The Philippines, one of the world's largest rice buyers and biggest importers of the Vietnamese grain, officially announced a reduction in rice import taxes from 35% to 15%, effective in early August this year and lasting until 2028.

Exporters are likely to seek fiscal support measures in their pre-budget meeting with Finance Minister Nirmala Sitharaman here on Tuesday to increase the country's exports to USD 2 trillion by 2030, an industry official said. The country's exports of goods and services have increased to USD 778 billion in 2023-24 from USD 478 billion in 2017-18.

Centre has imposed a stockholding limit on wheat for retailers, wholesalers, processors and big-chain retailers from Monday, to check the hoarding of the foodgrain and to ensure price stability, a senior official said on Monday.

Union Minister of Agriculture & Farmers’ Welfare and Rural Development Shri Shivraj Singh Chouhan participated today as a chief guest in the alumni meet of Indian Agricultural Research Institute at Pusa, New Delhi. Speaking on the occasion, he appealed to the scientific community to work in the interest of small and marginal farmers and bring a revolution in Indian agriculture. Shri Chouhan said that about 86% of the farmers here are small-marginal farmers. We have to make the model of farming such that farmers can earn their livelihood properly even in farming up to one hectare.

With talks to upgrade the existing free trade agreement (FTA) moving forward between India and Korea, the department of commerce is engaging with different ministries, including heavy industries, steel, and chemicals, to prepare the offer list, an official said.

The mango production in Prayagraj region has got a boost due to the new bagging technique introduced in the mango orchards with the help of the state horticulture department.

With talks to upgrade the existing free trade agreement (FTA) moving forward between India and Korea, the department of commerce is engaging with different ministries, including heavy industries, steel, and chemicals, to prepare the offer list, an official said. Preparation of the list is part of the negotiations, which are underway, for the upgrade of the existing FTA between the two countries, dubbed as comprehensive economic partnership agreement (CEPA).

The Director General of Foreign Trade (DGFT) on Friday said that export projections for the current fiscal are still being finalised while efforts are on to improve the ease of doing business to meet the government's goal of achieving USD 2 trillion in exports by 2030.