AGRI-BIZ & COMMODITIES
FARM CREDIT
Banks told to invest in wasteland development
THE Reserve Bank of India has asked banks to work with the State Governments and invest in the development of wasteland and fallow land for irrigation, as per the recommendations made by the advisory committee on flow of credit to agriculture and ...
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CLIMATE & WEATHER
N-E monsoon sets in over Tamil Nadu
Emerging consensus indicates a strong season this year.
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STORAGE
ABB Grain eyeing storage, consultancy markets
ABB Grain Ltd, one of Australia's largest grain handling and storage companies, is exploring market opportunities in the country and is considering consultancy and investments in grain storage infrastructure. While investments in infrastructure ...
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HORTICULTURE/FRUITS & VEGETABLES
Back to basics
Traders using manual weighing scale at the Gudi Mal Kapu wholesale vegetable market in Hyderabad. Electronic weighing machines introduced by the TDP Government are defunct now. According to the traders, they sometimes use stones to balance the ...
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RUBBER
Rubber market on an upswing
FRESH buying interest initiated another uptrend in the spot rubber market on Monday. The covering groups pushed up the prices by offering better quotations, while purchases from the North Indian sector, the general rubber goods sector and ...
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TEA
Tea exports increase; production declines in line with global trend
TEA exports from India are up. Domestic tea production is down in line with the global trend and the average price at auction houses is increasing. Nothing can be better for the tea industry. However, exports in August 2004 suffered a minor ...
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Brewing trouble?
A scene from a tea plantation in Munnar. With an impression gaining ground in Russia that Indian tea is of poor quality, the Tea Traders Association of Kochi has urged the Tea Board to take affirmative action to boost the prospects of Indian tea. ...
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Talks to reopen tea estate fail in Kerala
THIRUVANANTHAPURAM: A meeting convened here between the management and trade unions of RBT Tea Estate in Vandiperiyar in Idukki district failed to arrive at a consensus on reopening of the estate. Announcing this, an official spokesman ...
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WATER
TN: Plea for water release
GOLD & SILVER
Supply hopes may temper silver prices
SILVER prices in the domestic market may decline in the short-term on hopes of good supply against restricted demand from wholesale trade. However, traders expect retail festival demand to pick up in a week. Local silver prices went up by 9 per ...
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DAIRY & DAIRY PRODUCTS
Amul opens outlets in Ahmedabad bus stands
WAITING at a bus stand could prompt many passengers to look around for something to munch or drink. Taking the opportunity, the Gujarat Co-operative Milk Marketing Federation Ltd, popularly known by its brand name `Amul', has drawn plans to open ...
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COTTON
COMMODITY COMMENTARY
Cotton concerns cry for prompt attention
AN unprecedented 16 per cent expansion in global cotton output forecast for 2004-05 combined with a modest rise of 2.5 per cent in world cotton consumption is set to play havoc in the market, with primary producers, especially in developing ...
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OILSEEDS & EDIBLE OIL
Finance Ministry clarifies on palm oil imports — Consignments not meeting carotenoids norm to attract 75 pc duty
THE Finance Ministry has clarified that imported crude palm oil (CPO) or crude palmolein consignments not meeting the stipulated minimum 500 mg per kg total carotenoids specification would attract 75 per cent basic customs duty. The ...
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SPICES & CONDIMENTS
New vanilla auction centre in Kerala
KOTTAYAM: The eighth auction centre of the All-Kerala Vanilla Growers' Association (AKVGA) will be opened by the District Collector, Mrs Rani George, at Ettumanoor near here on Thursday. Three more auction centres will come up soon, ...
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MARKETING
New scheme to bring farmers, exporters together
FOR 100 farmers of Neyattinkara in Thiruvananthapuram district, finding regular buyers for the bananas and string beans grown on their farms may soon be an easy affair. Thanks to a project supported by the State Agriculture Department and the ...
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