Category Archives: Market news

Lesser produce of mangoes, but exporters eye newer destinations, more varieties

May 20th, 2018 | APTSO EXPORTS™ | Tags: ,

In a bid to boost export of mangoes by around 25 per cent, traders are exploring options of exporting varieties other than Alphonsoes to newer markets. Italy and Philippines are emerging as new destinations for exported mangoes, though the domestic price of the fruit remains high due to lesser produce this year. Sunil Pawar, managing director of the Maharashtra State Agricultural Produce Marketing Board (MSAMB), said many farmers’ organisations have started exploring export options for varieties like Kesar, which grows abundantly in Nashik and in parts of Marathwada. We are […]

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Need to recognize traditional skills for economic growth

Skill Development & Entrepreneurship Minister Dharmendra Pradhan on Monday emphasised on recognising the traditional skill for economic development of the country. Addressing the inaugural session, of the ‘Odisha Skill Conclave, Dharmendra Pradhan said that all traditional skills need to be formally recognized under Skill Development and proper training needs to be imparted in these work-of-art translating into the further economic growth. Skill development is a national dialogue and there have been isolated efforts to promote skill development in the State thus far; but it is our endeavour now to join […]

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Merchant exporters may receive Govt incentives

Slow growth in India’s exports has prompted the government to promote merchant exporters, who contribute almost a third of India’s exports in value terms but can’t avail of some incentives meant for manufacturer exporters. Merchant exporters do not own manufacturing facilities but buy goods from manufacturers here and sell to overseas customers. They have the flexibility to procure goods from many sellers and sell them after negotiating the best prices to foreign buyers They are usually able to negotiate prices with buyers, sellers and shipping lines which are better than […]

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India-Vietnam: A Comprehensive Strategic Partnership Emerges

South Asia is currently witnessing a rapid growth spurt, with a resurgence in investor interest despite the occasional geopolitical foible. India and Vietnam hold key positions in this region – on both trade and commerce as well as understanding on political and security issues. As a member of the Association of Southeast Asian Nations (ASEAN), Vietnam is an important enabler for India’s growing trade and investment ties with the rest of Southeast Asia – the focus of India’s ‘Act East’ Policy. In 2017, India and Vietnam celebrated 45 years since […]

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Basmati regains top slot in agri products exports

After three years, basmati has regained the top slot in the exports of agri and processed food category in 2017-18, surpassing buffalo meat. During the year, basmati contributed 22.60% to the country’s total agricultural and processed food products’ exports (value-wise), followed by buffalo meat (21.86%). Buffalo meat has been the highest agri-related export item from India for three consecutive years i.e in 2014-15, 2015-16 and 2016-17. In 2013-14, basmati was the top agri export item from the country. According to Agricultural and Processed Food Products Export Development Authority’s (APEDA) provisional […]

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Khasi Mandarin Oranges Likely To Be Exported To 8 Countries

Khasi Mandarin, the unique variety of orange produced in Meghalaya, may soon go global with India signing a deal for agricultural and horticultural exports. India signed the deals with eight countries — the US, Canada, Chile, Ecuador, South Korea, Malaysia, Taiwan and Iran. It is scouting for more markets as it seeks to liberalise trade in farm products and expand its exports. Orange is a major horticulture crop in Meghalaya with an estimated area of over 10,000 hectares under this crop and production of about 50,000 metric tonne (MT) annually. […]

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Foodgrain production to be 284 MT in 2018-19: Govt

April 27th, 2018 | APTSO EXPORTS™ | Tags: ,

In the backdrop of prediction of a normal monsoon this year and buoyed with the bumper production in last two years, the government on Wednesday said the total food production in 2018-19 will be a record 283.7 million tonnes, including 113 million tonnes of rice. Addressing officials from the states during annual kharif conference here, Union Agriculture Minister Radha Mohan Singh said the good monsoon has indicated a good kharif season this year. Total foodgrain production in the country is estimated at 277.49 million tonnes this year, which means there […]

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Centre targets a new high in foodgrains output this year

April 26th, 2018 | APTSO EXPORTS™ | Tags:

The Union government has set a foodgrain output target of 283.7 million tonnes (mt) during 2018-19, in the backdrop of forecasts of a favourable monsoon. The target is nearly 6 mt, 2 per cent, more than the estimated production of 277.5 mt in the last crop year (July-June). The targets set for rice and wheat are 113 mt and 100 mt respectively, which are 2 mt and 3 mt more than the production in 2017-18 as per the second advance production estimates, said Agriculture Commissioner SK Malhotra, while addressing a […]

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Odisha agri dept, Icrisat launch Bhoochetana, a farm-support initiative

Bhoochetana, an initiative that transformed lives of several million farmers in Karnataka, was recently launched in Odisha. The department of agriculture, Government of Odisha, and the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) joined hands and signed a Memorandum of Agreement to potentially benefit 4.35 million farmers in the state. The three-year agreement is set to reach 6.1 million ha of farmland in 30 districts of Odisha through a science-led development approach. Bhoochetana, meaning revival of the land, involves soil health mapping, nutrient recommendations and support to farmers. […]

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India, Mauritius conclude second round of talks for FTA

April 23rd, 2018 | APTSO EXPORTS™ | Tags: ,

India and Mauritius today concluded the second round of negotiations for the proposed free trade agreement (FTA), aimed at boosting bilateral trade and investments. The three-day talks for Comprehensive Economic Cooperation and Partnership Agreement (CECPA) started here on Tuesday, a government official said. During the deliberations, trade in goods, services besides economic cooperation were discussed. In an FTA, two trading partners cut or eliminate duties on majority of goods besides liberalising norms to promote services trade and boost investments. According to experts, India may not get huge benefit in goods […]

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