The Hindu Business Line : Monday, December 06, 2004

TEA
Tea traders concerned over new VAT rate under RNR category
EVEN while welcoming the proposed tax regularisation system - VAT (Value Added Tax), the entire trade community comprising tea producers, buyers and traders have come together in requesting the Empowered Committee of State Finance Ministers on ... More

Coonoor teas slip on poor demand
ELECTRONIC auctions were held at this week at the the Coonoor Tea Trade Associations, but the response of the buyers was poor. "The attendance continued to be low and participation of the buyers in the bids was still lower. Only a very few ... More

TECHNICAL ANALYSIS
Downward tweak in cotton
NYCE cotton futures finished lower on Friday on speculative sales on the back of follow-through pressure as stop losses were triggered on the downside. Cotton futures recovered from their recent lows due to profit-taking and short covering, but ... More

DAIRY & DAIRY PRODUCTS
Milk prices likely to go up in Kerala
THIRUVANANTHAPURAM: The State Government is examining a proposal to raise the price of milk marketed by Milma, the cooperative marketing federation, by Re 1. Announcing this, the Agriculture Minister, Ms K.R. Gowri Amma, told ... More

COTTON
Cotton prices to rule soft
WORLD average cotton prices that had climbed to 68.30 cents a pound in 2003-04 are expected to rule much lower in the current year following record world cotton production. The Cotlook A-Index is forecast to average 49 cents a pound in ... More

SPICES & CONDIMENTS
Pepper drifts south
UNCERTAINTY over the Kerala Government's plan to procure pepper as a market intervention exercise has pushed down the prices of the commodityafter an increase last week. Spot prices of MG 1 and ungarbled on Saturday were Rs 6,400 and Rs 6,100 ... More

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