Agriculture
Food meet bets on contract farming -- 10 per cent annual growth targeted
A BANGALORE Declaration on the Indian food industry has identified contract farming as a vital element of policies aimed at raising the level of food processing raised from 2 per cent to 10 per cent in ten years.

Commodities
Commodity futures to spin Web trading
ASSAILED by the problem of low liquidity, select commodity exchanges are looking at the possibility of Web-enabled trading as an alternative to shore up trade interest.

Food & Dairy Products
Nestle farm coolers to supply `clean' milk -- Six-year installation project to pay off soon
NESTLE India Ltd (NIL) is hopeful of soon achieving its objective of procuring 100 per cent clean milk of low bacterial count through installation of farm bulk cooling tanks at its primary collection centres.

Rubber
Centre likely to foot STC rubber procurement loss
THE Finance Minister, Mr Yashwant Sinha, has reportedly agreed to foot the loss that would be incurred by State Trading Corporation (STC) while procuring natural rubber from the growers.

Tea
Centre clears tea futures
THE Union Government on Thursday flagged off the formal process for launching of futures trading in tea. It has put the commodity under Section 14 of the Forward Contracts (Regulation) Act, 1952, which permits futures trade.

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