The Hindu Business Line : Friday, September 26, 2003

Sharp decline in banana acreage
Bitten by the failure of the monsoon for the third year in a row, the farmers in the traditional banana-growing belt of Tiruchi have abstained from cultivating the plant. Only 60 per cent of the total cultivable area is under banana during ... More

RUBBER

Rubber rises
RUBBER rates improved further on Thursday. RSS 4 closed at Rs 49.50 against Rs 49.25 on Wednesday. Arrivals were meagre as usual but most of the rates quoted were the offer rates of the sellers while only few buyers came forward to purchase ... More

TEA

Teaserve sale fetches Rs 2.4 lakh
THE `inaugural' auction of Teaserve on September 24 saw 93 bags amounting to a quantity of 3,344 kg of tea coming up for sale. The maximum bid price was Rs 300. Mr T. Udhaychandren, MD, Indcoserve and the chief architect of Teaserve told ... More

PRECIOUS METALS

Gold prices rise sharply in Mumbai
GOLD prices in Mumbai rose sharply, tracking the precious metal's movement on international markets where it touched a seven-year high of $392 per ounce on the back of a weak dollar and the OPEC's decision to cut oil output. Standard gold ended ... More

COTTON

Bringing cotton import disputes under Indian mediation — LCA to have another round of talks
WITH a prediction of an easy cotton season when the domestic crop this year isanticipated to squarely meet the demands of the industry, the issue of bringing cotton imports under a mandatory Indian arbitration has surfaced again among the ... More

OILSEEDS & EDIBLE OIL

Higher duty slapped on palm oils flouting norms
ANY grade of imported palm oil and palmolein that cannot be strictly categorised as either crude or as refined as per extant specifications will fall under the residuary category of `other-other' under sub-heading 15119090 of the Customs Tariff, ... More

US agri major buys Prestige Foods' assets
IN its efforts to ensure a bigger presence in the country, the US agri-business giant Bunge, through its Indian subsidiary Gee Pee Ceval Proteins and Investment, has acquired the assets of Prestige Foods Ltd. Bunge said the assets acquired ... More

WTO

Farmers: Distanced by globalisation
IN the run-up to the World Trade Organisation's failed meeting in Cancun, most writers on both sides of the economic divide called for an end to unfair farm subsidies and tariffs in rich countries. After all, who could ... More

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