1. Home
  2. Market Intelligence
  3. Market News
Back
20 Jan, 2025 News Image Shri Piyush Goyal holds high level dialogue with European Commissioner for Trade and Economic Security.
Commerce and Industry Minister (CIM) Shri Piyush Goyal met with Mr Maroš Šefčovič, European Commissioner for Trade and Economic Security for a High Level Dialogue from 18-19 January 2025 in Brussels. This was the first in-person meeting between the two leaders, subsequent to the introductory video conference held in December 2024. The dialogue was marked by mutual respect, consideration towards each other's sensitivities and was aimed at setting up a new framework for India-European Union strategic agenda in the area of trade and investments.
 Source:  pib.gov.in
20 Jan, 2025 News Image India set to allow 1 million tons of sugar exports this year.
India is set to allow exports of 1 million metric tons of sugar during the current season, government and industry sources said, to help mills export surplus stocks from the world's second biggest producer of the sweetener and help prop up local prices. The permission to let mills sell 1 million tons of sugar on the world market could put further downward pressure on global sugar prices .
 Source:  economictimes.indiatimes.com
20 Jan, 2025 News Image India's exports of food goods jump 11% to $17.8 billion in April-December.
India's exports of agricultural and processed food products registered a robust 11 per cent growth to $17.77 billion during April-December of the current financial year compared to the same period of the previous year, according to official figures. Data compiled by the Directorate General of Commercial Intelligence and Statistics (DGCIS) shows that rice exports in the first nine months of FY25 saw a sharp increase of over 19 per cent to $8.72 billion compared to $6.44 billion in the same period last fiscal.
 Source:  zeebiz.com
20 Jan, 2025 News Image ‘India poised to develop world’s shortest-duration mustard variety without losing yield’.
Mustard production this year may be lower, but productivity will not be lower than the previous year’s 1.44 tonne per hectare, said P K Rai, Director of the Bharatpur-based Indian Institute of Rapeseed-Mustard Research. He also said that ICAR is in the process of developing short-duration varieties to combat the impact of climate change without compromising on yield. If that happens, it will probably be the world’s shortest duration variety with a high yield.
 Source:  thehindubusinessline.com
20 Jan, 2025 News Image Early Modi-Trump meet, Quad summit, trade, immigration, and tariffs on Jaishankar’s Washington agenda.
Ahead of his visit to Washington, External Affairs Minister S. Jaishankar said that the inauguration of U.S. President Donald Trump, which he will attend, could have 'profound consequences for the global order', spelling out some of the challenges and opportunities India could face over the next four years.
 Source:  thehindu.com
20 Jan, 2025 News Image Addressing market access issues, improving connectivity to boost India-New Zealand trade: GTRI.
India and New Zealand should address market access issues for goods, promote collaborations in key sectors, and work on improving connectivity with an aim to boost bilateral trade, which is just USD 1.5 billion, think tank GTRI said on Sunday. Both countries should set a target to double two-way trade within five years by identifying products for early tariff relief and organizing business delegations and roadshows in India, it said.
 Source:  economictimes.indiatimes.com
17 Jan, 2025 News Image Agri & processed food exports grow over 11% to $17.77 billion in April-December.
India’s exports of agricultural and processed food products rose by more than 11% year-on-year to $17.77 billion during April-December of the current financial year, after the government removed most of the restrictions on rice shipments. According to data compiled by the Directorate General of Commercial Intelligence and Statistics (DGCIS), rice exports in the first nine months of FY25 saw a sharp increase of over 19% to $8.72 billion compared to $6.44 billion in the same period last fiscal.
 Source:  financialexpress.com
17 Jan, 2025 News Image Exporters project record coffee output for 2024-25 at 3.8 lakh tonnes.
Exporters are projecting a record Indian coffee of 3.8 lakh tonnes for the current 2024-25 crop year starting October for which the harvest is currently going on for both the varieties — arabica and robusta — in the key producing regions. 'We expect the crop to be around 3.8 lakh tonnes (lt) comprising 80,000 tonnes of arabicas and 3 lakh tonnes of robustas,' said Ramesh Rajah, President, Coffee Exporters Association. 'We think the robusta crop is better, while arabica is partially lower,' Rajah said.
 Source:  thehindubusinessline.com
17 Jan, 2025 News Image India-Germany Strengthen Agricultural Partnership: Focus on Sustainable Farming and Technological Innovation.
Dr. Philipp Ackermann, Ambassador of the Federal Republic of Germany, met with Dr. Devesh Chaturvedi, Secretary of the Ministry of Agriculture and Farmers Welfare (MoA&FW), at Krishi Bhawan to discuss deepening Indo-German collaboration in agriculture and allied sectors. During the meeting, Dr. Chaturvedi emphasized the robust partnership between India and Germany, which has been bolstered by Intergovernmental Consultations (IGC), Memorandums of Understanding (MoUs), and Joint Declarations of Intent (JDIs).
 Source:  devdiscourse.com
17 Jan, 2025 News Image Indian flour mills buy 1.41 lakh tonnes of wheat in FCI’s open market sale this week.
The offtake of wheat in the Government’s open market auction through the Food Corporation of India was 94 per cent this week after the weekly offer was raised by 50 per cent to 1.5 lakh tonnes (lt). However, the top bid prices in 13 States were above Rs.3,000/quintal, an indication that more supplies may be needed to help cool prices before procurement starts from April at minimum support price (MSP) of Rs.2,425/quintal.
 Source:  thehindubusinessline.com