The Hindu Business Line : Saturday, May 21, 2005

Cess on basmati rice removed
THE Commerce Ministry has decided to remove the cess of Rs 50 per tonne collected under the Basmati Development Fund (BDF), according to Mr Anil Kumar Mittal, Chairman and Managing Director of KRBL. Rice exporters are currently contributing Rs ... More

CULTIVATION

Union Bank agri-clinics scheme
MUMBAI: Union Bank of India has launched a scheme under which it will finance agricultural graduates to set up agri-clinics in the rural areas. These clinics will provide expert services to farmers on cropping practices, technology ... More

AQUACULTURE

Panel to look at revival of sick seafood units
THE Government has set up a committee, comprising representatives of the Finance and Commerce Ministries, Indian Banks Association (IBA), RBI and the Export Credit Guarantee Corporation (ECGC), to look into the rehabilitation of sick seafood ... More

RUBBER

Rubber down on profit-booking
SPOT rubber prices were quoted slightly lower on profit booking emerged at higher levels. Sheet rubber closed at Rs 64.50 after touching an intra-day low at Rs 64 against Rs 64.75 a kg both at Kottayam and Kochi. Most of the buyers ... More

BIO-TECH & GENETICS

GEAC tightens norms for Bt cotton approval
EFFORTS to introduce competition in the domestic Bt cotton market have received a setback with the Genetic Engineering Approval Committee (GEAC) introducing changes in approval procedure. The changes make the procedure stringent for Bt cotton ... More

Nod for more Bt cotton hybrids
THE Genetic Engineering Approval Committee (GEAC) on Thursday granted approval for commercial release of Bt cotton hybrids to Nuziveedu Seeds. They include NCS-145 Bunny Bt and NCS 207 Mallika Bt for Central and South zones, said official ... More

OILSEEDS & EDIBLE OIL

RBD palmolein, soya oil decline
RBD palmolein and soya oil refined imported declined on the local oils market on Friday in the absence of renewed buying interest amid increased offerings. Groundnut oil remained steady. Castor oil moved down marginally on scattered enquiries. ... More

SPICES & CONDIMENTS

Vanilla fails to lure buyers despite lower price
THE world vanilla market continues to witness a slump, as most of the major buyers are not in the market despite the rock-bottom price that has resulted in the trading limited to around 50 per cent of the total global production. The world ... More

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