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Jan 20, 2025 News Image India not seeking duty concessions on liquor, cigarette in FTA with Oman: Sources.
India is not seeking customs duty concessions on over 100 product categories such as liquor, and cigarette in the proposed free trade agreement (FTA), which is under negotiations between the two countries, sources said. They also said that though the FTA negotiations were concluded, Oman has sought revision of its market access offers on some products.
 Source:  economictimes.indiatimes.com
Jan 17, 2025 News Image Bangladesh: Import of 1 lakh tonnes of rice from India, Pakistan approved.
The cabinet committee on government purchase at a meeting on Thursday approved two separate food ministry proposals to import total one lakh tonnes of rice from India and Pakistan. Presided over by finance adviser Salehuddin Ahmed at the secretariat in the capital Dhaka, the meeting approved a proposal from the food ministry to procure 50,000 tonnes of atap rice from Pakistan under a government-to-government deal with per tonne costing $499.
 Source:  newagebd.net
Jan 17, 2025 News Image India’s rice exports up by 64% in December.
India’s agri-food export sector recorded robust growth in December 2024, with rice exports witnessing an impressive rise of 64.03 per cent, climbing from $0.87 billion in December 2023 to $1.43 billion in the same month this year. This remarkable performance solidifies India’s position as a key player in the global agricultural market.
 Source:  nuffoodsspectrum.in
Jan 17, 2025 News Image Agri & processed food exports grow over 11% to $17.77 billion in April-December.
India’s exports of agricultural and processed food products rose by more than 11% year-on-year to $17.77 billion during April-December of the current financial year, after the government removed most of the restrictions on rice shipments. According to data compiled by the Directorate General of Commercial Intelligence and Statistics (DGCIS), rice exports in the first nine months of FY25 saw a sharp increase of over 19% to $8.72 billion compared to $6.44 billion in the same period last fiscal.
 Source:  financialexpress.com
Jan 17, 2025 News Image Bagalkot exports over 34k MT of horticulture produce, reaching global markets.
Bagalkot district, renowned for its horticulture products, has achieved remarkable success in exports. Grapes, red chillies, turmeric, onions, bananas, and other produce are now drawing the attention of both domestic and international buyers. Ravindra Hakati, deputy director of horticulture, Bagalkot, told TOI that the district exported horticulture produce of 34,100 metric tonnes and generated a revenue of Rs 366 crore for farmers.
 Source:  timesofindia.indiatimes.com
Jan 17, 2025 News Image India-Germany Strengthen Agricultural Partnership: Focus on Sustainable Farming and Technological Innovation.
Dr. Philipp Ackermann, Ambassador of the Federal Republic of Germany, met with Dr. Devesh Chaturvedi, Secretary of the Ministry of Agriculture and Farmers Welfare (MoA&FW), at Krishi Bhawan to discuss deepening Indo-German collaboration in agriculture and allied sectors. During the meeting, Dr. Chaturvedi emphasized the robust partnership between India and Germany, which has been bolstered by Intergovernmental Consultations (IGC), Memorandums of Understanding (MoUs), and Joint Declarations of Intent (JDIs).
 Source:  devdiscourse.com
Jan 17, 2025 News Image India central bank liberalises FX rules to promote cross-border trade.
To encourage the use of the rupee and other currencies to settle cross-border transactions, India's central bank took steps to further liberalise regulations under the foreign exchange management act, it said in a release on Thursday. Indian exporters will now be able to open accounts in any foreign currency overseas to settle trade transactions, including receiving export proceeds, and use these proceeds to pay for imports, the Reserve Bank of India said.
 Source:  reuters.com
Jan 17, 2025 News Image India seeks improved Nigeria trade relations.
The Consul General of India in Lagos, Shri Chandramouli Kumar Kern, announced that efforts will be heightened to enhance the trade relations between India and Nigeria, which are currently valued at $7.89 billion. During an interview with journalists at a free health camp organised by the Indian Pharmaceutical Manufacturers and Importers of Nigeria (IPMIN) in collaboration with the Ilupeju Estate Owners and Residents Association, in Lagos,he emphasised that the conducive business environment created by the Federal Government has facilitated the expansion of Indian companies’ investments in diverse sectors such as pharmaceuticals, power, and construction.
 Source:  thenationonlineng.net
Jan 17, 2025 News Image India-UAE: A Strategic Partnership to Boost Food Trade and Investment.
India’s food sector has experienced exponential growth in recent years, solidifying its position as a crucial driver of the nation’s economic resilience. Indian agricultural and food exports have significantly contributed to this growth, fostering strategic collaborations with various countries and stimulating investment. India’s longstanding bilateral trade relations with the United Arab Emirates (UAE), which intensified following the UAE’s unification in 1971, have led to increased Indian exports and the establishment of diplomatic ties between the two nations.
 Source:  news18.com
Jan 17, 2025 News Image Indian flour mills buy 1.41 lakh tonnes of wheat in FCI’s open market sale this week.
The offtake of wheat in the Government’s open market auction through the Food Corporation of India was 94 per cent this week after the weekly offer was raised by 50 per cent to 1.5 lakh tonnes (lt). However, the top bid prices in 13 States were above Rs.3,000/quintal, an indication that more supplies may be needed to help cool prices before procurement starts from April at minimum support price (MSP) of Rs.2,425/quintal.
 Source:  thehindubusinessline.com