India’s food grain output estimated at record 314 million tonnes for 2021-22 crop year (July-June)

India’s foodgrain production will rise 1.2% on year to a new record of 314.51 million tonnes (MT) for the 2021-22 crop year (July-June), according to the third advance estimate released by the agriculture ministry. In the second advance estimate released in February, the production was seen at 316.06 MT. Wheat production estimate for the current […]

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Wheat, key vegetables and edible oils post sharpest price rise in India this year

Retail food inflation rose to 7.47% in March, exceeding the headline inflation rate after many months. Consequently, a clutch of items like potato, tomato, brinjal, chicken and wheat have seen the sharpest price increases. Inflation in prices of chicken rose by more than 20.74% in March 2022, while the overall food inflation in the meat […]

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India planning MoUs with multiple countries to encourage import of pulses

To boost domestic supplies of lentils (masoor) and ensure that its retail prices do not spiral out of control, India will enter into agreements with Russia and Kazakhstan for imports of the key pulses variety under long-term contracts. The memorandums of understanding (MoUs) would facilitate imports of lentils by private traders. Similar arrangements are also […]

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US was again India’s largest trading partner during April-October 2021: Union Commerce Ministry

The government said in Rajya Sabha that during the April-October period this fiscal, the US has once again emerged as the largest trading partner of India with bilateral merchandise trade of $ 67.41 billion. The US has been the largest trading partner of India with respect to merchandise trade since 2018-19, except in 2020-21, when […]

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