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Indian exports up in 115 nations out of 238 destinations in 2023-24.

May 10, 2024

India's exports have surged to as many as 115 countries out of the total 238 destinations during 2023-24 despite the global economic uncertainties, according to a recent report by the Ministry of Commerce.
 
    
Source: economictimes.indiatimes.com



Commendation for APEDA as agricultural product exports surge by 85% in the span of 7 years.

May 10, 2024

From 'leteku' (Burmese grapes) to flat beans, pumpkin, and an array of fruits including pineapple, jackfruit, starfruit, plums, and the newly designated state fruit, Kaji lemon—alongside geographical indication (GI)-tagged aromatic Joha and Aijung rice cultivated in [relevant region], have notably penetrated international markets, facilitated by the Agricultural and Processed Food Products Export Development Authority (APEDA) for farmers.
 
    
Source: agronfoodprocessing.com



India Calls for Reinvigorating Discussions on Development Agenda at WTO.

May 10, 2024

India has called for re-energizing discussions in the World Trade Organisation (WTO) on the development dimension to achieve tangible progress and meaningful outcomes.
In a communication to the WTO, the country said that there is a substantial unfinished development agenda emanating from the recently concluded 13th ministerial conference of the WTO in Abu Dhabi.
 
    
Source: business.outlookindia.com



Foreign Secy Kwatra meets Sheikh hasina, discusses bilateral ties in key areas.

May 10, 2024

On his two-day trip to Dhaka, Foreign Secretary Vinay Kwatra met Bangladesh Prime Minister Sheikh Hasina and other top leaders and reviewed New Delhi’s bilateral ties in areas such as security, water, trade and investment, power and energy, defence, connectivity and sub-regional cooperation.

    
Source: indianexpress.com



India Exim Bank Forecasts Strong Growth in Merchandise Exports.

May 10, 2024

Export-Import Bank of India (India Exim Bank) forecasts India’s total merchandise exports to amount to US$ 116.7 bn, witnessing an y-o-y growth of 12.3%, while non-oil exports are forecast to amount US$ 93.9 bn, witnessing an y-o-y growth of 10.7%, during Q1 (April-June) of FY2025. 

    
Source: smestreet.in



Kesar pricier but exports expected to be robust.

May 10, 2024

Finding good quality kesar in the markets could be a task for mango lovers this season but those living abroad will be able to gorge on this luscious variety like every year.

    
Source: timesofindia.indiatimes.com



Government eyeing to import around 2L tonnes of Bengal gram to keep prices under check.

May 10, 2024

Government is eyeing immediate import of around two lakh tonnes of Bengal gram (desi chana) to increase availability of pulses in the market. So far, around 15 lakh tonnes of yellow peas have been imported for use as a substitute for chana (gram) since import duty was abolished in Dec last year.
 
    
Source: timesofindia.indiatimes.com



Indian food regulator to review the points of entry for food imports as it tightens the screws on shipments.

May 10, 2024

India's top food regulator—the Food Safety and Standards Authority of India (FSSAI)—has cracked down on food imports, saying in has authorized officers at only 155 points to clear shipments 'until further orders'. 

    
Source: livemint.com



Trade sees urad imports from Brazil rising to 50,000 tonnes this year.

May 10, 2024

As countries such as Brazil and Argentina start expanding acreages under black matpe or urad, India the largest consumer of pulses, expects increase in imports from those nations. Presently, Myanmar has been the main supplier of urad to India.

    
Source: thehindubusinessline.com



FSSAI suspends Reliable Labs for failing to comply with norms.

May 10, 2024

The FSSAI has suspended Reliable Analytical Labs Pvt. Ltd., Mumbai, which was recognised and notified by the food authority u/s 43(1) of FSS Act, for Chemical and Biological scope of testing and carrying out the analysis of food samples.

    
Source: fnbnews.com



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