The Hindu Business Line : Saturday, July 31, 2004

COMMODITY EXCHANGES
Seminar on commodities in Hyderabad
HYDERABAD: The need for strengthening market infrastructure and leveraging technology for growing commodity trading in India was emphasised by the speakers during the launch of a programme on "Commodities Futures Market" at the ... More

RICE
Satnam Overseas net up
SATNAM Overseas on Friday declared 32.7 per cent higher net profit at Rs 3.45 crore on 36.33 per cent lower net sales of Rs 101.12 crore for first quarter ended June 30, 2004. Said the Joint Managing Director, Mr Gurnam Arora: "The results for ... More

CLIMATE & WEATHER
Monsoon situation turns from bad to worse
THE monsoon situation seems to be drifting from bad to worse. For all the talk of a `revival' having taken place over the past few days, the latest information from the India Meteorological Department (IMD) reveals that the country as a whole has ... More

SEEDS
Mittabagilu houses treasure of paddy, vegetable varieties
GULVADY Sanna, Atikaraya, Atikaya, Gandhasale are some of the paddy varieties grown in Mittabagilu, a village in Belthangady taluk of Dakshina Kannada district. Thanks to the seed bank set up there, now the village has more than 40 such local ... More

AQUACULTURE
US slaps 14.2 pc duty on shrimp from India
THE US Department of Commerce announced its preliminary determination in the anti-dumping investigation and imposed 14.2 per cent duty on shrimp imports from India. At a press meet here on Friday, Mr G. Mohan Kumar, Chairman of the Marine ... More

Ban on deep-sea fishing in Karnataka
MANGALORE: THE Department of Fisheries has warned fishermen that action will be taken against those violating ban on deep-sea fishing. A press release by the Directorate of Fisheries, Bangalore, said here on Friday that the use of ... More

RUBBER
Rubber rates under pressure
PHYSICAL rubber prices remained under tremendous pressure as all the grades fell sharply on Friday. Sheet rubber was quoted at Rs 59 against Rs 62 a kg amid low arrivals. Sellers panicked as it was difficult even to find out a buyer for low ... More

DAIRY & DAIRY PRODUCTS
Tulya to enter dairy products
MADURAI: Tulya Food Products Pvt Ltd, in Perambalur district, has decided to foray into the manufacture of value-added dairy products soon. According to Mr R. Balakrishnan, Managing Director, the plant at Naranamangalam in Kunnam taluk, ... More

FOODGRAINS
World grain prices weakening
BUOYED by a substantial increase in world wheat output and with consumption likely to marginally trail production, global end-stocks in 2004-05 will reverse their declining trend of last four years and are set to rise. However, adverse weather ... More

AGRICULTURAL INSTITUTIONS
Timely Nabard credit line for farmers
PERHAPS, for the first time, the National Bank for Agriculture and Rural Development (Nabard) is setting up a Rs 6,000-7,000-crore liquidity support facility to fund-distressed farmers. With the Central and State Governments gearing up for a ... More

TOBACCO
AP tobacco growers decry Karnataka barn regularisation
THE decision of the Union Commerce Ministry to regularise the unauthorised tobacco barns in Karnataka, numbering more than 29,000, has been criticised by the Andhra Pradesh Virginia Tobacco Growers' Association. It has urged the Tobacco Board to ... More

POULTRY
SKM Egg Products in expansion mode
POULTRY major SKM Egg Products Export (India) Ltd is on a move to the take over the Hyderabad-based Indo Dutch Proteins, another egg-processing outfit, which is currently under the reigns of the Board for Industrial and Financial ... More

DERIVATIVES MARKETS
MCX flags off cotton futures
COTTON futures trading, launched by Multi-Commodity Exchange of India Ltd. (MCX) on Thursday evening, commenced with a discount of nearly Rs 2,000 per candy over the spot price ex-Mumbai on hopes of revival of monsoon. Mr Vishwa Nath, Chairman ... More

WTO
India batting well at Geneva
THE Union Minister for Commerce and Industry, Mr Kamal Nath, was about to brief the Indian media in Bangkok about the successful outcome in the talks with Thailand on the Free Trade Agreement (FTA) when his mobile phone rang. "The text is ... More

CO-OPERATIVES
Meet on uniform policy for minor forest produce
A CONVENTION will be organised at Raipur, the capital of Chhattisgarh, in September to discuss the procurement and marketing of minor forest produce in different States and the possibility of evolving a national policy. This was stated here at ... More