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Wednesday, February 11, 2004

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AGRI-BIZ & COMMODITIES

FARM CREDIT
RBI panel to study agricultural lending
RESERVE Bank of India has constituted a committee on the flow of credit to agriculture, which will asses the progress made in implementation of the recommendations of the Expert Committee on Rural Credit (Vyas Committee) appointed by Nabard in ... More

CULTIVATION
METSIGNS
`Mundakan' harvesting under way
HARVESTING has begun in the early-planted Mundakan paddy fields in the State, according to the Agromet Advisory dated February 9 issued by the Thiruvananthapuram Met Office. In the Kuttanad areas, the crop is nearing the `dough stage' of ... More

RUBBER
Rubber prices unchanged
THE physical rubber market was static on Tuesday. All the rates remained unchanged while arrivals were meagre. At the Bangkok market, the RSS 3 improved to Rs 56.61 from Rs 56.01 a kg on Monday. The futures market showed better trends on ... More

TEA
IBA cheers tea sector with revival package
THE Indian Banks' Association (IBA) is ready with the revival package for the tea industry as asked by the Union Finance Minister in his interim Budget. For the large tea producers, IBA has made seven suggestions, the foremost of which is ... More

`Budget proposals will not help big tea cos'
JAY Shree Tea & Industries Ltd, a B.K. Birla Group company, is a diversified tea company. The 59-year old company started off with one tea estate but currently owns 17 gardens with almost 8,000 hectares of cultivable land and producing nearly 14 More

Tea sales dip at Coonoor as buyers keep away
EVEN as declining inventory levels and prospects of improved exports have infused optimism within the tea industry, a marked decline in the quantities sold at Coonoor auctions is making the trade uneasy. As per data, in 2001, the total quantity ... More

TN to contribute towards tea price stabilisation fund
THE Tamil Nadu Government has said it will contribute Rs 500 each for around 23,000 tea growers in the Nilgiris towards the Price Stabilisation Fund Scheme. The scheme, being implemented from April last, did not have many takers as the ... More

AGRICULTURAL INSTITUTIONS
Nabard credit plan for Idukki released
A CREDIT potential of Rs 523 crore has been mooted by the National Bank of Agriculture and Rural Development (Nabard) for Idukki district during the financial year 2004-05. The Potential linked Credit Plan (PLP), prepared by Nabard and released ... More

TOBACCO
Will tobacco cos ride F1 to beat the ban?
`COME to Marlboro Country' scream out hoardings to the average traveller on the roads of India's financial capital, Mumbai. But with Formula One (F1) car racing reported to be making a pitch for Maharashtra, after Andhra Pradesh — ... More

SPICES & CONDIMENTS
Cardamom futures to be launched today
GEOJIT and JRG, a brokerage house, are all set to launch the world's first trading in cardamom futures through the National Multi-Commodity Exchange on Wednesday. Mr Navin B. Chawla, Secretary in the Ministry of Consumer Affairs, Food and ... More

Cardamom steady on thin arrivals
CARDAMOM prices by and large remained steady at auctions in the major centres in Kerala and Tamil Nadu. Prices of graded varieties were AGEB Rs 425-435, AGB Rs 320-330, AGS Rs 300-310 and AGS 1 Rs 290-300 per kg. Though there were buying ... More




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