31 May, 2024 News Image Indian food regulator mulls norms for non-carbonated, non-alcoholic beverages, drinking water.

The Food Safety and Standards Authority of India (FSSAI) has noted a grey area in the non-carbonated and non-alcoholic beverages' space, in terms of legally non-compliant products, especially where salts and many other prohibited minerals are being added. This move may impact all big fast-moving consumer goods (FMCG) companies in the non-carbonated and non-alcoholic beverages' space.


 Source:  cnbctv18.com
31 May, 2024 News Image Sharbati Wheat of Madhya Pradesh Still Fetching Highest Bid in Market.
Even though most of the wheat is procured at Minimum Support Price (MSP) in Madhya Pradesh, farmers need to know which variety sells at a good rate throughout the marketing season.
An analysis of wheat mandi rates prevailing in the state of Madhya Pradesh for May 2024 shows that the Sharbati Wheat variety is still fetching the highest rate with an average price of Rs. 2,608/Quintal.

 Source:  en.krishakjagat.org
31 May, 2024 News Image Millet production stagnates in India: RBI annual report.

India grapples with stagnation in both acreage and production of millets, according to Reserve Bank of India’s annual report for 2023-24. India accounts for almost 80 per cent of Asia’s and 20 per cent of global millet production.


 Source:  thehindubusinessline.com
31 May, 2024 News Image India s trade deficit improved in 2023-24, but it needs to watch its FTAs to fix persistent imbalances.
India’s trade deficit improved in 2023-24, but it needs to watch its FTAs to fix persistent imbalances.
India’s overall exports reached USD 778.2 billion in 2023-24, compared to USD 776.4 billion in 2022-23. While the country’s merchandise exports dipped by 3 percent to USD 437.06 billion, services exports rose to USD 341.1 billion, registering a growth of 4.8 percent over the previous year. 

 Source:  theprint.in
31 May, 2024 News Image Ethiopian launches online certification system for trade in agricultural commodities.
Ethiopia has embarked on a transformation of its agricultural sector by launching the development of Integrated Export and Import Certification System (IEICS), also known as the e-Phyto system.
This digital initiative, a collaboration between the Ethiopian Agricultural Authority (EAA), and TradeMark Africa (TMA), aims to streamline the trade process for agricultural exports and imports.

 Source:  farmersreviewafrica.com
31 May, 2024 News Image Commerce ministry working on standard operating procedure for FTA negotiation.

The commerce ministry held deliberations with experts, former officers and senior officials from different departments on framing a standard operating procedure for free trade pacts and other related issues under these agreements, an official release said on Tuesday. The commerce ministry in the release stated that the 'Chintan Shivir' was organised on May 16-17 at Neemrana, Rajasthan.


 Source:  economictimes.indiatimes.com
31 May, 2024 News Image PM Gati Shakti, National logistics policy driving cold chain market growth.

Government initiatives such as PM Gati Shakti-National Master Plan (PMGS-NMP) and national logistics policy are likely to accelerate the growth of the cold chain market in India, helping the market to grow to Rs 5 lakh crore by 2032 from Rs 2 lakh crore in 2023, Surendra Ahirwar, joint secretary, Department of Industry and Internal Trade (DPIIT) said, citing estimates.


 Source:  economictimes.indiatimes.com
31 May, 2024 News Image No specific proposal for free trade agreement with Maldives has been made by India: MEA.
India on Thursday said it has not made any proposal to the Maldives for a bilateral free trade agreement (DTA) and that it was ready to consider if the island nation expresses interest for such a pact.
 

 Source:  telegraphindia.com
31 May, 2024 News Image UAE looking to expand scope of trade under CEPA with India: Official.

The United Arab Emirates is looking to expand the scope of trade and services covered under the Comprehensive Economic Partnership Agreement (CEPA) with India to further accelerate bilateral trading volume, a senior UAE official said here on Thursday. India and the UAE signed the historic CEPA on February 18, 2022, to further boost bilateral trade and economic ties.


 Source:  economictimes.indiatimes.com
30 May, 2024 News Image Indian mango festival at Souq Waqif.
Souq Waqif in association with the Indian embassy is organising a 10-day Indian Mango Festival or Al-Hamba Exhibition from Thursday at the Eastern Square of Souq Waqif.
The festival, to be inaugurated Thursday at 4.30pm, will welcome visitors daily from 4pm to 9pm until June 8, a statement from the embassy said.
 

 Source:  gulf-times.com