Financial Daily from THE HINDU group of publications
Wednesday, October 02, 2002
Agri Prices (Oct. 1)
Sugar S301303 (1295)
Palm oil343 (343)
Ground oil ready433 (435)
Coconut oil ready4450
Pepper garbled ready9900

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RESEARCH & DEVELOPMENT


Monsanto teams up with UAS
BANGALORE: Biotechnology major, Monsanto, has roped in the University of Agricultural Sciences (UAS), Bangalore to work on identifying `drought tolerant genes,' even as its scientists intensify research on drought-tolerant crops. ... More

COMMODITY EXCHANGES


Cofei plans fresh start from Nov
THE Coffee Futures Exchange of India (Cofei) is planning to close all deals before starting fully afresh sometime after Diwali. The exchange may also shift office out of its present location in the Bangalore Stock Exchange. Besides, it ... More

AQUACULTURE


US shrimp units mull dumping suit
SHRIMP industry representatives in the US are reportedly coming together to discuss filing a lawsuit against countries whose rock bottom shrimp prices have hurt the US shrimp industry. According to sources, a successful lawsuit could result in ... More

POWER


TNEB proposes hike in tariffs — Wants to end free power to farm sector
THE tariff petition filed by the Tamil Nadu Electricity Board before the Tamil Nadu Electricity Regulatory Commission seeks an increase in tariffs for different categories of consumers. It suggests an increase of about 12 per cent for high ... More

RUBBER


High Court vacates ban on rubber import
THE Bombay High Court has `vacated' the Centre's decision prohibiting import of natural rubber through the advance licence route. "The Court has today vacated the Centre's circular issued in February 1999 and the notification issued later this ... More

Rubber market inactive
THE rubber market continued to remain paralysed on Tuesday without any ups and downs. Arrivals were sparse due to continued attempts to hold on the stocks at the producing points. However, thin arrivals helped the market to maintain its ... More

SUGAR


Finance Ministry warning against raw sugar imports
THE Finance Ministry has expressed concern over import of raw sugar by advance licence (AL) holders under the existing Standard Input-Output Norm (SION), which, it says, ``may cause substantial amount of revenue loss and may result in a ... More

Centre trying to prop up sugar?
IT is clear now that there is a conscious attempt being made by the Centre to regulate open market availability of sugar as a means for stemming the current downtrend in prices. The accompanying Table gives the total quantity of sugar ... More

TEA


Rangaiah re-elected TTA Chairman
COIMBATORE: Mr T. Rangaiah was re-elected Chairman of the Tea Trade Association of Coimbatore for the year 2002-03 and Mr N. Anand of Sakthi Associates was elected Vice-Chairman of the association after the 20th AGM of the association ... More

AGRICULTURAL INSTITUTIONS


Apeda plans to set up cold storage facility in Sharjah
THE Agricultural and Processed Food Products Export Development Authority (Apeda) is planning to enter into an arrangement with the Hamriyah Free Zone in Sharjah Emirate to set up cold storage and warehousing facilities. Mr A.S. Rawat, General ... More

AGRICULTURAL POLICY


Drought bonus for farmers — Kharif procurement prices hiked Rs 5-20 per quintal
THE Centre has announced an additional `drought relief' ranging from Rs 5 to 20 per quintal for various kharif crops to be marketed during the current year. The announcement follows the meeting of various Chief Ministers and leaders of the ruling ... More

TN CM asks Centre to hike bonus on paddy
THE Tamil Nadu Chief Minister, Ms J. Jayalalithaa, has asked the Prime Minister to hike the bonus announced on paddy and also come out with a suitable relief package for farmers in the context of widespread drought in the country. According to ... More

IPR


Move in join UPOV — Farmers' rights in jeopardy
THE recent green signal from the Union Cabinet to the Agriculture Ministry proposal to join the International Union for the Protection of New Varieties of Plants (UPOV) comes as a rude shock and surprise. Shock because it will neutralise some or ... More
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