Financial Daily from THE HINDU group of publications
Friday, December 20, 2002
Agri Prices (Dec 19)
Sugar S-301170 (1170)
Palm oil383 (382)
Ground ready474 (472)
Coconut oil ready5550 (5525)
Pepper garbled ready8800 (8800)

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AGRI-BIZ & COMMODITIES

FARM CREDIT


Nabard pegs Karnataka's credit potential at Rs 9,729 crore
THE National Bank for Agriculture and Rural Development (Nabard) has estimated a rural credit potential in Karnataka of Rs 9,729 crore for the year 2003-04, up from Rs 9,265 crore in 2002-03. The Chief General Manager, Nabard, Bangalore, Mr ... More

CULTIVATION


`Rabi crop yield to be down 50 pc'
BANGALORE: The effects of the drought this year has not fully passed, according to Chief Secretary and Development Commissioner, Mr B.S. Patil. "The feeling that the rabi crop will be good is not right," he warned. "We must not expect to ... More

RUBBER


Rubber prices rebound
RUBBER prices rebounded on Thursday with RSS-4 touching Rs 44.50 on reports of buyers and sellers being active. The market trends appears generally favourable for transactions. Buyers were busy mopping all grades, especially RSS 4 and ungraded, ... More

TEA


Tea trade seeks to retain IT sops
THE tea industry has built up a case why the Union Government should retain the provision that allows deduction under Sec 33AB of the Income Tax Act that permits tea companies to get relief on the basis of expenditure incurred for approved ... More

PRECIOUS METALS


Local demand muted
GOLD spurted further this morning across markets amid unabated geo-political concerns and utter lack of investor confidence in the currency and equity markets. Confirming the bull run, in London the yellow metal opened higher by $7 an ounce ... More

INDUSTRY ASSOCIATIONS


  • Seed assn to be based in Hyderabad

    OILSEEDS & EDIBLE OIL


    Edible oil refiners under TN sales tax probe net
    THE Tamil Nadu Sales Tax Department is looking into the books of some leading edible oil refiners to identify possible venues of tax evasion, according to industry sources. The action follows the move by a section of the edible oil trade ... More

    AGRICULTURAL POLICY


    Rs 5/qtl hike in sugar SMP
    Assuming that total quantity of 170 million tonnes is crushed in the season, the extra Rs five per quintal would translate into an additional burden of around Rs 850 crore for the industry. More

    EVENTS


    Farmers' meet on January 3
    THE Federation of All-Farmers' Associations has reiterated its demand for payment of Rs 217.66 crore arrears to sugarcane farmers. The amount, the Federation President, Mr K.P. Ramalingam, noted was due on the cane procured by the 16 ... More
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