THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Thursday, August 03, 2000

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Agri-Business

Agriculture
No move to discontinue paddy purchases
THERE is no move by the Government to shift `overnight' to a 100-per cent levy system of rice procurement for the Central pool during the 2000-01 kharif marketing season, beginning October.

Commodities
Wool imports may touch 25.5 mkg
THE country's wool imports from Australia are estimated to be a record 25.5 million kg (mkg) during the 1999-2000 (July-June) season, up by nine per cent from the previous season's 23.3 mkg. In the July to April period, imports increased by 16 per cent t o 22.5 mkg from 19.3 mkg a year ago.

Corporate
Agro Tech net up in Q1
AGRO Tech Foods Ltd (ATFL), formerly ITC Agro-Tech Ltd, has registered a net profit for the first quarter of the current fiscal year ended June 30, 2000 as against a net loss during the corresponding period last year and also for the entire year.

Food & Dairy Products
CFTRI plans nodal Codex lab in Mysore
THE Central Food Technological Research Institute (CFTRI) will be setting up a `nodal Codex lab' to extend reference facility to small-scale units to access information on nutrition and quality values of additives and ingredients used in food processing.

Tea
Gosstandard quality norms awaited -- Exporters' drive to check poor teas entering Russia
GOSSTANDARD, the Russian agency for standards, is currently working on upgradation of tea quality norms for the internal market and the expectation of Indian exporters is that the entry of poor quality tea in Russia will be substantially checked when Gos standard norms are brought into effect.


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