Expecting this sugar season’s (September 2023 - October 2024) output to exceed demand, India’s sugar producers are demanding 20 lakh tonnes be allowed to be exported. The Indian Sugar and Bio-Energy Manufacturers Association (ISMA) said production has reached 314 lakh tonnes in the first seven months of the 2023-2024 sugar season. With additional output of almost six lakh tonnes expected from the sugar mills in Karnataka and Tamil Nadu, the net sugar production is estimated to be close to 320 lakh tonnes.
With the World Bank planning to come out with its first Business Ready report in September this year, the commerce ministry has started working on the international trade topic in detail to further push India's ranking, an official said.
The season of famous and delicious variety of mangoes, Alphonso, has come to an end early this year in Maharashtra’s Ratnagiri. Renowned for its exquisite taste and hefty price tag, this year's harvest bids farewell earlier than anticipated.
India has extended the timeline for duty-free imports of yellow peas by four more months until October 2024, according to an official notification.
India's January and February 2024 shipments to Iran increased by 20 per cent year over year to US$269 million. This was reported by the Tehran Times, a partner of TV BRICS.