1. Home
  2. Market Intelligence
  3. Market News
Archive
May 14, 2025 News Image Punjab pioneers litchi cultivation, ships first batch to England.
The state of Punjab is emerging as one of the major litchi exporting destinations in India, as it started the fruit's supply to England from districts of Pathankot, Gurdaspur and Hoshiarpur in 2024. Last year in June, Punjab Horticulture Minister Chetan Singh Jouramajra flagged off the first consignment of 'litchi' from the state. Agricultural and Processed Food Products Export Development Authority (APEDA), in collaboration with the Horticulture Department, exported the first consignment. In an update, the minister had said that the production of litchi, cultivated over 3,250 hectares, will touch 13,000 metric tonnes.
 Source:  indiatvnews.com
May 14, 2025 News Image Chhattisgarh's agriculture and rural development gets a boost with joint efforts of Center and State: Union Minister Shri Shivraj Singh Chouhan and Chief Minister Shri Vishnu deo Sai hold high-level review.
Union Minister of Agriculture & Farmer Welfare and Rural Development, Shri Shivraj Singh Chouhan, and Chief Minister, Shri Vishnu deo Sai, conducted a comprehensive review of the Panchayat & Rural Development and Agriculture departments' work at the Secretariat (Mahanadi Bhawan), Raipur, Chhattisgarh today. The meeting reviewed the effective implementation of state and central government schemes and discussed future development strategies.
 Source:  pib.gov.in
May 14, 2025 News Image India’s Major Ports Achieve Historic Milestones in FY 2024-25, Driving Growth and Global Competitiveness.
India’s Major Ports have consistently demonstrated remarkable progress over the past decade, with FY 2024-25 emerging as a milestone year in terms of cargo handling, operational efficiency, and infrastructure modernisation. In FY 2024-25, Major Ports registered an impressive annual growth rate of 4.3% in cargo handling, increasing from 819 million tonnes in FY 2023-24 to ~855 million tonnes in FY 2024-25. This growth highlights the resilience and capacity of Major Ports in accommodating rising trade volumes. The increase in traffic was driven by higher container throughput (10%), fertilizer cargo handling (13%), POL cargo handling (3%), and handling of miscellaneous commodities (31%) compared to the previous fiscal year.
 Source:  pib.gov.in
May 13, 2025 News Image First Round of India–New Zealand Free Trade Agreement negotiation Concludes in New Delhi.
In a major step towards expanding bilateral trade and investment engagement, the first round of negotiations for the India–New Zealand Free Trade Agreement (FTA) concluded successfully today in New Delhi. The negotiations were held from 5-9 May, 2025. This development builds on the shared commitment to deepen economic ties and guidance given by Hon’ble Prime Minister of India, Shri Narendra Modi during the visit of the Right Hon’ble Christopher Luxon, Prime Minister of New Zealand in March 2025. The FTA was launched during the meeting between Hon’ble Shri Piyush Goyal, Minister of Commerce and Industry, Government of India, and Hon’ble Mr. Todd McClay, Minister for Trade and Investment, Government of New Zealand on March 16, 2025.
 Source:  pib.gov.in
May 13, 2025 News Image Basmati price rise due to demand surge, unrelated to India-Pakistan tensions: Exporters body.
The All India Rice Exporters Association (AIREA) reports that recent Basmati rice price increases stem from heightened international demand, particularly from Saudi Arabia, Iran, and Iraq. AIREA clarifies that these price fluctuations are unrelated to geopolitical tensions between India and Pakistan, with export operations proceeding smoothly. Increased demand has nudged prices upward, though they remain below previous highs.
 Source:  timesofindia.indiatimes.com
May 13, 2025 News Image No duty cuts by India on UK wines under FTA; limited concession on British beer.
India is not giving any duty concessions on British wines and is providing only limited import duty benefits on UK beer under the free trade agreement (FTA) between the two countries, announced on May 6, an official said. The other sensitive agri products where India will not offer any reduction in the import duty include dairy products, apple, cheese, oats, animals and vegetable oils under the agreement with the United Kingdom.
 Source:  economictimes.indiatimes.com
May 13, 2025 News Image US of Aam-erica has a new king: US emerges as India’s top export market for mangoes; Kesar tops Alphonso.
The United States of Aam-erica has a new ruler. Kesar, the saffronhued native of Gujarat, has toppled from the throne the long-reign - ing king, the delicate Alphonso, in the US, which has emerged as India’s biggest mango market. Between April 2024 and January 2025, India exported mangoes worth $24.97 million to US, which overtook the United Arab Emirates (at $20.78 mil - lion) for the first time to become the largest destination for Indian man - goes, according to data from the com - merce ministry. The figure includes fresh, dried and pulp mangoes.
 Source:  economictimes.indiatimes.com
May 13, 2025 News Image Sustainable dairy: The next frontier for Indian agri-business.
India’s dairy industry, the largest globally, has been a cornerstone of the nation’s agricultural economy. With over 80 million rural households engaged in dairy farming, the sector not only contributes significantly to the country’s GDP but also ensures nutritional security for its vast population. However, the traditional methods of dairy farming are under scrutiny due to environmental concerns, particularly methane emissions and resource-intensive practices. As the world pivots towards sustainable agriculture, India’s dairy sector stands at the cusp of a transformative journey—one that harmonises productivity with environmental stewardship.
 Source:  thehindubusinessline.com
May 13, 2025 News Image India to top world in rice production.
After years of subsidizing its rice farmers by paying for crop inputs and setting minimum support prices, India is about to surpass China as the world’s largest rice producer. USDA’s World Agricultural Outlook Board is forecasting that India will harvest a record 147 million metric tons of rice in the 2024-25 marketing year based on the Indian government’s Second Advanced Estimate and expected summer crop production.
 Source:  farmprogress.com
May 13, 2025 News Image India, EU to hold next round of FTA talks from Monday for early conclusion of first part.
India and the European Union (EU) chief negotiators will begin the next round of talks on the proposed free trade agreement (FTA) here from Monday, with an aim to conclude the first phase of the pact as early as possible, according to an official. The two sides have agreed to conclude the agreement in two phases on account of the uncertain global trade environment, particularly due to the US tariff actions under President Donald Trump.
 Source:  economictimes.indiatimes.com