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Oilseeds From Supply Management to Longer-Term Problems

Oilseeds: From Supply Management to Longer-Term Problems D P Sharma NEVER before has the setting for any con- vention of oilseeds and oil trade and industry for kharif crops been known to have been so very propitious as that for the 30th convention held at Indore on November 8. With all the oilseeds producing areas in the country, barring-a few isolated pockets, hav ing witnessed good-to-ideal weather conditions, the record number of registered delegates (over 750), fully representative of the entire oilseeds sector of the economy, exuded robust optimism not only about the kharif output but also about the rabi crop prospects.

Blocking Cotton Exports

Blocking Cotton Exports? D P Sharma TALKING to a cross-section of knowledgeable persons in the cotton trade about the likely size of the 1992-93 crop

Flood of Rights Issues

spurred long-dormant British labour into activity once again. After the defeat of the 1984-85 strike it is for the first time that the working class has shown signs of regaining confidence. The issue has provided a focus for protest on a wide range of issues connected with the dismal economic situation brought on by Conservative policies. For instance, the Sunday march launched the Campaign for Jobs and Recovery under the Trade Union Congress initiative. While this campaign is yet to take off, a National Miners

Edible Oils No Imports for a Change

Edible Oils: No Imports for a Change? D P Sharma CROP reports from all the important oilseeds growing areas in the country hold out the bright prospect of kharif production fulfilling the most optimistic expectations. Perhaps never before has the farming community been known to have experienced such ideal weather conditions as this time, the somewhat late and poor start of the monsoon notwithstanding. There is near unanimity among knowledgeable persons in the trade and industry that kharif oilseeds production is now certain to set a new record, leaving the previous best crop out-turn way behind. Because of the highly satisfactory subsoil moisture rabi crop prospects are considered reassuring.

Appeasing Textile Lobby

Appeasing Textile Lobby D P Sharma THE supply-demand estimates for the 1992-93 cotton season (September-August) arrived at the Cotton Advisory Board's meeting on October 9 are no more than a subtle attempt on the part of the Textile Commissioner, the presiding deity, at reconciling the differing crop estimates put up by the members representing diverse interests with the views expressed by the representative of the powerful mill lobby receiving, as usual, special consideration which is perhaps why the CAB estimates are generally on the lower side.

Waiting for Bullish Fuel

some new space to fighters for human rights to carry on their struggle which is, hi the last analysis, the real check. SRI LANKA No End in Sight PRESIDENT Premadasa's imminent visit to India in his capacity as the SAARC chairperson, his first in the four years since he took office as president, comes at a time when neither country is keen on engaging in in-depth talks on bilateral issues. For the Narasimha Rao government the less that is said about the LTTE the better and for Premadasa such a move carries a political risk in that it may be construed as a softening of his cultivated stand against foreign interference, especially India's, in Sri Lanka's internal affairs. Moreover, the increasing state repression in Sri Lanka has brought several voices of protest which in turn have generated a fresh debate on the relevance of foreign interference in regard to highlighting human rights violations in the country, While the government and the state- owned media have, not surprisingly, condemned it, several human rights organisations in the country have been critical of the increasing powers being vested with the military and the police. This is being done on the pretext that the situation in the country, both in the north-east and in the south, demands such measures. In fact the human rights task force appointed by the government itself has criticised the emergency laws which allow for long detentions, etc The civil rights movement in Sri Lanka has pointed out that the government has not even bothered to publish information about the emergency regulations which are periodically being made after August 1989 when the first 19 regulations were notified.

Edible Oils Need for Fresh Thinking

Edible Oils: Need for Fresh Thinking D P Sharma REPORTS from all the major oilseeds producing areas in the country received till September 11 indicate good-to-ideal weather conditions for the healthy progress of the crops. If weather remains favourable till the harvest time and the withdrawal of the monsoon is slow as forecast by the meteorological department one could hopefully look forward to record kharif oilseeds production of well over 100 lakh tonnes

More Operational Freedom for CCI

More Operational Freedom for CCI D P Sharma THE Cotton Corporation of India can take justifiable pride in having liquidated during 1991-92 the entire accumulated loss which stood at Rs 122.12 crore at the end of August 1988 and start the current year (1992-93) with the modest surplus of Rs 0.93 crore. Not many years ago, the corporation had to be extricated from the financial debris it had got buried under through a massive salvage operation

Rally Likely to be Extended

Rally Likely to be Extended D P Sharma THE stock market scene has undergone a profound change over the past few weeks. The market which presented a picture of unrelieved gloom seeking new lows week after week till the end of the first week of August has staged an impressive recovery. From a low of 2529.6 on August 6 the BSE sensitive index rose to a high of 3053.1 on August 24 and the National index moved up from 1152.1 to 1345.2. In a matter of just 11 trading sessions, the sensitive index registered a rise of 20.7 per cent, retracing 26 per cent of the decline from its all-time high of 4546.3 (April 2). The national index rose by 16.8 per cent, retracing 21.7 per cent of the preceding fall. (For details see the accompanying table.) It is worth noting that the current rally has carried the BSE indices back to the levels where they stood at the end of May In other words, the market has retraced the entire decline since the beginning of June till August 6. If the extent of recoupment of ground lost during the fall from the April high looks rather modest it is because the preceding decline had been so steep

Record Kharif Oilseeds Crop in Offing

Record Kharif Oilseeds Crop in Offing D P Sharma BOUNTIFUL rains after about the middle of July covering all the oilseeds growing areas in the country have completely transformed the edible oils scenario. The worrifome prospect of a possible setback in kharif oilseeds output because of late and poor rainfall at the commencement of the sowing season followed by a prolonged dry spell has given way to the reassuring prospect of bumper crops which, taken together, could set a new record if the weather obliges the farming community during September with two timely rains and sunshine in between.

COTTON-Mill Lobby Scuttles Cotton Exports

COTTON Mill Lobby Scuttles Cotton Exports D P Sharma THE cotton crop prospects have undergone a profound change following copious rains in all the cotton growing areas in the country since about the beginning of the second week of July. Initial anxiety emanating from late and indifferent start -of the monsoon has given way to optimism tinged with caution stemming from the unpredictable nature of the weather during the crucial weeks ahead. Since cotton fetched higher prices this season than during 1990-91 till about the middle of July and prices ruled substantially above the support prices there is no reason why the area under cotton should be less than in 1991-92 except in some isolated tracts in Maharashtra and Madhya Pradesh where sowings were hampered by adverse weather conditions. However, since cotton is cultivated mainly under rain-fed conditions and there has been no significant breakthrough in dry farming, the final crop out-turn and the quality of cotton continue to depend on the pattern of rainfall distribution.

Troubled Times for Stock Markets

Troubled Times for Stock Markets D P Sharma THE stock market continues to present a picture or utter despondency which contrasts sharply with the mood of reckless optimism that prevailed till the end of March. The boom which had carried the BSE sensitive index to a high of 4546.3 on April 2

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