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May 08, 2025 News Image India’s exports to US soar to record $11.2 bn in March, trade surplus widens sharply.
India’s exports to the United States reached a record high of $11.2 billion in March 2025, surpassing the $10 billion milestone for the first time and showing a nearly 50% increase over the 12-month average. This increase in exports led to a total bilateral goods trade of $15 billion for the month, as reported by the United States Census Bureau.
 Source:  businesstoday.in
May 08, 2025 News Image Global rice prices have hit a floor, but India's supply glut will smother any gains.
Global rice prices, which have tumbled to multi-year lows, are unlikely to fall further with top exporter India's currency firming, but bulging Indian stockpiles and a bumper Asian crop will cap any rebound this year, industry executives say. While lower rice prices will benefit price-sensitive consumers in Africa and other regions, they are likely to further squeeze the already meagre earnings of farmers across Asia, which produces nearly 90% of the world's rice.
 Source:  reuters.com
May 08, 2025 News Image India-Australia: Strengthening Supply Chains in a Disrupted World.
The resurgence of protectionist policies has redefined global trade landscapes. The tariff regimes introduced by the Trump administration—25 percent on Canadian and Mexican imports, 10 percent on Chinese goods, and restrictions on Canadian energy exports—have triggered retaliatory measures. China imposed counter-tariffs on the United States (US) agricultural and aviation exports, while Canada and Mexico responded with tariffs and non-tariff barriers. These trade wars have increased costs across industries—from perishables and metals to energy and intermediaries—adding inflationary pressures across economies. The result is a global reconfiguration of supply chains, compelling businesses to seek alternative trade routes and sourcing strategies.
 Source:  orfonline.org
May 08, 2025 News Image FSSAI empowers consumers to report misleading claims on food products.
The Food Safety and Standards Authority of India (FSSAI), has introduced a new digital utility that enables consumers to directly report misleading claims made on food product labels. Consumers can now lodge complaints regarding misleading or false claims displayed on packaged food items through the Food Safety Connect mobile application or via Food Safety Compliance System (FoSCoS – https://foscos.fssai.gov.in). This initiative is part of FSSAI’s ongoing efforts to promote transparency, protect consumer rights and strengthen food safety regulations in the country.
 Source:  fnbnews.com
May 08, 2025 News Image India opens govt procurement sector for UK firms under FTA.
After the UAE, India has opened its central government procurement for British companies under the free trade agreement (FTA) announced on Tuesday, an official said on Wednesday. The official said British firms would be allowed to participate in the procurement of goods and services of the non-sensitive central-level entities only.
 Source:  economictimes.indiatimes.com
May 08, 2025 News Image Piyush Goyal to meet exporters on May 8 on India-UK trade pact.
Commerce and Industry Minister Piyush Goyal will meet representatives of export promotion councils (EPCs) here on May 8 to discuss matters related to the free trade agreement with the UK, an industry official said on Wednesday. India and the UK clinched a 'landmark' trade deal that will remove taxes on the export of labour-intensive products such as leather, footwear and clothing, while making imports of whisky and cars from Britain cheaper, in a bid to double trade between the two economies to USD 120 billion by 2030.
 Source:  economictimes.indiatimes.com
May 07, 2025 News Image Pusa Rice DST 1: A Climate-Resilient, Salt-Tolerant, Water-Efficient Variety That Increases Yields by Up to 30.4%.
Every year, thousands of farmers in India face difficulty with hardship owing to unpredictable rainfall and inadequate water supply. In several areas, water for irrigation is becoming scarce, and soil salinity rises because groundwater is being used too extensively. These issues come directly at the expense of rice growers, particularly those in Uttar Pradesh, Gujarat, Haryana, and coastal areas of West Bengal and Andhra Pradesh. Many farmers have been forced to reduce cultivation or switch to less profitable crops. The stress of farming under such uncertain circumstances has turned agriculture into a hazardous profession. But the need of the hour was clear – a rice variety that would survive and even flourish with less water and poor soil quality. This is where Pusa Rice DST1 comes as a ray of hope.
 Source:  krishijagran.com
May 07, 2025 News Image Experts Study Balanagar Custard Apple for GI Tag.
A team of experts visited the unique geographical characteristics of the Balanagar custard apple in Mahbubnagar, for which a geographical indication (GI) registration has been sought. The experts studied custard apple trees, located on the bunds of fields in Pomal, Kollur, Kesharavalpalli, and Kothapalli of Nawabpet mandal in Mahabubnagar district. The team later studied the custard apple varieties growing naturally in the forest areas adjacent to Kothapalli and Kalman Kalva in Chaudapur mandal of Vikarabad district to understand their characteristics. The final leg of the visit involved a study of the custard apple processing plant being run by farmers in Pomal village.
 Source:  deccanchronicle.com
May 07, 2025 News Image Centre drawing up new plan to push exports of farm goods & processed foods.
The government is committed to reducing logistical barriers and enhancing market access for Indian agri and processed food products, Commerce Secretary Sunil Barthwal said at a high-level Chintan Shivir, organised by the Agricultural & Processed Food Products Authority (APEDA) here on Sunday. In his address, Barthwal pointed out that 'Academia and research institutions must be a part of multisectoral consultations so that research and development can be a major focus for innovation and sustainability in agri exports'.
 Source:  thestatesman.com
May 07, 2025 News Image Most comprehensive trade deal India has negotiated, to be the template for future engagements: Commerce Ministry.
The India-UK trade deal is significant in being the most comprehensive free trade deal that New Delhi has entered into so far and could serve as the template for future trade engagements, including the multiple bilateral deals currently under negotiation. These include the complex trade deal under discussion with the 27-nation European Union and the fast-tracked deal being negotiated with the US.
 Source:  indianexpress.com