1. Home
  2. Market Intelligence
  3. Market News
Archive
Jan 03, 2025 News Image India-EFTA trade pact likely to be implemented before end of 2025: Piyush Goyal.
The implementation process of free trade agreement (FTA) between India and the four-nation European bloc EFTA is progressing fast and is expected to come into force before the end of this year, Commerce and Industry Minister Piyush Goyal said. The two sides signed the Trade and Economic Partnership Agreement (TEPA) on March 10, 2024. Under the pact, India has received an investment commitment of USD 100 billion in 15 years from the grouping while allowing several products such as Swiss watches, chocolates and cut and polished diamonds at lower or zero duties.
 

 Source:  economictimes.indiatimes.com
Jan 03, 2025 News Image APEDA Releases New Standards For Organic Agri & Processed Food.
India's Agricultural and Processed Food Products Export Development Authority (APEDA) is set to release the eighth edition of the National Programme for Organic Production (NPOP) regulations on January 9, marking a significant update to the country's primary organic regulatory framework.
 

 Source:  knnindia.co.in
Jan 03, 2025 News Image No legal right to demand reasons for excluding feedback in FTP: DGFT.
The government on Thursday said no person has any legal right to seek reasons for their suggestions, views, or feedback not being included in the Foreign Trade Policy (FTP). The Directorate General of Foreign Trade (DGFT) in a notification also said that the government may seek views of the industry stakeholders for the FTP but it reserves the right to suo moto formulate, amend or incorporate any specific provisions in the policy, without seeking views, suggestions, comments, or feedback from stakeholders.
 

 Source:  economictimes.indiatimes.com
Jan 03, 2025 News Image India to export 1 million tonne of white rice to Indonesia.
India will export 1 million tonne of non-basmati white rice to Indonesia annually for four years, as inventories in the world’s biggest exporter of the grain surged following a series of earlier restrictions on overseas shipments and a robust harvest, an official said.
 

 Source:  hindustantimes.com
Jan 03, 2025 News Image India targets Russia for banana exports, aims for $1 billion milestone through sea routes.

India is focusing on enhancing its banana exports to Russia, following successful trial shipments to countries like the Netherlands via sea route, as stated by an official. The nation aims to achieve a $1 billion target in banana exports in the foreseeable future. Currently, the export of fruits including bananas predominantly occurs through air due to lower volumes and varied ripening periods. To boost volumes, India is formulating sea protocols for fresh produce such as bananas, mangoes, pomegranates, and jackfruit, aiming to facilitate their exportation through maritime channels.


 Source:  freshplaza.com
Jan 03, 2025 News Image Indian rice lowest offer in Bangladesh tender for 50,000 T.
The lowest price offered in the tender from Bangladesh's state grains buyer to buy 50,000 metric tons of rice that closed on Monday was assessed at $477.00 a tonne CIF liner out for rice sourced from India, an official in Bangladesh and European traders said.
 

 Source:  economictimes.indiatimes.com
Jan 03, 2025 News Image Nashik collector eyes faster grape imports for checks.
District collector of Nashik, Jalaj Sharma, has said that he would write to the Union agriculture ministry to hasten imports of international grape varieties to Nashik, a move that will help farmers in the region better assess their competition from around the world.
Sharma said a quicker import process will help local farmers bridge the gap, if any, between what they produce and what's being consumed internationally. He also said this would lead to better earnings among Nashik's grape growers.
 

 Source:  timesofindia.indiatimes.com
Jan 03, 2025 News Image India Needs New Institutions to Boost Agriculture.
The agricultural sector is a cornerstone of Indian economy, contributing approximately 18% to the Gross Domestic Product (GDP) and employing 45% of the national workforce. The country ranks 8th among the world’s top agricultural exporters with a 2.33% share in global agricultural exports. Despite this, India’s agri-tech market, valued at US$ 24 billion, remains largely untapped with only 1.5% penetration.
 

 Source:  eng.ruralvoice.in
Jan 03, 2025 News Image NDFC (I) launches walnut plantation initiative at Chakrata in Uttarakhand.
The Nuts and Dry Fruit Council of India (NDFC (I)) has launched a walnut plantation initiative at Chakrata in Uttarakhand aimed at introducing grafted walnut plants in India by planting 300 saplings.
 

 Source:  thehindubusinessline.com
Jan 02, 2025 News Image Agriculture sector to grow 3.5-4% in FY25: Minister Shivraj Singh Chouhan.

Union Agriculture Minister Shivraj Singh Chouhan on Wednesday said that the country's agriculture and allied sector is expected to grow at 3.5-4 per cent in 2024-25 marking a significant improvement from the 1.4 per cent rise recorded in FY24.


 Source:  deccanherald.com