In order to address the shortage of storage capacity for food grains in the country, the Government on 31.05.2023, has approved the 'World’s Largest Grain Storage Plan in Cooperative Sector', which has been rolled out as a Pilot Project. 

In a significant milestone, India and 13 other Indo-Pacific Economic Framework (IPEF) partners have established three supply chain bodies under the landmark Indo-Pacific Economic Framework for Prosperity (IPEF) Agreement relating to Supply Chain Resilience. 

With the initiative of Ministry of Cooperation, Government of India, a target of 1100 additional Farmer Producer Organizations (FPOs) has been allocated to National Cooperative Development Corporation by Ministry of Agriculture and Farmers Welfare, GoI, for formation and promotion of FPOs in cooperative sector through strengthening of PACS under the Central Sector Scheme - Formation and Promotion of 10,000 FPOs.

The Indian dairy industry is set for a revenue growth of 13-14 per cent this fiscal, as strong consumer demand continues along with improved supply of raw milk. While the demand will be supported by rising consumption of value added products, the ample milk supply will be driven by good monsoon prospects, Crisil Ratings said in a statement.

Kempegowda International Airport Bengaluru on Wednesday announced the successful conclusion of another exceptional mango export season, solidifying its reputation as a key player in the agricultural export industry.

It is observed that the Food Processing Industries have emerged as an important part of the Indian economy in terms of its contribution to Gross Domestic Product (GDP), employment, exports and so on. During the last eight years ending 2022-23, food processing sector has been growing at an Average Annual Growth Rate (AAGR) of around 5.35%.

Vietnamese Prime Minister Pham Minh Chinh has called for stronger economic cooperation between Vietnam and India, setting an ambitious target of $20 billion in bilateral trade.

Commerce and Industry Minister Piyush Goyal on Wednesday expressed hope that steps such as focus on self-sufficiency, technology, stronger currency and fundamentals would help India become a USD 55-trillion economy by 2047. 

The Federal Government through the Nigeria Customs Service, NCS, has suspended import duties on rice, flour, wheat and other essential food items to reduce the high costs of food items in the country in the wake of the excruciating hunger in Nigeria.

Department of Agriculture & Farmers' Welfare is implementing 'Innovation and Agri-Entrepreneurship Development' programme under Rashtriya Krishi Vikas Yojana (RKVY) from 2018-19, with the objective of promoting innovation and agri-entrepreneurship, by providing financial and technical support for nurturing startups.