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AGRI-BIZ & COMMODITIES
INSURANCE
Reliance claims it met IRDA's rural obligations
RELIANCE General Insurance Company Ltd, which has been slapped with a Rs 2 lakh fine for not meeting its rural area obligations, is understood to have told the Insurance Regulatory and Development Authority (IRDA) that "it was a communication ...
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SUGAR
Mills' `kind' gesture tastes bitter for cane growers
THE sugarcane payment crisis in Uttar Pradesh is assuming bizarre proportions by the day. Faced with an unprecedented liquidity crunch, many mills are offering farmers sugar instead of cash for the cane purchased during the 2002-03 season ...
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TECHNICAL ANALYSIS
Palm oil futures may move lower
MALAYSIAN crude palm oil futures on MDEX closed lower due to news of favourable weather in India and the US. India, the world's largest edible oil consumer, is dependent on the monsoon, and good rains are seen as crucial for growth. Figures ...
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OILSEEDS & EDIBLE OIL
Long-term growth plan required for castor oil
THE recent price collapse in the castorseed and oil markets— both spot and futures— has once again triggered a debate on the desirability not only of high prices but also of volatile prices. In May alone, castorseed values were down ...
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