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.
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