From natural farming to digital agriculture, BRICS countries agree on four new global networks
The networks include BRICS Network of Centres of Excellence on Agro-Ecology and Regenerative Agriculture, BRICS Network on Digital Agriculture, Global Forum on Farmers’ Rights in Seed Systems and BRICS AgriN – Agro Inputs, Genetic Resources and Information Network. The BRICS Agriculture Ministers and officials-level meetings held in Indore concluded with the adoption of a unanimous ‘Indore Declaration’ that includes several historic decisions giving new direction to food security, farmer welfare, climate-resilient farming, agricultural trade and digital agriculture. Shivraj Singh Chouhan, Union Minister for Agriculture & Farmers Welfare and Rural Development made it clear that member countries have decided to make collective and sustained efforts to translate all initiatives mentioned in the Indore Declaration into action on the ground so that its benefits actually reach farmers, rural communities and food systems in a real and impactful manner.
Source: agrospectrumindia.com
Bananas remain one of India's fastest-growing fruit exports despite war and weather disruptions
India's banana exports continue to record strong growth, with export values rising steadily over the past five years, says Shvam Dhumal of Agroindi EXIM Pvt Ltd. "The fruit has become one of India's fastest-growing fresh produce export categories, even as the industry currently deals with geopolitical tensions, logistics disruptions, and weather-related challenges." According to Shvam, "India's banana export value increased from USD 124.5 million in FY 2021-22 to USD 149 million in FY 2022-23 before surging to USD 255 million in FY 2023-24. Exports reached USD 339 million in FY 2024-25 and further climbed to USD 462 million in FY 2025-26, reflecting an annual growth of 36%."
Source: freshplaza.com
US-Iran peace deal may help boost India's exports, stabilise rupee
The announcement that the US and Iran have finalised a deal to end their 107-day conflict and reopen the Strait of Hormuz is expected to boost India's exports to West Asia, which was severely impacted by the hostilities, spur manufacturing activity and help stabilise the rupee, according to exporters and experts. They said the announcement, if implemented successfully, would reduce pressure on India's import bill, ease inflationary covers and create a more conducive environment for trade.
Source: economictimes.indiatimes.com
US Trade Representative Greer to visit India on June 23-24 for talks
U.S. Trade Representative Jamieson Greer is scheduled to visit India on June 23-24, an Indian trade official said on Monday. His discussions with Indian officials will focus on giving final touches to the interim deal between New Delhi and Washington, the official said.
Source: reuters.com
The cumulative exports (merchandise & services) during April-May 2026-27 is estimated at US$ 162.69 Billion, as compared to US$ 141.89 Billion in April-May 2025-26, an estimated growth of 14.66%
The cumulative value of merchandise exports during April-May 2026-27 was US$ 88.91 Billion, as compared to US$ 76.59 Billion during April-May 2025-26, registering a positive growth of 16.09%
Source: pib.gov.in
India's soyabean imports may touch a record 9 lakh tonnes for oil year 2025-26
India's soyabean imports during the oil year 2025-26 ending September are likely to touch a record 9 lakh tonnes, a whopping increase over 0.02 lakh tonnes (lt) last oil year. The sharp increase in imports is due to demand-supply mismatch. The Soyabean Processors Association of India (SOPA) has estimated that till May-end in the current oil year, soyabean imports have touched 6.3 lt, with bulk of them coming in the past four months. Based on the import trend, SOPA has revised the projections and expects imports to touch 9 lt for the year, from the earlier estimates of 6 lt for the year.
Source: thehindubusinessline.com
India's trade with West Asia gradually improving: Commerce Secy.
New Delhi: India's trade with West Asia contracted in May due to disruptions caused by the US-Iran conflict, though it is showing signs of a gradual recovery, a senior official said on Monday. Commerce Secretary Rajesh Agrawal said India's exports to the region had declined in March due to the conflict, but improved in April and further in May, reaching "more or less" the same level as in May last year.
Source: economictimes.indiatimes.com
India, UK working to resolve issues for trade pact implementation
New Delhi: India and the UK are discussing issues hindering the implementation of the free trade agreement, which was signed in July last year, a senior government official said on Monday. Commerce Secretary Rajesh Agrawal said that the Indian team is already in London to take forward the discussions and see that "we are able to operationalise" the deal.
Source: economictimes.indiatimes.com
India, UAE step up efforts to expand Re-dirham trade
More than 15% of the India-UAE trade has been invoiced in local currencies since the formalisation of the rupee-dirham mechanism nearly three years ago, India's top diplomat in the UAE said.
Source: economictimes.indiatimes.com
India has achieved self-sufficiency in food production: CTCRI director.
India has achieved self-sufficiency in food production and has emerged as a global leader in agriculture, the head of CTCRI - an organisation researching tropical tuber crops - said here on Saturday. Dr G Baiju, Director of the Indian Council of Agricultural Research (ICAR)-Central Tuber Crops Research Institute (CTCRI), said that the country had depended on food imports in the 1950s but has later achieved self-sufficiency in food production.
Source: economictimes.indiatimes.com