The Hindu Business Line : Thursday, September 01, 2005

`AP shrimp farmers badly hit by US anti-dumping duty'
THE State Government wants the US to revoke the anti-dumping duty on shrimp imports into that county and is hopeful of a positive outcome, especially after the recent visit of the US team to Nellore to assess the tsunami damage to the fisheries ... More

COMMODITIES

Gold faces downside risk on long liquidation
GOLD has got stuck in the recent range of $433-438 an ounce, and continues to take its cue from euro movements. There seems to be a lack of catalyst to drive prices in either direction, while investors have turned cautious. Record speculative ... More

Hurricane effect: US may face energy crisis
THE after-effects of Hurricane Katrina could leave the US facing a severe energy crisis because of imminent supply disruption in an already tight market. Experts are coming around to the view that demand compression or demand destruction alone ... More

HORTICULTURE/FRUITS & VEGETABLES

Sitting high
Farmers waiting to sell onions at the Mahboob Mansion Agricutural Market in Malakpet, Hyderabad. Prices of onion have increased sharply during the last fortnight on low arrivals. Currently, onion is ruling at Rs 850-900 a quintal, up from Rs ... More

RUBBER

Firm trend in spot rubber rates
PHYSICAL rubber prices were steady and firm on Wednesday. Though the market showed signs of weakness towards Tuesday's closing, extremely bullish overseas reports initiated a strong opening on Wednesday. According to sources, tyre companies ... More

SUGAR

K.C.P. Sugar plans to set up cogeneration facilities — To invest Rs 8 crore in biopesticide plant
K.C.P. Sugar and Industries Corporation Ltd plans to set up cogeneration facilities at both its sugar mills in Andhra Pradesh and diversify into neem-based biopesticides. According to Ms V. Kiran Rao, Executive Director, K.C.P. Sugar, the ... More

12 lakh t free sale sugar for Sept
NEW DELHI: The Union Government has released 12 lakh tonnes (lt) of sugar as quota for indigenous free sale for September compared with 11 lt for August. With the release of 2.16 lt as levy quota for the month, the total availability ... More

TEA

Coonoor tea average prices at 11-year low
THE average prices at the auctions conducted by the Coonoor Tea Trade Association (CTTA) are ruling at 11-year low. The average price at the last week auctions was Rs 29.62 a kg. Last year, the prices averaged Rs 45.37. The last time prices ... More

WATER

AP CM seeks early clearance for Rs 3,000-crore water project
THE Andhra Pradesh Government has sought early clearance for some of the irrigation projects along with the Planning Commission approval for a Rs 3,000-crore water sector improvement project. The Chief Minister, Dr Y.S. Rajashekhara Reddy, on ... More

OILSEEDS & EDIBLE OIL

Vanaspati cos hit by duty structure: PHD Chamber
THE growth of the vanaspati sector has been affected by an ``inverted'' duty structure coupled with the increasing import of the commodity from Malaysia, posing a potential threat to its very survival in the country, the PHD Chamber of Commerce ... More

CASHEW

Cashew exports may gain on dip in global output — Delay in Indonesian, Brazil crops seen pushing up demand for Indian produce
THE delayed cashew crop in Brazil and Indonesia is likely to push up demand for Indian cashew kernel this year in the world market. This could result in cashew exports topping last fiscal's level. "The delay would result in decline in ... More

SPICES & CONDIMENTS

Plan panel looking into pepper, cardamom export subsidy proposal
The Commerce and Agriculture Ministries have cleared the proposal. More

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