Global food price index dips on fall in vegetable oil, cereals and sugar prices – FAO


The barometer for world food commodity prices declined slightly in June for the third consecutive month, the Food and Agriculture Organization of the United Nations (FAO) said. The FAO Food Price Index averaged 154.2 points in June 2022, down 2.3 percent from May. The Index, which tracks monthly changes in the international prices of a basket of […]

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Global trade hits record $7.7 trillion in first quarter of 2022 – report


The value of global trade rose to a record $7.7 trillion in Q1 2022, an increase of about $1 trillion relative to Q1 2021, according to UNCTAD’s Global Trade Update published on Thursday. The growth, which represents a rise of about $250 million relative to Q4 2021, is fuelled by rising commodity prices, as trade volumes have […]

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India’s exports hit $417.8 billion in 2021-22; agri exports at $50 billion


India’s Commerce and Industry Minister Piyush Goyal said merchandise exports from India had reached $417.8 billion in the just-ended 2021-22 (April-March) financial year and are likely to exceed $418 billion, well above the target set by the government.  India has achieved the highest monthly value of merchandise export in March 2022 amounting to $40.38 billion, […]

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Good rainfall and GI tag attempting to bring saffron production back to its glory days in Kashmir


Good rains this season and GI tag for Kashmiri saffron has encouraged farmers in Jammu and Kashmir to produce saffron again. Many Kashmir farmers have been deterred from engaging in saffron cultivation as a result of the invasion of cheap Iranian saffron into Indian and international markets. Iranian saffron is up to 48% cheaper than Kashmiri […]

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Big boost for farmers in Budget 2022-23; Rs 2.37 lakh crore MSP direct payments announced


In a major boost to farmers, finance minister Nirmala in her budget speech announced Rs 2.37 lakh crore worth of MSP direct payments to wheat and paddy farmers in the Budget for FY22-23. “Procurement of wheat in Rabi season 2021-22 and the estimated procurement of paddy in Kharif season 2021-22 will give cover 1208 lakh […]

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