Product Country
Increase Font Size Decrease Font Size
Menu
Market News
Central Government is working with new technology to make farmers self-reliant, says Shri Tomar.

Jul 23, 2021

Union Agriculture and Farmers Welfare Minister Shri Narendra Singh Tomar inaugurated the office of National Farmers Welfare Program Implementation Committee. Speaking on the occasion, Shri Tomar said that the National Farmers Welfare Program Implementation Committee would act as a project monitoring unit for the implementation of PM-Kisan Yojana, Kisan Maandhan Yojana, Agriculture Infrastructure Fund and other schemes of the Department of Agriculture and Farmers Welfare.
 
Shri Tomar said that the Central Government has implemented the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme to make farmers self-reliant and to provide direct income support for agricultural expenditure. Under this scheme, an amount of Rs 1.37 lakh crore has been transferred to the accounts of more than 11 crore farmer families so far. The Minister said that the Central Government along with the experts, IT companies of the country is working with new technology to make the farmers self-reliant. Various technological solutions are being developed through Aadhar integration with UIDAI, launch of mobile app and integration with CSCs, KCC, integration with land records database maintained by States/UTs.
    
Source: PIB News



Q1 farm exports up 44% at $4.8-billion.

Jul 23, 2021

Building on last year’s robust growth, exports of agri-products under the portfolio of Agricultural and Processed Foods Export Development Authority (APEDA) registered a 44 per cent increase in the first quarter of current financial year on higher overseas demand. This is notwithstanding challenges such as the supply chain issues triggered by the Covid second wave induced lockdown during April and May across the country and higher freight rates.
 
According to quick estimates, exports of farm products monitored by the APEDA touched $4.817 billion during April-June 2021 compared with $3.338 billion in the same period a year ago.
    
Source: Business Line



APEDA collaborates with Ladakh officials for boosting unique agricultural produce which would boost farmers’ income in the region.

Jul 23, 2021

For giving boost to exports of agricultural produce from Ladakh, which would enhance farmers’ as well as entrepreneurs’ income, APEDA in association with officials of the horticulture, agriculture, commerce and industry departments of Union Territory and Defence Institute of High-Altitude Research (DIHAR) are working out comprehensive plan of actions.
 
Following a series of interactions held recently at Ladakh, identified areas of work include enhancement of production of fruits with medicinal values including sea buckthorn, apricot and organic produce and introduction of the traceability system, capacity-building of farmers and value addition of products.
    
Source: PIB News



India breaks into the top 10 list of agri produce exporters.

Jul 23, 2021

India broke into the top 10 list of agricultural produce exporters in 2019 with a sizeable share in the export of rice, cotton, soya beans and meat, according to a World Trade Organization (WTO) report on the trends in world agricultural trade in the past 25 years.
 
In 2019, Mexico and India, with 3.4% and 3.1% share in global agri exports, respectively, replaced Malaysia (7th) and New Zealand (9th) as the largest exporters, while the US, which topped the list in 1995 (22.2%), was overtaken by the European Union in 2019 (16.1%). The US’s share fell to 13.8% in 2019. Brazil maintained its ranking as the third largest exporter, increasing its share from 4.8% in 1995 to 7.8% in 2019. China climbed from the sixth spot in 1995 (4%) to fourth in 2019 (5.4%).
    
Source: Live Mint



'ODOFP scheme products have export potential'.

Jul 23, 2021

The One District One Focus Product (ODOFP) programme cover products of agriculture and allied sectors for 728 districts of the country, said Union Minister of Agriculture and Farmers Welfare Narendra Singh Tomar on Tuesday.
 
The Government has decided to converge resources from ongoing centrally sponsored schemes such as Mission for Integrated Development of Horticulture (MIDH), National Food Security Mission (NFSM), Rashtriya Krishi Vikas Yojana (RKVY), Paramparagat Krishi Vikas Yojana (PKVY), schemes of Ministry of Fisheries, Animal Husbandry and Dairying for ODOFP.
 
The Ministry of Food Processing Industries (MoFPI) provides financial support  under Centrally Sponsored Pradhan Mantri Formalisation of Micro Food Processing Enterprises Scheme (PM FME Scheme) for One District One Focus Product.
    
Source: SME Times



Maldives, India sign MoU to expedite Customs clearance, boost control.

Jul 23, 2021

The governments of Maldives and India have signed a Memorandum of Understanding on the exchange of pre-arrival information for trade facilitation and control of customs over goods.
 
With an aim to boost institutional links between customs departments and support trade facilitation for businesses in both countries, the 'Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control on Goods' MoU was signed on behalf of the Maldivian government by the Commissioner General of Customs at the Maldives Customs Service, Abdulla Shareef, whereas Chairman of the Central Board of Indirect Taxes and Customs (CBIC) in India, M. Ajit Kumar signed on behalf of the neighboring country.
    
Source: Raajje



India, Vietnam could emerge as key pillars of global supply chain initiative.

Jul 23, 2021

A major impact of the US-China trade war and the global pandemic has been disruption of traditional global supply chains originating from China. The disruption of international trade has necessitated a rethink on the supply chain.
 
Earlier, supply chains were designed to keep costs low. In the post pandemic era, supply chains are being reworked to reduce the risks of future disruptions. The international community is looking to move towards relocating supply chains away from China to India and Vietnam.
 
China is the world’s largest goods exporter and has the twin challenges of overcoming vulnerability to the pandemic and ensuring that the trade war with the US, does not increase the vulnerability of supply chains.
    
Source: The Economic Times



India looks to East Asia, Middle East in hunt for mango buyers.

Jul 23, 2021

India is on the hunt for mango buyers across East Asia and the Middle East, with fruit-themed festivals and in-embassy tasting events being rolled out by the government in recent weeks in a bid to boost flagging exports of the country’s national fruit.
 
Mangoes account for some 40 per cent of India’s total fruit exports and it is the world’s largest producer of the crop, with about 21 million tonnes harvested in the year to June according to an agriculture ministry estimate.
    
Source: This Week in Asia



Food businesses need to conduct mandatory product testing twice a year.

Jul 23, 2021

The FSSAI has stated that food businesses need to conduct the mandatory product testing twice in a financial year on a half yearly basis wherein the gap between the two mandatory testings should not be less than 3 months.
 
These ‘mandatory testings’ should be done from April to September and October to March twice in a fiscal year.
 
The country’s food regulator has issued a ‘clarification’ regarding the frequency of mandatory product testing under condition of licence as per the Food Safety and Standards (Licensing and Registration of Food Businesses) Regulations, 2011.
    
Source: FnB News



Archive