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Record exports in July, 33 per cent of $400 billion FY22 aim met.

Aug 03, 2021

Led by petroleum products, gems and jewellery, and engineering goods, India’s exports rose 47.9% on-year to a record $35.17 billion in July.
 
Preliminary data released by the government showed that India’s merchandise exports in July were an increase of 34% over July 2019. Imports were at the second highest at $46.4 billion, leaving a wider trade deficit of $11.23 compared to $9.4 billion in June and $5.33 billion a year ago.
 
'Make in India, Make for the World: India’s merchandise exports in July 2021 was $35.17 bn, an increase of 34% over July 2019. PM @NarendraModi ji’s vision for Aatmanirbhar Bharat has given a boost to exports,' commerce and industry minister Piyush Goyal said in a tweet.
    
Source: The Economic Times



APEDA and Invest India hold virtual outreach under Districts as Export Hubs.

Aug 03, 2021

Under the Districts as Export Hubs initiative, the Directorate General of Foreign Trade (DGFT) under the Department of Commerce in partnership with the Agricultural and Processed Food Products Export Development Authority (APEDA) and Invest India conducted a 2 Day Virtual Outreach Event connecting exporters from the Districts to the buyers outside India. Following the opening ceremony, a virtual trade fair was held where 197 exhibitors participated from the states of Punjab, Himachal Pradesh, and Union Territories of Jammu & Kashmir and Ladakh. The event provided a platform to small sellers from areas earlier not known for exports, apart from large exporters from India. 28 stalls from Jammu and Kashmir and 5 from Ladakh were highlighted in the exhibition.
 
The virtual outreach event saw a footfall of over 300 visitors and importers from domestic and international buyers inclusive of the USA, the UAE, and Japan. Putting a spotlight on agricultural products under five categories namely spices and tea, food grains and agro-products, fruits and vegetables, dry fruits, and processed food, three buyer-seller interactive sessions were held with the support of Indian Embassies from the USA, the UAE, and Japan. Few leading supermarkets such as Spinney, Walmart, and Lulu also participated during the interactive sessions and showed keen interest in India's agricultural products.
    
Source: Devdis Course



After 'Raja Mircha', it will be the turn of Bihar's Magahi Paan, will be exported in collaboration with APEDA.

Aug 03, 2021

India is full of diversity. Every state here is special in itself. Each state has its own distinct identity. You must have heard a lot of Banarasi paan, but how can the lovers of paan forget the taste of Bihar's famous Magahi paan. Preparations are underway to export this Magahi paan with the help of APEDA.
 
Actually there is going to be a tie up between Agricultural and Processed Food Products Export Development Authority (APEDA) and Bihar Agricultural University, Sabour. There are plans to export GI tagged products Makhana, Jardalu Mango, Shear Rice, Litchi and Magahi Paan. Some quality test is required to export abroad. It can be exported only after the product has passed the test. Obviously, this will give more profit to the betel-producing farmers.
    
Source: ZeeBiz



China falls for 'hotter' than anywhere Indian chillies, import goes up.

Aug 03, 2021

It is not just rice that India is supplying to the kitchens in China. Along with rice, the demand for chillies has increased too. China, one of the primary chilly producers of the world, has now started importing the key ingredient required for its cooking from India.
 
'While China produces over 45 per cent of world chillies, it has started importing the same as they find Indian chillies better and spicier,' an exporter told India Narrative.
 
News portal MoneyControl in a report echoed the same sentiment. It said that in recent years, Chinese people have taken a fancy to Indian chillies, which are hotter than what is produced elsewhere. The report added that China now accounts for nearly half of the export of hot spice.
    
Source: WIO News



PM FME Scheme: Government is helping 10 lakh rupees for the food processing industry, know how to apply.

Aug 03, 2021

The corona epidemic has caused a lot of damage to the economies of countries around the world. In the country too, from small businessmen to big businessmen, lakhs of people have become financially troubled. To overcome this, the central government is helping people through various schemes. One of these schemes is PM Formalization of Micro Food Processing Enterprises Scheme (PM FME Scheme) people know very little about it.
 
You must have understood from the name of the scheme that it is a scheme related to the food processing sector. Those who want to start their work in the food industry, the government gives a huge amount as help. With the help of the government, people can start their work sitting at home. Recently, in the Lok Sabha, Union Minister Pashupati Kumar Paras had told about this new scheme being run for the people doing business of food and drink. For this scheme, the government has planned to help 10 thousand crore rupees in 5 years.
    
Source: India.com



'Favourable global outlook to accelerate India's export growth'.

Aug 03, 2021

Favourable global trade outlook is expected to accelerate India's export growth, said India Ratings and Research (Ind-Ra).
 
Ind-Ra said that India's exports, which have been languishing for quite some time, can take advantage of the favourable trade growth outlook of 2021 and consolidate its position further than what has been witnessed in Q1FY22.
 
'In YoY growth terms, India's exports grew 60.29 per cent, 195.72 per cent, 69.35 per cent and 48.35 per cent in the months of March, April, May and June 2021, respectively.
 
'No doubt, the growth numbers reflect the depth of the Covid-19 shock last year but Ind-Ra believes they also show the strength of the current recovery, adequately captured by the monthly export number.'
    
Source: SIFY.com



Jordan issues new tender to buy 120,000 tonnes wheat -trade.

Aug 03, 2021

Jordan's state grain buyer has issued an international tender to buy 120,000 tonnes of milling wheat sourced from optional origins, European traders said on Monday.
 
The deadline for submission of price offers is Aug. 4.
 
A new tender had been expected after Jordan purchased 60,000 tonnes in its previous tender for 120,000 tonnes of wheat last week.
 
Shipment in the new tender is sought in a series of possible combinations in 60,000 tonne consignments in 2022.
    
Source: Nasdaq



FSSAI to reoperationalise norms governing feed for milk producing animals.

Aug 03, 2021

The Food Safety and Standards Authority of India (FSSAI) has decided to reoperationalise the regulations governing animal feed standards for milk producing animals under FSS (Food Products Standards and Food Additives) Amendment Regulations 2020.
 
In a direction, the food regulator has stated that the finalisation of the regulations after receiving comments was yet to be done and alignment of the FSSAI requirements was needed for animal feed, therefore the regulations were being operationalised again.
 
The FSSAI direction reads, 'The draft regulations were notified on 26.10.20 inviting comments from the stakeholders and are in the process of finalisation which is likely to take some time. Meanwhile, for alignment of FSSAI requirements with respect to animal feed with those specified in BIS (Bureau of India Standards) and DAHD (Department of Animal Husbandry and Dairying) and to address the safety issue identified in the recent quality and safety survey of commodities like milk, it has been decided to reoperationlise these regulations.'
    
Source: FnB News



Himachal apple growers see big gains in plentiful rain.

Aug 03, 2021

Apple growers in Himachal Pradesh, one of India’s major apple-producing regions, are upbeat that increased rainfall activity would result in sufficient moisture to help the fruit to gain optimum size. This would also raise overall apple production after a lean season.
 
The state Horticulture Department said harvesting of the fruit has just begun in low apples belts, mainly in Shimla district, that alone accounts for 80 per cent of the state’s total apple production.
 
A total of 6,60,000 apple boxes have been sent to different markets of the country till July 30, said the Horticulture Department.
    
Source: The Tribune



Farmers in remote villages of J-K's Rajouri take up organic farming, boost income.

Aug 03, 2021

People living in far-flung areas of the Rajouri district near the border have taken up organic farming, especially vegetables, and boosted their incomes after facing tough times due to the Covid-19 pandemic.
 
'A lot of people who lost their jobs to the covid-19 pandemic took training from us and began organic farming and are now earning a good livelihood. We are doing organic farming here are giving livelihood to others as well,' said Kartik Shama, an organic farmer while talking to ANI.
 
The farmers of the Keri Doongi block in the Rajouri district are growing organic vegetables like cucumber, chili, ladyfinger, bitter gourd, etc, and selling them. They do not use urea or other chemical fertilizers.
    
Source: ANI News



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