The Hindu Business Line : Saturday, February 05, 2005

FMC to raise staff strength
THE total aggregate volume of commodities exchanges in the country has touched Rs 4,00,000 crores during the 10 months of the current financial year from Rs 30,000 crores a few years ago, Mr S. Sundareshan, Chairman of the Forward Markets ... More

STORAGE

More warehousing godowns in AP
VISAKHAPATNAM: The State Warehousing Corporation plans to build more godowns and increase storage space to help the farmers in the State, according to its Chairman, Mr S. Ramakrishna Reddy. Mr Reddy, who assumed charge recently, said at a ... More

AQUACULTURE

US trade body invites comments on tsunami impact on seafood sector
THE US International Trade Commission (ITC) has invited comments from the public and interested parties on the impact of tsunami on seafood industries in India and Thailand to determine whether the present situation warrants a review of the ... More

Tuticorin Fisheries College to train youth in lobster farming
THE Fisheries College and Research Institute (FCRI) at Tuticorin is to engage itself in popularising crab and lobster fattening technologies. According to FCRI Dean, Dr R. Santhanam, the `Bay Lab', assisted by the Department of Bio-technology, ... More

COMMODITIES

Inflation declines on cheaper food, edible oils
THE annual wholesale price index-based inflation dropped by 0.05 per cent to 5.37 per cent for the week ended January 22, mainly due to cheaper vegetables and fruits, edible oils, fuel and manufactured products. The point-to-point inflation index ... More

RUBBER

Rubber turns weak on slack trading
SPOT rubber prices turned weak on Friday as market participants kept low trading interest. The activities were narrow in the absence of quantum transactions. The exceptions were ISNR 20 and latex, which were steady and inactive. NMCE rubber ... More

SUGAR

Dwarikesh Sugar planning to repay high-cost debt
DWARIKESH Sugar Industries, an integrated sugar manufacturer, is restructuring its high-cost debt. "The company is trying to reduce the interest cost on its loans through repayment and structuring of high-cost loans. The company has taken term ... More

DAIRY & DAIRY PRODUCTS

Amul aims at trebling milk exports this year
PURSUING an ambitious target to market Amul milk in 50 cities across the country, the Gujarat Cooperative Milk Marketing Federation (GCMMF) is also striving to enhance its presence in the overseas milk market. From Rs 50 crore last year, GCMMF is ... More

COTTON

Market intervention to hold prices — Procurement may cost Cotton Corp Rs 325 cr
STATE-owned Cotton Corporation of India Ltd (CCI) is likely to suffer losses in excess of Rs 325 crore in the current year for protecting cotton farmers' interests at a time when both global and domestic production has peaked and prices have ... More

The unbearable heaviness of monopoly scheme
When the Government started to walk its talk, it realised that it had bitten off more than it can chew and now a loss of "at least Rs 1,500 crore for this year alone" is projected. More

OILSEEDS & EDIBLE OIL

Vegoil imports increase
VEGETABLE oil imports last month touched four lakh tonnes, thanks to a decline in international prices. In the previous two months, imports averaged a little over three lt a month. According to estimate made available to Business Line by ... More

Carotenoid norms relaxed for crude palm oil import
THE Government has diluted the carotenoid norms but doubled the acid value requirement for crude palm oil imports to be eligible for 65 per cent customs duty. In a notification on Friday (No. 7/2005), it said palm oil with carotenoid value ... More