Recent policy changes like adjusting agri export prices and import duties will benefit producers. But consistent, well-thought interventions remain crucial for market development and price stability
Prime Minister Narendra Modi on Saturday lauded recent changes in agricultural export policies, stating that easing export norms on basmati rice and onions, and increasing import duties on some edible oils will boost farmers' incomes and create rural jobs. On Friday, the government scrapped a USD 950 per tonne minimum export price (MEP) for basmati rice and removed a USD 550 per tonne MEP on onions, according to government statements. The government on Saturday raised import duty on crude palm oil to 20 per cent and on refined sunflower oil to 32.5 per cent, aiming to support domestic oilseed farmers and processors. In a post on X, Modi said the government is leaving no stone unturned to support farmers who work tirelessly for the country's food security. "Whether it is reducing the export duty on onions or increasing the import duty on edible oils, many such decisions are going to greatly benefit our food producers. While these will increase their income, employment opportunities
The Centre on Saturday said it has allowed exports of 99,500 tonnes of onions, mainly sourced from Maharashtra, to six neighbouring countries despite the ban on shipments. The Centre has also allowed exports of 2,000 tonnes of white onion cultivated, especially, for export markets in the Middle East and some European countries. On December 8, 2023, the government banned export of onions. In an official statement, the Ministry of Consumer Affairs, Food & Public Distribution said the government has "allowed export of 99,150 tonnes of onion to six neighbouring countries of Bangladesh, UAE, Bhutan, Bahrain, Mauritius and Sri Lanka". The export prohibition has been imposed to ensure adequate domestic availability against the backdrop of estimated lower Kharif and Rabi crops in 2023-24 compared to the previous year. The ban was imposed amid an increase in demand in the international market, it added. The National Cooperative Exports Limited (NCEL), the agency for the export of onion to
The country is estimated to have harvested 355.35 million tonnes of horticulture crops in the 2022-23 crop year, about 8.07 million tonnes more than the previous year, as per agriculture ministry data released on Thursday. The ministry has come out with the third production estimate after the harvesting of the 2022-23 horticulture crops. Agriculture Minister Arjun Munda said despite challenges surrounding climate change, horticulture production has gone up, thanks to efforts of farmers and agri-scientists. As per the third estimate released by the ministry, total production of horticulture crops has increased 2.32 per cent (8.07 million tonne) to 355.25 million tonnes in the 2022-23 crop year -- July-June -- from 347.18 million tonnes in the previous year. Of the total horticulture production, fruits production rose to 109.53 million tonne in 2022-23 from 107.51 million tonne in the previous year. Vegetable production, too, increased to 213.88 million tonnes in 2022-23 from 209.14
India usually exports around 250,000 to 300,000 metric tons of corn every month but in December its exports fell to around 30,000 tons
India's agriculture exports, which stood at over USD 50 billion at present, are expected to double by 2030 and reach USD 100 billion, Commerce Secretary Sunil Barthwal said on Monday. He said that the country is targeting USD 2 trillion worth of exports of goods and services by 2030. "I am very sure that this USD 50 billion exports of India today will see a doubling of our exports by 2030 to almost USD 100 billion," he said at the IndusFood Show 2024 here. This is the largest food and beverage show in South Asia. The secretary said that areas like the ready-to-eat food segment have huge potential to grow. He also urged the industry to focus on the technical standard requirements of importing countries. Inaugurating the show, Commerce and Industry Minister Piyush Goyal said that this fiscal year, the country's agri exports will be more than last year's level of USD 53 billion, despite restrictions imposed on shipments of certain key commodities, including rice, wheat and ...
These restrictions are likely to cause a shortfall of about $4 billion to $5 billion this year, Reuters reported last month.
Countries, including the United States, European Union, Canada, Australia, Switzerland, and New Zealand, are seeking clarity on the expiry dates of India's export restrictions and duties
The exporters expect to sign deals for selling a wide range of products including tea, sugar, coffee, dairy, meat, and marine products, the official said
Nationalist Congress Party chief and former Union agriculture minister Sharad Pawar has slammed the Narendra Modi government at the Centre for not doing enough to remove hurdles in the export of fruits and vegetables. He was speaking to the media at an event in Sanpada in Navi Mumbai on Saturday. The Centre is not paying attention to issues being faced in the export of fruits and vegetables, which was distressing farmers, especially those growing onion, a crop that needs to be exported in order to fetch a good price domestically, Pawar said. He also flagged the increase in land acquisition for infrastructure projects like highways and expressways, rail routes and airports, all of which he claimed also put load on the agriculture sector. "The Centre must provide support for the modernisation of agriculture. The production of fruits and vegetables is on the rise but there are hurdles in its export, which the Centre is not paying attention to," he added.
The Jammu and Kashmir administration Thursday constituted an expert committee to frame a comprehensive export promotion policy to identify agricultural commodities in the Union Territory that can be exported. The main objective of the policy is to increase annual agricultural exports from Rs 190 crore currently to Rs 3,000 crore over the next five years, a senior officer said. "The primary assignment of the committee would be to develop commodity-specific export promotion recommendations which shall include strategic and operational aspects of the export and shall provide all necessary technical inputs to the agriculture production department within one month for finalization and implementation on the ground," he said. The policy would promote the brand "Jammu and Kashmir" for its pristine agro-climatic conditions, uniqueness and near-organic quality, the officer said. It would aim to bring a paradigm shift in the approach from mere harvesting and selling of produce at the local le
The ban on export of broken rice and duty on outbound shipment of non-basmasti/non-paraboiled rice will boost local supplies and ease pressure on the domestic prices, a senior government official said on Thursday. As per the data maintained by the Ministry of Consumer Affairs, the wholesale prices have risen by 10.7 per cent to Rs 3,357.2 per quintal as on September 14 from Rs 3,047.32 per quintal a year ago. The retail prices have gone up by 9.47 per cent to Rs 38.15 per kg from Rs 34.85 per kg. Animal feed prices too have increased. Maize price rose from Rs 19 per kg on January 1, 2022 to Rs 24 per kg on September 8, 2022. Broken rice price has also increased from Rs 16 per kg to Rs 22 per kg during the same period. The local prices have come under pressure following the likely drop in rice output by 6-7 million tonnes in the ongoing kharif season of 2022-23 crop year (July-June) despite enough stocks in the government godowns. "The local rice price have begun to stabilise after
Analysts had warned that Russia was moving troops and equipment in the direction of the southern port cities to stave off a Ukrainian counteroffensive
Sugar production in the current year now estimated at more than 36 MT, against expectation of 35 MT
Actual agriculture exports in FY22 were $47.41 billion, up almost 19% over FY21. This was among the highest ever agriculture exports in value terms by India
The country's exports of agricultural products increased 23.21 per cent to USD 31.05 billion in April-November 2021 and is expected to cross USD 50 billion for the "first time" this fiscal
More than 700 farmers and exporters attended the conference, where APEDA Chairman, Dr M Angamuthu spoke about the initiatives taken for boosting exports from Purvanchal region
Exports of agricultural and processed food products rose by 14.7% to $11.65 billion during the April-October period on the back of healthy growth in commodities
India accounts for only 2.5 per cent of the global agriculture exports, and there is an opportunity to double it in the medium term and improve the economics of the sector, ITC Chairman Sanjiv Puri
India's soybean meal exports grew two-and-a-half times to 5.99 lakh tonnes during the first quarter of current oil marketing year