In an effort to increase the exports of spices from India, the Spices Board has set a target turnover of $880 million this financial year against $800 million last year.
The plantation sector was dominated by small growers to the extent of 60 per cent. The industry directly employed 20 million people and contributed 9 per cent of agricultural exports.
As part of this, the state government is planning to engage global diamond mining company De Beers for undertaking a detailed survey of the diamond reserves in Nuapada.
The country added $28.5 billion more debt as on March 31. But almost 10 per cent of the addition in total external debt during the year was put on exchange rate difference connected to major international currencies and a weakening US dollar.
Exporters in India are hopeful that the EU would soon lift the ban, which was imposed last month.
The disease was prevalent in the coastal belt of Alappuzha and Kollam districts of Kerala, which are the major coir producing areas in the state.
This is bound to create more trouble for the Centre on the wheat front.
Following difficulties in handling the e-auction process, the cardamom traders at Bodinayakannur, the main trading centre of the commodity, decided to boycott the e-auction from this week.
According to an official press note, the rehabilitation package has helped nine of the 17 closed tea gardens in Kerala reopen. Again five gardens are in the process of settling their accounts and will resume operations soon.
Those who possess a sound professional money management technique would win the investment game.
Commodity futures are in fashion these days not just because they are on the front lines of all business journals and panel discussions, but because they are going to dominate the investor's horizon in times to come.
Fearing large-scale excise duty evasion by pan masala and chewing tobacco units, the finance ministry has issued strict warning to the sector and told them to give details of the packing machines at their units.
Trade and Development Report 2007 prepared by Heiner Flassbeck said that commodities have created lots of opportunities globally, but developing countries will be left if they do not utilise the funds diligently.
The state-run oil company's Research and Development Centre singed an agreement with the National Centre for Catalysis Research of IIT Madras for the joint program on Monday.
S&P Rating Services report said oil and gas companies would hold steady through 2007. However, there is a chance that the turmoil in the credit market may negatively affect ratings down the line.
In a recent move, the Animal Bio-security of Australia has issued strict guidelines for import of prawns from other nations.
Glendale Tea estate at Coonoor in Tamil Nadu says the black tea it has made is of SFTGFOP (Super-Fine Tippy Golden Flowery Orange Pekoe) grade and fetches a price of $600 for a kilo.
The report from the United Nations Conference on Trade and Development said that commodity exchanges in India and China are becoming major players in global markets.
At a time when all edible oils are being dumped by health conscious consumers, fearing cholesterol-related problems, experts have batted for coconut oil.
For the first time, a Gujarat-based company has announced plans to set up a commodity-specific SEZ. And the main commodity that will occupy the centre-stage of SEZ will be cotton.
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