India wheat, rice production to rise to record high, government says.
India is likely to produce a record 117.5 million metric tons of wheat in the year ending June 2025, the farm ministry said, above its March forecast of 115.4 million tons, as higher prices prompted farmers to expand the area planted with high-yielding seed varieties.
Source: reuters.com
Next round of India-US trade negotiations to take place on June 5-6 in New Delhi.
In a significant development, a US team will visit India on June 5-6 to discuss a Bilateral Trade Agreement (BTA) with India, said government sources. According to the sources, the bilateral trade talks between the two countries are progressing well.
Source: economictimes.indiatimes.com
Cabinet approves Minimum Support Prices (MSP) for Kharif Crops for Marketing Season 2025-26.
The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi has approved the increase in the Minimum Support Prices (MSP) for 14 Kharif Crops for Marketing Season 2025-26.
Source: pib.gov.in
Odisha exports 41.35 tonnes of fruits and vegetables in first two months of 2025-26.
Odisha exported a total of 41.35 tonnes of fruits and vegetables to key international markets such as Dubai, London, Birmingham, Rome, Venice, Dublin, France and Belgium during the first two months of 2025-26. Out of the total exports this fiscal, 30.53 tonnes comprises of mangoes — particularly premium varieties such as Amrapalli and Dussehri.
Source: thehindubusinessline.com
India’s Agricultural Exports Rise by 6.47%, Rice Exports Exceed Rs 1 Lakh Crore.
India’s agricultural and allied sector exports witnessed a significant increase of 6.47% in the fiscal year 2024-25, reaching $51.91 billion. This growth is particularly noteworthy given that the country’s total merchandise exports remained nearly at the previous year’s level of $437 billion, recording only a marginal increase of 0.1% during the same period. While agricultural exports have surged, they are still below the record high of $53.1 billion achieved in 2022-23. In 2023-24, agricultural exports stood at $48.8 billion.
Source: ukragroconsult.com
Organic farming suggested to produce high quality yield.
Expanding natural farming for more acres will help farmers produce high-quality, nutritious organic products, said B Ashok Kumar, Business Development Manager of the Agricultural and Processed Food Products Export Development Authority (APEDA).
Source: thehansindia.com
Cabinet extends interest subvention scheme for farmers.
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved continuation of the Modified Interest Subvention Scheme (MISS) for 2025-26. The government will allow 7.71 crore farmers to get short-term credit at subsidised rate of interest through Kisan Credit Card (KCC).
Source: thehindubusinessline.com
India to reinstate tax refund benefits for exporters from June to boost competitiveness.
India will restore benefits under a key scheme that reimburses exporters for embedded duties, taxes, and levies not covered by any other government refund programme in an effort to boost export competitiveness, the trade ministry said on Tuesday. The benefits under the Remission of Duties and Taxes on Exported Products were introduced on January 1, 2021, but ended on February 5 this year.
Source: .reuters.com
Indian export consignments gradually resuming through Red Sea route: Exporters.
Indian export consignments have gradually started moving through the Red Sea route again, exporters body FIEO said on Tuesday. The gradual movement signals a cautious recovery in shipments after months of disruptions on the route caused by regional tensions.
Source: economictimes.indiatimes.com
India to emerge as world’s biggest rice producer.
India’s foodgrain production rose by 6% to a record 353.2 million tonne (MT) in the 2024-25 crop year (July-June) compared to previous year because of a significant rise in rice, wheat, pulses and oilseed output, the agriculture ministry said on Wednesday. The country will also outplace China as the world’s biggest rice producer in the year.
Source: financialexpress.com