01 Nov, 2024 News Image Brics+ group expected to surpass G7 in global trade by 2026: EY India.

The Brics+ grouping of nations like India, China and Russia is rapidly increasing its share in global merchandise exports and imports and is expected to surpass G7 group by 2026, EY India said in its latest edition of EY Economy Watch.


 Source:  business-standard.com
01 Nov, 2024 News Image India opens market to Kenyan avocado farmers, boosting trade ties.
The government disclosed on Tuesday that India has consented to allow Kenyan avocado farmers access to its market. This development follows a virtual 10th Technical Level Joint Trade Committee meeting between Kenya and India, paving the way for higher-level discussions to remove non-tariff barriers. The Ministry of Trade views this as a positive step towards enhancing the value Kenyan farmers derive from their avocado produce.
 

 Source:  freshplaza.com
01 Nov, 2024 News Image Bangladesh: Govt decides to lift duties on rice imports.
The government is set to import a substantial quantity of rice and withdraw import duties to boost stock.
It has taken the step following rice production loss due to the recent floods, which caused prices to go up in the local market.

 Source:  thedailystar.net
01 Nov, 2024 News Image Paddy procurement in full swing in the food bowl of India.
Punjab and Haryana are the food bowls of our country and like every year 185 LMT and 60 LMT of paddy is estimated to be procured from these two states respectively during KMS 2024-25. These two States account for almost 40 percent of Central Pool procurement. The procurement operations are ongoing in full swing in both the States.
 

 Source:  foodtechbiz.com
01 Nov, 2024 News Image Global rice prices drop over 10% after India lifts all curbs on exports.

Rice prices in the global market have dropped by over 10 per cent over the past fortnight, mainly because of India lifting all curbs on exports and arrivals of new crops in Pakistan and Myanmar, traders said.


 Source:  thehindubusinessline.com
01 Nov, 2024 News Image India doesn t look at US-China tension as a source of benefit: Piyush Goyal.

India doesn’t look at US-China tension as a source of benefit and the country can stand on its own feet, commerce and industry minister Piyush Goyal said Wednesday.


 Source:  economictimes.indiatimes.com
01 Nov, 2024 News Image Piyush Goyal promotes one district one product in Riyadh.
Union Minister Piyush Goyal, on a two-day visit to Saudi Arabia, inaugurated the 'One District One Product' (ODOP) Wall at the Indian Embassy.
With ODOP, the government aims to spotlight local products on international platforms, transforming various districts across India into 'Made in India' hubs.

 Source:  theprint.in
01 Nov, 2024 News Image Indonesia considers importing 1 mln tons of rice from India next year, minister says.

Indonesia is considering a plan to import 1 million metric tons of rice from India in 2025 to secure supply until its main harvest, Coordinating Minister for Food Affairs Zulkifli Hasan said after a meeting of food and agricultural officials on Tuesday.


 Source:  reuters.com
30 Oct, 2024 News Image India s imports from Pak decline to zero while exports continue: Data.
India’s imports from Pakistan fell to zero in the first five months of the current financial year even it exported merchandise worth $235 million, particularly sugar and pharmaceuticals, to the neighbouring country during the period, government data showed on Sunday.
 

 Source:  hindustantimes.com
30 Oct, 2024 News Image Biscuit market to reach $11,792.3 mn by 27.

Indian biscuit brands have gradually introduced a range of healthier options over the years to meet customers' rising health awareness. The industry’s first major response to this was to promote higher fibre intake with the introduction of digestive biscuits.


 Source:  fnbnews.com