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Oct 27, 2025 Storage in India’s key reservoirs continues to be above 90% of capacity. The storage in India’s 161 major reservoirs continued to be over 90 per cent of the capacity this week, with one in every three dams brimming, data from the Central Water Commission (CWC) showed. CWC’s weekly bulletin on the storage position in the major reservoirs showed that two in three major reservoirs were filled over 90 per cent of the capacity, though the level in 13 was below 40 per cent this week. Source: thehindubusinessline.com
Oct 27, 2025 Indonesia’s suspension of Indian groundnut imports may end soon. An Indonesian team is scheduled to visit India this month-end to end the impasse over the suspension of Indian groundnut imports by Jakarta. Indonesia suspended the import of groundnuts from India from September 3, following a notification issued on August 27. The suspension followed reports of the presence of aflatoxins, seen as molds in grains and oilseeds, in Indian groundnuts. Source: thehindubusinessline.com
Oct 27, 2025 Russia extends sunflower export duties till 2028 to boost local output. Russia, one of the world’s major exporters of sunflower oil, said on Friday it has extended export duties on sunflower seeds, sunflower oil, and meal for another two seasons to encourage domestic processing. 'The decision is aimed at stimulating the processing of oilseeds within the country, maintaining stable pricing on the domestic food market, and ensuring the availability of sunflower oil for the population and sunflower meal for the livestock industry,' a government statement said. Source: thehindubusinessline.com
Oct 27, 2025 Indian agriculture becoming powerful instrument of foreign policy. Once primarily focused on domestic food self-sufficiency, Indian agriculture is undergoing a fundamental strategic shift. Spurred by geopolitical conflicts, climate change, and supply chain vulnerabilities, the sector is increasingly becoming a powerful instrument of foreign policy. India is now leveraging its agrarian strength to forge new alliances, secure trade benefits, and project its influence on the global stage. India’s agriculture policy is integrating the diplomacy, investment, and technology. Source: thehindubusinessline.com
Oct 27, 2025 Russia’s idea of BRICS grain exchange to counter CME gains momentum. India is set to benefit from a proposed grain exchange among BRICS, which is seen as an alternative to CME, the US based futures trading platform. Simultaneously Brazil has been pushing its proposal for creation of a multilateral stockpile of grains within BRICS to reduce external market reliance. The US decision to hike import tariff to use it as a weapon so that other countries accept its terms for any bilateral trade agreement, has revived activities within BRICS to meet the deadline of the roll out of the Russian and Brazillian proposals, at least on pilot basis, sources said. Source: thehindubusinessline.com
Oct 27, 2025 British Overseas Territory Gibraltar pitches for closer business ties with India. Gibraltar, a British Overseas Territory, on Thursday made a strong pitch for closer business ties with India, following the conclusion of its treaty with the European Union (EU) earlier this year. At a special Gibraltar Day event at the High Commission of India in London, key ministers from the region declared that the certainty and stability injected by the treaty means that Gibraltar is open for business like never before. Source: economictimes.indiatimes.com
Oct 27, 2025 India, Germany discuss ways to increase cooperation in trade, investment. India and Germany on Thursday discussed ways to enhance cooperation in areas including trade, investment, technology, green energy, and skilling. These issues were discussed during a meeting between Commerce and Industry Minister Piyush Goyal and German Federal Minister of Economy and Energy Katherina Reich in Berlin. Source: economictimes.indiatimes.com
Oct 27, 2025 India, US ‘very close’ to sealing trade pact: Both sides converge on core issues, legal language being finalised amid tariff uncertainties. India and the US are 'very near' to concluding their proposed bilateral trade agreement (BTA), as both sides are converging on most issues and working on the legal language of the pact, an official said Friday. The two sides are finding common ground on pending matters, the official added, ruling out the emergence of any new issues for now. Source: economictimes.indiatimes.com
Oct 27, 2025 India, EU set to address non-tariff and market access hurdles during Goyal’s visit this week. India and the EU will discuss key areas of the proposed free trade agreement (FTA) including market access, non-tariff measures and regulatory cooperation, during commerce and industry minister Piyush Goyal’s visit to Brussels on October 27–28. Goyal will hold high-level discussions with Maroš Šefčovič, Executive Vice-President and European Commissioner for Trade of the EU. Source: economictimes.indiatimes.com
Oct 27, 2025 India expands oil palm cultivation to 52,113 hectares this fiscal, led by Telangana and Andhra Pradesh. India has brought 52,113 hectares under oil palm cultivation so far this financial year, with most expansion in Telangana and Andhra Pradesh, a senior government official said on Friday. The addition brings the total oil palm area under the National Mission on Edible Oils - Oil Palm (NMEO-OP) scheme to 2,41,000 hectares since its launch in August 2021, with nationwide coverage now at 6,00,000 hectares. Source: economictimes.indiatimes.com
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