The Hindu Business Line : Monday, March 28, 2005

`Mills need not be exempted from export rules' — Mr Manickam, Vice-Chairman and Managing Director, Sakthi Sugars Ltd
EVEN as there is talk of importers of raw sugar under the advance licence (AL) scheme being exempted from export obligations on payment of a nominal customs duty, the largest importer, Sakthi Sugars Ltd (SSL), has held that ``there is no need for ... More

Ministry seeks proof of export orders to issue new licences
IN an apparent move to put the brakes on duty-free import of raw sugar against advance licences (AL), the Commerce Ministry is now reportedly asking mills to furnish proof of confirmed export orders prior to issue of new licences. ``There is no ... More

TEA

Mixed trend at Kochi tea sale
A MIXED trend persisted for almost all varieties of tea at the Kochi tea auction. Though the dust sale witnessed a good general demand, it was comparatively low for leaf varieties. Of the quantity of 9,36,000 kg on offer in the dust category, ... More

TECHNICAL ANALYSIS

Cotton futures may move up
New York cotton futures settled higher on Thursday ahead of the Easter holiday break, as the markets waited anxiously for the next week's government plantings report. Fibre contracts fell back on speculative fund sales and automatic sell orders ... More

WTO

Focus on agriculture in WTO
While the G-20 has made its stand clear on the importance of agriculture, crucial is the nature of the response by the US and the EU. The developed countries have been using every means at their disposal to drive as hard a bargain as possible with th e developing world on various issues. The commitment of the rich to the WTO regime itself is now under test, and the G-20 should use this opportunity to get its pound of flesh without making too many sacrifices elsewhere. More

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