In developing countries, the Food and Agriculture Organization of the United Nations (FAO), estimates that 30-40 per cent of total production can be lost before it reaches the market. If we talk about India specifically then a 2022 government-backed study showed that approximately 5-13 per cent of fruits and vegetables were lost between harvesting and consumption. For the other crops, including oilseeds and spices, the loss ranges from 3-7 per cent, reducing the benefits India ought to have enjoyed from its overall produce.
India and Russia are discussing holding trade in local currencies and reducing non-tariff barriers by Moscow to boost the bilateral trade, Commerce Secretary Sunil Barthwal said on Wednesday.
The Commerce Ministry is pushing to restore the Interest Equalisation scheme, which is available for small businesses, till August 31, for all exporters soon, and ensure that duty remission benefits granted to exporters, under a 2021 scheme called RoDTEP, are extended beyond September, top officials said.
Malaysian Prime Minister Anwar Ibrahim will visit India from August 19 to 20 during which both sides are expected to sign several pacts including one on recruitment of Indian workers, people familiar with the matter said on Tuesday.
The disruptions that had been reported in India-Bangladesh trade due to the political disturbances in the eastern neighbour have largely been addressed though the situation is being closely monitored, a senior official said Wednesday.
Research, development, and policy stakeholders from the Philippines Department of Agriculture (DA) and Bureau of Agriculture (BAR) recently embarked on an exposure visit to various ICRISAT-led project sites in India for cross-cultural exchange and learning.
India is seeking review of certain provisions of the free trade agreement with the UAE, which came into force on May 1, 2022, Commerce Secretary Sunil Barthwal said on Wednesday. He said that India is in discussions with the UAE and there are various issues which can be discussed in the review.
Prime Minister Narendra Modi on Thursday stressed on the need to transform the agricultural sector and said the government is making comprehensive efforts to make the lives of farmers better.
