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20 Jun, 2024 News Image DGFT proposes review in export obligation period for certain sectors.

The commerce ministry's arm DGFT on Tuesday proposed to amend the export obligation period for certain sectors such as spices, pharmaceuticals and tea, with a view to facilitate outbound shipments.


 Source:  business-standard.com
20 Jun, 2024 News Image Reduction of post-harvest food wastage critical, says Union Minister Chirag Paswan.
Union Minister of Food Processing Chirag Paswan on Wednesday stressed on the need to develop a holistic supply chain to reduce post harvest agricultural wastage and prioritising increasing farmers’ incomes.
 

 Source:  thehindubusinessline.com
19 Jun, 2024 News Image South Africa Opens Doors to Indian Mango Varieties: APEDA Official Reveals.
South Africa has officially opened its doors to a variety of Indian mangoes, marking a significant milestone in the agricultural trade between the two countries. Simmi Unnikrishnan, Assistant General Manager at the Agricultural and Processed Food Products Export Development Authority (APEDA) of India, announced this development during the Bharat Mango Utsav 2024 event held at the Indian Consulate. This decision comes after a year of negotiations and is expected to bolster the mango trade significantly.
 
The announcement was made in the presence of local traders and media, highlighting the completion of a 1.5 metric tonne shipment of mangoes from Gujarat to South Africa. The varieties introduced include Alfonso, Totapuri, Rajapuri, Badami, Kesar, and Neelam, showcasing India's rich diversity in mango production. India, being the world's largest mango producer, accounts for half of the global production, while South Africa holds a 17% share.

 Source:  www.oneindia.com
19 Jun, 2024 News Image Government proposes export obligation period review for certain sectors.
The government on Tuesday proposed to amend the export obligation period for wheat, raw sugar, natural rubber, spices, pharmaceuticals and tea, among other sectors to facilitate their exports.
 
India allows duty free import of inputs used for manufacturing for exports subject in advance authorisation to export obligation period in which exporters have to ship the goods within a stipulated time period otherwise they’re penalised.

 Source:  economictimes.indiatimes.com
19 Jun, 2024 News Image India's Soyameal Exports Soar by 8% Amidst Strong West Asian Demand.
Summary
 
India’s soyameal exports grew by 8% from October to May 2023-24, driven by strong demand from West Asia, reaching 16.41 lakh tonnes. Despite lower domestic consumption, crushing activities increased, and production rose to 68.26 lakh tonnes. Soyabean stocks decreased to 45.71 lakh tonnes, while imports and balance stocks saw a rise. Major buyers included Iran, UAE, Bangladesh, and Nepal.
 
Highlights
 
Increased Soyameal Exports: India’s soyameal exports surged by approximately 8% during the October-May period of the 2023-24 oil year. This increase was fueled by a growing demand from West Asia, with the total exports reaching 16.41 lakh tonnes compared to 15.16 lakh tonnes in the same period of the previous year. This highlights a robust international market for Indian soyameal despite domestic challenges.

 Source:  in.investing.com
19 Jun, 2024 News Image Horticulture plays a large role in India's agricultural diversification.

The transformation into a foodgrain-surplus nation was significantly influenced by the Green Revolution in India. However, this achievement came with its own set of challenges including groundwater depletion, soil fertility decline, and excessive use of pesticides and fertilizers. This situation prompted a shift towards diversifying agriculture with an emphasis on high-value crops like fruits, vegetables, and flowers, thereby enhancing horticulture's prominence in the agricultural sector. Horticulture not only promises to increase farm income but also ensures livelihood security and has the potential to earn foreign exchange. This sector has become an attractive avenue for small and marginal farmers.


 Source:  www.freshplaza.com
19 Jun, 2024 News Image UK overtakes China as India's fourth-largest export market in May.
The United Kingdom (UK) has overtaken China to become India’s fourth-largest export market in May, commerce department data showed. The UK was India’s sixth-largest export destination in May last year.
 
While exports to the UK grew by a third to $1.37 billion in May, the shipments to China saw 3 per cent growth at $1.33 billion last month

 Source:  www.business-standard.com
19 Jun, 2024 News Image Don t extend ban on de-oiled rice bran beyond July, says SEA.
Cooking oil industry body Solvdnt Extractors’ Association has requested the central government to not extend the ban on export of de-oiled ricebran beyond July 31.
 
India usually export about 5 to 6 lakh tons of Deoiled Ricebran mainly to Vietnam, Thailand and other Asian countries.

 Source:  economictimes.indiatimes.com
19 Jun, 2024 News Image PM Modi addresses farmers, says he wants Indian products on every dining table in world.
Addressing a PM Kisan Samman Sammelan, Modi said, 'We have to think about the global market. We have to become self-reliant in pulses and oilseeds and a leader in agricultural exports. Look, 'Langda' mango of Banaras, Jaunpur's radish, Ghazipur's lady finger, and many such products are reaching the foreign market today.' 
 
He said that with the 'one district one product' initiative and the formation of hubs at the district level, exports are increasing.

 Source:  www.deccanherald.com
19 Jun, 2024 News Image MoFPI Hosts Regional Meet to Promote World Food India 2024.

In anticipation of the third edition of ‘World Food India 2024’, scheduled for September in New Delhi, the Ministry of Food Processing Industry (MoFPI) of India, with support from the Knowledge Chamber of Commerce and Industry, organized a Regional Industry Meet in Ahmedabad. This event aimed to engage stakeholders from the food processing industry and its allied sectors, promoting participation in the upcoming mega food event at Pragati Maidan.


 Source:  agronfoodprocessing.com