The Hindu Business Line : Friday, October 14, 2005

Farm sector needs a new deal
The performance of the farm sector is worrying. Urgent measures are needed to make agriculture a profitable activity, not only to benefit farmers and a large section of the rural poor but also to give a boost to the economy through backward and forwa rd linkages, says S. D. Naik More

RUBBER

Rubber prices flare up to Oct record level
IN an unprecedented flare up this month, natural rubber prices in the domestic market are nearing a record high for the second time this fiscal, fuelled by surging international prices. The benchmark ribbed, smoked sheet (RSS)-4 grade quoted Rs ... More

Low arrivals keep rubber firm
The output was affected because of overnight rains that lashed over the plantation areas and practically there were no quantity sellers in the main marketing centres. Though the covering groups were active in the trading floors, they were ... More

SUGAR

Sugar mills seek protection of reserved cane area
FOR the Indian Sugar Mills Association (ISMA), the priorities at this juncture are getting the Government see the need for protection of reserved cane area of existing units and spatial distance of 25 km between two units; giving an impetus to ... More

TEA

INDIAN TEA MAJORS SNAPPING UP COMPANIES ABROAD
Tata Tea acquires US co Good Earth
TATA Tea Ltd, through its US subsidiary Tetley US Holdings Ltd, has signed an agreement to acquire FMALI Herb Inc and Good Earth Corporation. The cost of acquisition has not been officially disclosed. Good Earth Corporation owns the `Good ... More

Apeejay to buy UK co Premier Foods' tea biz
THE Apeejay Surrendra Group, better known as Apeejay, has announced plans to acquire the entire tea business of the UK-based Premier Foods plc, including the company's well-known brands such as Typhoo, London Fruit & Herb, Lift and other ... More

TECHNICAL ANALYSIS

Downward tweak likely in gold
SPOT gold prices retreated on Wednesday on profit-taking, after prices earlier spiked to a new 18-year peak on investment demand. Gold, which is seen as a safe-haven investment and an inflationary hedge has risen 8 per cent this year so far. ... More

OILSEEDS & EDIBLE OIL

USDA projects record global oilseeds output
GLOBAL oilseeds output for 2005-06 is projected 5.7 million tonnes (mt) higher than in the previous year and is likely to reach a new high of 384.9 mt, according to the latest assessment of the US Department of Agriculture (USDA). The agency ... More

COCONUT & COPRA

Fiji sees scope for tie-up with CDB, Coir Board
THE Prime Minister of Fiji, Mr Laisenia Qarase, who visited the Coconut Development Board (CDB) on Thursday along with a delegation comprising Cabinet Ministers, Senators, senior officials and businessmen, said there was great potential for ... More

SPICES & CONDIMENTS

Cardamom prices lose flavour on heavy arrivals, low demand
CARDAMOM prices fell sharply on heavy arrivals at the auctions held during the week in Kerala and Tamil Nadu. A bumper crop coupled with decline in direct sales has pushed up the arrival at the auction centres. During October 7 to 12, the ... More

WTO

G-20 to prepare action plan against subsidised farm product exports
THE G-20 — an alliance of agricultural exporting countries in the WTO — has agreed, at India's request, to draw a strategy embodying the right of all developing countries to take remedial action against subsidised imports of farm ... More

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