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29 Dec, 2025 Union Budget 2026: India mulls barriers to cut import dependence, narrow trade gap. India is weighing higher customs duties and targeted incentives for a range of goods where imports remain high despite local production, in a bid to narrow the merchandise trade gap and reduce dependence on single-source supply chains. The proposed initiative could be rolled out in the upcoming budget, people aware of the development said. 'There are certain goods in which we have high dependence on some geographies. We want to de-risk imports,' an official said. Source: economictimes.indiatimes.com
29 Dec, 2025 Landmark free trade milestone in 2025 injects momentum behind stronger India-UK ties. The highly anticipated free trade deal between India and the UK, in the works for over four years, came to fruition in 2025, alongside a 'Vision 2035' pact to revitalise bilateral ties beyond the realm of trade and investment. The Free Trade Agreement (FTA) negotiations dominated the headlines for the major part of the year as both sides looked determined to get the deal over the line and formally signed off during Prime Minister Narendra Modi's visit to the UK in July. Source: economictimes.indiatimes.com
29 Dec, 2025 Thai rice enjoys $75/t premium over Indian grain as it eyes G2G deal with China. Thailand’s rice prices have increased by over 15 per cent in the past four months, even as the cereal’s rates in India continue to languish at multi-year lows. Thai rice is currently enjoying over $75 a tonne premium over Indian rice on hopes of a deal with China buying more, said trade sources. Source: thehindubusinessline.com
29 Dec, 2025 Palm Oil Hits Two-Week High on Increased Malaysian Exports. Palm oil continued to climb for a fourth session, reaching its highest level in two weeks on the back of increased demand for Malaysian product. Exports from second-largest grower Malaysia rose 1.6% month-on-month during the first 25 days of December, according to Intertek Testing Services. India was the top buyer with 279,550 tons imported, a 66% rise compared to the same period the previous month. Source: bloomberg.com
29 Dec, 2025 Indian wines taste victory beyond grapes & borders. A small but expanding group of fruit-based, non-grape wineries has carved a niche clientele overseas, as India’s winemakers sharpen their focus on overseas markets amid tepid domestic sales growth. Wine exports from the country in the first seven months of this financial year surged to a record $6.7 million, more than double the value recorded during the year-ago period, according to an analysis by trade think tank GTRI. Although the export market continues to be dominated by grape-based wines, led decisively by Nashik’s Sula Vineyards, non-grape Indian wines are increasingly finding takers abroad, according to industry executives. Source: economictimes.indiatimes.com
26 Dec, 2025 Indian coffee exports to reach $2 billion at the end of 2025 despite a 6% drop in volumes. Indian coffee exports are set to exceed $2 billion by the end of 2025: more than double the value of five years ago, reflecting the sharp rise in prices. Data based on export permits issued by the Coffee Board of India shows shipments up to December 16 stood at $1.968 billion, a 21% increase from $1.63 billion recorded over the same period last year. Source: comunicaffe.com
26 Dec, 2025 Exports likely to grow by 3% to $850 billion this fiscal: GTRI. India's goods and services exports are likely to grow by 3 per cent to USD 850 billion in 2025-26, think tank GTRI said on Thursday. In 2024-25, the overall exports touched USD 825 billion (USD 438 billion in merchandise and USD 387 billion in services). Source: economictimes.indiatimes.com
26 Dec, 2025 Hope to conclude trade talks with US sooner than later: Commerce secretary. Commerce Secretary Rajesh Agrawal on Tuesday said India is actively engaged in trade discussions with the US, and hopes to conclude the talks 'sooner than later' in a manner that restores deeper market access for domestic exporters. He also said that despite challenges in the US, Indian exporters have maintained their exports in that market. Source: economictimes.indiatimes.com
26 Dec, 2025 Odisha farmers export 1,000 kg of fresh produce to Dubai. Farmers from Odisha’s Kalahandi and Nabarangpur districts have exported 1,000 kg of fresh produce to Dubai via Biju Patnaik International Airport, Bhubaneswar. The consignment included garlic and French beans exported for the first time from Odisha, along with baby potatoes, ivy gourd, pointed gourd, and papaya, sourced from FPO farmers. Source: thehindubusinessline.com
26 Dec, 2025 Russian spirits' export to India nearly quadruples in 10 months: Report. Moscow, The exports of Russian spirits to India have nearly quadrupled in the first 10 months of the year compared to the same period last year, making India an attractive emerging market for Russian exporters, according to a media report. Citing data from the Federal Centre for Agricultural Export Development of the Russian Ministry of Agriculture (Agroexport), leading financial and trade daily 'Vedomosti' said India is emerging as an attractive market for Russian exporters of Vodka and other hard alcoholic beverages. Source: economictimes.indiatimes.com
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