AGRI-BIZ & COMMODITIES
RICE
EU to allow duty-free import of brown basmati
Under the new import regime, brown rice imports will attract a general tariff rate of 65 euros per tonne, while being zero for the seven specified basmati varieties.
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Alarm over shrinking paddy acreage in Kerala
IN a State, which depends on other States for three-fourth of its rice requirement, paddy fields are being reclaimed for non-agricultural activities reducing further the rice production apart from damaging the environment and ecological ...
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SEEDS
TNAU spots six centres to produce quality seeds
THE Tamil Nadu Agricultural University (TNAU) has identified six centres for commercial production of quality seeds. According to Prof S. Jebaraj, Head, The National Pulses Research Centre (NPRC), Vamban in Pudukottai district, the initiative ...
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RUBBER
Rubber steady despite resistance
STRONG buyer resistance and the absence of major manufactures failed to depress the spot rubber prices on Friday. All the grades closed steady while the arrivals were almost nil on intensified rains all over the State. Futures market weakened on ...
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WATER
TN farmers want sufficient build-up before release of water
FARMERS' representatives in the Cauvery delta have urged the State Government to ensure sufficient build-up of water in the Mettur reservoir before letting it open for irrigation. The wait would also give banks time to release crop loans. ...
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HCV/LCV/TRACTORS
Union Bank tractor loans
UNION Bank of India has signed a memorandum of understanding for a tractor financing arrangement with Indo Farm Tractors & Motors Ltd and L&T - John Deere Pvt. Ltd on all India basis. To be eligible for finance under this arrangement, the ...
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METALS
Heavy metal scrap — JNPT announces 2-month import freeze from Sept 15
REALISING that the sudden spurt in import of heavy metal scrap (HMS) by Punjab traders as a result of heavy speculation in the market regarding its price was largely responsible for the congestion at Jawaharlal Nehru Port (JNPT) in the past few ...
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JUTE
Shortage likely in raw jute supply
THE raw jute position is currently in a precarious state. While on one hand crop production is almost down by 25-30 per cent, on the other hand, the Union Ministry of Textiles in yet to announce the minimum support price (MSP). According to an ...
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OILSEEDS & EDIBLE OIL
Edible oil prices softening; imports may gather momentum
VEGETABLE oil import volume in July dipped from the previous month. The preliminary estimate of arrivals last month is 2.45 lakh tonnes (lt) according to data made available to Business Line by Oilmandi.com, an industry portal. Imports ...
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POULTRY
Poultry sector asked to go in for forward integration
INDIA'S poultry sector should pay greater attention to forward integrating production process to escape their produce being commoditised in the market place, according to Mr O.P. Singh, Chief Executive Officer of the Pune-based Venkateshwara ...
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SPICES & CONDIMENTS
Spices Board initiates action against clove importer
THE Spices Board has initiated action against a Delhi-based company for violating the Exim policy provisions by importing spices under advance licence scheme for exporting. As per the Exim policy provisions, "any manufacturer, who desires to ...
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