Comprehensive review of NAFED to accelerate ‘Self-Reliance in Pulses Mission’ and ensure assured procurement at MSP.
Union Minister for Agriculture and Farmers’ Welfare and Rural Development Shri Shivraj Singh Chouhan on Friday held an extensive review meeting of the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) at his residence at 12, Safdarjung, New Delhi. The meeting focused on procurement arrangements for pulses and oilseeds, ensuring that farmers receive the full benefit of the Minimum Support Price (MSP), and on the effective implementation of related government schemes.
Source: pib.gov.in
Union Agriculture Minister holds bilateral meeting with Brazil counterparts to deepen India–Brazil cooperation in agriculture and allied sectors.
Union Minister of Agriculture and Farmers Welfare, Shri Shivraj Singh Chouhan, held a bilateral meeting with H.E. Mr. Carlos Fávaro, Minister of Agriculture and Livestock of Brazil, and H.E. Mr. Luiz Paulo Teixeira Ferreira, Minister of Agrarian Development and Family Agriculture of Brazil, at Krishi Bhawan on 20th February, 2026, where both sides discussed the status of ongoing cooperation and also outlined the future areas of collaboration.
Source: pib.gov.in
Directorate General of Commercial Intelligence and Statistics Revises Base Year of Merchandise Trade Indices to FY 2022–23 to Reflect Current Trade Structure and Global Patterns.
Merchandise Trade Indices are compiled and published by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), Ministry of Commerce & Industry, to measure changes in the unit values (prices) of India’s exports and imports over time. These indices serve as important indicators of external sector price movements and are widely used for economic analysis, including national accounts compilation and assessment of terms of trade. Over the years, the base year of the indices has been periodically revised to reflect structural changes in India’s trade composition and evolving global trade patterns. The most recent revision updates the base year to FY 2022–23 (2022–23 = 100), replacing the earlier base of FY 2012–13, thereby ensuring that the indices accurately represent the current structure of India’s merchandise trade.
Source: pib.gov.in
India, China among winners after US court blocked Trump tariffs.
In a swift reversal of fortunes, countries that had been hardest hit by US President Donald Trump’s tariffs have emerged as the biggest winners from the Supreme Court’s decision to strike down his emergency levies. China, India and Brazil are among those now seeing lower tariff rates for shipments to the US after the court ruled Trump’s use of the International Emergency Economic Powers Act to impose duties was illegal. While Trump subsequently announced plans for a 15% global rate, Bloomberg Economics calculated that would mean an average effective tariff rate of around 12% — the lowest since his “Liberation Day” tariffs were released in April.
Source: economictimes.indiatimes.com
EU-India FTA to unlock trade growth, AI collaboration and resilient supply chains: Austrian official.
The landmark EU-India Free Trade Agreement (FTA) is a transformative win-win pact that offers immense opportunities in trade, artificial intelligence (AI) and resilient supply chains, Austria's State Secretary in the Federal Chancellery Alexander Proll has said. In an interview with PTI Videos, Proll has described the EU-India FTA as the mother of all deals that stands to benefit nearly 200 crore people and create one of the world's largest free trade zones.
Source: economictimes.indiatimes.com
India, Brazil have huge potential to grow trade: Luiz Inacio Lula Da Silva.
India and Brazil have a strong potential to substantially boost bilateral trade from the current $15 billion, the two sides said Friday, even as they continue efforts to expand a preferential trade agreement (PTA). 'I'm very optimistic about India-Brazil relations as we have a lot of similarities,' Brazilian President Luiz Inacio Lula Da Silva said, adding that the PTA between India and Mercosur since 2009 needs a more ambitious framework. 'The potential of growth is huge.' Lula was speaking at a meeting of the India-Brazil Economic Forum in the national capital.
Source: economictimes.indiatimes.com
India Secures Preferential Access to Nearly Two-Thirds of Global Trade Through High-Quality Free Trade Agreements: Shri Piyush Goyal.
Union Minister of Commerce and Industry Shri Piyush Goyal addressed the Plenary Session of the India–Brazil Business Forum in New Delhi, highlighting the expanding cooperation between India and Brazil across sectors. Referring to the growth in bilateral trade by 25 per cent in the past year to reach USD 15 billion, he described the current level as suboptimal and called for greater ambition in further strengthening economic engagement between the two countries.
Source: pib.gov.in
India-US trade deal: Chief negotiators’ meet on interim pact rescheduled.
India and the US have decided to reschedule the proposed meeting of their chief negotiators in Washington to finalise the text of the interim trade pact, sources said on Sunday. The Indian team was scheduled to start the three-day meeting on February 23'.
Source: economictimes.indiatimes.com
Union Minister Goyal congratulates APEDA for facilitating flag-off of first GI-tagged Salem sago consignment.
Commerce and Industry Minister Piyush Goyal congratulated the Agricultural and Processed Food Products Export Development Authority for facilitating the flag-off of the first GI-tagged Salem sago consignment from Tamil Nadu to Canada. In a social media post, Mr Goyal said that the export will unlock significant opportunities for a larger number of farmers, including tribal communities engaged in tapioca sago cultivation, by enhancing incomes and enabling greater access to global markets, while further strengthening the country’s agri exports. The Minister called this a step in taking India’s GI-tagged agri products to global markets.
Source: newsonair.gov.in
Shorter shelf life impedes export of Bengal’s GI food products.
Shorter shelf life was the main impediment to the export of some popular GI-tag products from Bengal, a top APEDA (Agricultural and Processed Food Products Export Development Authority) official has said. He spoke to TOI after GI Connect 2026, organised by the Confederation of West Bengal Trade Association (CWBTA) along with APEDA. He said GI products from Bengal like Darjeeling Mandarin, Bardhaman's Sitabhog, Bardhaman's Mihidana, rasogolla, Baruipur Guava and Joynagorer Moa were being exported to the Middle East, but the quantity was less and some products were seasonal as well. The popular GI export items from Bengal include Darjeeling Tea and gobindobhog.
Source: timesofindia.indiatimes.com