PRESS DIGEST - India Commodity News - July 6

MUMBAI, July 6 (Reuters) - Indian newspapers carried the following stories in their print or Web editions on Monday. Reuters has not verified these stories and does not vouch for their accuracy.

ECONOMIC TIMES (www.economictimes.com)

* Sugar prices during the upcoming festival season would remain at a "reasonable" level as the country is expected to have a surplus of 4 million tonnes of surplus sugar from the 2008/09 season, according to a food ministry official.

BUSINESS LINE (www.businessline.in)

* The shortage of jute during the 2009/10 kharif marketing season has been revised to 200,000 bales from 760,000 bales according to the Indian Jute Mills Association.

FINANCIAL EXPRESS (www.financialexpress.com)

* Coconut oil prices are likely to ease further on strong domestic supply and dumping of cheap palm oil from Malaysia.

* The federal government may launch a venture capital fund with a subsidy component of 2 billion rupees for the poultry industry as it has been reeling under repeated outbreaks of bird flu and weak exports.

Looking for more information from local sources? Factiva.com has 25 sources. For details about our products, please call your local help desk. To find out more about ThomsonReuters visit www.thomsonreuters.com. (Compiled by Nandita Bose; Editing by Sunil Nair)