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01 Apr, 2024 News Image FTAs and new markets will increase India's export to USD 1 trillion by 2030.
Despite global trade uncertainties, India's exports are charting a new course, bilateral agreements, free trade agreement (FTA) and venturing into uncharted territories like Africa, Latin America, and Central Asia have led to all time high export of USD.
With these new initiatives, India has seen a surprising surge in exports of precious metals, minerals, automobiles, electronics, pharmaceuticals, organic chemicals, textiles, spices and defence equipment.
 

 Source:  economictimes.indiatimes.com
01 Apr, 2024 News Image EAM Jaishankar sees tech, trade booster for Malaysia ties.

Foreign minister S Jaishankar described Malaysian Indians as a strong 'living bridge' and Malaysia as a 'reliable partner preparing for an era of closer relations', conveying New Delhi's most emphatic affirmation yet of the winds of change setting in between the two countries as he announced a road map of sorts for the next decade of engagement.


 Source:  timesofindia.indiatimes.com
01 Apr, 2024 News Image India a potential superpower, will seal FTAs on our terms: Goyal.
India is a potential superpower and would not rush into closing Free Trade Agreements (FTAs) unless these are on New Delhi’s own terms, said Piyush Goyal, Union Minister of Commerce and Industry, Consumer Affairs and Food & Public Distribution, and Textiles.
 

 Source:  indianexpress.com
01 Apr, 2024 News Image WTO: Members make progress with SPS Agreement Sixth Review, discuss trade concerns.

Every four years, WTO members review how they are implementing the SPS Agreement. The proposed process for the Sixth Review was discussed and adopted by members at an SPS Committee meeting in  November 2023. Proposals covering diverse topics such as modern challenges, regionalization, technology, transparency and follow-up to the MC12 SPS Declaration work programme were discussed, paving the way for an extensive agenda for the Committee's work in 2024.


 Source:  wto.org
01 Apr, 2024 News Image Closing ceremony of the International Year of Millets 2023 took place at the FAO headquarters, Rome, Italy in a hybrid set up.

The Food and Agriculture Organization (FAO) organized closing ceremony of the  International Year of Millets (IYM) 2023 on 29 March 2024 at the FAO headquarters, Rome, Italy. The high-level hybrid event that allowed participants to join both in-person and virtually and was graced by esteemed dignitaries from various parts of the world, including Additional Secretary, Department of Agriculture and Farmers Welfare Smt. Maninder Kaur Dwivedi from Govt. of India.


 Source:  pib.gov.in
01 Apr, 2024 News Image Agriculture in Viksit Bharat: In the vision of a developed India by 2047, agriculture must also catch up with the times.

The temperatures are rising not only atmospherically but also politically. It is now confirmed that the year 2023 was the warmest year on record since 1850, according to the National Oceanic and Atmospheric Administration (NOAA). The 2023 temperatures were 1.18°C higher than the pre-industrial levels, and many scientists are predicting that 2024 could be even worse.


 Source:  financialexpress.com
01 Apr, 2024 News Image FSSAI issues revised list of labs for testing micronutrients in FR, FRK.
The national food regulator has issued a revised list of notified laboratories for testing of micronutrients in Fortified Rice (FR), Fortified Rice Kernel (FRK) and Vitamin-Mineral Premix for Fortified Rice Kernel.
This order supercedes the previous order regarding the notified labs.

 Source:  fnbnews.com
28 Mar, 2024 News Image M sia seeks additional 500,000 tonnes of white rice from India
Malaysia has requested for an additional 500,000 tonnes of white rice from India, said Agriculture and Food Security Minister Datuk Seri Mohamad Sabu.
 
Mohamad said the official application to India would be made through diplomatic channels soon.
 
'In the meeting just now, I took the opportunity to record our deepest appreciation for the special export allocation of 170,000 tonnes of white rice to Malaysia by the government of India,' he said in a statement issued today after India’s Foreign Minister Dr S. Jaishankar paid a courtesy call on Prime Minister Datuk Seri Anwar Ibrahim.
 
On Oct 18, the media reported that the Indian government had approved the export of 170,000 tonnes of non-Basmati white rice to Malaysia as a symbol of the special friendship between the two countries.
 
Mohamad, who also attended the discussion session between Jaishankar and Anwar, said Malaysia had also submitted an official request to India earlier this year to obtain a special export allocation of 100,000 tonnes of onions through a government-to-government (G2G) arrangement.
 
He said Malaysia appreciated the cordial bilateral relations with India in the fields of agriculture and food security.
 
'There are enormous opportunities for Malaysia and India to expand the scope of bilateral cooperation in agriculture and food security,' he said.
 
Expressing the hope that the good bilateral relations between Malaysia and India will continue to strengthen, especially in the field of agriculture, Mohamad wants the relations between the two countries to reach a higher level and expand in the future.
 
Sharing the amount of trade in the agricultural sector between Malaysia and India for the period from January to November 2023, he said the value of trade in the sector was worth RM19.42 billion.
 
Jaishankar is on a two-day working visit to Malaysia starting today. -Bernama

 Source:  https://thesun.my
28 Mar, 2024 News Image Chana prices ease on pick up in arrivals, imports of yellow peas
Prices of chana (Bengal gram) have eased a tad during March compared with the previous month. Factors such as the Government’s move to make available Bharat dal at ?60 a kg, increase in imports of yellow peas and market arrivals of the new chana crop have contributed to the easing prices, sources said.
 
Per the Agmarknet data, the average mandi prices have eased almost across all producing States this month. In several mandis of Madhya Pradesh such as Harda and Ganjbasoda, the modal price (the rate at which most trades take place) of chana hovered around or below the minimum support price (MSP) levels on Tuesday. Similarly, in mandis of Rajasthan such as Bundi and Kota, the modal price of chana ruled below the MSP on Tuesday. The MSP for chana for the 2024-25 rabi marketing season is ?5,440 per quintal.
 
Slack demand
 
'The chana prices are stable and ruling below the MSP in some mandis and hovering around MSP in some mandis. The demand for chana has been slack. The market arrivals of chana are expected to pick up after Holi. We expect large quantity arrivals in the days ahead and ee no room for prices to go up. Also, lot of imports of yellow peas is happening,' said Bimal Kothari, Chairman, India Pulses and Grains Association.
 
The Government has extended the window for duty-free imports of yellow peas by a month till April. 'From December 8, 2023, when the yellow pea imports were opened up, till April 30, we expect yellow pea imports of around 1.5 million tonnes,' Kothari said.
 
Expected imports
 
Rahul Chauhan of Igrain India said the expected imports of yellow peas till end-February were around 5.87 lakh tonnes (lt). About 1.68 lt were imported till January-end and expected imports during February was 4.18 lt. Bulk of the yellow pea imports into the country are from Russia and Canada. Ukraine, Lithuania, Latvia and Turkey are other countries from where the yellow pea imports are taking place.
 
Besides the yellow pea imports, the steps taken by the Government to make available the chana dal in the retail market and increase in market arrivals is contributing to the easing price trend, Chauhan said.
 
Per the second advance estimates released by the government last month, the production of chana is seen at 121.61 lt for the 2023-24 rabi season.
 

 Source:  thehindubusinessline.com
28 Mar, 2024 News Image Kimitec from Spain joins hands with FIL industries to transform apple fruit industry in India
Spanish bio-innovation giant Kimitec has entered into a strategic partnership with India's leading investor in apple sector FIL industries based in Kashmir to revolutionize the apple fruit industry in India.
 
Both the companies claim that the addressable market of this partnership is around $30 million in the next five years.
 
The partnership aims to transform the horticulture sector in India with a focus on apples and on opportunities in the area of agro-waste management. They will work towards creation of a circular economy for bio-stimulants and smart fertilisers derived from such processes.
 
'Given the dimension and market share of the FIL industries, we are ambitious that we can reach the numbers we aim for. If we co-invest and design our solutions according to the needs of the farmers we shall be looking at $30 million addressable market in five years,' said Stéphane Chabierski, EVP Global Corporate Strategy and General Manager Asia-Pacific for Kimitec.
 
India will be the largest producer of Bio-waste in 2030 and the FIL-Kimitec partnership, Chabierski says, will focus to work with on upcycling waste management.
 
'FIL is the largest apple integrator in the country and has an existing interest in valorizing apple waste. We think we have technologies to help FIL to work on this and many more such projects on a national scale,' said Chabierski. Kimitec extracts molecules from biowaste and sells them to the food and cosmetic industry. The company has now introduced AI platform LINNA to accelerate discovery of new molecules. 'From 18 months it would now take us just one month to find one molecule. We aim to find 3 to five million new compounds in the next decade,' he said.
 
With apple as the main focus of this partnership in the first phase, both the partners are ambitious about their potential to bring in ground breaking changes in the apple industry in J&K and other parts of India, which will increase the quality and quantity manifold.
 
'We are looking at decadal partnership with Kimtec. For a farmer, this partnership aims to bring end to end solutions through cutting edge technology with sustainability and responsibility. For us this is the FIL 2.0 version looking at innovative partnerships and solutions,' said Syed Junaid Altaf, Group Executive Director of FIL industries. He reiterated the company’s commitment to biologicals and bio stimulants and what they represent to the farmer. 'We are not giving a substitution but we are here with a better alternative that aims to give better look to the fruit, better feel and outcome and better returns,' said Junaid.
 
The FIL industries is also currently working to present a 100 percent biological solution for Scab disease of apple, which will also be cost effective and far better than any chemical pesticide. 'Apple is going to stay and remain the main focus in the horticulture sector at least for the next two decades. We aim to improve the quality of fruit from traditional orchards and educate the farmer about high density plantations to ensure he gets the desired results,' said Junaid. FIL has already introduced some of Kimtec's products here as well and are in regular touch with farmers to get feedback from the ground.
 
The apple industry in J&K is currently around $ 1 billion and Junaid says that with the technology, awareness and know-how from international partnerships like Kimitec, it has the potential to grow three times in the next decade.
 
The FIL industries is also working on an App for development and advisory purposes aimed to interact with 80,000 to one lakh farmers every year. 'Focus will be to digitally capture a farmer’s data point, land detail for insurance and advisory as well. It is a pure outreach endeavour,' said Junaid. The FIL is also launching India’s first parametric apple crop insurance programme –appleINSURE aligning with FIL Industries’ dedication to comprehensive support programs with focus on apple farmers in J&K and Himachal Pradesh.

 Source:  economictimes.indiatimes.com