AGRI-BIZ & COMMODITIES
FARM CREDIT
Crop loans rescheduled in TN
THE National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 500 crore to 15 district central cooperative banks (DCCB) to help them assist the Tamil Nadu State co-operative banks extend crop loans, according to an official ...
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RICE
TN keen on `zero' VAT rate for rice
THE Tamil Nadu Finance Minister, Mr C. Ponnaiyan, wants the Empowered Committee of State Finance Ministers on Value Added Tax (VAT) to allow his State to categorise `rice' among the list of items (permitted list) on which the VAT rate could be ...
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AQUACULTURE
Mariculture for fishermen suggested
IDENTIFICATION of certain areas in the Gulf of Mannar Biosphere Reserve to enable fishermen take up mariculture, has been recommended to the Ministry of Environment and Forests, the Head of the Fisheries Environment Management Division at the ...
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INSIGHT
Farming in US and India — The ground reality on subsidies
A comparison of farm production costs in India with those in the US reveals that the Indian farmer is clearly cost-competitive relative to his American counterpart in virtually every item. How do Indian farmers produce crops at a lower cost, despite their yields being nowhere near American or European levels? Harish Damodaran finds out.
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RUBBER
Rubber prices remain firm
DOMESTIC rubber prices remained firm on Friday. Though the covering groups were rather inactive, enquiries from other sectors helped the market sustain at current levels. Sheet rubber RSS 4 closed at Rs 51 a kg, against Rs 50.50 on Thursday. ...
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SUGAR
TN: Sugar mill privatisation flayed
MADURAI: Members of the opposition parties in Tamil Nadu led by the former Minister and Kumbakonam MLA, Mr Ko.Si. Mani, staged a demonstration at Thanjavur, protesting the move to privatise the State Government-owned Arignar Anna Sugar ...
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TEA
Terai group acquires Sayedabad tea garden
THE Rs 200-crore Terai Tea Group has concluded the acquisition of the ailing Sayedabad Tea Co Ltd, which owns one tea garden in Darjeeling. According to Mr Ajit Kumar Agarwala, Managing Director of Terai Tea Co, the group's flagship and only ...
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Good demand for teas in Kochi sale
A GOOD demand resulted in the spurting of prices of almost all varieties at the Kochi Tea Auction. Of the 7.03 lakh kg on offer in the dust varieties, low priced CTCs witnessed a steady to firm market. The best CTC varieties commanded prices ...
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Teaserve bids attract lower prices
EVEN as the Teaserve, the world's first electronic auction centre for tea, celebrated its first birthday on Friday, producers who sold their teas through this centre are counting lesser cash than those who chose any other auction ...
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WATER
Water levels decline in Kerala
THIRUVANANTHAPURAM: Water levels at the three main reservoirs in the State have declined compared to the last week, according to figures released by the Central Water Commission. The level fell down from 2374.10 ft to 2373.73 ft at ...
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COTTON
Cotton Corpn to set up 55 purchasing centres in AP
THE Cotton Corporation of India would be establishing 55 cotton purchasing centres in Andhra Pradesh this year following the State Government's estimates that the production would be 15 per cent higher than last year. The State Government had ...
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OILSEEDS & EDIBLE OIL
Inflation marginally up on costlier edible oils
THE annual wholesale price index-based inflation rate rose marginally to 7.87 per cent for the week ended September 11, mainly due to costlier manufactured products including some edible oils, according to data released by the Ministry of ...
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Lower production may hit groundnut meal exports
WHILE fiscal 2003-04 has seen a four-to-five-fold increase in export of groundnut extractions to 1.3 lakh tonnes valued at Rs 100 crore (up from 28,665 tonnes worth Rs 19 crore in 2002-03), prospects for exports are not bright in the current year ...
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POULTRY
AP ranks third in chicken consumption
ANDHRA Pradesh stands third in the country, after Kerala and Tamil Nadu, in chicken consumption and Bromark (the All-India Broiler Farmers' Marketing Co-operative Ltd) is holding chicken melas in different parts of the State to boost consumption, ...
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SPICES & CONDIMENTS
Madagascar dashes hopes of vanilla growers
Two cyclones that hit Madagascar earlier this year were projected to have wrecked the vanilla crop there. But that hasn't happened. And that has left the growers here scrapping the barrel.
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