Wheat procurement surpasses last year's level, reaches 28.66 million tonne.
The government's wheat procurement has surpassed last year's level and reached 28.66 million tonne so far in the current 2025-26 marketing year, according to official data. The procurement is the highest since the 2022-23 marketing year, driven by projections of a record wheat output of 115.3 million tonne this year.
Source: economictimes.indiatimes.com
Govt developing platform for online submission of documents in trade remedy probes.
The government is developing a digital platform to enable the electronic submission of documents in trade remedy investigations with a view to further promoting transparency, efficiency, and ease of access for all stakeholders, an official statement said on Saturday. These investigations are carried out by the commerce ministry's arm Directorate General of Trade Remedies (DGTR).
Source: economictimes.indiatimes.com
India, EU conclude 11th round of FTA talks, likely to agree on deal in two phases.
India and the European Union have concluded the 11th round of negotiations on their proposed Free Trade Agreement (FTA), reportedly agreeing to pursue a two-stage approach to finalise the deal, an official source, quoted by news agency PTI confirmed on Sunday.'The 11th round of talks concluded on May 16,' the official said, quoted by news agency PTI.
Source: timesofindia.indiatimes.com
Port restriction on import of certain goods from Bangladesh to India.
The Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, has issued a notification imposing port restrictions on the import of certain goods such as Readymade garments, processed food items etc., from Bangladesh to India. However, such said port restriction will not apply to Bangladesh goods transiting through India but destined for Nepal and Bhutan.
Source: pib.gov.in
TN minister TRB Rajaa meets Indian envoy in Vietnam to strengthen bilateral trade ties.
In a strategic move to enhance Tamil Nadu's global economic footprint, State Minister for Industries, Investment Promotions and Commerce, TRB Rajaa, met with the Indian Ambassador to Vietnam, Sandeep Arya, in Hanoi on Saturday. The meeting focused on deepening trade relations and industrial cooperation between Tamil Nadu and Vietnam.
Source: dtnext.in
Andhra Pradesh aims to produce two lakh tonnes of export quality mangoes in two years.
The horticulture department in Andhra Pradesh is working to increase the volume of mango exports to various countries, including the UK, Australia, the Middle East, and the USA. To achieve this goal, the department plans to train farmers in three regions of the state to produce at least two lakh tonnes ofexport quality mangoes in the next two years.
Source: timesofindia.indiatimes.com
USA:Corn Growers Focused on Potential Export Opportunities in India.
The recent trade agreement between the United States and the United Kingdom was good news for U.S. agriculture. However, that doesn’t mean the search for new markets is over. Krista Swanson, chief economist for the National Corn Growers Association, says India presents a remarkable export opportunity for U.S. corn growers.
Source: kmaland.com
Indian wheat procurement up 14%, near 30 million tonnes.
Wheat procurement in Punjab and Haryana concluded with lower volumes compared to last year. This decline is attributed to increased buying by private traders and processors, as well as farmers holding onto more grain. Farmers anticipate higher prices in the coming days and are also factoring in uncertainty related to the India-Pakistan conflict. Procurement will continue in other States.
Source: thehindubusinessline.com
Nepal: Exports to India from Belahiya rise.
The country's export trade has seen significant improvement in the past three years through the Belahiya border crossing in Rupandehi. Although the Bhairahawa Customs Office has not been able to collect the revenue as per the target, there has been an improvement in exports.
Source: risingnepaldaily.com
Value-added products drive Heritage Foods profits in 2024-25.
Heritage Foods has registered its highest-ever quarterly revenues in the fourth quarter of 2024-25. It achieved Rs.1,000 crore revenue in the March quarter. Its annual revenues was also a record high. Brahmani Nara, Executive Director of Heritage Foods, said that the company registered a revenue of Rs.4,134.6 crore in the financial year 2024-25.
Source: thehindubusinessline.com