Latest news with #APEDA
Time of India
2 days ago
- Business
- Time of India
India sends first-ever fresh Jamun consignment from Karnataka to London
This is an AI-generated image, used for representational purposes only. In a milestone development for Indian fruit exports, the Agricultural and Processed Food Products Export Development Authority (APEDA) on Thursday flagged off the country's first shipment of fresh Jamun from Karnataka to London, as per news agency PTI. Until now, only frozen Jamun was exported internationally. The consignment was sourced directly from a local Farmer Producer Organisation (FPO) and exported by Anantha Organic Products Pvt Ltd. Its owner, Parthasardhi, said the move would help farmers secure 'good' returns. While Jamun typically fetches around Rs 50–60 per kg in Indian markets, farmers are now earning approximately Rs 110 per kg through exports. Packed at a Plant Quarantine-approved facility developed by the Karnataka Government's Department of Horticulture, the consignment marks a critical step in expanding India's agri-exports, especially of indigenous fruits. APEDA stated that Karnataka, a major Jamun-growing region known for the fruit's health and medicinal benefits, is poised to become a key player in the global fresh fruit segment. This comes on the heels of other major agri-export milestones. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Memperdagangkan CFD Emas dengan salah satu spread terendah? IC Markets Mendaftar Undo Earlier this week, Union commerce and industry minister Piyush Goyal announced the first commercial export of premium cherries from Jammu and Kashmir to Saudi Arabia and the UAE. 'A huge market opens up for our cherry farmers,' Goyal posted on X, calling it a big boost for the government's 'Vocal for Local' push. Goyal also highlighted that the Centre has been 'bridging logistical gaps to position India as a global supplier of premium agri-products,' showcasing growing momentum in fruit exports. According to the ministry of commerce & industry, India's total merchandise and services exports reached $820.93 billion in FY25, marking a 5.5 per cent annual growth. Notably, fruits and vegetables exports rose by 5.67 per cent to $3.87 billion. While grapes, mangoes, bananas, and oranges continue to dominate India's fruit exports, Jamun now joins the list of indigenous offerings entering international markets. APEDA reiterated that India's vast horticultural diversity holds immense export potential, and Thursday's shipment of fresh Jamun could pave the way for more traditional fruits finding space on global shelves. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
5 days ago
- Business
- Time of India
Iran-Israel conflict impact: Basmati rice prices to drop as exports to Iran, third largest buyer of Indian basmati, expected to decline
During 2024-25, India's basmati rice exports to Iran were valued at ₹6,374 crores. (AI image) Basmati rice prices, which saw an increase of 15-20% in the past two months due to higher exports, are expected to decrease in the upcoming weeks as exports to Iran may decline amidst its ongoing conflict with Israel. According to the Agricultural and Processed Foods Export Development Agency (APEDA), Iran ranks as the third-largest purchaser of Indian basmati rice, following Saudi Arabia and Iraq. During 2024-25, India's basmati rice exports to Iran were valued at ₹6,374 crores, representing 12.6% of India's total basmati exports for that period. Major importing nations from West Asia and Iran had enhanced their purchases after Indian Basmati rice prices had fallen to ₹75-90/kg, leading to an upward price movement. "The export prices have come down from $950-1000/tonne about a month ago to $900-950/tonne," said Rajesh Jain Paharia, an exporter of Basmati rice according to an ET report. Basmati rice "Prices have corrected, as freight is expected to go up due and transshipment issues," said Paharia. "Prices of Indian Basmati rice had reached their bottom by April as the global export demand was less due to multiple factors. However, export demand increased as everyone wanted to stock at low prices, bringing a surge in exports in May and a consequent increase in prices by about 15-20%," said Dhaval Shah, an exporter and domestic trader of Basmati rice in Maharashtra. "Although the prices are likely to remain stable for now, factors like the Trump effect or any escalation of the war will decide the future course of prices. Countries tend to buy more to ensure their food security if they see indications of escalation of war." The Indian Rice Exporters Federation's national president, Prem Garg, expressed concerns regarding current sea shipments and pending payment issues. Trade estimates indicate that outstanding dues for Basmati trade with Iran typically amount to ₹1,000-1,200 crore. "In our trade with Iran, we take 20% advance payment and rest all is on 180 days credit," said Pahariya. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Economic Times
6 days ago
- Business
- Economic Times
Basmati prices may soften soon amid Israel-Iran conflict
Basmati rice prices, recently elevated due to increased exports, are anticipated to decrease as exports to Iran are expected to decline amidst geopolitical tensions. While Iran's conflict with Israel impacts demand, outstanding payments and freight concerns add to the uncertainty. The market's future hinges on global events and potential shifts in trade dynamics. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Pune: Prices of Basmati rice, which have increased by about 15-20% over the last two months due to a jump in exports, are likely to reduce in the coming weeks as exports to Iran are expected to decline due to its conflict with prices of Indian Basmati rice dropped to ₹75-90/kg, major importing countries from West Asia and Iran had increased buying, causing prices to move is the third largest buyer of Indian basmati rice after Saudi Arabia and Iraq, according, Agricultural and Processed Foods Export Development Agency ( APEDA ). In the 2024-25, India had exported basmati rice worth ₹6,374 crores to Iran, which accounted for 12.6% share of India's total basmati exports in 2024-25. "The export prices have come down from $950-1000/tonne about a month ago to $900-950/tonne," said Rajesh Jain Paharia, an exporter of Basmati rice."Prices have corrected, as freight is expected to go up due and transshipment issues," said said that the export volumes had declined for a few months since January."Prices of Indian Basmati rice had reached their bottom by April as the global export demand was less due to multiple factors. However, export demand increased as everyone wanted to stock at low prices, bringing a surge in exports in May and a consequent increase in prices by about 15-20%," said Dhaval Shah, an exporter and domestic trader of Basmati rice in Maharashtra. "Although the prices are likely to remain stable for now, factors like the Trump effect or any escalation of the war will decide the future course of prices. Countries tend to buy more to ensure their food security if they see indications of escalation of war."Prem Garg, national president, Indian Rice Exporters Federation, said, "There are concerns about the shipments that are currently on the seas. There are also worries about payment dues."According to trade estimates, usually, the outstanding dues of Basmati trade with Iran stand at ₹1,000-1,200 crore. "In our trade with Iran, we take 20% advance payment and rest all is on 180 days credit," said Pahariya.
Time of India
6 days ago
- Business
- Time of India
Basmati prices may soften soon amid Israel-Iran conflict
Pune: Prices of Basmati rice, which have increased by about 15-20% over the last two months due to a jump in exports, are likely to reduce in the coming weeks as exports to Iran are expected to decline due to its conflict with Israel. After prices of Indian Basmati rice dropped to ₹75-90/kg, major importing countries from West Asia and Iran had increased buying, causing prices to move up. Iran is the third largest buyer of Indian basmati rice after Saudi Arabia and Iraq, according, Agricultural and Processed Foods Export Development Agency ( APEDA ). In the 2024-25, India had exported basmati rice worth ₹6,374 crores to Iran, which accounted for 12.6% share of India's total basmati exports in 2024-25. "The export prices have come down from $950-1000/tonne about a month ago to $900-950/tonne," said Rajesh Jain Paharia, an exporter of Basmati rice. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Tam Binh: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo "Prices have corrected, as freight is expected to go up due and transshipment issues," said Paharia. Live Events Exporters said that the export volumes had declined for a few months since January. "Prices of Indian Basmati rice had reached their bottom by April as the global export demand was less due to multiple factors. However, export demand increased as everyone wanted to stock at low prices, bringing a surge in exports in May and a consequent increase in prices by about 15-20%," said Dhaval Shah, an exporter and domestic trader of Basmati rice in Maharashtra. "Although the prices are likely to remain stable for now, factors like the Trump effect or any escalation of the war will decide the future course of prices. Countries tend to buy more to ensure their food security if they see indications of escalation of war." Prem Garg, national president, Indian Rice Exporters Federation, said, "There are concerns about the shipments that are currently on the seas. There are also worries about payment dues." According to trade estimates, usually, the outstanding dues of Basmati trade with Iran stand at ₹1,000-1,200 crore. "In our trade with Iran, we take 20% advance payment and rest all is on 180 days credit," said Pahariya.
United News of India
11-06-2025
- Business
- United News of India
Arunachal Deputy CM reviews Power Dept activities, unveils Rs 2,000 Cr revamp plan
East Itanagar, June 11 (UNI) Arunachal Pradesh Deputy Chief Minister and Minister-in-Charge of Power, Chowna Mein, conducted a comprehensive review of the Power Department's activities at the DK Convention Centre here on Wednesday. Highlighting the department's progress since its separation from CPWD in 1992, Mein emphasized the urgent need for its restructuring to meet the growing power demand driven by rapid population growth. He underscored the importance of strengthening the transmission system, upgrading distribution infrastructure, and bridging existing gaps under ongoing schemes, including the Revamped Distribution Sector Scheme (RDSS). Announcing a major initiative, Mein said the government will implement the Chief Minister's Comprehensive State Power Development Program with a budgetary outlay of Rs 2,000 crore over four years. The programme aims to develop a robust sub-transmission and distribution network in urban and high-density areas, and extend electricity to newly created districts and remote habitations still lacking access. He also stressed integrating Mini Hydro Electric Plants into the main grid, reducing AT&C losses below 15%, and improving urban power reliability through prepaid smart metering and infrastructure modernization. Safety of ground staff was also a key focus, with Mein directing the department to frame safety guidelines for linemen and electricians. Responding to departmental concerns, the Deputy CM urged officials to prepare a restructured proposal for Cabinet approval and announced that each division would be provided with a utility vehicle. Discussions during the meeting also covered APEDA activities such as rooftop solar panels and micro-hydel projects, service connection issues for industrial consumers, and digital initiatives to enhance online billing, recharge systems, and public communication. Among those present in the meeting were Secretary (Power) R K Sharma, Advisor to Deputy CM, Captain Anupam Tangu, Chief Engineer (Transmission) T K Tara, Chief Engineer (Central Zone) Ginko Lingi, Chief Engineer (Commercial) Duyu Taso, APEDA Director Marbom Bam, Deputy CM's OSD Tseng Tsing Mein, Superintending Engineers and Executive Engineers. UNI TD GNK SSP
