The Telegraph
Kolkata, 5 July 2010
Tea exports jump 14.28% in May
Tea exports from India increased over 14.28 per cent to 11.20 million kg in May from 9.8 million kg during the same period last year, data published by the Tea Board of India showed. Production during the month rose 1.7 per cent to 72.63 million kg from 71.37 million kg in May 2009 on the back of higher output in the southern states. India exports CTC tea mainly to Egypt , Pakistan and the UK , and the premium orthodox variety to Iraq , Iran and Russia . The country is the largest exporter followed by Kenya . According to the Tea Board statistics, exports during January-May rose to 71.18 million kg from 59.60 million kg a year earlier. Production rose to 234.93 million kg from 215.85 million kg during the period. Total production in the country rose during May despite a fall in output in key producing state Assam . In North India, production declined to 47.4 million kg from 50.32 million kg mainly because of the fall in production, by about 3.5 million kg, in Assam . Output in southern states rose to 25.22 million kg from 21.05 million kg. However, in value terms, exports in May declined to Rs 129.78 crore from Rs 135 crore because of lower realisation — which fell to Rs 115.84 per kg from Rs 138.13 per kg. In value terms, exports stood at Rs 869.45 crore against Rs 770.86 crore in January-May. However experts feel, increasing production in Kenya and Sri Lanka are likely to affect India ’s exports. Sri Lanka ’s output in the first four months of the year was up 27 per cent compared with the previous year, which saw global production coming down because of the erratic weather. Kenya ’s output rose 69 per cent to 111.7 million kg in the first quarter of 2010 and exports increased 24 per cent to 117 million kg.
Tuesday, July 6, 2010
Sunday, June 27, 2010
Agriculture 2.0 is the new clean tech at Silicon Valley
Financial Chronicle
New Delhi, 24 June 2010
Agriculture 2.0 is the new clean tech at Silicon Valley
Silicon Valley’s apricot and cherry orchards disappeared decades ago, replaced by semiconductor plants and office parks populated by technologists. Now some of the Valley’s most prominent venture capitalists are looking to the region’s roots for what could be the next new thing in an old business: agriculture. “Sustainable agriculture is a space that looks as big or bigger than clean tech,” said Paul Matteucci, a venture capitalist with US Venture Partners in Menlo Park , California . “Historically, we have not seen a ton of entrepreneurial activity in agriculture, but we are beginning to see it now, and the opportunities are huge.” A catch-all phrase for environmentally beneficial farming, sustainable agriculture has long been the province of organic enthusiasts. But venture capitalists say a growing awareness of conventional agriculture’s contribution to climate change and concerns over its consumption of water and energy are creating markets for technological innovation to minimise those effects. The Johnny Appleseed of what is being called Agriculture 2.0 is a 33-year-old former Wall Street investment banker named Janine Yorio. Her New York firm, NewSeed Advisors, brings together sustainable agriculture entrepreneurs and investors. At the Four Seasons hotel in East Palo Alto , California , last month, NewSeed Advisors attracted a crowd of well-dressed investors from some of Silicon Valley ’s top venture capital firms. They packed a ballroom to hear entrepreneurs pitch start-ups developing everything from non-toxic pesticides and analytical tools for soil analysis to indoor urban farming systems. “If you’re interested in investing in energy and water, you become interested in investing in agriculture,” said Amol Deshpande, a venture partner at Kleiner PerkinsCaufield & Byers, who attended the conference. “A lot of ag opportunities are going to be driven by water,it’s availability and cleanliness.” Yorio’s career had been far a field from farming. She put together corporate deals at Salomon Brothers and then at the private equity firms HVB Capital and NorthStar Capital. She was working on real estate transactions when the market collapsed. Looking for ways to generate income from empty buildings, she explored renting space to companies that grow plants indoors. “In the process of putting together that idea, I started to meet all these ag companies and sensed an opportunity,” saidYorio, whose father owned a farm when she was a child. “Sustainable ag fits neatly into an area that is already well invested, clean tech and life sciences.” She founded NewSeed Advisors last year. Yorio said the firm is advising wealthy individual investors on sustainable agriculture deals and is considering raising its own investment fund. “Sustainable ag smells like clean tech, but it’s not so obscure that you’ve never heard of it, but obscure enough there’s no competition,” said Yorio, who added that investors had approached her about bringing the Agriculture 2.0 conference to Canada , Europe and India . So far the venture capital investments in sustainable agriculture have been modest. Matteucci said his firm had one investment in an agriculture wastewater treatment start-up and was reviewing other potential deals. Deshpande said KleinerPerkins Caufield & Byers had invested in companies developing technology to deal with agricultural water and waste. Khosla Ventures, one of Silicon Valley ’s leading green tech investors, is backing Solum, a company started by three Stanford physics graduates that is developing tools to perform real-time measurement of the nutrient content of soil. Such measurements allow fertiliser to be precisely applied, avoiding nitrogen runoff and contamination of waterways.
New Delhi, 24 June 2010
Agriculture 2.0 is the new clean tech at Silicon Valley
Silicon Valley’s apricot and cherry orchards disappeared decades ago, replaced by semiconductor plants and office parks populated by technologists. Now some of the Valley’s most prominent venture capitalists are looking to the region’s roots for what could be the next new thing in an old business: agriculture. “Sustainable agriculture is a space that looks as big or bigger than clean tech,” said Paul Matteucci, a venture capitalist with US Venture Partners in Menlo Park , California . “Historically, we have not seen a ton of entrepreneurial activity in agriculture, but we are beginning to see it now, and the opportunities are huge.” A catch-all phrase for environmentally beneficial farming, sustainable agriculture has long been the province of organic enthusiasts. But venture capitalists say a growing awareness of conventional agriculture’s contribution to climate change and concerns over its consumption of water and energy are creating markets for technological innovation to minimise those effects. The Johnny Appleseed of what is being called Agriculture 2.0 is a 33-year-old former Wall Street investment banker named Janine Yorio. Her New York firm, NewSeed Advisors, brings together sustainable agriculture entrepreneurs and investors. At the Four Seasons hotel in East Palo Alto , California , last month, NewSeed Advisors attracted a crowd of well-dressed investors from some of Silicon Valley ’s top venture capital firms. They packed a ballroom to hear entrepreneurs pitch start-ups developing everything from non-toxic pesticides and analytical tools for soil analysis to indoor urban farming systems. “If you’re interested in investing in energy and water, you become interested in investing in agriculture,” said Amol Deshpande, a venture partner at Kleiner PerkinsCaufield & Byers, who attended the conference. “A lot of ag opportunities are going to be driven by water,it’s availability and cleanliness.” Yorio’s career had been far a field from farming. She put together corporate deals at Salomon Brothers and then at the private equity firms HVB Capital and NorthStar Capital. She was working on real estate transactions when the market collapsed. Looking for ways to generate income from empty buildings, she explored renting space to companies that grow plants indoors. “In the process of putting together that idea, I started to meet all these ag companies and sensed an opportunity,” saidYorio, whose father owned a farm when she was a child. “Sustainable ag fits neatly into an area that is already well invested, clean tech and life sciences.” She founded NewSeed Advisors last year. Yorio said the firm is advising wealthy individual investors on sustainable agriculture deals and is considering raising its own investment fund. “Sustainable ag smells like clean tech, but it’s not so obscure that you’ve never heard of it, but obscure enough there’s no competition,” said Yorio, who added that investors had approached her about bringing the Agriculture 2.0 conference to Canada , Europe and India . So far the venture capital investments in sustainable agriculture have been modest. Matteucci said his firm had one investment in an agriculture wastewater treatment start-up and was reviewing other potential deals. Deshpande said KleinerPerkins Caufield & Byers had invested in companies developing technology to deal with agricultural water and waste. Khosla Ventures, one of Silicon Valley ’s leading green tech investors, is backing Solum, a company started by three Stanford physics graduates that is developing tools to perform real-time measurement of the nutrient content of soil. Such measurements allow fertiliser to be precisely applied, avoiding nitrogen runoff and contamination of waterways.
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