India’s wheat output pegged at record high 120 mt on higher acreage, conducive weather.
India’s wheat production in the current crop year (July-June) is likely to be close to 120 million tonnes (mt), exceeding the government’s target of 119 mt, due mainly to higher acreage and conducive weather throughout the season. However, in some areas where the crop was planted late, the yield may be impacted by the rise in temperature.
Source: thehindubusinessline.com
War hits Indian egg exports to West Asia.
The diversion of about 80 egg-laden containers bound for West Asia from Kochi to Mumbai port has raised concerns among the farmers and exporters in the Namakkal region. They have sought the intervention of the APEDA to help ensure that the cargo reaches the intended destinations. This is even as prices of eggs have dropped by about 20 per cent over the past fortnight due to the disruption in the export supply chain as a result of the ongoing war in West Asia and the seasonal slowdown in domestic consumption.
Source: thehindubusinessline.com
West Asia conflict strands Indian fruit exports at ports, airports.
More than 1,250 sea containers carrying fruits such as bananas, grapes and pomegranates meant for West Asian markets during the holy month of Ramadan are stranded at Nhava Sheva port near Mumbai after shipping services were disrupted by the ongoing Iran–Israel war. Similarly, pallets of fruits are stuck at several airports as Gulf-based airlines suspended operations to the region.
Source: thehindubusinessline.com
Govt grants relaxation to fulfil export obligation.
In a major relief to exporters, the government granted certain relaxations to help them fulfil their obligations amid the 'prevailing geopolitical developments affecting international shipping routes and global supply chains', the Directorate General of Foreign Trade said on Saturday.
Source: economictimes.indiatimes.com
India must tap FTA opportunities: Piyush Goyal.
India must seize market opportunities created by the free trade agreements (FTAs) it has signed so far, said Piyush Goyal, commerce and industry minister, on Monday. The country has signed nine FTAs, covering 38 prosperous and developed nations, he said, highlighting that nearly two-thirds of global trade is currently open to Indian businesses.
Source: economictimes.indiatimes.com
Government sets 30.3 million tonne wheat procurement target.
The government has fixed the wheat procurement target at 30.3 million tonne for the 2026-27 Rabi Marketing Season (RMS), as per an official statement. The target was finalised at a meeting of State Food Secretaries chaired by the Secretary in Department of Food and Public Distribution (DFPD), here on Friday.
Source: economictimes.indiatimes.com
Govt grants relaxation to fulfil export obligation.
In a major relief to exporters, the government granted certain relaxations to help them fulfil their obligations amid the 'prevailing geopolitical developments affecting international shipping routes and global supply chains', the Directorate General of Foreign Trade said on Saturday.
Source: economictimes.indiatimes.com
In Asia, India secured best trade deal with US: Piyush Goyal.
India has secured the best trade deal with the US compared to its competing nations, and the two countries share a 'very powerful' relationship, commerce and industry minister Piyush Goyal said Saturday. India, he said, is building a worldwide web of trade partnerships.
Source: economictimes.indiatimes.com
Piyush Goyal in talks with shipping ministry, companies to tackle stuck cargoes as Middle East crisis stalls trade.
Commerce Minister Piyush Goyal said on Friday he was holding talks with the shipping ministry and companies in the sector to free up cargoes marooned by the disruption of key global trade routes as conflict grows in the Middle East. India will look at ways to ease the burden on exporters, such as the high cost of insurance and cargo shipments, he added.
Source: economictimes.indiatimes.com
Milk as data: The untapped economic value in India’s dairy intelligence.
India has the largest annual dairy production in the world, more than 239 million tonnes. However, dairy’s real opportunity is information; every litre has data on yield, nutrition, animal health, and quality. Most of this data remains unused today. We must consider milk as insight, not just output.
Source: thehindubusinessline.com