The members of the All India
Oils & Seeds Trade Association are not happy with the Government
move to allow soyabean seeds and oils the advantage of duty
ceiling norms according to the terms of the World Trade Organisation.
Coffee trading during the week
had on offer 546 mt at the Indian Coffee Traders Association
auction, which witnessed fair offtakes by domestic buyers who
largely covered prime Arabica washed and Robusta Cherries.
Oilseeds production, after
the fall in the last two years, is expected to go up 18.8 per
cent in 2001-2002 from 18.20 million tonnes in 2000-2001 to
21.33 million tonnes lead by soyabean and groundnut. Oilseeds
production had declined 15 per cent in 1999-2000 and 13.2 per
cent in 2000-2001.
The Maharashtra State Cooperative
Cotton Growers Marketing Federation Ltd has slashed its cotton
procurement rates for traders by around Rs 2,000-2,200 per candy
to around Rs 18,100 per candy for the H4, H6, MECH4 and MECH1
varieties.
