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Jul 02, 2025 News Image India's rice procurement exceeds 53 million tonnes, up by 1% year-on-year.
India's rice procurement for buffer stocks in the nine months until June 2025 was 531.13 lakh tonnes (lt), including over 68 lt of rice from the rabi crop. The current procurement is marginally higher than the 525.48 lt procured a year ago.
 Source:  thehindubusinessline.com
Jul 02, 2025 News Image India-Canada trade deal gets a second wind as diplomatic ties improve.
After an acrimonious fallout late last year, India and Canada are tentatively trying to reset diplomatic relations, following the establishment of a new government in the north American nation, with the resumption of talks for an interim trade agreement. The new push comes after Indian Prime Minister Narendra Modi and his Canadian counterpart Mike Carney met on the sidelines of the G7 Summit in Alberta, where they also agreed to restart senior ministerial as well as working-level engagements across various domains to rebuild trust and bring momentum to the relationship. Both leaders have also decided to designate new high commissioners
 Source:  business-standard.com
Jul 02, 2025 News Image India-US trade talks will have successful conclusion: Jaishankar.
External affairs minister S Jaishankar is hopeful that ongoing trade negotiations between India and the US would reach a 'successful conclusion', asserting the need for the two countries to find a 'meeting ground' despite arguments and differences. 'I believe it's possible, and I think we'll have to watch this space for the next few days,' he said.
 Source:  economictimes.indiatimes.com
Jul 02, 2025 News Image Rail and road projects evaluated in the 96th Meeting of Network Planning Group.
The 96th meeting of the Network Planning Group (NPG) was convened today to evaluate key infrastructure proposals in the railway and road transport sectors. The meeting focused on enhancing multimodal connectivity and improving logistics efficiency in alignment with the principles of the PM GatiShakti National Master Plan (PMGS NMP).
 Source:  pib.gov.in
Jul 02, 2025 News Image India Exports First Consignment Of Rose-Scented Litchi From Pathankot To Qatar.
In a boost to India's horticultural exports, the first consignment of rose-scented litchi from Pathankot, Punjab, was flagged off to Doha, Qatar, on Friday. The one-metric-tonne consignment marks a major milestone for India's agri-export sector and was facilitated by the Agricultural and Processed Food Products Export Development Authority (APEDA) under the Ministry of Commerce & Industry, in collaboration with the Punjab Horticulture Department.
 Source:  ddnews.gov.in
Jul 02, 2025 News Image Urged Centre to set up APEDA office in Goa for agri export push: CM.
A meeting to discuss strengthening Goa s export sector, particularly agricultural exports, was held in New Delhi with Union Minister for Commerce and Industry Piyush Goyal, informed CM Pramod Sawant. CM said that during the meeting, he requested the establishment and operationalisation of an APEDA (Agricultural and Processed Food Products Export Development Authority) office in Goa. He asserted that this would provide crucial support to local farmers and agri-entrepreneurs and give a fillip to the state s agricultural exports.
 Source:  digitalgoa.com
Jul 02, 2025 News Image Maximising agri-export potential by leveraging trade deals and market diversification.
The tariff imposed by the Trump administration could impact key export items such as seafood (shrimp and prawns), rice, spices, and processed foods. Despite these challenges, India retains a relative competitive advantage over regional competitors such as China, Vietnam, Bangladesh, and Thailand, who face even higher US tariffs (ranging from 32 per cent to 46 per cent). This tariff differential helps India maintain some presence in the US market despite the increased duties.
 Source:  agrospectrumindia.com
Jul 02, 2025 News Image Tech boosts litchi shelf life, Bihar export potential.
Bihar's litchi growers might access broader markets due to advances in packaging technology that extend the fruit's shelf life. Litchis, generally having a perishable nature with a five-day shelf life, face distribution hurdles, especially from Bihar, India's largest litchi-producing state, to southern regions. However, Modified Atmospheric Packaging (MAP) extends the lifespan by at least 15 days, potentially up to 30 days.
 Source:  freshplaza.com
Jul 02, 2025 News Image Record paddy procurement and global red rice export signal Assam’s agricultural leap: CM.
Chief Minister Himanta Biswa Sarma on Tuesday announced that the state has achieved its highest-ever paddy procurement, clocking an impressive 6.97 lakh metric tonnes (MT) during the Kharif Marketing Season (KMS) 2024–25, significantly surpassing both the government’s target and previous records. Taking to microblogging platform X, CM Sarma stated, 'We are proud to announce the successful conclusion of KMS 2024–25 with a record paddy procurement of 6.97 lakh MT — the highest ever!'
 Source:  thestatesman.com
Jul 02, 2025 News Image Govt plans SEZ law revamp to boost exports, ease domestic tariff area sales.
The commerce department is seeking to amend the law governing special economic zones (SEZs), offering several concessions as it seeks to revive the enclaves to boost exports and activity within the economy, according to a TOI report. At a meeting convened by commerce and industry minister Piyush Goyal on Monday, the plan discussed with exporters included allowing sales in the domestic tariff area (DTA) - which is the area outside the SEZ - on a duty forgone basis.
 Source:  economictimes.indiatimes.com