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Jun 16, 2025 News Image India’s rice production likely to surge to new record next season.
India’s rice production will likely rise to a record high in the 2025-26 season (September 2025-August 2026) even as global grains production could rise to a fresh peak of 2,375 million tonnes (mt), forecasts by international agencies say. India’s wheat crop this season has been estimated at a record high, too. According to the US Department of Agriculture (USDA), rice production in the 2025-26 season has been forecast at a record 151 mt (milled basis), up 1 per cent from last year, and 11 per cent from the 5-year average.
 Source:  thehindubusinessline.com
Jun 16, 2025 News Image India, China agree to hold 'functional talks' on trade, eco.
India and China have agreed to hold talks to discuss and resolve specific issues of concern, especially in the areas of economics and trade, during the visit of the vice foreign minister of China, Sun Weidong. They will also work towards expediting resumption of direct flights. Sources said the issue of rare earth metal supplies that have been hit by Chinese export controls was also raised by the Indian side during the talks.
 Source:  economictimes.indiatimes.com
Jun 16, 2025 News Image FTA with India brings 'genuine' competitive advantage, UK Parliament told.
London, The Free Trade Agreement (FTA) negotiations concluded with India places the UK at a 'genuine' competitive advantage in the manufacturing sector, the House of Commons was told this week. During a debate on the bilateral FTA agreed last month, UK Business and Trade Secretary Jonathan Reynolds fielded a series of questions on the advantages of the deal which has been pegged to increase bilateral trade by GBP 25.5 billion annually in the long term.
 Source:  economictimes.indiatimes.com
Jun 16, 2025 News Image Government aims to make J&K Rs 1 trillion agricultural economy by 2030: LG Manoj Sinha.
Jammu and Kashmir Lieutenant Governor Manoj Sinha on Saturday said the government's goal is to make every farmer in the Union Territory a proud stakeholder in India's journey towards becoming a Viksit Bharat by 2047. Addressing the closing Ceremony of Viksit Krishi Sankalp Abhiyan at SKUAST Kashmir's Mountain Research Centre for Field Crops at Khudwani-Kulgam in south Kashmir, Sinha said it is a comprehensive strategy, designed to make J&K UT a robust Rs 1 trillion agricultural economy by 2030.
 Source:  economictimes.indiatimes.com
Jun 16, 2025 News Image GI tag sought for Kollimalai Coffee and Jackfruit.
The Patent Information Centre of Tamil Nadu State Council for Science and Technology (TNSCST), Chennai has filed applications seeking Geographical Indication (GI) tag for Kollimalai Coffee and Kollimalai Palappazham. TNSCST is an autonomous organization under the Department of Higher Education, Government of Tamil Nadu.
 Source:  thehindu.com
Jun 16, 2025 News Image Centre reduces Basic Custom Duty on major imported crude edible oils.
Centre has reduced the Basic Customs Duty (BCD) on crude edible oils namely crude sunflower, soybean, and palm oils. Duty has been reduced from 20% to 10% resulting in the import duty differential between crude and refined edible oils from 8.75% to 19.25%.
 Source:  fnbnews.com
Jun 16, 2025 News Image APEDA hosts capacity building programme on export promotion.
In a significant step towards enhancing agricultural exports from Tripura, the Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce and Industry, Government of India, in collaboration with the Superintendent of Agriculture, Bishalgarh Agri Sub-Division, organised a Capacity building Programme focused on the 'Role of APEDA in Export Promotion of Agri-Horti Products, APEDA Schemes, and Post- Harvest Management'.
 Source:  tripuratimes.com
Jun 13, 2025 News Image US trade pact set for early finish: Piyush Goyal.
India and the US are on track to seal a trade agreement before the deadline of fall 2025 set by PM Narendra Modi and President Donald Trump, commerce and industry minister Piyush Goyal told ET in an interview. Goyal, who is on a four-day visit to Switzerland and Sweden, said the rare earth magnet supply squeeze by China is a wakeup call.
 Source:  economictimes.indiatimes.com
Jun 13, 2025 News Image India seeing the rise of exotic mushrooms in agriculture.
India's agricultural sector is undergoing a transformative shift, driven by sustainability, high-value crops, and changing consumer preferences. While traditional farming remains the backbone of the economy, exotic mushrooms—once considered niche imports—are emerging as a profitable, eco-friendly, and health-driven industry.
 Source:  verticalfarmdaily.com
Jun 13, 2025 News Image Union Commerce and Industry Minister Shri Piyush Goyal Advances India–Sweden Collaboration Through Comprehensive Government and Industry Dialogues.
Union Minister of Commerce and Industry, Shri Piyush Goyal held a series of substantive engagements with senior members of the Swedish government and industry leaders on day one of his two-day official visit to Stockholm. The visit aimed at further deepening the bilateral economic relationship, enhancing trade and investment flows, and exploring new avenues of cooperation in emerging sectors.
 Source:  pib.gov.in