD cocoa production during cocoa year (October-September) 2000-01 is forecast to decline by 7.6 per cent over the previous year, while grindings are forecast to expand 2.2 per cent. Ending stocks are forecast to shrink by 14.8 per cent, according to t
he London-based International Cocoa Organisation (ICCO).
Coffee retention likely to start from March 1 -- Extension thru new plan after assessing impact
THE Coffee Board is likely to begin implementation of the coffee retention scheme from March 1, while any decision on its extension would be taken only in the form of a new programme, a senior board official said on Friday.
Tea
Eroding dependability of Russian tea market
THE Tea Board is currently popularising the December tea accord inked by the Union Government with Russia. This deals with an export of 100 million kg to Russia in 2001 and 50 million kg in the first quarter. The objective is to leave a positive impressi
on with the beleaguered tea industry which complained of sagging prices in 2000. But, what remains unsaid is whatever has happened to the existing tea accord entered into in December 1998.
