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Post-QR,
coffee sector to suffer
WITH the lifting of quantitative restrictions (QRs) from April 2001, the
Indian coffee industry will be exposed to cut-throat competition from overseas
players like Brazil, Columbia and Latin American countries, according to
Tata Coffee vice president (marketing) Harish Bijoor.
Govt
defers Solvent Order again; traders confused
THE government has once again postponed the implementation and the date
of registration under the controversial Solvent Order till April 30, 2001.
The ministry of petroleum and natural gas is expected to issue the final
notification by end of April.
Sugar
mills face Rs 2,000-cr shortage
SUGAR millers are facing a huge cash crunch of over Rs 2,000 crore against
a total credit requirement of around Rs 8000 crore, even as the accumulated
arrears towards sugarcane growers have crossed Rs 1200 crore and bank
refuse to allow higher credit limits.
Gold
closes on a promising note, silver moves in both ways; oil prices down
prices closed firm on the bullion market here on Monday. Silver
on the other hand moved in both ways before settling on a mixed note.
Standard gold ruled quiet at Rs 4,240 per 10 gm. So was gold .22 carat
at Rs 3,920 per 10 gm. Prices of gold biscuit (116.50 gm) however looked
up by Rs 50 at Rs 49,650 per piece. Inflow of gold from banks remain restricted
due to implementation of strict norms by banks to deliver gold against
payment under instructions of Reserve Bank of India (RBI), according to
a bullion broker here.
Exporters say Indian meat not affected
by FMD
MEAT and livestock
exporters on Monday said the recent ban on frozen meat by Egypt was only
for one month and not India-specific and demand for Indian meat was expected
to pick up in the wake of the outbreaks of mad cow and foot and mouth
diseases (FMD) in European livestock.
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