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India rice exports surge to record on Bangladesh’s strong import appetite

India’s rice exports likely jumped 22 per cent in 2017 to a record 12.3 million tonnes as neighbouring Bangladesh ramped up purchases after flooding hit its crops, industry officials told Reuters. The boost in shipments from the world’s top exporter of the grain is set to extend into 2018 as Bangladesh and Sri Lanka continue […]

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Budget must focus on farm exports: Crop Care chief

The Crop Care Federation of India has urged the Centre to focus on increasing the country’s agriculture exports by facilitating and providing specific incentives rather than allocating funds to boost production. In the last four years, agriculture exports have fallen 18 per cent to $32 billion in FY17 from $39 billion in FY14. In contrast, […]

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‘Cold storage units must be technically upgraded’

India has to upgrade the existing cold storage units technically, enhance storage capacity and create cold chain facilities to cut post-harvest losses and ensure a better return to farmers, according to experts in the field. They were speaking here on Wednesday at a one-day seminar on refrigeration and cold chain technology organised by the Indian […]

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Crop insurance scheme likely to get Rs 13,000 crore in FY19 budget

The government is likely to increase the budget allocation for the Pradhan Mantri Fasal Bima Yojana (PMFBY) to Rs 13,000 crore for 2018-19 from Rs 10,701 crore for the current financial year, sources said. The Union Budget for 2018-19 will be presented on February 1. Under the upgraded crop insurance scheme PMFBY, launched early 2016, […]

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World Bank says India has huge potential, projects 7.3 pct growth in 2018

With an ambitious government undertaking comprehensive reforms, India has enormous growth potential compared to other emerging economies, the World Bank said today, as it projected country’s growth rate to 7.3 per cent in 2018 and 7.5 for the next two years. India, despite initial setbacks from demonetisation and Goods and Services Tax (GST), is estimated […]

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Food & public distribution dept meets ISMA to discuss sugar price fall

A meeting was held by the Department of Food and Public Distribution, Ministry of Consumer Affairs, Food and Public Distribution, government of India, with the Indian Sugar Mills Association (ISMA) and the National Federation of Cooperative Sugar Factories Ltd (NFCSF) recently to discuss the falling prices of sugar in the country. Although they have fallen […]

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Floor price on pepper imports seen hurting spices EoUs

Spices exporters are keeping their fingers crossed over the recent Directorate-General of Foreign Trade (DGFT) notification on fixing a minimum import price for pepper. The decision, according to them, will not only hit the operations of 100 per cent Export Oriented Units (EoUs) but also block the entry of pepper in all forms. The December […]

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PM Narendra Modi to meet economists, sectoral experts on January 10

With about three weeks left for Union Budget 2018-19, Prime Minister Narendra Modi will meet leading economists and sectoral experts at Niti Aayog on January 10 to deliberate on steps which could be taken to boost growth and generate employment. The meeting, according to a senior government official, will be attended by vice chairman and […]

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Rice, guar gum lead 11% farm goods export surge in April-Nov

Maintaining the growth momentum, farm products in the Agricultural and Processed Food Products Export Development Authority’s (Apeda) export basket have clocked an increase of 11 per cent in rupee terms and 15 per cent in dollar terms for the April-November period this fiscal. The growth is led by a surge in shipments of non-basmati and […]

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Initiatives by Dubai Exports boosting food trade with India

Bilateral trade between India and Dubai has received a shot in the arm after Dubai’s Department of Economic Development launched a programme early this year to allow commercial disputes between the trading entities of the two countries to be resolved quickly at minimal costs. The initiative was the brainchild of Dubai Exports, the trade promotion […]

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