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Wednesday, January 12, 2005

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AGRI-BIZ & COMMODITIES

COMMODITY EXCHANGES


Open interest positions in sugar futures dip
THE National Commodity & Derivatives Exchange Ltd's (NCDEX) move to clamp higher margins on futures trading in sugar has seemingly helped quell excessive speculation in the commodity. An indication of this is provided by data on daily open ... More

FARM CREDIT


Banks look up to 'kisan melas' to market farm loans
THE Union Finance Minister's directive to double agriculture lending in the next three years seems to have made bankers look at every possible opportunity to attract farmers. Many of the banks are looking at `kisan melas' (agriculture ... More

AQUACULTURE


'India set for big leap in mussel production'
INDIA is poised for a big leap in mussel production as it is currently growing at the rate of 20-30 per cent, according to Dr M.J. Modayil, Director, Central Marine Fisheries Research Institute (CMFRI). The country, he said at present produces ... More

Tsunami: Fish safe for consumption, says study
SCIENTISTS at the Fisheries College and Research Institute (FCRI), Tuticorin, have said that the fish caught along the Nagapattinam coast is safe for consumption. According to FCRI Dean, Dr R. Santhanam, a study completed by the scientists of ... More

FERTILISERS


Variety-specific fertiliser for banana launched
THE National Research Centre for Banana (NRCB) at Tiruchi has introduced variety-specific fertilisers for the banana crop. According to director of the centre, Dr S. Sathiamoorthy, specific application will help to step up productivity and ... More

RUBBER


Rubber prices under pressure
RUBBER prices continued to remain under pressure on lack of support from major manufacturers amidst selling from traders and growers. The NMCE futures continued to remain weak except for its delivery month January, which was quoted at Rs 52.85 ... More

TAXATION


Wholesalers to protest against service tax in Mumbai
WHOLESALE agriculture produce markets at Vashi (Navi Mumbai), dealing in essential commodities such as food grains, sugar, jaggery and coconut, have decided to stop both loading and unloading from Wednesday night. This decision by the Grain, ... More

COIR


Centre okays coir cluster project for Alappuzha
THE Centre has approved the Rs 56.8-crore Alappuzha Coir Cluster Development Project (ACCDP) for upgrading the existing infrastructure facilities in the area. Of the total outlay, 75 per cent (Rs 42.6 crore) will come as grant under the ... More

OILSEEDS & EDIBLE OIL


Refiners lobby for change in carotenoid level
THE edible oil industry is agog with reports of an imminent change in the carotenoid specification for crude palm oil with some influential players having high-level political connection lobbying with the Government, especially the Ministry of ... More

Farm sector moots revolving fund for oilseeds
FARM sector representatives have urged the Finance Minister, Mr P. Chidambaram, to create a Rs 500-crore revolving fund under the Food Corporation of India to facilitate expeditious payment of support prices to oilseeds and pulses growers. The ... More

COFFEE


Commerce Ministry for scrapping export cess on coffee
THE Union Commerce Ministry will make a strong plea for removal of export cess on coffee in the current Budget, according to the Commerce Secretary, Mr S.N. Menon. Exporters should also separately lobby for it, he said, at the annual coffee ... More

SPICES & CONDIMENTS


Cured vanilla bean production estimated at 60 tonnes
VANILLA production during the current season (2004-05) is estimated at around 60 tonnes of cured bean (3,000 tonnes of green bean) and the entire quantity is likely to be exported this fiscal. The Spices Board expects to achieve an export ... More

OUTLOOK


YSR lays stress on micro irrigation project targets
THE Chief Minister, Dr Y.S. Rajasekhara Reddy, has directed the Commissioner of Horticulture, Mr Anil Punetha, to come out with a roadmap projecting month-wise targets for the next three months with regard to the implementation of the Rs ... More


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