1. Home
  2. Market Intelligence
  3. Market News
Back
12 Jun, 2025 News Image 41 Countries Import Indian Mangoes But This One Country Surpasses The Rest.
India continues to make its mark globally with its mango exports, sending the king of fruits to over 40 countries in 2024. While traditionally the United States and the United Kingdom have remained major buyers, the latest figures reveal a surprising shift. As reported by multiple agencies, a nation in the Gulf region has emerged as the leading importer, overtaking Western countries in volume and value.
 Source:  curlytales.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
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 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 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
11 Jun, 2025 News Image India’s spice exports hit a new high of $4.72 billion in FY25 on strong demand
The record shipments in FY25 is despite chillies witnessing a decline in value due to fall in prices. Chillies remain the largest product in India’s spice basket, both in volumes and value, accounting for over a fourth of total spice exports. India’s chilli exports were down 11 per cent to $1.34 billion during FY25, from $1.50 billion in the previous year. The fall in prices impacted the chilli exports despite volumes witnessing an increase of around 19 per cent to 7.15 lakh tonnes ( 6.01 lakh tonnes).
 Source:  https://www.thehindubusinessline.com/
11 Jun, 2025 News Image India, China set to drive palm oil market with aggressive buying, industry expert says
Demand for palm oil from India and China is expected to increase in coming months as recent price corrections provide attractive entry points for the big buyers, an industry expert said on Tuesday. Prices of palm oil in Malaysia gained nearly 20% last year, but shed around 12% so far this year as the high prices led to palm oil losing some competitive edge to rival oils such as soyoil. "We feel in the short term, those markets will come back. We see heavy buying from India, China," Julian McGill, managing director of advisory firm Glenauk Economics, said.
 Source:  https://economictimes.indiatimes.com
11 Jun, 2025 News Image Sugar exports top 5.5 lakh tonnes, may end up at 8 lt
India exported 2.29 lakh tonnes (lt) of sugar in the past two months, taking total shipments to 5.38 lt since the government allowed 10 lt exports on January 20 for the current season ending September 30.However, as 23,219 tonnes were on transit or waiting for loading at ports, the total quantity can be pegged at over 5.61 lt. In the ongoing 2024-25 sugar season until May 31, the position on physical sugar dispatches from sugar mills for export was 5.17 lt as per the provisional data sourced from Dr. Amin Controllers, the All India Sugar Trade Association (AISTA) said in a statement on Tuesday. The quantity included 4.10 lt of white sugar, 25,382 tonnes of raw sugar and 81,845 tonnes of refined variety.
 Source:  https://www.thehindubusinessline.com
11 Jun, 2025 News Image Union Agriculture Minister Shri Shivraj Singh Chouhan Leads Nationwide Outreach Under Viksit Krishi Sankalp Abhiyan
The 15-day national campaign, concluding on 12 June, aims to bridge the gap between scientific research and grassroots agriculture by reaching over 1.5 crore farmers across 700+ districts with the support of 16,000 agricultural scientists and 2,170 interdisciplinary teams. Major Highlights of the Minister’s Visits
 Source:  https://www.pib.gov.in/
11 Jun, 2025 News Image Nabard’s annual mango festival begins at Odisha
With Odisha emerging as a mango-growing hub with unique varieties and growing global appeal, the Annual Mango Festival, is a step towards fulfilling its market potential. The festival is being held from June 10 to 12 at the Nabard Regional Office campus at Nayapalli in Bhubaneswar, bringing the best of Odisha’s mangoes. The festival, which began in 2003-04, is part of Nabard’s flagship tribal development fund (TDF) initiative to promote small orchard-based livelihoods — the Wadi — among tribal families. Mango cultivation, central to this effort, has transformed degraded lands into income-generating assets, an official release said.
 Source:  https://www.thehindubusinessline.com