Business Daily from THE HINDU group of publications
Wednesday, January 03, 2007
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Agri Prices (Jan. 02)
Sugar S301552 (1547)
Ground ready585 (585)
Coconutoil ready5300 (5300)
Pepper garbled ready10800 (10400)


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AGRI-BIZ & COMMODITIES

CULTIVATION
Chilli set for correction on hopes of bumper crop
Kharif production may rise over one lakh tonnes More

CONTRACT FARMING
Syndicate Bank, Godrej Agrovet sign MoU
Oil palm cultivation in Uttara Kannada More

INSIGHT
When will farmers earn as much as the lowliest government employee?
As salaries rise in government jobs, and faster still in the private sector, farm incomes are getting less and less attractive. Consolidation of holdings may be an answer, but creating jobs in services and industrial sectors for more than 10 crore fa rmers and as many farm workers is mind-boggling. K. VENUGOPAL wonders if the country is ready for this challenge. More

FERTILISERS
FACT begins ammonia imports
As part of cost reduction measures, the public sector FACT has started using imported ammonia for the production of fertilisers. The first consignment of imported ammonia (7,200 tonnes) from Saudi Arabia was unloaded to the storage tank at ... More

INFRASTRUCTURE
AP orders work on irrigation projects
Dr Y.S. Rajasekhara Reddy, Andhra Pradesh Chief Minister, has directed the Irrigation Department officials to commence work on Indira Sagar and Rajiv Sagar projects immediately. The two projects would irrigate four lakh acres of land in ... More

RUBBER
Bullish trend continues in spot rubber
Physical rubber prices maintained the bullish mood on Tuesday. The absence of global guidance since major international markets continued to remain closed on New Year holidays does not seem to neutralise the domestic sentiments. Sheet rubber ... More

TEA
New marketing initiatives for tea planned
The Tea Board plans to launch a new marketing initiative, which will include foray into new markets such as Iran, Pakistan, Vietnam and Egypt, said the Union Minister of State for Commerce, Mr Jairam Ramesh. Renewed efforts in traditional ... More

DAIRY & DAIRY PRODUCTS
Late delivery
BLAME IT ON FOG: A train from Haryana carrying milk cans arrived in New Delhi late on Tuesday due to fog. Special trains are run for transporting milk to meet the demand in the Capital. ... More

FOODGRAINS
Carryover stocks of grains seen declining
The world needs more grains in 2007 in order to augment supplies and contain prices. Rising prices of major crops such as corn (maize), wheat and oilseeds, caused mainly because of large-scale diversion for bio-fuel purposes, has resulted in ... More

AGRICULTURAL INSTITUTIONS
Go for non-rice crops in AP to ease drought impact: World Bank
`Govt must introduce micro-finance, insurance schemes' More

COTTON
Fresh arrivals
More

OILSEEDS & EDIBLE OIL
Rise in palm oil prices to hit FMCG cos
Other sectors likely to be affected by the spike are food, chemical, cosmetic and pharmaceutical industries. More

SPICES & CONDIMENTS
Pepper prices up on buying support
Spot rates also increase More

Chana, maize futures decline
Fresh rabi arrivals pulled down chana futures on NCDEX on Tuesday by 2.71 per cent on NCDEX to Rs 2,299 a quintal. Maize futures were also down 1.61 per cent at Rs 733 a quintal as the area under cultivation has gone up by 10 per cent to 2 ... More

AGRICULTURAL POLICY
No Govt notification yet on allowing sugar exports
Mills in a dilemma on enquiries from prospective buyers More

EVENTS
Meet to discuss rabi prospects in Delhi on Jan 7
A national conference on rabi season agricultural commodities will be held in New Delhi on January 7. Organised by Agriwatch, an agricultural domain services specialist, the event will bring together physical and derivatives markets ... More

CO-OPERATIVES
HC ruling on subsistence allowance for suspension period
Co-operative society case More

PEOPLE
New executive director for IPC
Mr Dede Kusuma Edi Idris, who was appointed as Executive Director of International Pepper Community (IPC) by the 34th Annual Session at its Executive Meeting of Heads of Delegation held in Kandy on September 5, 2006, has assumed ... More






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