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Jun 03, 2025 News Image Goa's feni gets its first GI tag; here's what it means for the state.
Nestled in Nanora village, 35 kilometres north of Panaji, Goa Heritage Distillery is having its moment in the spotlight. Ozzo Feni (pronounced uzo, which means fire in Konkani under brand Cazcar has just received the first-ever Geographical Indication (GI) tag for feni in the country.
 Source:  mid-day.com
Jun 03, 2025 News Image Thai rice exports decline as India re-enters market.
Thailand’s rice exports from January to March 2025 faced significant challenges with more Indian rice entering the global market, according to a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture. During that time, Thai rice exports totaled 1.8 million tonnes, down 27% from the same period last year.
 Source:  ukragroconsult.com
Jun 03, 2025 News Image India and Japan agrees to deepen Maritime Relations.
Union Minister of Ports, Shipping & Waterways, Shri Sarbananda Sonowal held a bilateral meeting with His Excellency, Terada Yoshimichi, Japan’s Vice Minister for International Affairs, and the Ministry of Land, Infrastructure, Transport & Tourism (MLITT) in Oslo today. With a goal to deepen the maritime relations between the two countries, the meeting entailed discussions on multiple areas including investment by Japanese Shipyards, collaboration on port digitisation and green port initiatives, increase in R&D cooperation, upskilling human resources, employment of Indian seafarers in Japan among others.
 Source:  pib.gov.in
Jun 03, 2025 News Image 'The Agriculture Minister is, first and foremost, the chief servant of the farmers.' – Shri Shivraj Singh.
As part of the ongoing ‘Viksit Krishi Sankalp Abhiyan’, Union Minister of Agriculture and Farmers’ Welfare, Shri Shivraj Singh Chouhan, on the fifth day of the campaign, interacted with farmers at the Krishi Vigyan Kendra in Piprakothi, East Champaran, Bihar. In his continued efforts of interacting with the farmers from Odisha, Jammu, Haryana, and Uttar Pradesh, Shri Chouhan engaged with the farming community of Bihar today.
 Source:  pib.gov.in
Jun 03, 2025 News Image Philippines Aims to Cut Reliance on Vietnam for Rice.
The Philippines, the world’s top rice importer, plans to look beyond its dominant supplier, Vietnam, to ensure steady supplies and competitive prices at home. The agriculture department is in talks with private importers on purchases from producers like India, Pakistan, Cambodia and Myanmar, Agriculture Secretary Francisco Tiu Laurel Jr. said in an interview on Friday. There may also be a 'deal' with Indonesia and Thailand, he added.
 Source:  bloomberg.com
Jun 03, 2025 News Image Cherry on the rake: Red drupes from Kashmir’s orchards make their way to Mumbai.
The first parcel train carrying freshly-plucked cherries from the Kashmir Valley reached Mumbai on Sunday evening, completing a journey of nearly 2,000 km in around 30 hours. The train departed from Shri Mata Vaishno Devi Katra station in Jammu on Saturday with a consignment of 10 to 12 tonnes of cherries, marking a milestone in efforts to boost horticulture exports from the region.
 Source:  thehindubusinessline.com
Jun 03, 2025 News Image Duty cut on edible oils expected to lower raw material costs for food companies.
The government’s move to slash import duty on crude edible oils is expected to reduce raw material costs for food companies starting Q2FY26. Players said that this could help lower raw material costs while offsetting higher costs of other commodities. Analysts believe it is also expected to lead to improvement in margins of consumer product companies in the coming quarters if the lower prices sustain.
 Source:  thehindubusinessline.com
Jun 03, 2025 News Image India-US trade pact: Effort on to facilitate preferential market access for both sides, says Piyush Goyal.
India and the United States are keen on providing preferential market access to each other's businesses, with teams from both nations collaborating on a proposed bilateral trade agreement, Commerce Minister Piyush Goyal said on June 2. In February, Donald Trump and Narendra Modi underlined the two sides' intentions to negotiate the initial phase of a mutually advantageous multi-sector Bilateral Trade Agreement (BTA) by the fall of 2025, specifically targeting September-October.
 Source:  economictimes.indiatimes.com
Jun 03, 2025 News Image 'Will negotiate a fair balance,' Piyush Goyal optimistic of wrapping up FTA with EU by year end.
Commerce and Industry Minister Piyush Goyal expressed optimism that India could finalise its Free Trade Agreement (FTA) with the European Union (EU) ahead of the year-end deadline, citing minimal divergences between the two economic blocs. Goyal emphasised the complementary nature of the Indian and European economies. 'There are not too many issues where we have divergence of opinion.
 Source:  economictimes.indiatimes.com
Jun 03, 2025 News Image 'India, US to resolve all issues bilaterally': Piyush Goyal.
India and the US will continue to work together to resolve all issues bilaterally including America's decision to double the tariffs on steel and aluminium to 50%, commerce and industry minister Piyush Goyal said. 'Let us wait and watch...both the US and India share good relations and we will continue to work together to resolve all these issues bilaterally,' he said.
 Source:  economictimes.indiatimes.com