Food Export

Centre aims at almost doubling seafood exports to $14 billion by 2025

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

Food prices fall slightly in Nov as Russia-Ukraine grain exports stabilize

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

Food prices at 9-month low as slow staples demand offset war disruptions

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

Foreign food manufacturers have to register in India for some exports

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

India's first plant-based meat shipped to the US from Gujarat: Report

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

Export ban, duties to weigh on rice mill stocks in near-term, say analysts

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.

Global food supply faces turmoil with rice set to climb: Reports

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.

India's rice export rates hit one-year peak on high demand from Bangladesh

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

Centre imposes 20% export duty on non-Basmati rice from September 9

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

Centre restricts wheat flour exports to stabilise soaring local prices

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 accuses the US of direct role in Ukraine war, missile attacks

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

Russia-Ukraine grain export deal promises major benefits for poor countries

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

Need to monitor arsenic contamination in lychee, mango trade: Experts

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

Guterres urges restoring food, fertiliser from Ukraine, Russia into markets

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

Malaysia's ban on chicken exports signals deepening food protectionism

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

WTO should allow food exports from public stock to help countries: Goyal

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

Food export restrictions to give priority to 'vulnerable countries': Centre

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

Vladimir Putin blames West for food, energy crises amid Ukraine 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

EU says working hard to facilitate food exports from war-hit 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

Rising global food protectionism amid Ukraine war risks worsening inflation

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