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Jun 05, 2025 News Image Amul launches milk in Spain, to expand to other parts of EU soon.
The Gujarat Co-operative Milk Marketing Federation Ltd (Amul) on Wednesday announced the launch of Amul milk in Madrid and Barcelona cities of Spain. The Gujarat-based cooperative body said it will subsequently expand to other parts of European Union including Portugal, Germany, Italy and Switzerland.
 Source:  thehindubusinessline.com
Jun 05, 2025 News Image Govt asks select States to increase inter-state trade on e-NAM platform.
The Centre is preparing to roll out e-NAM 2.0, and States may have to make some changes in their Agricultural Produce Marketing Committee (APMC) Acts. This will be a preparatory step by the Centre to ensure that more inter-State transactions happen over the e-NAM platform. Through hand holding of States, traders are being persuaded to buy though e-NAM. However, it needs many structural reforms required by both the Centre and States to show desired results, experts said.
 Source:  thehindubusinessline.com
Jun 05, 2025 News Image ‘Centre aims to enhance farmers income by increasing production’.
The Central government is committed to enhance farmers’ income by increasing production across crops in agriculture and allied sectors, Raghavendra Bhatta, Deputy Director General (Animal Science) of ICAR has said. The ongoing ‘lab to land’ initiative under the Viksit Krishi Sankalp Abhiyan would significantly enhance productivity in the coming seasons. A substantial rise in output is expected across crops, animal husbandry and fisheries, he said.
 Source:  thehindubusinessline.com
Jun 05, 2025 News Image India and Europe agree on nearly half of trade deal ‘chapters’.
India and the EU have reached consensus on almost half of the topics to be covered by a trade deal they hope to seal this year and have agreed that the pact will not cover some 'sensitive' farming products such as dairy, according to people with knowledge of the talks. The people said negotiators had agreed eight out of roughly 20 deal 'chapters', each covering topics such as rules of origin or intellectual property rights, after the EU in February stepped up efforts to bolster economic ties with the world’s fifth-largest economy.
 Source:  ft.com
Jun 05, 2025 News Image FSSAI issues guidelines for acceptance of rPET as Food Contact Material.
The Food Safety and Standards Authority of India has issued guidelines for acceptance of recycled Polyethylene Terephthalate (PET) as Food Contact Material (FCM-rPET). According to FSSAI, these guidelines pertain only to the recycling process/operation of transforming post-consumer PET used for food applications into recycled PET as Food Contact Material (FCM-rPET) resins suitable for making Food Contact Materials and cover the acceptance criteria for using (FCM-rPET) resin in Food Contact Materials, apply only to recycling technology approved by FSSAI and do not apply to production of resins for non-food grade consumer applications.
 Source:  fnbnews.com
Jun 05, 2025 News Image India seeks measures to tackle trade distortions.
India has called for action to address trade distortions caused by non-market economies, non-tariff barriers and restoration of a strong dispute settlement mechanism at the World Trade Organization (WTO), commerce and industry minister Piyush Goyal said on Wednesday. The minister, however, insisted that one should not jump to the conclusion that an existential crisis has been created at the multilateral trade body.
 Source:  economictimes.indiatimes.com
Jun 05, 2025 News Image India exports more to Latin American countries than to its neighbours, traditional trade allies.
India exported goods worth $275 million to remote Honduras in Central America during the April 2024-March 2025 period as against $201 million to nearby Cambodia. The population of Honduras is just 10 million as against Cambodia's 17 million.
 Source:  theweek.in
Jun 05, 2025 News Image Indian agri sector to reach $1.4 trillion by 2035, says McKinsey report.
Highlighting that India’s $580-650 billion agriculture sector is the world’s fastest-growing —at 5 per cent annually in the past six years—a report by McKinsey said it can reach to $ 1.4 trillion by 2035. 'India’s agriculture sector is host to multiple structural advantages vis-à-vis other agriculture economies that, if leveraged to their full potential, could accelerate growth of the sector to $ 1.4 trillion by 2035 and $ 3.1 trillion by 2047,' it said in a report titled 'value creation in Indian agriculture'.
 Source:  thehindubusinessline.com
Jun 05, 2025 News Image India weighs legal uncertainties around Trump tariffs as trade pact talks start this week.
India is weighing legal uncertainties surrounding Trump tariffs as it prepares for the next round of trade talks this week, an official said. The official said these developments could influence India's approach to the proposed bilateral trade pact with the US.
 Source:  economictimes.indiatimes.com
Jun 05, 2025 News Image Lower duty on edible oils, nuts; target growth in spice, rice in US deal: Niti Aayog.
India should offer concessions on agricultural products from US such as edible oils and nuts where domestic supply gaps exist, and explore duty concessions to boost high-performing exports — including shrimp, fish, spices, rice, tea, coffee, and rubber — in the US market during the Bilateral Trade Agreement (BTA) negotiations, a Niti Aayog working paper has argued.
 Source:  indianexpress.com