APEDA

December 2, 2024 6:31 PM

India’s organic food products export reaches $448 Mn, set to surpass last year’s figures

India's organic food products export reached $447.73 million in the first eight months of this fiscal (FY25) and is on track to surpass last year's total export of $494.80 million, the Parliament was informed on Monday. In a written reply to the Lok Sabha, Union Minister of Food Processing Industries, Navneet Singh Bittu, stated that 263,050 metric tonnes (MT) of organic food products have been exported as of November 25 this year. While the Ministry of Food Processing Industries has not alloc...

Government removes floor price on Basmati rice exports to boost global trade

The Government of India has decided to remove the floor price on its exports to enhance the export of India’s premier basmati rice. This decision follows extensive trade concerns and a stable domestic rice supply. The Agricultural and Processed Food Products Export Development Authority (APEDA) will monitor export contracts to ensure transparent pricing and prevent any unrealistic valuations of basmati rice. Initially, a floor price of $1,200 per metric ton (MT) was imposed in August 2023 to...