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Saturday, April 09, 2005

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AGRI-BIZ & COMMODITIES

COMMODITY EXCHANGES


FMC asks NCDEX to explain delay in imposing margin on guarseed contracts
THE Forward Markets Commission (FMC), a regulatory body for commodity markets and futures exchanges, has called for a meeting of officials of NCDEX (National Commodities and Derivatives Exchange) on Monday to seek an explanation on why it delayed ... More

FARM CREDIT


Bengal Tools ties up with UCO Bank
BENGAL Tools Ltd, which is engaged in marketing power tillers, has tied up with UCO Bank for financing its products. A special scheme, named UCO Shrachi Sifang Krishi Jyothi, has been worked out under which the bank will finance without margin ... More

Nabard aid to Kerala totals Rs 1,346 cr last fiscal
THE National Bank for Agriculture and Rural Development (Nabard) sanctioned a total assistance of Rs 1,346 crore in Kerala in 2004-05. It disbursed refinance to the tune of Rs 448 crore during the year to commercial banks, regional rural banks ... More

AQUACULTURE


A boost for tuna fishing, marine exports
THE Foreign Trade Policy's package for the seafood sector is expected to help marine product exports grow to over $2 billion in the immediate future. "This is the first time that marine products have been given the attention it deserves," the ... More

PLANTATIONS


Why tea firms are exiting plantation operations
FOR the major tea companies in India, producing tea in bulk no longer appears to be attractive due to high costs, huge manpower and extremely low competitiveness. As a result, two companies have opted out of plantation activity. Instead they ... More

RUBBER


Rains soften rubber prices
RUBBER rates softened following sustained showers around the State. It is reported that most of the plantations have resumed tapping following a favourable swing in weather. Buyers were not interested as selling from traders put pressure on all ... More

TEA


FOREIGN TRADE POLICY
Tea exporters may gain from move to scrap cess
TEA exporters stand to gain from the Union Commerce Ministry's proposal to remove cess on plantation commodities. In the case of tea, a cess of Rs 0.30 a kg is levied at the producer end. Consequent to the removal of the export cess on all ... More

Profits in marketing
IT has been clear for a few years now that the real profits in tea business are to be made either in the marketing of packet tea in the domestic market or in the selling of specialised variants in the export market. The plantations side of the ... More

Cost pressure forcing tea majors to exit plantation business
ON Dalal Street, the country's leading packaged tea players showing signs of leaving the plantation business, was interpreted as a sign of more such exits to follow. By selling their plantation business both Tata Tea Ltd (TTL) and Hindustan ... More

OILSEEDS & EDIBLE OIL


Rice bran oil from Oilfed
HYDERABAD: The Andhra Pradesh Oil Federation (AP Oilfed) has launched the marketing of rice bran oil under its flagship brand `Vijaya'. The one-litre pack is priced at Rs 41. Announcing the launch here on Friday, Mr N. Raghuveera Reddy, ... More

POULTRY


NECC urges Kerala to remove VAT anomaly
THE National Egg Co-ordination Committee (NECC) has asked the Oomen Chandy Government to remove, what it calls, the "anomalous" tax. The Chairman of the NECC's Namakkal poultry zone, Dr P. Selvaraj, said in a statement that the introduction of ... More

CO-OPERATIVES


Nabard works out special package for coops
THE National Bank for Agriculture and Rural Development (Nabard) has worked out a special package for cash-starved State cooperative banks that allows them refinance at attractive rates subject to their adhering to strict guidelines. "We ... More

Nabard's carrot and stick policy for co-ops
THE National Bank for Agriculture and Rural Development (Nabard) has worked out a special package for cash-starved State cooperative banks that allows them refinance at attractive rates subject to their adhering to strict guidelines. "We ... More

Kurien sacks IRMA director; HC moved
THE drama surrounding the ongoing power tussle at the Institute of Rural Management, Anand (IRMA) has shifted to Ahmedabad with the rival sides slugging it out in the Gujarat High Court. After the IRMA Chairman, Dr V. Kurien, sacked the ... More



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Top Stories
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In Focus

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In Depth

Gender Justice
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Looking back
Mar. 27-Apr. 2
Metal prices may rise further in short term

Budget thrusts on plantation sector development

Traders gain from Nafed's price support operations

Vanilla dips as global demand fails to pick up

Cashew exports set to cross Rs 2,600 cr

Rubber imports may come down under VAT regime

IRMA board begins search for new chief — Conspiracy to capture institute, says Kurien


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