Financial Daily from THE HINDU group of publications
Wednesday, March 05, 2003
Markets (March 4)
BL 2501098.87 (-11.88)
BSE Sensex3244.80 (-32.47)
S&P CNX Nifty1046.60 (-12.25)
Dollar (Buy/Sell)47.61/47.74
Gold Std (10 gm)5570 (+35)

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AGRI-BIZ & COMMODITIES

RUBBER


Rubber prices improve on short-covering
RUBBER prices improved for almost all the grades on Wednesday except for the technically specified ISNR 20. Graded, ungraded and latex rubber made significan gains even as ISNR 20 was static on lack of buying interest. The covering group was ... More

SUGAR


Essential Commodities Act to be amended — Govt to tighten grip on sugar sale
THE Government has decided to amend the Essential Commodities Act, 1955 (ECA) to bring the release mechanism that governs the quantum of sugar that mills are allowed to sell in the open market in a particular month directly under the Act's ... More

TEA


'Salami' reliefs for tea estates only transitory
IT is clear from a recent order of the West Bengal Government that the tea industry, which had repeatedly pleaded for withdrawal of `salami' on land that it charges for transfer of tea garden lease, except through inheritance, has to be content ... More

OILSEEDS & EDIBLE OIL


Edible oil imports dip further in Feb
EDIBLE oil imports slowed down further in February with the volume reaching one of the lowest in recent time. According to quick estimates made available to Business Line by Oilmandi.com, the vegetable oil industry portal, ... More

IVPA seeks excise duty withdrawal
THE Indian Vanaspati Producers' Association (IVPA) has urged the withdrawal of the eight per cent excise duty clamped on packaged/branded vanaspati in the 2003-04 Union Budget. In a statement issued here, the IVPA Executive Director, Mr I.R. ... More

SPICES & CONDIMENTS


Cardamom continues to slide
CARDAMOM prices continued to fall on weak demand at auctions in the major centres in Kerala and Tamil Nadu, with the average price dropping to less than Rs 500 last week. Huge inventory in North India markets seems. to have compelled upcountry ... More

WTO


Expert panel urges Kerala to draw up agri-trade strategy
`The State's agriculture is in a phase of transition as a result of the impact of globalisation of economies and liberalisation of trade. The emerging scenario will call for productivity, quality and value-addition revolutions.' More
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