1. Home
  2. Market Intelligence
  3. Market News
Back
13 Jun, 2025 News Image Govt approves procurement of 54,166 tonnes moong, 50,750 tonnes groundnut under PSS.
The government has approved procurement of 54,166 tonnes of moong from Haryana, Gujarat and Uttar Pradesh at a minimum support price (MSP), along with the procurement of 50,750 tonnes of groundnut from Uttar Pradesh. The procurement of the summer crops of 2025-26 will be undertaken under the central Price Support Scheme (PSS), which is activated when market rates fall below the MSP.
 Source:  economictimes.indiatimes.com
13 Jun, 2025 News Image Basmati export prices at 17-year low, higher volumes cushion the blow.
Basmati rice exporters have sustained earnings this marketing year (starting October 2024) on the back of higher export volumes, despite a sharp fall in contracted rates and the absence of a minimum export price (MEP). Trade sources indicate that May’s average basmati export price fell over 23 per cent to $831/tonne from $1,080 a year ago.
 Source:  thehindubusinessline.com
13 Jun, 2025 News Image Quality control can be eased for trusted partners: Piyush Goyal.
India is open to ease the quality control order (QCQ) framework for 'trusted partners', producing good quality products, commerce and industry minister Piyush Goyal has said. The minister, on a four-day visit to Switzerland and Sweden, said discussions on 90% of content were complete on India-EU FTA, with services and rules of origin negotiations slated to start from Monday. However, he said, key issue to be addressed is non-tariff barriers to make it easy to do business.
 Source:  economictimes.indiatimes.com
12 Jun, 2025 News Image Swiss part of EFTA deal to be implemented by October: Piyush Goyal.
Commerce Minister Piyush Goyal indicated on Wednesday that the Swiss part of the EFTA will possibly be implemented from October 2025, with the other three countries -- Iceland, Liechtenstein, and Norway-- already having ratified the trade deal. 'Norway, Liechtenstein, and Iceland have reified this agreement. Switzerland's process will last another two and a half months (or so). It is expected that we will be able to implement this in October,' the minister told ANI, during his two-day visit to Switzerland.
 Source:  economictimes.indiatimes.com
12 Jun, 2025 News Image India tells WTO it won’t lift wheat export ban.
Despite a bumper wheat harvest, India has formally notified the World Trade Organization (WTO) that it will not lift restrictions on wheat exports, citing food security concerns for its own population as well as vulnerable and neighbouring countries. In a submission to the WTO’s Committee on Agriculture on Tuesday. circulated on Wednesday, India said its temporary ban on wheat exports, first imposed in May 2022, remains in place due to ongoing volatility in global wheat prices and the need to ensure domestic availability.
 Source:  livemint.com
12 Jun, 2025 News Image Tea exports from India rise by 9.92% at 254.67 million kg in CY2024.
Tea exports from India increased by 9.92 per cent at 254.67 million kg, from January to December 2024, against 231.69 million kg in the previous calendar year. According to the latest data released by Tea Board, production in the north Indian estates during calendar 2024 stood at 154.81 million kg, as compared to 141 million kg in the preceding period from January to December 2023, registering a rise of 9.79 per cent year-on-year.
 Source:  economictimes.indiatimes.com
12 Jun, 2025 News Image India-EU Free Trade Agreement feasible by end of 2025: S Jaishankar.
India places a high priority to its relations with the European Union, the centrepiece of which is the Free Trade Agreement negotiations that are making very good progress, External Affairs Minister S Jaishankar said here on Wednesday. During a conversation with The Financial Times Brussels Bureau Chief Henry Foy at the German Marshall Fund (GMF) Forum, the external affairs minister expressed confidence that the year-end timeline set for the completion of the India-EU Free Trade Agreement (FTA) seems 'feasible' following his in-depth talks with EU officials this week.
 Source:  economictimes.indiatimes.com
12 Jun, 2025 News Image India's granaries overflow as rice stocks hit record, wheat surges.
India's rice stocks in government warehouses rose 18% from a year ago to a record high for the start of June, while wheat stocks have hit their highest level in four years on higher procurement from farmers, official data showed on Wednesday. Record rice stocks will help the world's biggest exporter increase shipments, while an improvement in wheat inventories will help the federal government tame any price spikes later this year by increasing open market sales.
 Source:  economictimes.indiatimes.com
12 Jun, 2025 News Image Five chapters finalised in India-EU FTA.
India and the EU have closed five chapters including on intellectual property, and customs and trade facilitation of their proposed free trade agreement (FTA) in the 11th round of talks held on May 12-16 in New Delhi. The two sides also discussed the EU's proposal for easing the process of certification under India's Quality Control Orders, especially improvements in online application and accreditation of EU Conformity Assessment Bodies, said an official.
 Source:  economictimes.indiatimes.com
12 Jun, 2025 News Image Union Commerce and Industry Minister Shri Piyush Goyal concludes successful visit to Switzerland, reinforces momentum for India–Switzerland partnership under EFTA TEPA.
Union Commerce and Industry Minister, Shri Piyush Goyal, concluded a successful two-day official visit to Switzerland from June 9–10, 2025, and commenced his official engagements in Sweden today. The Switzerland leg of the visit focused on advancing India–Switzerland economic cooperation and operationalising the Trade and Economic Partnership Agreement (TEPA) signed earlier this year between India and the European Free Trade Association (EFTA).
 Source:  pib.gov.in