AGRI-BIZ & COMMODITIES
FARM CREDIT
Oriental Bank plans to raise tea sector lending
Oriental Bank of Commerce (OBC) proposes to enhance its exposure in tea advances. "In 2006-07, our tea advance amounted to Rs 40 crore, which we would like to raise to Rs 100 crore in 2007-08," Mr R.M. Sharma, General Manager for the Eastern ...
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WHEAT
ITC, Cargill, AWB buy over 5 lt wheat
Central procurement at 92.30 lt
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CLIMATE & WEATHER
`Low' forms but drives heat into TN, AP coasts
Some respite likely if it becomes a depression
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AQUACULTURE
Shrimp hatcheries, farms unite to improve quality
Following `more than usual' levels of disease outbreaks
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INSIGHT
Fertiliser pricing — Time to scrap the archaic scheme
The present fertiliser subsidy system is doing no good to farmers or agriculture, as the huge sums forked out by the tax-payer for subsidy payments are cornered by fertiliser producers, input suppliers and others in the supply chain. The Government s hould dismantle the system, and soon, says UTTAM GUPTA.
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RUBBER
Spot rubber prices unchanged
The domestic rubber prices closed almost unchanged on Friday. The markets were extremely weak in the morning session under the international influence but recovered towards noon in tune with Japanese markets. On the physical front, sheet ...
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TEA
Nod for closed tea gardens' financial package soon
The financial package prepared by the Commerce Ministry for the rehabilitation of the country's 33 closed tea gardens is now before the Planning Commission and the Finance Ministry for consideration, according to Mr Jairam Ramesh, Union Minister ...
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`5 Bengal tea gardens will be reopened shortly'
Jairam Ramesh meets owners of 11 of the 14 closed gardens
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Moderate fall in Kochi tea prices
There was a moderate fall in tea prices at the Kochi auction, which had 991,000 kg of dust tea on offer. Clean and good liquoring varieties were at last week's levels. High-priced CTC varieties eased by Rs 2-4, while medium CTC varieties eased by ...
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DAIRY & DAIRY PRODUCTS
SBI in pact with Heritage Foods
State Bank of India, Hyderabad, has signed a memorandum of understanding with Heritage Foods (India) Ltd to disburse Rs 100 crore for various needs of the dairy sector. According to a release, SBI would offer term loansto farmers for purchase ...
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OILSEEDS & EDIBLE OIL
COMMODITY COMMENTARY
Soya oil importers may gain from strong rupee
Soyabean oil importers are set to make a clean profit of around Rs 4,000 a tonne or nearly 10 per cent of the landed cost because of the sharp appreciation of the rupee and firm domestic prices. Import contracts were made at prices between $675 ...
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SPICES & CONDIMENTS
Increasing exports
SHORT-SUPPLY: Pepper being harvested at an estate near Kochi, Kerala. Short supply from other origins coupled with competitive prices led to an increase in the country's export of pepper last year. Exports showed a substantial increase to 24,673 ...
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Declining trend continues in pepper
Pepper futures market continued to decline on Friday on reports of fall in Vietnam pepper prices. The decline in Vietnam prices is said to be for FAQ 500 GL and not for Asta grade. In fact, Indian pepper is most competitive, market sources here ...
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EVENTS
Growth plan
FARM SECTOR: Prof Y. K. Alagh addressing a meet on `Strategy for accelerated and inclusive agricultural growth in the Eleventh Plan', in the Capital on ...
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Seminar on pest management
The Department of Grain Science and Industry, Kansas State University (USA) in association with Assocom India is organising a series of short seminars on pest management in different parts of the country. Called Pest Invasion ...
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