1. Home
  2. Market Intelligence
  3. Market News
Archive
May 14, 2025 News Image India-US trade relations under focus as Piyush Goyal heads for talks in Washington.
Commerce and Industry Minister Piyush Goyal will lead a team of senior Indian officials to Washington from May 17-20 for discussions on the proposed Bilateral Trade Agreement (BTA) with the US Trade Representative (USTR) Jamieson Greer and US Commerce Secretary Howard Lutnick. The negotiations aim to secure early mutual wins through an interim trade arrangement, with the first phase of the agreement expected by fall 2025. Chief negotiators will meet separately from May 19-22.
 Source:  cnbctv18.com
May 14, 2025 News Image India’s Major Ports Achieve Historic Milestones in FY 2024-25, Driving Growth and Global Competitiveness.
India’s Major Ports have consistently demonstrated remarkable progress over the past decade, with FY 2024-25 emerging as a milestone year in terms of cargo handling, operational efficiency, and infrastructure modernisation. In FY 2024-25, Major Ports registered an impressive annual growth rate of 4.3% in cargo handling, increasing from 819 million tonnes in FY 2023-24 to ~855 million tonnes in FY 2024-25. This growth highlights the resilience and capacity of Major Ports in accommodating rising trade volumes. The increase in traffic was driven by higher container throughput (10%), fertilizer cargo handling (13%), POL cargo handling (3%), and handling of miscellaneous commodities (31%) compared to the previous fiscal year.
 Source:  pib.gov.in
May 14, 2025 News Image Chhattisgarh's agriculture and rural development gets a boost with joint efforts of Center and State: Union Minister Shri Shivraj Singh Chouhan and Chief Minister Shri Vishnu deo Sai hold high-level review.
Union Minister of Agriculture & Farmer Welfare and Rural Development, Shri Shivraj Singh Chouhan, and Chief Minister, Shri Vishnu deo Sai, conducted a comprehensive review of the Panchayat & Rural Development and Agriculture departments' work at the Secretariat (Mahanadi Bhawan), Raipur, Chhattisgarh today. The meeting reviewed the effective implementation of state and central government schemes and discussed future development strategies.
 Source:  pib.gov.in
May 14, 2025 News Image India must increase cashew output to overcome African nations’ export curbs: NDFC-I chief.
India should look at increasing its cashew production to overcome the curbs on exports imposed by key African producers, Nuts and Dry Fruits Council of India (NDFC-I) president Gunjan Jain has said. 'We are no longer the number one exporter. We are still the number one processor and consumer of cashew nuts. We are trying to increase production.
 Source:  thehindubusinessline.com
May 14, 2025 News Image Higher output in Assam Valley lifts India’s tea production up by 2% at 65.14 m kg in March.
India’s tea production was up 2 per cent during the month of March 2025 mainly on the increase in output in Assam, the largest producing State. As per the Tea Board’s latest statistics, the all India production during March increased to 65.14 million kgs, up from 63.78 m kgs in the same period last year.
 Source:  thehindubusinessline.com
May 14, 2025 News Image Commerce minister Piyush Goyal to visit US later this week, WTO retaliation, BTA talks on agenda.
Commerce and industry minister Piyush Goyal will visit the US later this week to take forward discussions on the proposed bilateral trade agreement (BTA), an official said Tuesday. Goyal is expected to hold meetings with US Trade Representative Jamieson Greer and US Commerce Secretary Howard Lutnick during his visit from May 17-20.
 Source:  economictimes.indiatimes.com
May 14, 2025 News Image Trump’s remarks aside, India and US move forward on easing shrimp, apple and alcohol trade rules.
Amid Donald Trump's latest comments linking the fate of Indo-US trade with the recent India-Pakistan border standoff, considerable progress is quietly being made between the two governments to ease up on procedural barriers weighing down bilateral trade involving several items. Case in point: Considerable progress has been made over the last fortnight to ease the import of US apples and other food items as well as lessen the pain points for export of the Indian shrimp to the US, ET has learnt.
 Source:  economictimes.indiatimes.com
May 14, 2025 News Image Efforts on to push bilateral trade with Russia: FIEO.
The Federation of Indian Export Organisations (FIEO) Tuesday said efforts are on to increase bilateral trade with Russia and balancing it by facilitating more exports. Bilateral trade is pegged at $11 billion. FIEO president SC Ralhan said a an agreement inked with Russia last year enables Customs to recognise secure and compliant businesses and offer them trade facilitation benefits.
 Source:  economictimes.indiatimes.com
May 13, 2025 News Image India exports 4.24 lakh tonnes sugar till April of this year: AISTA.
India exported 4.24 lakh tonnes of sugar till April of the ongoing 2024-25 marketing year with maximum shipments of 92,758 tonnes to Somalia, trade body AISTA said on Monday. The sugar marketing year runs from October to September. Sugar exports for the 2024-25 marketing year in India were allowed on January 20, 2025. The total quantity permitted for export is 10 lakh tonnes.
 Source:  economictimes.indiatimes.com
May 13, 2025 News Image UP govt targets 12 pc increase in Kharif production to 293 LT.
To boost farmers' income, Uttar Pradesh has launched a new Kharif strategy targeting a 12 per cent increase in foodgrain and oilseed production -- from 260 lakh tonnes to 293 lakh tonnes, an official statement said on Monday. Officials have been directed to support this through improved crop planning, promotion of maize and paddy in terms of production and area, respectively, and the construction of 8,500 farm ponds for water conservation, it said.
 Source:  economictimes.indiatimes.com