During Prime Minister Narendra Modi’s recent 2-day state visit to Bhutan, PM Modi and his Bhutanese counterpart, Tshering Tobgay, in Thimphu solidified their bilateral ties through the exchange of multiple Memorandums of Understanding (MoUs). The two nations penned several agreements spanning across energy, trade, digital connectivity, space, and agriculture.

The Indian government has indicated that it is ready with the open market sale scheme (OMSS) policy for the next fiscal in an apparent move to keep private traders off the wheat market and allow official procurement to meet the target of 37.3 million tonnes (mt). Wheat is likely to be sold at a minimum Rs.2,275/quintal (same as the minimum support price) across the country through e-auction throughout the year

The Poultry Federation of India (PFI) and the USA Poultry and Eggs Export Council (USAPEEC) have joined forces to sign a Memorandum of Understanding (MoU) which is a significant step forward in combating protein deficiency through the promotion of poultry protein knowledge and consumption.

For the first time, Amul fresh milk will be available outside India, with the Gujarat Cooperative Milk Marketing Federation (GCMMF) launching four variants of milk in the US market within a week, to cater to Indian diaspora and Asian population. 'We have been exporting dairy products for many decades. This is the first time we are launching fresh milk outside India,' GCMMF MD Jayen Mehta told PTI.

In the current year, the Government has directed NCCF and NAFED to initiate procurement of 5 lakh tonnes of onion for the buffer requirement directly from the farmers as Rabi-2024 harvest started arriving in the market. For the procurement, NAFED and NCCF are to pre-register the onion farmers to ensure that payments to the farmers are transferred to their bank accounts through Direct Benefit Transfer.

According to State Minister for Commerce Ahsanul Islam Titu, Bangladesh is set to receive 50,000 tons of onions from India in the coming days, despite a recent export ban by the Indian government. This move comes after India granted an exemption to Bangladesh and five other nations, allowing them to import onions in an effort to stabilize domestic markets.

The UK government’s decision to replace the popular Generalised Scheme of Preferences (GSP) programme, which offered import duty concessions to developing nations and LDCs for certain items, with the 'simpler and more generous' Developing Countries Trading Scheme (DCTS) has resulted in some inadvertent confusion for Indian exporters as product description under the new scheme is different from one used by India for exports, sources have said.

Soomilduth Bholah, Minister of Financial Services and Good Governance, Mauritius, on a recent visit to India strongly urged the Indian investors to use the island country as a gateway to access the emerging African markets given Mauritius expertise on the continent.