Business Daily from THE HINDU group of publications
Wednesday, Oct 03, 2007
ePaper


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Agri-Biz & Commodities - Spices & Condiments
Government - Agricultural Policy
Subsidy scheme for raising natural vanilla offtake

Our Bureau

Kochi, Oct. 2 Considering the plight of vanilla farmers in the country, the Union Commerce Ministry is working out a scheme to support them by providing a subsidy to ice-cream manufacturers in the co-operative and public sectors for using natural vanilla.

The Union Minister of State for Commerce, Mr Jairam Ramesh, said his Ministry had asked the Spices Board to prepare a scheme in this regard, which will be submitted to the Finance Ministry for approval.

This would be a three-year scheme with a subsidy of Rs 5 crore each year, he said, adding that this would enable to absorb 200 tonnes of natural vanilla beans by the ice cream manufacturers thereby increasing its domestic consumption.

The Minster told reporters here that he had also asked the Health Ministry for mandatory labelling of synthetic vanilla, which is being imported.

Mr Ramesh said India was only a marginal player in the international vanilla market and accounted for only 2 per cent of the international trade.

More Stories on : Spices & Condiments | Agricultural Policy

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Dropping index


Is the farmer-consumer conflict an illusion?
‘Farmers must get better price for their produce’
Re 1/kg excise duty on packet tea mooted
‘Financial package for sick tea gardens soon’
Coonoor tea prices dip on weak demand
Cotton trade resents Gujarat ginners’ move on packing charges
Kerala’s share in coconut output falls
Cashew convention in Feb
Subsidy scheme for raising natural vanilla offtake
‘Farmers not aware of online futures trading benefits’


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line