Economic think tank GTRI on Saturday cautioned that allowing genetically modified (GM) farm products from the US under the proposed trade pact would have implications for India as it may affect the country's agri exports to regions like the European Union. India and the US are negotiating an interim trade pact, which is expected to be announced before July 9. The Global Trade Research Initiative (GTRI) said that allowing the import of GM products such as soybean meal and distillers dried grains with solubles (DDGS) for animal feed would affect India's agricultural exports to the European Union (EU), a key destination for Indian exporters. DDGS is a by-product made during ethanol production, usually from corn or other grains. The EU has strict GM labelling rules and strong consumer resistance to GM-linked products. Even though GM feed is permitted, many European buyers prefer fully GM-free supply chains. India's fragmented agri-logistics and lack of segregation infrastructure make
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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 ...
The government on Tuesday extended the last date for the export of broken rice in transit till September 30. It was earlier allowed till September 15. The government had banned exports of broken rice on September 8. "Export of consignments of broken rice...as permissible under notification dated September 8 has been extended till September 30, 2022," the directorate general of foreign trade said in a notification. September 8 notification had stated that during the period September 9-15, certain consignments of broken rice will be allowed to be exported.
Prices of rice exported from India held firm near their highest level in more than a year this week as demand from neighbouring Bangladesh remained strong
Food and Consumer Affairs Minister Piyush Goyal stressed the need for boosting India's outward shipments to be among top-5 nations in farm exports
EU stockists build inventory ahead of tighter quality norms