Senior officials of India and the five-nation Eurasian Economic Union (EEU) bloc held detailed discussions last month to formally start negotiations for a free trade agreement to boost economic ties, an official said.

India has asked global and domestic trade houses to avoid buying new-season wheat from local farmers to help the government-backed Food Corporation of India (FCI) procure large quantities to shore up its depleting reserves, sources said.

The food processing industry in India has experienced exponential growth, driven by factors such as a burgeoning population, urbanisation, changing lifestyles, and an increasing disposable income. As consumers seek convenient and value-added food products, the demand for processed foods has surged. This trend is evident across various segments, including snacks, ready-to-eat meals, dairy products, beverages, and more.

Paradip Port Authority  (PPA’s) remarkable journey has reached new heights with the recent record-breaking achievement of clocking incredible 145.38 MMT cargo throughput in FY 2023-24 and thus-by nudged passed Deendayal Port, Kandla to emerge as the highest cargo handling major port of the country. For the first time in the 56 years history of operation, PPA has surpassed previous records, set by Deendayal Port. Paradip Port has also recorded growth of 10.02 million metric tonnes (7.4%) of traffic on YoY basis.

India's exports are defying global trade uncertainties, carving out new pathways and reaching unprecedented heights. Bolstered by bilateral agreements, free trade agreements (FTAs), and forays into unexplored territories like Africa, Latin America, and Central Asia, India has achieved an all-time high in exports, soaring to a remarkable USD figure.

The government Tuesday allowed exports of Kala Namak rice up to an aggregate quantity of 1,000 metric tonnes through six specified customs stations. Their exports were prohibited till now.