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14 May, 2025 News Image Trump’s remarks aside, India and US move forward on easing shrimp, apple and alcohol trade rules.
Amid Donald Trump's latest comments linking the fate of Indo-US trade with the recent India-Pakistan border standoff, considerable progress is quietly being made between the two governments to ease up on procedural barriers weighing down bilateral trade involving several items. Case in point: Considerable progress has been made over the last fortnight to ease the import of US apples and other food items as well as lessen the pain points for export of the Indian shrimp to the US, ET has learnt.
 Source:  economictimes.indiatimes.com
14 May, 2025 News Image India-US trade relations under focus as Piyush Goyal heads for talks in Washington.
Commerce and Industry Minister Piyush Goyal will lead a team of senior Indian officials to Washington from May 17-20 for discussions on the proposed Bilateral Trade Agreement (BTA) with the US Trade Representative (USTR) Jamieson Greer and US Commerce Secretary Howard Lutnick. The negotiations aim to secure early mutual wins through an interim trade arrangement, with the first phase of the agreement expected by fall 2025. Chief negotiators will meet separately from May 19-22.
 Source:  cnbctv18.com
13 May, 2025 News Image US industry optimistic about getting Indian market access for its soyabean.
The US soyabean industry is 'cautiously optimistic' that India will provide market access for its produce and would like the import duty to be 'as low as possible'. It is of the view that India could import soyabeans and produce more oil and oilmeal, instead of importing a huge quantity of cooking oils annually. It also does not think there could be any issue with genetically modified (GM) soyabeans.
 Source:  thehindubusinessline.com
13 May, 2025 News Image Sustainable dairy: The next frontier for Indian agri-business.
India’s dairy industry, the largest globally, has been a cornerstone of the nation’s agricultural economy. With over 80 million rural households engaged in dairy farming, the sector not only contributes significantly to the country’s GDP but also ensures nutritional security for its vast population. However, the traditional methods of dairy farming are under scrutiny due to environmental concerns, particularly methane emissions and resource-intensive practices. As the world pivots towards sustainable agriculture, India’s dairy sector stands at the cusp of a transformative journey—one that harmonises productivity with environmental stewardship.
 Source:  thehindubusinessline.com
13 May, 2025 News Image India to top world in rice production.
After years of subsidizing its rice farmers by paying for crop inputs and setting minimum support prices, India is about to surpass China as the world’s largest rice producer. USDA’s World Agricultural Outlook Board is forecasting that India will harvest a record 147 million metric tons of rice in the 2024-25 marketing year based on the Indian government’s Second Advanced Estimate and expected summer crop production.
 Source:  farmprogress.com
13 May, 2025 News Image UP govt targets 12 pc increase in Kharif production to 293 LT.
To boost farmers' income, Uttar Pradesh has launched a new Kharif strategy targeting a 12 per cent increase in foodgrain and oilseed production -- from 260 lakh tonnes to 293 lakh tonnes, an official statement said on Monday. Officials have been directed to support this through improved crop planning, promotion of maize and paddy in terms of production and area, respectively, and the construction of 8,500 farm ponds for water conservation, it said.
 Source:  economictimes.indiatimes.com
13 May, 2025 News Image India, EU to hold next round of FTA talks from Monday for early conclusion of first part.
India and the European Union (EU) chief negotiators will begin the next round of talks on the proposed free trade agreement (FTA) here from Monday, with an aim to conclude the first phase of the pact as early as possible, according to an official. The two sides have agreed to conclude the agreement in two phases on account of the uncertain global trade environment, particularly due to the US tariff actions under President Donald Trump.
 Source:  economictimes.indiatimes.com
13 May, 2025 News Image The rising global demand for premium Basmati rice: Opportunities for Indian exporters.
Basmati rice, known for its long grains, delicate fragrance, and distinctive flavour, is experiencing a surge in global demand, especially in its premium forms. According to industry reports, the Basmati rice market size is estimated to reach $31.6 billion by 2027, growing at a CAGR of 9.1 per cent over the forecast period of 2022-2027. This growth is being fueled by increasing global interest in healthy, high-quality grains and a rising preference for traditional and specialty rice varieties in Western markets. For Indian exporters, this upward trajectory presents a golden opportunity to tap into evolving consumer preferences and reaffirm India’s position as the world’s leading supplier of basmati rice.
 Source:  thehindubusinessline.com
13 May, 2025 News Image Basmati price rise due to demand surge, unrelated to India-Pakistan tensions: Exporters body.
The All India Rice Exporters Association (AIREA) reports that recent Basmati rice price increases stem from heightened international demand, particularly from Saudi Arabia, Iran, and Iraq. AIREA clarifies that these price fluctuations are unrelated to geopolitical tensions between India and Pakistan, with export operations proceeding smoothly. Increased demand has nudged prices upward, though they remain below previous highs.
 Source:  timesofindia.indiatimes.com
13 May, 2025 News Image No duty cuts by India on UK wines under FTA; limited concession on British beer.
India is not giving any duty concessions on British wines and is providing only limited import duty benefits on UK beer under the free trade agreement (FTA) between the two countries, announced on May 6, an official said. The other sensitive agri products where India will not offer any reduction in the import duty include dairy products, apple, cheese, oats, animals and vegetable oils under the agreement with the United Kingdom.
 Source:  economictimes.indiatimes.com