Agriculture
Marked decline in edible oil prices
THERE has been a marked decline in the domestic edible oil prices with rapid rise in the imports. Compared to the average prices of edible oils in the past 9 years, the price of sunflower oil today is lower by 21 per cent, cottonseed oil by 18 per cent, palmolein by 26 per cent, soyabean oil by 25 per cent and rice bran oil by 18 per cent.

Flour mills seek more cut in wheat prices
CONSIDER this. Wheat is available from the FCI godowns to the southern flour millers at Rs 743 per quintal. It is available for export at Rs 415 per quintal. So, theoretically, if you procure export wheat at Rs 415 and then import it into the country aft er paying 50 per cent duty, you have wheat that costs Rs 622.50 a quintal, still lower than the FCI prices!

Plantations
Time to focus on value-added spices
SPICES exports, which fetch over Rs 1,500 crore annually, have witnessed a drop in both the volume of shipment and the value earned in dollars so far this year.

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