Agriculture
Fall in quality of Shankar varieties -- Gujarat cotton trade to educate growers
COTTON traders in Gujarat and their fraternity in textile industry are a worried lot as the quality characteristics of their prized cotton, Shankar-4 and Shankar 6, varieties are declining. Along with the quality, the yield of the crops has also been dec
lining, causing anxiety to ginners and the trade, who are the first to face the backlash of the declining cotton in the market place.
Call to expand area under desi cotton varieties
DESI cotton area has witnessed a sharp decline over the years. This drought resistant cotton, mainly the arboreum varieties, are best suited for cultivation in rainfed and dryland areas.
Govt permits 4 lakh t maize import under TRQ
THE Government has permitted import of four lakh tonnes of maize (corn) under the tariff rate quota (TRQ) at 15 per cent customs duty during the current financial year.
Commodities
Soyabean oil imports rise
EDIBLE oil imports into the country during May totalled 3.77 lakh tonnes, according to a quick estimate prepared by Oilmandi.com, a vegetable oil industry portal. The composition of the import basket is crude soyabean oil 1.43 lakh tonnes, refined palmol
ein 1.36 lakh tonnes and crude palm oil 87,200 tonnes and the rest crude sunflower oil.
Plantations
Pepper exports up 15 pc
THE country's pepper exports during April 2001 increased by 15 per cent to 3,000 tonnes valued at Rs 34.5 crore as against 2,610 tonnes in April 2000, the International Pepper Community said in its market review.
Cashew body lauds Karnataka move
THE Mangalore Cashew Manufacturers' Association has welcomed the Karnataka Government's decision to delete cashew kernels from the schedule of the Karnataka Agricultural Produce Marketing Act and withdraw the levy on the industry's inter-State and intern
ational sales.
Tea
Fair demand for all teas at Kochi sale
A FAIR general demand persisted for almost all varieties of tea at the Kochi tea auction. Of the quantity of 956,000 kgs on offer in the dust category, CTCs witnessed a market generally lower by Rs 5 to Rs 10.
Technical Analysis
Clear trend yet to emerge in palm oil
Malaysia's palm oil futures closed the week on a positive note after trading the entire week in a narrow range. A clear trend is yet to emerge in the palm oil market. The export figures released in the last fortnight again failed to provide any momentum.
However, the announcement by the Indian Agriculture Minister, Mr Nitish Kumar, that the Government was not considering any duty cuts in the near term did not bother the markets at all.
NY cotton July futures remain oversold
The past week ended positively for the cotton futures market. New York Cotton futures Exchange closed slightly higher as corrective trade eased oversold conditions. Stronger-than-expected weekly export sales and rising estimates of cotton acreage losses
in Texas added to session support.
