The exportable variety in the new crop will take another month to arrive, said traders. There was not much overseas demand and the exporters were only covering the orders on hand. The IPC report has predicted India to be short by 22-30 per cent during the 2000 crop. But the shortage would be covered well by a good crop from Indonesia and Brazil. Growers are releasing the existing stock in anticipation of a further crash in prices.
Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.
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