AGRI-BIZ & COMMODITIES
FARM CREDIT
Chidambaram to review farm loans
THE Finance Minister, Mr P. Chidambaram, has decided to review the 2004-05 agricultural lending programme of public sector banks in a meeting to be held at Delhi on September 9. The meeting has been called in the wake of the policy package ...
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Maharashtra to bear interest on farm loans
THE Maharashtra Government decided on Tuesday to bear the interest on agricultural loans borrowed by the small and marginal farmers in the State for the current kharif and previous rabi seasons. The Chief Minister, Mr Sushilkumar Shinde, who ...
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Kisan Credit Card scheme to be enlarged
HYDERABAD: The Kisan Credit Card (KCC) Scheme, which has been introduced as a credit delivery mechanism for crop loans, is now being enlarged to include term loans for agriculture and allied activities, including a reasonable component to ...
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CULTIVATION
Captive cultivation of cotton catching on among mills
THE textile sector, which was so far opposed to the idea of captive cultivation of cotton, is reconsidering its decision. Select units have, on a trial basis, taken the initiative to cultivate cotton in their backyards to experience for ...
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INSIGHT
WTO framework for global trade — Farm sector can grow without subsidies
All direct farm subsidies given by developed countries to their farmers, as opposed to multi-purpose subsidies, should be clearly identified and targeted for elimination within a specified time-frame.
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RUBBER
Rubber prices continue to dip
According to sources, the decline is also attributed to the proposed truckers' strike on August 21. In view of the strike, major traders are not procuring as they cannot send the consignments to their clients. RSS 4 weakened to Rs 54 from Rs ...
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SUGAR
Limited stocks drive jaggery prices up
JAGGERY (Gur) prices, particularly at the Sangli wholesale market, a major jaggery trading centre in Maharashtra, have shot up by Rs 250-Rs 300 per quintal in the past fortnight due to reduced stocks coupled with sustained demand from upcountry ...
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TEA
Buying props up tea prices at Coonoor
FORCEFUL buying from Hindustan Lever Ltd (HLL) helped the market to look up when 12.39 lakh kgs of teas were offered for sale at the auctions conducted by the Coonoor Tea Trade Association (CTTA) here this weekend. HLL bought better medium and ...
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GOLD & SILVER
Producer gold de-hedging gathers pace in Q2
PRODUCER de-hedging of gold accelerated in the second quarter of the year as reflected in the slashing of outstanding producer hedge positions by 3.4 million ounces (106 tonnes). In its latest hedging report, the London-based GFMS Ltd, a ...
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FOODGRAINS
Pulses output hit as cultivation shifts to marginal areas — Output unlikely to exceed 13 mt this year
AFTER touching an all-time high of 15.23 million tonnes (m.t.) during 2003-04, pulses production is set to falter yet again this year. According to the Agriculture Ministry, the progressive area sown under kharif pulses so far this year, at ...
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SILK
Mysore Silks to protect its IPR; seeks geographical indication
THE name `Mysore Silk' may be on its way to becoming just as special as Champagne, Bordeaux or Scotch. And just as well guarded as any of them. Copycats beware. The Karnataka Silk Industries Corporation has applied to get its elegant, ...
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SPICES & CONDIMENTS
Spices Board plans large cardamom processing units
20 units at a total outlay of Rs 10 lakh will come up in the north-eastern States.
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NEW PRODUCTS & SERVICES
Netafim Irrigation launching short-term product range
NETAFIM Irrigation India, the Indian arm of Netafim, is launching a product range for the Indian market under the `Pravin G' name. The range, developed by Netafim Israel's R&D division, would be manufactured at Netafim India's Vadodara ...
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