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HomePosts Tagged "Ministry of Commerce and Industry"
AgroPolicy, India, Supply Chain, Trade

The trade between Iran and India reached $510 million in the first quarter of this year

Agricultural officials of Iran and India have agreed to form a joint committee for agricultural cooperation between the two countries within the next three months, According to the Iran media.

The agreement was signed in a meeting between Mohammad Mehdi Borumandi Iran’s Deputy Agriculture Minister and Manoj Ahuja Secretary of India’s Agriculture and Farmers Welfare Ministry in New Delhi.

Borumandi, recently visited New Delhi to hold talks on the agricultural cooperation between Iran and India and met with his Indian counterpart to review the latest status of bilateral cooperation in the field of agriculture.

The officials also agreed to hold the first joint working group on agricultural cooperation between the two countries in the near future.

In the meeting, Borumandi stressed Iran’s readiness for cooperation in various fields including horticultural products, medicinal plants, combating plant pests, agricultural technologies, exchange of professors and experts, and collaboration between research institutions of the two countries.

He stressed removing tariff barriers on agricultural trade as necessary for the future expansion of relations.

Manoj Ahuja announced that the ban on the exports of kiwi to India, which had been temporarily prohibited since last year due to quarantine considerations, has been lifted.

The trade between Iran and India reached $510 million in the first quarter of this year, according to the data released by India’s Ministry of Commerce and Industry.

According to the report, agricultural products, especially rice, had the largest share in India’s exports to Iran. Rice accounted for 63 per cent of the total volume of exports, while fruits with $15 million, and tea with $10 million ranked second and third.

The trade between Iran and India reached

AgroPolicy, India

The WSC will open new opportunities to promote international trade of Indian spices with G20 countries

With an aim to open up newer opportunities to promote international trade of Indian spices, the 14th edition of the World Spice Congress (WSC), is to be held in Mumbai from 16-18 February 2023. The theme of the WSC 2023 is VISION 2030: S-P-I-C-E-S (Sustainability, Productivity, Innovation, Collaboration, Excellence and Safety). The WSC is organized by the Spices Board with active participation of Spice Trade Associations in India like the Indian Spice & Foodstuff Exporters’ Association –Mumbai, Indian Pepper and Spice Trade Association –Kochi, Indian Chamber of Commerce-Kolkata and Federation of Indian Spice Stakeholders – Unjha, Gujarat.

D Sathiyan, Secretary, Spices Board, Ministry of Commerce and Industry, stated that this edition of the WSC is special because it coincides with India’s G20 presidency. He was speaking at the curtain-raiser press conference held in Mumbai. He further said that it will provide a platform for the stakeholders to discuss the industry’s current trends after COVID-19 and chart out a way forward. The event, organised to create a platform not only for traders but also policy regulators, will have special business sessions dedicated to promoting spice trade among the G20 countries. Policy makers, regulatory authorities, spice trade associations, government officials as well as technical experts from key G20 countries will participate in the event, informed Sathiyan.

Providing details of the events planned for the Congress, Sathiyan said that, Piyush Goyal, Minister of Commerce and Industry and Anupriya Patel, Minister of the State, Ministry of Commerce and Industry have consented to grace the WSC 2023, to be held at the CIDCO International Convention Centre, Navi Mumbai. Piyush Goyal will also distribute the trophies and Awards for Excellence in Exports of Spices on 17th February 2023.

WSC 2023 Highlights:

This year’s WSC 2023, supported by the Government of India, is expected to be bigger and far more diverse compared to previous editions and will have special state pavilions and commodity pavilions. The event will provide an opportunity for the spice fraternity to meet and promote Indian brands before a bigger global audience.

The business sessions of WSC 2023 will focus on topics such as:

India – The Spice Bowl for Global Market

Perspectives on addressing Food safety & Quality Requirements for Spices (Presentation/Panel Discussion with Regulatory Authorities);

Strengthening Global Spice Trade-Country Perspective & Opportunities

Crops & Markets – Forecasts & Trends

Spice Market outlook by International Spice Trade Associations

The WSC will open new opportunities to

Country, India, Trade, Vegetables, World

Fruits and vegetables, cereals, livestock, and processed foods witnessed a spike in exports this fiscal

Exports of agricultural and processed food products have increased by 25 per cent within six months of the current Financial Year 2022-23 (April-September) in comparison to the corresponding period of FY 2021-22. According to the provisional data released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), the overall export of agricultural and processed food products has witnessed a growth of 25 per cent during April-September 2022.

The overall export of Agricultural and Processed Food Export Development Authority (APEDA) products increased to $13,771 million in April-September 2022 from $11056 million over the same period of the last fiscal year. The initiatives taken by the Ministry of Commerce and Industry through APEDA have helped the country achieve 58 per cent of its total export target for the year 2022-23 within six months of the current fiscal.

For the year 2022-23, an export target of $23.56 billion has been fixed by APEDA for the agricultural and processed food products basket and export of $13.77 billion have already been achieved in these six months of the current fiscal. As per the DGCI&S provisional data, processed fruits and vegetables recorded a significant growth of 42.42 per cent (April-September 2022), while fresh fruits registered 4 per cent growth as opposed to corresponding months of the previous year.

Also, processed food products like cereals and miscellaneous processed items reported a growth of 29.36 per cent compared to the first six months of the previous year.

In April-September, 2021, fresh fruits were exported to the tune of $ 301 million which increased to $313 million in the corresponding months of the current fiscal. Exports of processed F&V jumped to USD 1024 million in six months of the current fiscal from $719 million in the corresponding months of the previous year.

The export of pulses has witnessed an increase of 144 per cent in Q2 of the current fiscal in comparison to the corresponding months of the last fiscal as the export of lentils increased from $ 135 million (April-September 2021-22) to $ 330 million (April-September 2022-23).

Basmati Rice exports witnessed a growth of 37.36 per cent in six months of FY 2022-23 as its export increased from $ 1660 million (April-September 2021) to $ 2280 million (April-September 2022), while the export of non-Basmati rice registered a growth of 8 per cent in Q2 of current fiscal. Its export increased to USD 3207 million in six months of the current fiscal from $ 2969 million in the corresponding months of the previous year.

The export of meat, dairy and poultry products increased by 10.29 per cent and the export of other cereals recorded a growth of 12.29 per cent in six months of the current fiscal. The poultry products alone registered a growth of 83 per cent as its export rose to $57 million within the half-year bracket of the current fiscal from $31 million recorded for the corresponding months of the previous year.

Similarly, dairy products recorded a growth of 58 per cent as its export rose to $ 342 million in Q2 of the current fiscal from $216 million in Q2 of the previous year.

Wheat export registered an increase of 136 per cent in Q2 of the current fiscal. Wheat export rose to $1487 million in April-September 2022 from $630 million in April-September 2021.

Other cereals’ export increased from $ 467 million in April-September 2021 to $525 million in April-September 2022 and the export of livestock products increased from $ 1903 million in April-September 2021 to $ 2099 million in April-September 2022.

Fruits and vegetables, cereals, livestock, and processed