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Oct 24, 2025 News Image UP to procure 6 Mt paddy worth ₹14,000 crore in 2025-26 Kharif season
For the current season, the minimum support price (MSP) for paddy has been hiked to ₹2,369 per quintal (100 kg) for the common variety and ₹2,389 per quintal for Grade A, compared to ₹2,300 per quintal and ₹2,320 per quintal respectively last year.While procurement of paddy began in the western UP districts on October 1, the process will commence on November 1 in the eastern UP region.
 Source:  https://www.business-standard.com/
Oct 23, 2025 News Image First-ever Brazilian Tahiti limes to arrive in India as bilateral citrus trade strengthens.
Brazilian Tahiti limes are set to make their debut in the Indian market this week, with the first trial shipment expected to arrive on 24th October, says Mahendra M. Shivaraju of Scion Agricos, the fresh produce importer-exporter handling the consignment. 'This initiative follows new bilateral trade agreements between India and Brazil aimed at expanding agricultural exchange under the BRICS framework.'
 Source:  freshplaza.com
Oct 23, 2025 News Image Global South must unite to combat rising global trade uncertainty: Piyush Goyal.
India’s commerce and industry minister Piyush Goyal has called on the Global South to speak with one voice to address rising uncertainty, inequality and distrust in the global trading system, warning that the rules-based order was under strain from unilateral measures and protectionist barriers. Speaking at the 16th Session of the United Nations Conference on Trade and Development (UNCTAD) in Geneva on Wednesday, Goyal said the world was experiencing 'an era of profound trust deficit' across multilateral institutions, international bodies, and even nations. Tariff and non-tariff barriers, non-market practices, and over-concentrated supply chains were eroding confidence in the global trading system, he added.
 Source:  livemint.com
Oct 23, 2025 News Image India’s processed potato exports are on an upswing.
India is rapidly emerging as a major player in the global market for processed potato products, with exports of frozen French fries, chips, nuggets, flakes, and other value-added items showing a sharp increase over the past few years. The surge is driven by increased cultivation of processing-grade potato varieties in states such as Gujarat and Uttar Pradesh, coupled with growing demand from West Asia and South-East Asia.
 Source:  livemint.com
Oct 23, 2025 News Image India-Germany ties: Piyush Goyal to visit Berlin on 25 years of Strategic Partnership; trade, investment on agenda.
Union Minister Piyush Goyal embarks on a visit to Berlin to strengthen India-Germany economic ties ahead of their 25th Strategic Partnership anniversary in 2025. He will engage with German ministers, industry leaders, and CEOs to explore trade, investment, and strategic partnerships, particularly in sustainability and innovation.
 Source:  timesofindia.indiatimes.com
Oct 23, 2025 News Image India, US near long-awaited trade deal linking tariff cuts to reduced Russian oil imports.
If the latest reports are to be believed, India and the US are close to finalising a long-pending trade deal that could significantly reshape their economic relationship and signal a deeper strategic alignment on global energy and geopolitical issues. Washington is reportedly prepared to slash tariffs on Indian exports from about 50 percent to 15–16 percent, in exchange for India’s commitment to gradually reduce its dependence on Russian crude oil.
 Source:  newindianexpress.com
Oct 23, 2025 News Image 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 23, 2025 News Image Centre asks edible oil units to register, file returns under VOPPA Order.
The Department of Food and Public Distribution plans to inspect edible oil units not complying with government’s Order and has appealed to the edible oil manufacturers, processors, blenders, re-packers, and other stakeholders involved in the entire supply chain to register and start filing monthly returns both of which have become mandatory after the amended Vegetable Oil Products, Production and Availability (Regulation) Order, 2011 (VOPPA Order) notified.
 Source:  thehindubusinessline.com
Oct 23, 2025 News Image Willing to pay extra to build resilience in our supply chains: Piyush Goyal.
Commerce and Industry Minister Piyush Goyal on Wednesday said the government is addressing supply chain issues across all sectors to build resilience, even if it involves spending 'extra buck'. Addressing UNCTAD's Ministerial Roundtable on 'Towards Resilient, Sustainable, and Inclusive Supply Chains and Trade Logistics' in Geneva, Goyal said India has launched the 'Atmanirbhar Bharat' initiative to make the country self-reliant.
 Source:  economictimes.indiatimes.com
Oct 23, 2025 News Image India, EU discuss positive resolution of outstanding issues of trade deal.
Commerce and Industry Minister Piyush Goyal on Wednesday said he held a meeting with EU Trade Commissioner Maros Sefcovic to discuss outstanding issues related to the proposed trade pact. The meeting was important as Goyal is scheduled to visit Brussels next week to give an impetus to the ongoing negotiations for the proposed trade agreement between India and the European Union.
 Source:  economictimes.indiatimes.com