06 Jun, 2024 News Image Open market sale of wheat unlikely to start this month.

An unexpected fall in wheat procurement from a 'realistic target' has derailed the Government’s plan to start selling the grain in the open market anytime soon, even as the current policy is about to end on July 31. Besides, the Government is closely monitoring prices and there is no concern on that front, so far, official sources said.


 Source:  thehindubusinessline.com
06 Jun, 2024 News Image Cooperation Minister reviews progress of pilot grain storage projects launched in 11 states.
The National Level Coordination Committee (NLCC) for India's ambitious grain storage project, chaired by Cooperation Secretary Ashish Kumar Bhutani, held its inaugural meeting here on Monday and reviewed the progress of the pilot project launched last year in 11 states. The intiative, spearheaded by the Ministry of Cooperation, aims to create a decentralised network of warehouses and other agricultural infrastructure at the Primary Agricultural Credit Society (PACS) level across the country.
 

 Source:  economictimes.indiatimes.com
06 Jun, 2024 News Image India, US, 12 others likely to ink pact today to meet climate financing goal.
India, the US and 12 other countries on Thursday are likely to ink an agreement to help them meet their climate objectives through collaborative financing without imposing barriers.
The proposed Clean Economy Agreement under the Indo-Pacific Economic Framework (IPEF) aims to help the member countries meet their climate objectives by improving market conditions, officials said.

 Source:  economictimes.indiatimes.com
06 Jun, 2024 News Image Food Processing industry should focus on quality and expanding export markets: Anita Praveen, secretary, MoFPI.

Anita Praveen, secretary, Ministry of Food Processing Industries, Govt. of India today said that the Indian Food Processing Industry is the second biggest employer in the country after textile and can be the basis for increasing farmers’ income.


 Source:  foodtechbiz.com
05 Jun, 2024 News Image FSSAI directs beverage companies to remove '100% fruit juice' claim from labels and ads.

The Food Safety and Standards Authority of India (FSSAI) has ordered beverage companies to remove claims of '100 per cent fruit juice' from labels as well as advertisements of reconstituted fruit juice products from immediate effect. Fruit concentrates and water are used to make reconstituted fruit juices. It has also directed food business operators (FBOs) to exhaust all existing pre-printed packaging materials before September 1. The food safety authority noted that the regulations have no provisions allowing companies to make a '100 per cent fruit juice' claim and hence are misleading.


 Source:  thehindubusinessline.com
05 Jun, 2024 News Image Second Advance Estimates of 2023-24 of Area and Production of Horticultural Crops.

The Department of Agriculture and Farmers Welfare has released the Second Advance Estimates of 2023-24 of Area and Production of various Horticultural Crops compiled on the basis of information received from States/ UTs and other Governmental source agencies.


 Source:  pib.gov.in
05 Jun, 2024 News Image India should expand, diversify its agriculture export basket, says APEDA official.
India should focus on diversifying and expanding its agriculture export basket so that higher-value products can be shipped out instead of primary products, says Parashram Pati, Director, Agricultural and Processed Food Products Export Development Authority (APEDA), and senior advisor, Agriculture, Maharashtra Institution for Transformation.
 

 Source:  thehindubusinessline.com
05 Jun, 2024 News Image India's May palm oil imports reach 4-month high on price drop-dealers.
India's palm oil imports rose by 12.4% in May from the previous month to reach the highest level in four months as the recent correction in prices led to higher purchases, five dealers told Reuters.
Higher palm oil purchases by India, the world's biggest importer of vegetable oils, could support the benchmark Malaysian palm oil futures that fell to their lowest level in more than three months in May.

 Source:  thehindu.com
05 Jun, 2024 News Image Bangladesh: Onion import from India starts again after 20 days.
After being closed for 20 days, import of onions from India started again through Hili land port in Dinajpur district on Tuesday.
Traders have started importing Indian onions as the price of domestic onions increased in the country's markets.

 Source:  observerbd.com
05 Jun, 2024 News Image Kenya: Treasury opens gates for duty-free imports of rice.
The Treasury has opened a six-month window for the importation of 500,000 tonnes of milled rice to cover a shortage of the commodity.
Traders will be allowed to import Grade 1 milled rice duty-free until November 30 to supplement local production and ease pressure on prices of the staple food.
 

 Source:  businessdailyafrica.com