India Eyes Export Windfall as Bangladesh Rushes to Import Rice Amid Crop Concerns.
As monsoon unpredictability looms large over South Asia, India’s rice exporters are finding themselves in a sweet spot. Bangladesh, facing the threat of excessive rainfall damaging its newly sown rice crops, has floated a massive tender to import nearly 0.9 million tonnes (MT) of rice, opening up fresh and significant export prospects for India. Scheduled for August 7, the tender will allow 0.4 MT to be imported through government agencies and another 0.5 MT by private traders. This early move by Bangladesh, which usually starts importing after August, signals an urgent need to secure food reserves ahead of any potential crop loss.
Source: smestreet.in
Support to Farmers for Adopting Quality Standards.
Ministry of Food Processing Industries (MoFPI) is implementing two Central Sector Schemes namely Pradhan Mantri Kisan SAMPADA Yojana (PMKSY) and Production Linked Incentive Scheme for Food Processing Industry (PLISFPI). Further, a Centrally sponsored scheme namely PM Formalization of Micro Food Processing Enterprises (PMFME) scheme is also being implemented.
Source: pib.gov.in
India is the fastest-growing economy and will soon be third largest: Piyush Goyal counters Donald Trump's 'dead economy' jibe.
During the Parliament Monsoon Session, Union Minister Piyush Goyal while responding to Trump tariffs said that India will soon become the third largest in the world in terms of GDP size and is currently the world's fastest growing major economy. In what appeared to be a response to US President Donald Trump's jibe that India is a 'dead economy', Goyal highlighted that the Indian economy will soon become the third largest in the world in terms of GDP size and is currently the world's fastest growing major economy. He also said that in a span of few years India has gone from being the world's 11th largest to the 5th largest.
Source: economictimes.indiatimes.com
New Subsidy Schemes to Support FPIs.
Ministry of Food Processing Industries (MoFPI) is implementing two Central Sector Schemes namely Pradhan Mantri Kisan SAMPADA Yojana (PMKSY) and Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) for small, medium and large food processing. Further, MoFPI is also implementing a Centrally sponsored scheme namely PM Formalization of Micro Food Processing Enterprises (PMFME) scheme for micro enterprises.
Source: pib.gov.in
US tariffs a temporary hurdle for rice exports, India retains price advantage, says IREF.
A rice exporters' body on Thursday termed the 25 per cent US tariff from August 1 as a temporary 'hurdle' for rice shipments and stated that India still retains a pricing advantage over competitors like Vietnam and Pakistan. US President Donald Trump has announced the imposition of a 25 per cent tariff on all goods coming from India starting August 1, plus an unspecified penalty for buying Russian crude oil and military equipment.
Source: economictimes.indiatimes.com
Centre responds to Donald Trump’s 25% tariff announcement: ‘Our national interest’.
The Centre on Wednesday said it has taken note of US President Donald Trump’s announcement that India would face a 25 per cent tariff on certain exports starting August 1, and is studying its 'implications'. 'India and the US have been engaged in negotiations on concluding a fair, balanced, and mutually beneficial bilateral trade agreement over the last few months. We remain committed to that objective,' the Ministry of Commerce and Industry said in a statement.
Source: hindustantimes.com
Rice exporters may have a windfall as Bangladesh floats tender.
Bangladesh’s decision to float a tender for import of about 0.9 million tonne (MT) of rice on August 7 has pushed up the prices of non-basmati rice varieties in India. India, with over 40% share in rice exports market, is expected to get a major share of rice export order because of its price competitiveness and freight advantage.
Source: financialexpress.com
Union agriculture minister Shri Shivraj Singh chairs a high-level meeting to review preparations.
The next installment of the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme will be released on August 2. A high-level meeting was held today under the chairmanship of Union Minister of Agriculture and Farmers’ Welfare and Rural Development, Shri Shivraj Singh Chouhan, to review the preparations for the event, which will be led by Prime Minister Shri Narendra Modi in Varanasi, and to ensure that the benefit reaches the maximum number of farmers. Directors, Vice Chancellors, and heads of 731 Krishi Vigyan Kendras (KVKs) across the country, the Indian Council of Agricultural Research (ICAR), and agricultural universities virtually attended today’s meeting.
Source: pib.gov.in
Arunachal emerges India’s Kiwi capital; CM announces new horticulture policy.
Arunachal Pradesh Chief Minister Pema Khandu, on Julyu 30, announced several major milestones that have placed the state among the top producers of kiwi, mandarin oranges, and large cardamom in the country. The chief minister also hailed the transformational growth of the state’s horticulture sector, and unveiled the state's long-term vision for agriculture through the Horticulture Policy 2025–35.
Source: indiatodayne.in
States advance PM Ekta Mall projects to promote ODOP & GI products; UP, MP, Assam, Tamil Nadu, Bihar among top funded.
As many as 27 states—all except West Bengal—have received central approval to set up PM Ekta Malls for showcasing and selling indigenous products under the 'One District, One Product' (ODOP) initiative. The Union government cleared projects worth nearly Rs.4,796 crore in fiscal year 2023-24 under the scheme, official data shows.
Source: livemint.com