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Jul 21, 2025 News Image Q1 spices exports rise 6% to $1.156 billion on higher demand.
India’s exports of spices were up 6.2 per cent during the April-June quarter of this fiscal at over $1,156 million on higher shipments of products such as oleoresins and seed spices. Spices exports during the same period last year stood at $1,088 million, as per the Commerce Ministry data. While exports registered a growth during April and May, there was a slowdown in shipments during June. Spices exports during June were down 2.26 per cent at $312.85 million over $320.07 million a year ago. In April-May, spices shipments grew by 9.7 per cent to $843.6 million over st year’s $768.82 million a year ago.
 Source:  thehindubusinessline.com
Jul 21, 2025 News Image White rice export from Kakinada, Vizag ports hit.
Andhra Pradesh’s bid to check smuggling of non-basmati rice meant for distribution through ration shops has resulted in export of the cereal from the Kakinada port coming to a halt and being diverted to other ports, exporters and traders said. The State government has begun a similar exercise near the Visakhapatnam port too, leading to exporters raising concerns over the curbs. Such restrictions are causing quite a few problems that shippers are diverting their consignments to other ports such as Kandla or Chennai, pushing up transportation costs.
 Source:  thehindubusinessline.com
Jul 21, 2025 News Image Berries, flowers, banana peels: Herbal rush among Manipur startups to go beyond caffeinated drinks.
Aiming to present tea lovers an alternative to caffeine-based beverages, a number of young Manipur entrepreneurs are experimenting with indigenously grown plants to produce flavoured herbal drinks. Sumac berries, gooseberries and banana peels are among the ingredients that go into the making of these unconventional beverages.
 Source:  thehindubusinessline.com
Jul 21, 2025 News Image India will sign trade deals only if they serve national interest, Piyush Goyal reiterates govt's stand.
Union Minister of Commerce and Industry, Piyush Goyal, again reiterated the government's stand on trade deals, stating that India will enter into international trade agreements only if they serve the country's interests. Union Minister of Commerce and Industry, while addressing the session 'Creating Global Impact Towards Viksit Bharat', organised by ASSOCHAM, said, 'If India gets a good trade deal, we will go ahead with it. If not, we won't, the Minister stated firmly.
 Source:  economictimes.indiatimes.com
Jul 21, 2025 News Image With deposits outpacing appetite, exports & tariffs hold key to credit revival.
India’s banking system loan growth stood at 9.4% as of June 27, its lowest level since March 2022, after having peaked at 2.74% in the current cycle in December 2023. That said, deposits growth now stands at 10%, exceeding loan demand. Deposit growth had peaked at 14.04% mid-December 2023. For a greater part of FY25, banks were chasing deposits with special schemes, as deposit accretion failed to match credit demand. Now, despite a reduction in the policy rate of 100 basis points to 5.50%, along with a cut in the cash reserve ratio (CRR) in phases, demand for credit has slowed while deposit growth has gathered pace.
 Source:  economictimes.indiatimes.com
Jul 21, 2025 News Image India-US trade deal: Fifth round over, India is not budging.
India has once again signaled its steadfast approach to international trade negotiations, as the fifth round of talks for the proposed India-US Bilateral Trade Agreement (BTA) concluded in Washington this week. Led by Rajesh Agrawal, India's chief negotiator and Special Secretary in the Department of Commerce, the Indian delegation engaged in four days of deliberations with their American counterparts from July 14 to 17. The return of the negotiating team marks a critical juncture in the ongoing dialogue, which seems to remain mired in unresolved issues.
 Source:  economictimes.indiatimes.com
Jul 21, 2025 News Image Rs.5,000 per box and counting: Himachal’s apple season begins with a bang as quality fruit reigns.
Apple growers in Himachal Pradesh are upbeat as early varieties of the fruit are commanding impressive prices in wholesale markets. With the apple season kicking off early this year, traders at the Dhalli vegetable market in Shimla say farmers are earning between Rs 2,000 to Rs 5,000 per 20-kg box, depending on quality and ripeness.
 Source:  economictimes.indiatimes.com
Jul 21, 2025 News Image Indian millers, exporters optimistic as Bangladesh plans to import 9 lakh tonne rice: Stakeholders.
Indian rice millers and exporters are upbeat about Bangladesh's 'plan to import 9 lakh tonnes of rice', anticipating a boost in demand and better prices for the cereal, stakeholders said on Sunday. With India accounting for 46 per cent of global rice exports, the country is expected to 'emerge as the primary beneficiary of the move for its proximity, availability, and competitive pricing', they said.
 Source:  economictimes.indiatimes.com
Jul 18, 2025 News Image Union Minister of Commerce and Industry Shri Piyush Goyal interacts with Heads of Commercial Wings in Indian Missions Abroad.
Union Minister of Commerce and Industry, Shri Piyush Goyal interacted with Heads of the Commercial Wings posted in 74 Indian Missions abroad across 61 countries on 16th July 2025 through video conference to review and strengthen India’s global trade and commercial engagement strategy. During the meeting, key Indian Missions made detailed presentations on trade promotion activities, challenges in market access, and sectoral insights. The Minister acknowledged the Missions as the first point of contact for India’s commercial and economic diplomacy, underscoring their responsibility in promoting Indian exports and facilitating stronger engagement with host countries.
 Source:  pib.gov.in
Jul 18, 2025 News Image India, Saudi Arabia discuss stronger trade ties in key sectors.
The two leaders discussed ways to strengthen bilateral ties, focusing on enhancing trade and investment partnerships and exploring collaboration in key sectors such as pharmaceuticals, petroleum, and ceramics. The minister also invited his Saudi counterpart to visit India at the earliest. India and Saudi Arabia enjoy strong trade relations. Saudi Arabia is a major supplier of crude oil to India and remains one of the country’s key energy partners. In the financial year 2023–24, the bilateral trade between the two nations reached USD 42.98 billion. India’s exports to Saudi Arabia stood at USD 11.56 billion, while imports were valued at USD 31.42 billion.
 Source:  connectedtoindia.com