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May 15, 2025 News Image India's trade minister to lead delegation to US for trade talks, say sources.
India's trade minister Piyush Goyal will lead a trade delegation to the United States starting May 16 to advance trade negotiations, two government officials said on Tuesday, as both countries push for a bilateral trade pact. Goyal's visit follows U.S. Vice President JD Vance's trip to New Delhi last month and amid renewed efforts to secure a deal aimed at avoiding U.S. tariffs and to court President Donald Trump's administration.
 Source:  reuters.com
May 15, 2025 News Image Union Minister of Communications and Development of Northeastern region Shri Jyotiraditya M. Scindia chairs curtain raiser event for Rising North East Investor Summit.
The Union Minister of Communications and Minister for Development of North Eastern Region, Shri Jyotiraditya Scindia chaired a press meet for the Rising North East Investor Summit today. Hon’ble Minister of State, Ministry of DoNER – Shri Sukanta Majumdar, Secretary, Ministry of DoNER – Shri Chanchal Kumar, ADG, PIB – Ms. Manisha Verma, Statistical Advisor, Ministry of DoNER – Shri Dharmvir Jha, and other senior officials of the Ministry were present at the event.
 Source:  pib.gov.in
May 15, 2025 News Image Chhattisgarh's agriculture and rural development gets a boost with joint efforts of Center and State: Union Minister Shri Shivraj Singh Chouhan and Chief Minister Shri Vishnu deo Sai hold high-level review.
Union Minister of Agriculture & Farmer Welfare and Rural Development, Shri Shivraj Singh Chouhan, and Chief Minister, Shri Vishnu deo Sai, conducted a comprehensive review of the Panchayat & Rural Development and Agriculture departments' work at the Secretariat (Mahanadi Bhawan), Raipur, Chhattisgarh today. The meeting reviewed the effective implementation of state and central government schemes and discussed future development strategies.
 Source:  pib.gov.in
May 15, 2025 News Image Raising domestic cocoa output will help cut imports by 50%, says DCCD chief.
Surging prices, rocketing demand and the potential to boost rural income generation make a strong case for considering cocoa as a strategic crop in India’s agricultural portfolio, according to experts. India is currently a net importer of cocoa beans and products to sustain its booming chocolate industry. Femina, Director, Directorate of Cashewnut and Cocoa Development (DCCD), said the country’s cocoa sector has the potential to emerge as a vibrant, self-sustaining industry providing strategic interventions such as scientific area expansion, robust planting material production, intensive capacity building, and collaborative stakeholder action.
 Source:  thehindubusinessline.com
May 15, 2025 News Image Trump’s remarks aside, India and US move forward on easing shrimp, apple and alcohol trade rules.
Amid Donald Trump's latest comments linking the fate of Indo-US trade with the recent India-Pakistan border standoff, considerable progress is quietly being made between the two governments to ease up on procedural barriers weighing down bilateral trade involving several items. Case in point: Considerable progress has been made over the last fortnight to ease the import of US apples and other food items as well as lessen the pain points for export of the Indian shrimp to the US, ET has learnt.
 Source:  economictimes.indiatimes.com
May 15, 2025 News Image India's palm oil imports in April fall over 24% m/m.
India's vegetable oil imports in April plunged to their lowest in over four years, led by declines in palm oil imports, dragging inventories to their lowest in nearly five years, a leading industry body said on Wednesday. Depleted stocks may mean India, the world's biggest buyer of vegetable oils, will increase imports of palm oil and soyoil in the coming months, supporting Malaysian palm oil prices and U.S. soyoil futures.
 Source:  economictimes.indiatimes.com
May 15, 2025 News Image India, US working on new customs audit process to cut trade friction.
India and the US are working out a fresh customs audit process to minimise the rejection of consignments, lessen the number of certification and expedite movement of goods amid ongoing trade negotiation between the two nations. The customs representative from both sides met last week to introduce clearer protocols and auditing mechanisms in compliance with international trade standards, and at the same time to relax certification norms for seafood, and genetically modified agri produce, and processed food, ET has learnt.
 Source:  economictimes.indiatimes.com
May 14, 2025 News Image Punjab pioneers litchi cultivation, ships first batch to England.
The state of Punjab is emerging as one of the major litchi exporting destinations in India, as it started the fruit's supply to England from districts of Pathankot, Gurdaspur and Hoshiarpur in 2024. Last year in June, Punjab Horticulture Minister Chetan Singh Jouramajra flagged off the first consignment of 'litchi' from the state. Agricultural and Processed Food Products Export Development Authority (APEDA), in collaboration with the Horticulture Department, exported the first consignment. In an update, the minister had said that the production of litchi, cultivated over 3,250 hectares, will touch 13,000 metric tonnes.
 Source:  indiatvnews.com
May 14, 2025 News Image Initial India-Australia agricultural trade data shows that FTA has helped farmers.
While reciprocal tariffs announced by the US have upended the global trade, it is to the credit of the Government of India that it has been able to finalise the free trade agreement with the UK in just about four years of negotiations. The negotiations started in May, 2021 when the Prime Ministers of UK and India discussed 'Enhanced Trade Partnership' (ETP).
 Source:  moneycontrol.com
May 14, 2025 News Image Asia Pacific Basmati Rice Market Size, Share, Growth, Trends, And Forecasts Report, Segmented By Type, Category, Distribution Channel, And By Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC), Industry Analysis From 2025 to 2033.
The Asia Pacific basmati rice market size was valued at USD 9.36 billion in 2024 and is anticipated to reach USD 10.09 billion in 2025 from USD 18.36 billion by 2033, growing at a CAGR of 7.77% during the forecast period from 2025 to 2033. The Asia Pacific basmati rice market refers to the production, distribution, and consumption of long-grain aromatic rice that is indigenous to the Indian subcontinent and known for its distinct fragrance, elongation upon cooking, and delicate texture. This market includes both domestic consumption and international trade, with India and Pakistan being the largest exporters globally. The region's growing middle class, increasing disposable incomes, and rising global demand for ethnic foods have contributed to the sustained growth of this sector.
 Source:  marketdataforecast.com