16 Apr, 2024 India approves export of 10,000 tonnes of onion to Sri Lanka. India has allowed export of 10,000 tonnes of onion to Sri Lanka through the National Cooperatives Exports Cooperative, the Directorate General of Foreign Trade (DGFT) said in a notification late on Monday. Source: livemint.com
16 Apr, 2024 Exports of Agricultural commodities namely Tobacco (19.46%), Fruits and Vegetables (13.86%), Meat, dairy & poultry products (12.34%), Spices (12.30%), Cereal preparations & miscellaneous processed items (8.96%), Oil seeds (7.43%) and Oil Meals (7.01%) exhibit positive growth in FY 2023-24. India’s overall exports (Merchandise and Services combined) in March 2024* is estimated to be USD 70.21 Billion, exhibiting a negative growth of (-) 3.01 per cent over March 2023. Overall imports in March 2024* is estimated to be USD 73.12 Billion, exhibiting a negative growth of (-) 6.11 per cent over March 2023. Source: pib.gov.in
16 Apr, 2024 Government imposes port restrictions for exporting essential commodities to Maldives. Amid tensions between Maldives and India, the Directorate General of Foreign Trade on Monday issued a notification imposing port restrictions for export of essential commodities to the island nation during the fiscal year 2024-25. Source: economictimes.indiatimes.com
16 Apr, 2024 India will decide policy step once impact of Iran-Israel conflict understood. The Indian government will take a policy decision to mitigate any effect on its trade from the conflict between Iran and Israel after it has fully understood the impact, the country's trade secretary said on Monday. Source: economictimes.indiatimes.com
16 Apr, 2024 Rupee-rouble settlement volume up seven times from 2022: Sberbank. Almost two years after the Reserve Bank of India announced new steps for rupee-settled global trades, Russian banking major Sberbank said it has seen an uptick in volumes for rupee-rouble payments for Moscow’s imports, with the lender focusing on drawing more foreign clients to the domestic market. Source: economictimes.indiatimes.com
16 Apr, 2024 India won't be feeding sugar to the world this season. The government on Monday ruled out possibility of allowing sugar exports in the current 2023-24 season ending October, the industry's persistent demand notwithstanding. Currently, there are curbs on export of sugar for an indefinite period. Source: economictimes.indiatimes.com
16 Apr, 2024 FSSAI Issues Crucial Advisory on Nutritional Information Disclosure. In response to concerns over misinterpretation, the Food Safety and Standards Authority of India (FSSAI) has directed food service establishments to meticulously adhere to regulations regarding the disclosure of crucial information about the food they serve. Source: krishijagran.com
16 Apr, 2024 India inks deals with Brazil, Argentina for pulses import. India is diversifying its import of pulses to keep domestic prices stable by entering into long-term deals with Brazil and Argentina after several rounds of negotiations, two officials aware of the matter said. The world’s largest consumer and producer is expected to import over 20,000 tonne of black gram (urad) from Brazil for the first time and unspecified amounts of pigeon pea (tur) from Argentina to meet its domestic requirements. Source: hindustantimes.com
16 Apr, 2024 World Gears Up for Inaugural International Day of the Potato. As the world gears up to commemorate the inaugural International Day of the Potato next month, the Food and Agriculture Organization of the United Nations (FAO) is emphasizing the profound significance of this humble crop that sustains billions of people worldwide and highlighting its untapped potential. Source: krishijagran.com
15 Apr, 2024 Majority of principal commodities exported to China record positive growth in 2023: Comm Min data. As many as 90 principal commodities like iron ore, telecom instruments and electronic components exported to China have recorded a positive growth in 2023 out of the total 161 such goods shipped to the neighbouring country, according to commerce ministry data. Source: economictimes.indiatimes.com