Export Information

Investment in food processing to surpass Rs 65,000 crore: Food processing minister

Already Rs 65,000 crore private investment has been committed in the food processing sector and more is expected during the mega global food event to begin from November 3, the government said today. Of the total, more than 40 per cent of the investment has been committed by domestic players like ITCBSE -1.26 %, it […]

read more

Basmati exporters reap rich dividends

Thanks to high basmati prices in the overseas market, exporters have registered a better realisation in the first six months of the current fiscal as compared to the previous year. While the export of basmati has risen marginally by 3% during the period, the realisation was 26% more per tonne in dollar terms in the […]

read more

3.3% hike in cane price for SY2017-18 to support profitability of integrated UP-based sugar mills: ICRA

The recent Rs. 10/quintal increase in the Uttar Pradesh (UP) Government’s state advised price (SAP) for sugarcane for the season sugar year, SY2017-18 is likely to result in an increase in the cost of production by around Rs. 800 – 1,000/MT of sugar. While this may result in some moderation in operating margins going forward, […]

read more

Odisha to set up six food and seafood parks

After commissioning of first mega food park at Rayagada with support from the Centre, Odisha government is planning to set up at least six more food and seafood parks for harnessing the potential of the food processing sector.  At present the state government is in the process of setting up seafood park at Deras, Rice […]

read more

E-Way Bill off to a smooth start in Karnataka

Tasting success in the first phase of the roll out of the E-Way Bill under the Goods and Services Tax (GST) in Karnataka, tax authorities are likely to expand it to more States this month. The first phase of the pilot project of the E-Way Bill has been very good. The next phase will start […]

read more

Deadline for GSTR-2, 3 of July extended to Nov 30

Hoping to make compliance easier for businesses under the Goods and Services Tax regime, the government has extended the deadline for GSTR-2 and 3 for the month of July. The Finance Ministry on Monday said that the last date for filing GSTR-2 for July has been shifted to November 30 from the earlier deadline of […]

read more

Coffee industry seeks review of GST

The coffee industry has sought a review of the GST rates on instant coffee and the curing process, while stating that such high rates would hurt consumption and, eventually, growers’ realisations. Coffee growers are under pressure as the volatile trend in global prices, which directly influence local prices, has already kept their realisations in check. […]

read more

100,000 tons of parboiled rice to come from India in January

The government has decided to import 100,000 tons of parboiled rice from India to meet the growing domestic demand created by crop losses in recent floods. The cabinet committee on public purchase approved the purchase on Wednesday A Food Ministry official said Bangladesh will buy that total amount of rice at a cost of Tk […]

read more

Uttar Pradesh raises 2017/18 cane price by 3.3%

Indias biggest sugar producing State has raised the price mills must pay for the new crop by 3.3 per cent, a state government source said on Friday. Uttar Pradesh raised the cane price to Rs. 315 ($4.85) a 100 kg for the crop year that began this month, up from Rs. 305 in the previous […]

read more

Spices industry to see good growth by 2020

Spices will emerge as $18 billion industry by 2020, according to K Nirmal Babu, Director of the Kozhikode-based Indian Institute of Spices Research (IISR). Speaking at the inauguration of the three-day science special lecture series programme on ‘Recent trends in botanical sciences’, jointly organised by the Department of Applied Botany of Mangalore University and the […]

read more