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Apr 22, 2025 News Image India's oilmeal export up 3% on year in March.
The Solvent Extractors Association of India (SEA) has come out with the export data for export of oilmeals for the month of March, 2025 provisionally reported at 409,148 tons compared to 395,382 tons in March, 2024 i.e. up by 3%. The overall export of oilmeals during Apr.24 to Mar.25 in term of quantity reported at 4,342,498 tons compared to 4,885,437 tons during the same period of last year i.e. down by 11%, mainly due to reduction in export of rapeseed meal & castorseed meal and in term of Free on board (FOB) Value decreased to Rs.12171.0 crores from Rs. 15368.0 crores, down by 21%.
 Source:  business-standard.com
Apr 22, 2025 News Image Indian rice trade wants export price to Bangladesh increased.
The interim government in Bangladesh has allowed exports of aroma rice after a year-and-a-half, leading to a section of Indian exporters demanding that New Delhi hike it rice shipment prices to Dhaka. 'After 7 years, the Bangladesh government has given a quota to export its special rice variety, which could affect Indian speciality rice varieties such as Sona Masuri, Jeera Kasala and premium non-Basmati rice,' said a New Delhi-based exporter.
 Source:  thehindubusinessline.com
Apr 22, 2025 News Image India should restore soybean exports to US in bilateral trade talks: SEA.
India should prioritise reviving exports of organic non-GMO soybean and soybean meal to the United States during ongoing Bilateral Trade Agreement (BTA) negotiations, industry body Solvent Extractors Association (SEA) said on Monday. India previously exported 150,000-200,000 tonnes of organic, non-GMO soybean products to the US before safeguard duties imposed after opposition from domestic US producers effectively halted this trade, according to SEA.
 Source:  business-standard.com
Apr 22, 2025 News Image India’s Economic Vision: Nirmala Sitharaman On Trade, Growth & Global Leadership | Hoover Institute.
Join Finance Minister Nirmala Sitharaman as she delivers a powerful keynote at Stanford’s Hoover Institute, outlining India’s economic roadmap and trade ambitions. From fostering entrepreneurship and transparency in governance to strengthening India-US trade ties targeting $500 billion by 2030, this speech unpacks India’s strategy to lead global growth amidst uncertainties. Learn about fiscal discipline, start-up support, and India’s role as an economic engine. The minister also harnesses the power of the Indian diaspora in the US to further trade ties between the two countries.
 Source:  businesstoday.in
Apr 22, 2025 News Image China says it's ready to open market to import more Indian goods, urges 'non-discriminatory' stance for its firms.
As global trade tensions simmer, a new chapter may unfold in the India-China relationship. Despite the growing trade imbalance—India’s deficit with China hitting a staggering $99.2 billion—Beijing is reaching out for greater economic collaboration. In an exclusive interview with The Times of India, Chinese Ambassador Xu Feihong shared Beijing’s intent to welcome more premium Indian goods and help Indian businesses tap into China’s massive consumer market.
 Source:  economictimes.indiatimes.com
Apr 22, 2025 News Image Vegetable clusters near cities soon, government invites EOI to select implementing agency.
The National Horticulture Board (NHB) has released revised composite guidelines of the Cluster Development Programme to address challenges such as high post-harvest losses, inadequate supply chain infrastructure, and price fluctuations in domestic markets. It has also invited an expression of interest (EoI) to appoint implementing agencies for the cluster development programme.
 Source:  thehindubusinessline.com
Apr 22, 2025 News Image Vance and Modi are likely to discuss a potential US-India trade deal. Here's what to know.
U.S. Vice President JD Vance began a four-day visit to India on Monday as the two countries seek to unlock economic opportunities and negotiate a bilateral trade deal. Vance will meet Prime Minister Narendra Modi in New Delhi for talks on the economy, trade and geopolitical ties. Vance's visit is seen as an important diplomatic mission by President Donald Trump's administration, and it coincides with a rapidly intensifying trade war between Washington and Beijing, which is New Delhi's main rival in the region.
 Source:  economictimes.indiatimes.com
Apr 22, 2025 News Image India actively engaging with US; hopes to sign first phase of bilateral pact by Oct: FM.
Finance Minister Nirmala Sitharaman on Sunday said India is 'actively engaging' with the new US administration and hopes to conclude the first tranche of the bilateral trade agreement 'positively' by fall (September-October) this year. 'We are one of the countries which is actively engaged with the new administration of the United States of America to see how best we can get a bilateral trade agreement done,' she said during an interaction with the Indian diaspora here.
 Source:  m.economictimes.com
Apr 21, 2025 News Image Iran, India set to expand agricultural trade ties beyond $1b.
The ministers reviewed previous agreements and reaffirmed their countries’ longstanding cultural, historical, and economic ties. Nouri Ghezeljeh expressed appreciation for India’s support in facilitating Iran’s membership in BRICS and noted that bilateral cooperation is entering a new phase.?
 Source:  tehrantimes.com
Apr 21, 2025 News Image India, US push ahead on $500-billion trade pact target; Delhi team to visit Washington for key talks next week: Sources.
In a significant step toward deepening economic ties, India and the United States have finalised the Terms of Reference (ToRs) for a proposed bilateral trade agreement (BTA) that covers around 19 chapters, including goods, services, customs facilitation, and investments. Official sources said the negotiations are set to gain momentum with a high-level Indian delegation visiting Washington next week, reported PTI.
 Source:  timesofindia.indiatimes.com