Month: February 2023

Feb 28

Union Budget to give a boost to exports and manufacturing

In a major push to LGD (lab grown diamonds) manufacturing, duty on LGD seeds reduced from 5% to 0%; research grant of Rs. 242 crore to IIT Madras approved Custom duty on imitation jewellery enhanced from 20% to 25%; move to discourage cheap imports from China and encourage domestic manufacturing Import duty of fish meal reduced from 15% to 5% ; move will make shrimp industry more competitive Measures to enhance business activities in GIFT IFSC will promote India’s financial Read Full Details…

Feb 28

Agricultural and Process Food Export Development Authority (APEDA) participates in 28th edition of Gulfood 2023

Agricultural and Process Food Export Development Authority (APEDA) is participating in the 28th edition of Gulfood 2023 being held in UAE. In order to augment trade, India has been participating in GULFOOD which is a platform that connects food and beverage sectors around the globe, providing ample of opportunities to Indian exporters. Over the years APEDA has participated in Gulfood and brought a strong contingent of suppliers from Indian diaspora. In an area of appx 600 sq. mtr, more than Read Full Details…

Feb 28

Record Potato production puts Bengal Growers in deep distress

Tens of thousands of potato growers in Bengal are in deep financial distress since the beginning of this year with traders forcing procurement prices to drop below Rs. 200 per quintal or around Rs.1.90 per kilogram. West Bengal and Uttar Pradesh have witnessed record potato production this year. The trade has choked the off-take forcing producers to sell potatoes at throwaway prices. Bengal farmers are the worst hit. Ironically, the average retail market price of potato across the country is Read Full Details…

Feb 28

Trade-boosting North America Roadshow visits 12 UK cities in 12 days

Department for Business and Trade kicks off North America Roadshow, visiting 12 cities across the UK to promote business opportunities in the US and Canada. A trade-boosting roadshow will visit 12 UK cities in 12 days to help British businesses up and down the country increase their exports to North America. Organised by the Department for Business and Trade, the events will include a series of presentations and interactive sessions run by trade experts and sector specialists, including His Majesty’s Read Full Details…

Feb 28

Steady demand for white and red cabbage in food retail, sluggish export market

In the northern German growing region of Dithmarschen, the marketing of stored carrots is currently proceeding slowly. “The raw material is relatively expensive with mostly stable prices. In general, sales are a bit down, which may be partly due to the abundant supply situation. Domestic carrots are currently still offered in a wide range of varieties, whether bunch, snack, mixed or organic carrots, which is why the market is also somewhat saturated, in my view. We have been observing this Read Full Details…