Recession forces Coimbatore mill owners slash staff bonus Irrespective of the agitations being staged by the workers and textile trade unions and the intervention of the labour department, no consensus has been reached as yet over the payment of bonus in the textile mills of Coimbatore and Erode. Edible oil seen depressed despite poor supplies Domestic edible oil prices are likely to remain depressed till the first quarter of next year despite a substantial fall in production of oilseeds like soyabean and groundnut, industry officials said. Small scale PVC pipe manufacturers hit by high state government levies The state government policies have adversely affected the small scale PVC pipe manufacturers. The permission of government of Maharashtra to allow the purchases of PVC pipes from any part of the world with effect from April 4, 99 has dealt a death blow to the industry. Commodity Briefing Gold steady, silver moves up; edible oils decline South Korea to draft labelling norms for genetically modified foodstuffs Excess world output to hit zinc next year Nickel peaks 31-month high in global markets Taiwan Semicon turns foundry niche into empire Groundnut, coarse cereals output to fall steeply -- Body Japanese zinc major Mitsui's output up 4% Cement output rises 18% in first seven months
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