Food Export

Fast food delivery saves time but costs consumers Rs 9K-11K crore annually

A report reveals that food aggregators' pricing models include small, seemingly negligible fees, which can add up significantly, affecting consumers' wallets without immediate notice

China stores massive volumes of crude oil in August on soft prices

The world's biggest crude importer saw arrivals of 11.56 million bpd in August, while domestic output was 4.20 million bpd, given a total of 15.76 million bpd available to refineries

Govt plans FMD-free zones in 8 states to enhance animal product exports

The government plans to establish Foot and Mouth Disease (FMD)-free zones in eight states to boost exports of animal products, according to a senior government official. Alka Upadhyaya, Secretary in the Department of Animal Husbandry and Dairying, announced the initiative at the workshop that concluded on August 30 on the issue of animal infectious disease prioritisation, organised by the Food and Agriculture Organisation (FAO) in collaboration with the department. "We've made significant progress in tackling four critical diseases: FMD, Peste des Petits Ruminants, Brucellosis, and Classical Swine Fever under the National Control Programme," Upadhyaya said. The government "plans to establish FMD-free zones in eight states, where advanced vaccination efforts are underway", she said. This strategic move is expected to pave the way for expanded export opportunities for Indian animal products, enhancing the country's global market presence, she added. The three-day workshop resulted

Bigger, bolder labels: Companies look to put it back on FSSAI table

Industry executives say the transition to new nutritional labelling may have cost implications for companies as they usually have packaging stock for the next few months

Centre planning to procure 1 million tonne of chana dal at market price

Due to insufficient rainfall and an extended dry period last year, chana prices shot up in anticipation of lower production this year

Ukrainian food producers needs long-term plan for exports to EU: Report

Ukraine wants to permanently remove tariffs and quotas on EU agricultural imports by updating its trade deal with the EU, or at least extend the current suspension for three years

Sugar output falls 2.48% to 22.36 mn tonnes till Feb 15 of FY24: ISMA

The country's sugar production dipped 2.48 per cent to 22.36 million tonnes till February 15 of the ongoing 2023-24 marketing year, as per the industry body ISMA's latest data. Sugar production stood at 22.93 million tonnes in the year-ago period. Sugar marketing year runs from October to September. In its second estimate, the Indian Sugar Mills Association (ISMA) has projected sugar output to decline by 10 per cent to 33.05 million tonnes in the current 2023-24 marketing year as against 36.62 million tonnes in the previous year. According to ISMA, sugar production in Maharashtra, Karnataka, Gujarat, and Tamil Nadu remained lower till February 15 of the ongoing marketing year. However, sugar output in Uttar Pradesh -- the country's second largest producer of the sweetener -- was higher at 6.77 million tonnes as against 6.12 million tonnes in the period under review. The production in Maharasthra -- the country's largest producing state of sugar -- was down at 7.94 million tonnes t

Corporate India on overdrive to celebrate Ram Mandir inauguration

Some are offering a part of their profits as donations, telcos are beefing up the number of cellular towers to ensure better connectivity, and there are those distributing jalebis and food platters

Centre establishes National Turmeric Board, expected to reach $1 bn by 2030

National Turmeric Board to increase awareness and consumption of turmeric and develop new markets internationally to increase exports

Erdogan discusses Ukrainian crisis with Putin, grain export key highlight

Erdogan emphasised that Türkiye is determined to continue to make necessary efforts to establish a just peace between Russia and Ukraine

Wheat export ban to continue to ensure adequate supplies in India: Goyal

The ban on exports of wheat will continue as India has to ensure adequate supplies of the foodgrain for its domestic market and keep the inflation at check, Union minister Piyush Goyal said on Thursday. He said that the procurement of wheat has started and the numbers for the first week of buying are "very" satisfactory. "I could believe that we will have a good harvest despite the unseasonal rains...We do believe that we will have to ensure adequate supplies for the Indian market and once the procurement period is over, we believe that it will be important that inflation is also contained in the country and therefore it is important that the wheat exports continue to remain banned," the commerce and industry and consumer affairs, food and public distribution minister told reporters here. He is here on a two-day visit to meet leaders and businesses in order to enhance economic ties between India and Italy. India, the world's second-largest wheat producer, banned wheat exports in Ma

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