Food Export

The Centre is aiming at nearly doubling seafood exports to USD 14 billion by 2025, a Union minister said on Wednesday. Seafood exports are showing a positive trend this fiscal with three per cent growth in volume, she said. "In 2021-22, the (seafood) exports figure was worth USD 7.76 billion, which was 17 per cent of our agriculture shipments. We have a target to achieve USD 14 billion by 2025," Union Minister of State for Commerce and Industry Anupriya Patel said. She was speaking here at the inauguration of the India International Seafood Show 2023. India's commitment towards safe and sustainable seafood production for export will lead the way for enhancing foreign direct investment, thereby contributing to the Make in India' initiative, Patel said. "We are also proceeding in a favourable manner with our Free Trade Agreements (FTAs) with different important-export destinations. "India, today, has become one of the most preferred and one of the very big seafood baskets for the w

FAO said that Russia's rejoining of the Black Sea Grain Initiative was a driving force in November, pushing global prices for wheat 2.8% lower

The continued decline offers some relief to households grappling with a cost-of-living crunch. The index is down for seventh month, its longest slump in 9 years, and food inflation has begun to slow

Rule applies for exports in five categories of items, says regulator FSSAI

The 5,000 kg consignment consisted of mini samosas, hot and spicy strips, momos, spring rolls, nuggets, and grilled patty, among other products

Shares of LT Foods, Kohinoor Foods, KRBL, Chaman Lal Setia Exports, for instance, have declined in the range of 2 per cent to 9 per cent, as against 0.4 per cent gain in the Nifty50 index.

The restrictions are threatening to ignite inflation for yet another key commodity, and may deprive some of the globe's poorest nations of a crucial element of their diet.

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

The price of rice variants has risen 6-20 per cent in major markets across the country due to drop in acreage, stoking fears of a 6-10 mt fall in kharif production this year, compared to last year

India's cabinet approved a policy to restrict wheat flour exports to calm prices in the local market, the government said in a statement

Russia has accused the United States of direct involvement in the Ukraine war, while the first ship carrying Ukrainian grain to world markets since Moscow's invasion is due to be inspected in Turkey

If Russia keeps to the deal it has signed with Ukraine allowing for the resumption of grain exports, much needed relief will be provided to importing countries, including many in Africa

In the season of mangoes and lychees from Bihar flooding the domestic markets and some of it lined up for exports, arsenic contamination through food trade remains a lesser discussed issue

UN Secretary-General Antonio Guterres HAS stressed the importance of reintegrating the food and fertilizer products from Ukraine and Russia into world markets.

Malaysian curbs on poultry exports are grinding into their fourth week. Singapore is a big customer and buys about 98% of live shipments

India suggested the WTO to permit exports of food grains from public stocks for international food aid and for humanitarian purposes, especially on government-to-government basis

India clarified that it has placed export restrictions on wheat to ensure that the countries in need are given priority and reiterated that it will help those facing food shortages because war

Russian President Vladimir Putin blamed the West for emerging global food and energy crises and repeated his government's offers of safe passage for ships exporting grain from Ukraine

European Commission President Ursula von der Leyen has said her institution was working hard on building "solidarity lanes" to facilitate food exports from Ukraine

Countries are restricting exports to cope with high prices that have been exacerbated by the war in Ukraine