AGRI-BIZ & COMMODITIES
FARM CREDIT
AP move to outlaw usurious rates on farm loans
The State Cabinet has also decided to sanction dearness allowance to Government employees and aided institutions, including universities.
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CLIMATE & WEATHER
Bay systems blamed for lack of July rains
FEWER than required number of active low-pressure systems in the Bay of Bengal and disadvantageous positioning of those that materialised may have contributed to the failure of the southwest monsoon during the crucial month of July. At least ...
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COMMODITIES
Commodity prices turn bullish
PRICES of various commodities— from grains to milk to edible oils— are turning bullish since June-end, when monsoon began to play truant. Though monsoon has revived since last week, fears of lower productivity still haunt the market. As ...
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HORTICULTURE/FRUITS & VEGETABLES
As rains wash out supply, vegetable prices shoot up in Mumbai
VEGETABLE prices at the Vashi wholesale APMC market have increased significantly in one week because daily supplies from major centres reduced sharply thanks to heavy rains in the State. Prices of green vegetables, green leaf vegetables and ...
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RUBBER
Rains keep rubber firm
INCESSANT rains all over the plantations kept the spot rubber prices firm on Wednesday. The covering groups and purchase agents turned active once again as the rains would continue according to weather predictions. The futures market also ...
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RPG Group drops rubber business consolidation plans
THE inordinate delay in getting the merger plans okayed, as the approval from the Kerala High Court is still awaited, has forced the RPG Group to drop its plans of consolidating its natural rubber business. On Tuesday, the boards of ...
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SUGAR
Price rise sweetens sugar stocks
SHARES of sugar companies are back in the limelight due to the rise in sugar price and expectation of shortfall in production during the current season, brokers said. They said due to shortage of sugar production, most of the sugar companies ...
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COTTON
Cotton prices may plunge further
HIGHER market prices during 2003-04 (averaging 69 cent per pound) are expected to boost world cotton output to record levels in 2004-05. As production is forecast to exceed consumption during the year leading to an increase in world ...
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OILSEEDS & EDIBLE OIL
Icrisat gets GM groundnut ready for open field trials
THE International Crops Research Institute for the Semi-Arid Tropics (Icrisat) has developed genetically-modified (GM) groundnut and pigeon pea (arhar or tur) varieties, resistant to Indian Peanut Clump Virus (PCV) and bollworm (Helicoverpa ...
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COFFEE
Coffee grower-members to get Rs 1,000 — Price stabilisation fund gets going
COFFEE growers subscribing to the price stabilisation fund (PSF) scheme unveiled by the Government in April 2003 will be the first beneficiary as 2003 has been declared a distress year for coffee. The scheme enables each coffee member-grower to ...
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TOBACCO
SC ruling on Pan masala, gutkha: Health bodies to approach Centre for ban
Union Health Ministry officials point out that the Tobacco Control Act only tackles sale in public places, sale to children, advertising and labelling issues. It does not touch the manufacture of tobacco products.
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SPICES & CONDIMENTS
Little impact likely on Kerala move to procure pepper
THE Kerala Government's decision to procure pepper in a bid to help the growers is unlikely to yield the desired results unless its imports from Sri Lanka is curbed, according to trading sources here. "We have a strong domestic market and as ...
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NATURAL CALAMITIES
MP visits Anantapur farmer who survived suicide bid
A NEWLY-MARRIED farmer of Anantapur, who made an unsuccessful bid to commit suicide at Araku and is now being treated at the King George Hospital here, was visited by Bhadrachalam MP, Mr M. Babu Rao, on Wednesday. Mr Rao consoled the farmer and ...
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