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Soyabean In order to boost the domestic supply, state-run trading company PEC Ltd has invited bids to import 24,000 tons of crude degummed soyabean oil to be delivered in June. The bids would close on May 12 and the decision on the tender would be taken on the same day, the company said on its website. The government recently decided to import one million tons of edible oil during 2008-09 fiscal via state trading agencies -- MMTC, PEC, STC and Nafed -- to supply oil to people through the public distribution system. So far, MMTC and STC have floated tenders to buy 44,000 tons and 24,000 tons of edible oil respectively from overseas market. PEC said that it plans to import crude degummed soyabean oil from Argentina and Brazil. "It is importing on behalf of itself, PEC, State Trading Corporation, and National Agricultural Co-operative Marketing Federation (NAFED)," it said. According to the tender, the bidder should deliver 12,000 tons of edible oil at Kandla and Mundra ports, while another 12,000 tons at Kakinada between June 1-30. "Bidders should bid for the entire quantity and they can also quote for additional quantity", the company added.

agriculture stocks Most agricultural-related stocks traded higher in the wake of the Senate's passage of the farm bill by a veto-proof majority. Ethanol-related shares stood out from the pack, with Aventine Renewable Energy wing earnings-induced selling pressure on were a standout, rising nearly 3% following earnings-induced selling pressure on Wednesday. Navistar Internatonal also gained, up more than 1%. Similar gains also were scored by Bunge Ltd. Potash Corp. of Saskatchewan and CF Industries Holdings a supplier of crop nutrients, traded 2% higher.Wednesday.

vegetable packing A happy beast makes a delicious dinner – so how can you be sure your meat is top notch? Nick Nairn spills the beans in our third exclusive extract from his new bookA GREAT piece of beef gets me pretty close to culinary Nirvana. I'm not the only one with this passion – demand for meat has shot up around the world since the 1950s, an appetite influenced by our growing affluence and the ready availability of a product that provides us with a wonderfully flavoursome source of protein. The big issue with all this demand, however, is that it puts pressure on farmers to increase their supply. As they cut costs, so the process becomes intensified, and more animals end up on the conveyor belt of factory farming, producing meat that's certainly cheap, but also tough and, let's face it, pretty tasteless. But there's still top-quality meat to be had, though you'll see that, as with all sectors of the food industry, the market has been split in three. At the top end, the prime motivator of production is quality, and you'll find happy, healthy beasts living a full life, facing a calm slaughter and undergoing a proper hanging and butchering process. In the middle, quality is balanced with cost, and the animals will undergo some sort of intensive process, living shorter lives, eating high-energy feeds and moving more quickly through the slaughter process. At the bottom end, cost is the only motivator, and you get into the dark and disturbing areas of mechanically recovered meat, and imports from countries with potentially dodgy practices. The vast majority of the meat we eat will have come from the middle sector, which can still produce something rather wonderful. But if you're looking for quality, let's concentrate on the best. It's what I would recommend for the roast sirloin (recipe overleaf). Try it with my red-wine gravy and Yorkshire puddings and you'll see what I mean.