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Jul 31, 2025 News Image 9 firms sign deals to import soyabean oil from China into India.
Nine Indian companies, including Patanjali Foods, Adani Wilmar and multinational companies such as Cargill, Bunge, ADM and Louis Dreyfuss, have signed deals with two Chinese exporters to import soyabean oil between September and December this year. While a record 1.5 lakh tonnes have been signed for imports, more shipments of the soft oil will likely take place if the offer prices continue to be competitive, trade sources said.
 Source:  thehindubusinessline.com
Jul 31, 2025 News Image India projected to grow 6.4% in 2025 & 2026, reform momentum driving stable growth: IMF.
India is projected to grow at 6.4 per cent in fiscal year 2025 and 2026, and the country's stable growth is driven by a reform momentum supporting robust consumption growth and a push for public investment, the International Monetary Fund has said. The IMF released its World Economic Outlook (WEO) Update on Tuesday.
 Source:  economictimes.indiatimes.com
Jul 31, 2025 News Image India willing to cut tariffs substantially, talks ongoing, will know by end of week: Trump.
US President Donald Trump Wednesday said that America is in talks with India for a trade deal and the latter is willing to cut tariffs 'very substantially'. His statement came hours after he announced 25% tariffs on India along with an unspecified additional penalty, to punish the New Delhi for making energy purchases from Russia.
 Source:  economictimes.indiatimes.com
Jul 30, 2025 News Image To ease agricultural exports in Bihar, APEDA centre will be opened in Patna.
Exports in Bihar’s agricultural products such as Makhana, shahi litchi, jardalu mango, katrani rice, are going to be easier. Foreign products from Bihar can now be exported directly. This will also increase the income of farmers of Bihar. The Modi government at the Centre has approved the opening of the Agricultural and Processed Food Export Development Authority (APEDA) in Patna. A place has been allotted in the Annexe Bhawan of Mithapur Krishi Bhawan complex. It will be inaugurated soon.
 Source:  thecsrjournal.in
Jul 30, 2025 News Image India in trade talks with EU, other countries, minister tells Lok Sabha.
India is actively pursuing trade negotiations with the European Union (EU), US, Australia, Sri Lanka, Peru, Chile and New Zealand, Minister of State for Agriculture and Farmers Welfare Ram Nath Thakur informed Lok Sabha on Tuesday. In a written reply to a question asked by CPI (M) member R Sachithanantham, Thakur said that with these trade discussions, India will focus to expand its global trade footprint and enhance competitiveness of Indian exports.
 Source:  indianexpress.com
Jul 30, 2025 News Image India's Agri Exports Hit USD 51.9 Billion.
The Centre is making efforts to increase exports of agriculture and allied commodities that stood at USD 51.9 billion last fiscal year. In a written reply to Lok Sabha, Minister of State for Agriculture Ram Nath Thakur mentioned that the APEDA under the Commerce Ministry is running various schemes to boost exports.
 Source:  money.rediff.com
Jul 30, 2025 News Image Milk Processing Centres in Bihar.
Department of Animal Husbandry & Dairying (DAHD), Government of India is implementing the National Programme for Dairy Development (NPDD) scheme across the country to complement and supplement the efforts for milk processing infrastructure made by the State Government.
 Source:  pib.gov.in
Jul 30, 2025 News Image Government Initiatives Enhance Transparency and Ease of Compliance in Export System.
The Government has undertaken several initiatives to promote transparency, foster ease of compliance in the export system and to facilitate exports, especially from MSMEs and small businesses with minimal capital. These include the following: Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce & Industry, has introduced multiple digital reforms to simplify and modernize foreign trade processes. The DGFT portal enables seamless online application and approval for various Foreign Trade Policy (FTP) benefits, including Advance Authorisation, Export Promotion Capital Goods (EPCG), and Status Holder certification. The portal is integrated with ICEGATE, GSTN, MCA, and PFMS for efficient data validation and processing.
 Source:  pib.gov.in
Jul 30, 2025 News Image Target for Export of Agricultural commodities.
The Government is working towards increasing the exports of agricultural and allied commodities and increasing its share in the global trade. The overall exports of these products in 2024-25 were US$ 51.9 Billion.
 Source:  pib.gov.in
Jul 30, 2025 News Image 'Crop production rose from 246.42 million tonnes to 353.96 million tonnes in last 10 years' – Shivraj Singh.
Union Minister for Agriculture, Farmers Welfare, and Rural Development, Shri Shivraj Singh Chouhan, on Tuesday, during the Question Hour in the Lok Sabha, provided a comprehensive update on the state of agriculture in the country. He shared facts and figures to highlight that the campaign to increase farmers’ income is progressing steadily under the leadership of Prime Minister Narendra Modi.
 Source:  pib.gov.in