1. Home
  2. Market Intelligence
  3. Market News
Archive
May 09, 2025 News Image GI tag for Mahabubnagar’s Balanagar custard apple sought.
A process to seek Geographical Indication (GI) for the world-famous Balanagar custard apples variety in Mahabubnagar district is on. Towards this, a team of experts visited the fields in Pomal, Kollur, Kesharavalpalli Kothapalli villages of Nawabpeta mandal in Mahabubnagar district where they examined Balanagar custard apples. Later, they examined the Balanagar custard apple varieties growing naturally in the forest areas adjacent to Kothapalli and Kalman Kalva villages in Chaudapur mandal of Vikarabad district and learned about their characteristics. The team also studied the custard apple processing plant being run by the farmers producer company in Pomal village.
 Source:  telanganatoday.com
May 09, 2025 News Image Nuts and Dry Fruits Council begins importing high-yielding walnut, cashew seedlings to increase domestic output.
The Nuts and Dry Fruits Council of India (NDFC-I) has begun getting high-yield walnut and cashew seedlings from other nations to grow them in the country and become self-reliant in these products’ production, council president Gunjan Jain said. 'Last year, we started these small projects of getting the plantation done in India. We got the government to agree to let us import high-quality planting material with quarantine norms, because India doesn’t have high-quality planting material. So we’re looking at increasing walnut plantations in India (along with cashew),' he told businessline in an online interaction.
 Source:  thehindubusinessline.com
May 09, 2025 News Image Govt sets record 169 million tonnes foodgrain production target for kharif 2025.
The government has set foodgrain production target of 168.88 million tonnes (mt) for the kharif 2025 cropping season. This is up 1.5 per cent from the corresponding previous season’s output. Setting a higher production target, Agriculture Minister Shivraj Singh Chouhan on Thursday announced a fortnight long 'Vikshit Krishi Sankalp Abhiyan' (developed agriculture resolve campaign) to commence from May 29, which aims to cover about 2 crore farmers and help them improve their linkage with agriculture research.
 Source:  thehindubusinessline.com
May 09, 2025 News Image Cheaper chocolates, cosmetics, soft drinks from UK no threat to India’s local industry.
India’s free trade agreement (FTA) with the UK will allow imports of cosmetics, soft drinks and chocolates at concessional duties but officials ruled out any surge in their shipments that could impact domestic industry. However, Scotch whisky imports are expected to grow as India has halved the tariffs to 75% immediately and 40% after ten years of the agreement.
 Source:  economictimes.indiatimes.com
May 09, 2025 News Image No minimum import duty condition on British alcohol under India-UK FTA: Official.
India has not included the MIP (minimum import price) provision for British alcoholic beverages in the free trade agreement between the two countries as demanded by domestic liquor manufacturers, a government official said on Thursday. The domestic industry has consistently sought a level playing field through the inclusion of an MIP, arguing that it would help curb dumping and under-invoicing by foreign companies.
 Source:  economictimes.indiatimes.com
May 09, 2025 News Image Govt to launch pan-India farmers awareness campaign from May 29 to boost Kharif output.
With ensuing kharif sowing season, Union Agriculture Minister Shivraj Singh Chouhan on Thursday announced a pan-India 15-day campaign starting May 29 to educate and create awareness among 1-1.5 crore farmers about modern technology and new seed varieties. The minister also announced that the Centre will consider making amendments in Seeds Act, 1966 to curb sales of spurious seeds and protect farmers interest.
 Source:  economictimes.indiatimes.com
May 08, 2025 News Image Industry, farmers relieved as FTA excludes dairy items, rice.
The tariff concessions under the India-UK FTA for tea, spices, food items and marine products will help Indian exporters increase market access in the UK . The local industry and farmers are also relieved that several sensitive sectors such as dairy have been kept out of the purview of the deal. Traders anticipate a rise in imports of lamb, confectionery, and salmon into India, although the exact quantum of additional imports would vary depending on the level of competitiveness of the UK industry, and its pricing power.
 Source:  financialexpress.com
May 08, 2025 News Image Malaysia eyes alternative rice supply.
The government has not ruled out the possibility of increasing rice imports from several regional countries following the ongoing conflict involving India and Pakistan, says Datuk Seri Mohamad Sabu (pic). The Agriculture and Food Security Minister said the turmoil in both countries is expected to affect Malaysia’s rice import supply.
 Source:  asianews.network
May 08, 2025 News Image GI tag for Mahabubnagar’s Balanagar custard apple sought.
A process to seek Geographical Indication (GI) for the world-famous Balanagar custard apples variety in Mahabubnagar district is on. Towards this, a team of experts visited the fields in Pomal, Kollur, Kesharavalpalli Kothapalli villages of Nawabpeta mandal in Mahabubnagar district where they examined Balanagar custard apples. Later, they examined the Balanagar custard apple varieties growing naturally in the forest areas adjacent to Kothapalli and Kalman Kalva villages in Chaudapur mandal of Vikarabad district and learned about their characteristics. The team also studied the custard apple processing plant being run by the farmers producer company in Pomal village.
 Source:  telanganatoday.com
May 08, 2025 News Image India's meat, shrimp exporters hope for new markets with India-UK FTA.
India’s animal products and processed food exporters expect a surge in demand from the South-East Asian diaspora in the United Kingdom (UK) following the signing of free trade agreement (FTA). When it comes to agricultural imports, traders expect an uninterrupted flow of scotch, lamb, sweet products, and salmon into India.
 Source:  business-standard.com