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…

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…

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…

USD 523.8 million worth of onions exported from April to December 2022

NEW DELHI : USD 523.8 million worth of onions was exported from April to December 2022. Government has not restricted or prohibited the export of onion. The extant export policy of onions is ‘Free’. Only the export of onion seed is ‘Restricted’ and that too is permitted under Authorisation from DGFT. DGFT vide Notification No. 50 dt. 28.12.2020 amended export policy of Onion (of all varieties) in cut, sliced or broken in powder form and Bangalore Rose onions and Krishnapuram Read Full Details…

DGFT Exempts Cashew EoUs & SEZ Units from Minimum Import Price Requirement, Upsets Industry

Government has amended the raw cashew nut import policy to exempt export-oriented units and processing units operating from Special Economic Zones (SEZ) from the minimum import price (MIP) requirement. In response, the industry stated that the policy change would be detrimental to domestic players because it would allow cheaper imports. In a notification issued on few days ago, the Director-General of Foreign Trade (DGFT) stated that the MIP on cashew kernel brokens and whole nuts will not be applicable for Read Full Details…

Japan’s clothing imports up 21.6% to 308,847 mn yen in Jan 2023

Japan’s clothing and accessories imports increased by 21.6 per cent to 308,847 million yen (approximately $2,301.96 million) in January 2023, accounting for 3.1 per cent of the total imports of 10,047,783 million yen during the period under review, according to the provisional trade statistics released by the Far Eastern country’s ministry of finance.The imports of textile yarn and fabric were valued at 101,826 million yen in January 2023, a 5.6 per cent increase from the same period last year. Yarn Read Full Details…

Qatar lifts ban on frozen seafood from India

Qatar has lifted its temporary ban on the import of frozen seafood from India, paving the way for enhanced export and improved bilateral relations with the West Asian country. Qatar has lifted its temporary ban on the import of frozen seafood from India, paving the way for enhanced export and improved bilateral relations with the West Asian country, the Ministry of Commerce and Industry said in a statement. Source : currentaffairs.adda247.com/ For More Details

China’s taking control of LNG as global demand booms

A rush by China to sign new long-term liquefied natural gas (LNG) deals promises to give the nation even more control over the global market at a time when competition for cargoes is booming. Chinese companies are sealing the most LNG purchase agreements of any nation and increasingly are becoming the sector’s key import intermediary. The Chinese buyers are reselling many of the cargoes to the highest bidders in Europe and Asia, effectively taking charge over a hefty chunk of Read Full Details…

Commercial Flower Power: How the Global Flower Trade Continues to Blossom

Roses are red, violets are blue… and the flower industry makes a lot of green. Chances are, you just picked up a beautiful bouquet for a very special someone earlier this week (or, better yet, a very special someone just picked up a bouquet for you). Along with heart-shaped chocolates and absurdly large teddy bears, Valentine’s Day is primetime for sweethearts to buy each other a dozen roses. The holiday is the floriculture industry’s super bowl, a day in which Read Full Details…

Ragi to riches: India’s new millet campaign is about how the grain is good for people and planet

India has globally relaunched an old and failed brand — the millet. Called mota anaj (big grain), millet has been looked down upon as a coarse grain while wheat and rice have occupied pride of place as fine grains. New Delhi’s campaign to make millet a global brand has got a push with the United Nations accepting India’s proposal to declare 2023 as the International Year of Millets. The cereal has been gaining traction among the health-conscious in India and Read Full Details…