Centre bans exports of non-basmati rice to check local prices

The Centre has prohibited the export of non-basmati rice to curb price rise in the domestic market, the food department said in a statement. Retail prices of non-basmati rice have increased 3% in the past one month and 11.5% in the past year despite the imposition of 20% export duty since September 2022 to lower […]

India and Germany are looking to strengthen bilateral cooperation and increase investments and collaboration, according to Robert Habeck, Germany’s Vice Chancellor and Minister of Economic Affairs and Climate Action. While China remains Germany’s biggest trading partner, there is concern about being too reliant on a single market, and Habeck said de-risking and diversification is important. […]

Oilmeal exports from India fell by 35% in June to 280,001 tonnes due to decreased demand for rapeseed meals from overseas. However, exports of oilmeals increased by 19% to 1,210,045 tonnes from April to June compared to the same period last year. Soybean meal exports rose significantly to 364,611 tonnes in Q1 2023-24, while rapeseed […]

“India said that the strongest evidence supporting the necessity of public stockholding was in its own actions during the pandemic, when it mobilised its food stocks and provided food to 80 million people in 18 months’ span,” said a Geneva-based official.

With the increasing global economic uncertainties, the commerce ministry is looking at fixing this fiscal year’s export target in a range instead of a single figure, an official said. To set the target range, a detailed study on 200 countries and 31 commodity groups is in the process, the official said.

India and the US have informed the World Trade Organization (WTO) on the mutual resolution all the six trade disputes, in line with the commitment they made last month. In five separate notifications to the WTO on Tuesday, they asked the multilateral trade watchdog to terminate these disputes. The US and India had initiated three […]

The fair will also include theme areas highlighting GI clusters & hubs, Live demonstration of GI products, Knowledge seminar on Introduction to Export Business, and Unlocking Packaging Convenience for Export Target Markets.

As arhar dal prices rule between Rs 150-200/kg, restaurants and canteens have shifted to using masoor dal (red and yellow lentils) to replace arhar partially or fully to prepare dal and sambar. When eating dal or sambar at a restaurant, the chances are high that it is made either fully or partially using masoor dal […]

While the legal scrubbing of the Supply Chain Agreement – which was finalised in May – is on, discussions are moving fast on the clean economy and fair economy pillars, said people aware of the matter. The fourth round of IPEF negotiations took place from July 9-15 in South Korea. India is yet to take […]

India and the US have mutually resolved all six trade disputes pending at the World Trade Organisation (WTO), in line with the commitment made by the two countries during the US visit of Prime Minister Narendra Modi last month, an official said. The official said that both countries have informed the WTO’s dispute settlement body […]