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India 2nd largest exporter of herbal meds after China

December 9th, 2017 | APTSO EXPORTS™ | Tags:

For the first time ever, luminaries from across the world met in Delhi to discuss the strengthening and scientific validation of traditional systems of medicine. The four-day event — International Arogya 2017 — is hosting 1,500 delegates from across 60 countries. India is the world’s second largest exporter of medicinal plants after China and both countries together produce more than 70 per cent of the total global demand for herbal products, a whitepaper launched at the event notes. The event will see discussions around Ayurveda, Yoga, Unani, Siddha, Homeopathy (AYUSH), […]

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‘The mega food park at Una will be inaugurated next year’

December 9th, 2017 | APTSO EXPORTS™ | Tags:

The first mega food park at Una, Himachal Pradesh, is to be inaugurated early next year, said the directors of project management consultants, NAPL. NAPL, which is helping Cremica establish the food park in Una, said that the total project cost has worked out to Rs. 99.70 crore. An investment of another Rs. 150 to 200 crore can be expected from the 3–4 companies that have evinced interest in setting up their food processing units in the park, Ritwik Bahuguna and A P Sinha, Directors, NAPL told BusinessLine. Stating that […]

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Government to prepare detailed research report to promote exports

The commerce ministry would prepare a detailed report based on market research to promote exports to ten geographies including East Africa and Latin America, a senior official said. The issue was discussed during a meeting between Commerce and Industry Minister Suresh Prabhu and senior Exim Bank officials. What we are doing is prepare a complete detail market research. Exim Bank itself will not do, the ministry official said. The Export-Import Bank of India (Exim Bank) would do the macro analysis and specifics will be done by some expert consultants. Recently, […]

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Gram sowing up on hope of better prices

Reacting to relatively better price realisation as compared to other varieties of pulses, farmers had till last week planted gram (chana) on around 1.3 million hectares, around 14 per cent more than in the same period last year. Trade sources said some shift in acreage towards gram might also happen from mustard, as oilseed rates had plummeted in the kharif harvest season due to stock overhang and less demand. How much area finally gets shifted will depend on how prices move after the recent decision to double the import duties […]

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At 390 lakh ha, rabi planting inching close to last year’s level

Crop sowing during the current rabi season is inching closer to the acreage covered last year with the shortfall being 1.5 per cent compared to the corresponding period last year, according to sowing data released by the Agriculture Ministry on Friday. Farmers across the country have so far covered close to 390 lakh hectares (lh) against 396 lakh ha in the same period the previous rabi season. Wheat area trails Wheat sowing is in a bit of a bother, however. The area under wheat, at 156.8 lh, is 7.5 per […]

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Suresh Prabhu supports talks on India-EU free-trade deal

Union commerce and industry minister Suresh Prabhu on Saturday said he was in support of the India-European Union (EU) free trade agreement, while acknowledging the difficulties associated with it. Speaking via remote link at the International Relations Conference at Symbiosis’s sprawling Lavale campus, Prabhu said many issues were agreed upon at the October India-EU summit in New Delhi involving Prime Minister Narendra Modi, European Council president Donald Tusk and European Commission president Jean-Claude Juncker. There was a positive outcome (regarding the trade deal) at the talks. I would like to […]

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Onion prices decline at Lasalgaon on improved supply

December 3rd, 2017 | APTSO EXPORTS™ | Tags: ,

Onion prices at Lasalgaon in Maharashtra, Asia’s biggest market for the key kitchen staple, today declined to Rs. 25/kg from the level of 30-35/kg last week on improved supplies. Lasalgaon mandi sends a price signal for the rest of the country and, therefore, onion traders keep a track of this market. According to official data, onion arrivals have risen in the last four-five trading days. The arrivals at Lasalgaon mandi today stood at 22,000 quintals, much higher than 8,000 quintals on November 22. The improved supplies in other growing states […]

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Tropical fruit trade set to reach new peak in 2017: UN FAO

Global trade in avocados, mangos, pineapple and papaya is set to reach a new peak in 2017 though climate change threatens the output of tropical fruit in many growing regions, the United Nations food agency (FAO) said on Thursday. Exports of the four main tropical fruits have been growing faster than all other internationally traded food commodities, as consumers in the United States, Europe and now parts of Asia have developed a taste for crops that are still mainly grown for subsistence in developing countries. Rising incomes and perceived health […]

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India becomes biggest consumer of Ukraine agriculture exports

India was the biggest market for Ukrainian agriculture products in the first 10 month of 2017, importing 11.3 per cent of exports in cash terms, Ukraine’s Agriculture Ministry said on Tuesday. Ukrainian agriculture exports were worth $14.7 billion in the 10 months to October, about 23 per cent more than in the same period last year, the ministry said in a statement. Egypt was the second-largest importer, with a 7.5 per cent share, and the Netherlands was the third, with 6.9 percent. The ministry said sunflower oil dominated Ukrainian agriculture […]

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