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Centre launches 10,000 new PACS, eyes 2 lakh target before 5-year timelines: Amit Shah.

Dec 26, 2024

Cooperation Minister Amit Shah launched 10,000 new multi-purpose Primary Agricultural Cooperative Societies (PACS) on Wednesday and asserted that the government will achieve its target of establishing 2 lakh such societies before the five-year timeline. Addressing the launch event, Shah said prosperity through cooperation cannot be achieved unless cooperatives function effectively at the panchayat level.

    
Source: economictimes.indiatimes.com



India's agri export policy up for a revamp to tap emerging markets: Report.

Dec 26, 2024

India, ranked the world’s eighth-largest agricultural exporter in 2023, saw its exports decline from $51.12 billion in FY23 to $48.77 billion in FY24.
The six-year-old Agricultural Export Policy (AEP) is set for a review against the backdrop of evolving global market dynamics and the need to diversify India's export basket, Mint reported.
    
Source: moneycontrol.com



India moves European court after EU rejects its plea to access Pakistan’s proof on Basmati origin.

Dec 26, 2024

India has approached the European Court of Justice after the European Union rejected India’s application to access the Annexures attached to Pakistan’s application for protected Geographical Indication (PGI). The EU claimed such access would undermine its international relations with Islamabad.
 
    
Source: thehindubusinessline.com



India extends duty-free import of yellow peas by two months till February 2025.

Dec 26, 2024

India has extended the timeline for duty-free imports of yellow peas by two more months until February 2025, according to an official notification from Directorate General of Foreign Trade (DGFT).
 
    
Source: economictimes.indiatimes.com



India must consider CPTPP membership amid global trade uncertainties.

Dec 26, 2024

The recent statements by President-elect Donald Trump about imposing higher tariffs on imports from Mexico and Canada cast a shadow over two important aspects of global trade — friend-shoring and the United States-Mexico-Canada Agreement (USMCA).

    
Source: business-standard.com



Bharat Progress Report 2024: India Signs Free-Trade Pact with Iceland, Liechtenstein, Norway & Switzerland Under EFTA.

Dec 26, 2024

India signed a landmark Trade and Economic Partnership Agreement with the European Free Trade Association, which comprises Switzerland, Norway, Liechtenstein, and Iceland on 10 March 2024.
The agreement includes binding commitment worth $100 billion over the next 15 years that is aimed to boost FDI in India and generate one million direct jobs.
 
    
Source: newsx.com



Bangladesh: Ship carrying first consignment of Indian rice arrives at Chattogram Port

Dec 26, 2024

    
Source: BD News 24



Sri Lanka: Cabinet nod to extend rice import permit.

Dec 26, 2024

Cabinet Spokesman, Minister Nalinda Jayathissa said that the decision to extend the import permit was made yesterday during the Cabinet meeting.
'Accordingly, the private sector will be permitted to import rice until January 10, 2025, to ease the current shortage of rice,' the Minister said.
    
Source: newswire.lk



'The volume of blueberry exports is still in its early stages'.

Dec 26, 2024

The development of the blueberry sector in India over the past several years has been marked by substantial growth, driven by increasing consumer demand, technological advancements, and government support, says Shubha Rawal, head of sourcing of IG International: 'Acknowledging the significant market opportunities, the Ministry of Agriculture and Farmers' Welfare has recognized a variety of globally in-demand exotic fruits, including blueberries, as commercially valuable. Consequently, the ministry has instructed state horticulture departments to increase the cultivation areas dedicated to these fruits.'

    
Source: freshplaza.com



To boost banana cultivation, 1.5L velchi variety saplings distributed.

Dec 26, 2024

To promote banana cultivation in the state, the directorate of agriculture has distributed 1.5 lakh tissue-cultured velchi banana saplings for this rabi season.
'This popular variety, favoured by Goans, has a dedicated market and suits the state’s climate,' said the director of agriculture, Sandeep Faldesai.
    
Source: timesofindia.indiatimes.com



This rabi season, Indian wheat acreage gains at the cost of oilseeds, pulses.

Dec 26, 2024

The area under oilseeds and pulses is lower but wheat coverage is higher during the current rabi season. As of December 20, 93 per cent of the normal area has been covered with farmers bringing 32 lakh hectares (lh) under cultivation last week.

    
Source: thehindubusinessline.com



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