Global slowdown to impact Indias processed food exports
The Dollar Business Bureau Even as the government looks to double India’s food processing exports over the next five years, a recent report by Dun and Bradstreet has suggested that the sector will register a subdued growth this fiscal due to a sluggish global demand. According to the report, food exports are projected to remain subdued in 2017 due to slowdown in global demand, while the share of FPI related commodities to total exports could remain marginally moderate. The exports of FPI and related commodities slumped by 18% y-o-y to $29.7 billion in FY16, in line with the falling trend in India’s overall outbound shipments. Looking at the sector’s exponential growth prospects in future, the government has set an ambitious target of doubling its processing levels to 20% by 2019 from ...
WTO aims to protect consumers from polluted food
The Dollar Business Bureau The 65th meeting of the World Trade Organization (WTO) conference in Geneva had provided an outreach on FDA’s new food safety regulations. The aim was to protect consumers from polluted food - a global concern as well as key FDA priority. The WTO’s Committee for Sanitary and Phytosanitary Measures (SPS) is an important body that provides an opportunity for the discussion of food safety and animal and plant health issues that affect the international food trade. During the conference, the WTO also focused on sharing information about the FDA Food Safety Modernisation Act (FSMA) rules which would ensure the safety of foods exported to the United States. Three new FSMA rules included information about produce ...
Pak farmers demand curbs on agri, food imports from India
Sai Nikesh D | The Dollar Business Pakistan farmer organisations have held a rally in Lahore this week, opposing the import policy of agri and food products from India which has led to a surge in agri and food imports from India in recent years. According to sources in Pakistan, all major farmers’ associations — Kissan Board Pakistan, Farmers Associates Pakistan, Kissan Ittehad, Awane Zaraat, Sindh Tas Water Council, and Punjab Water Council – have come together to demand the withdrawal of the March 2012 statutory notification which allowed duty-free import of 137 items through Wagah border. Pakistani farmers say that the Wagah border is close to India’s Punjab, which is considered the food bowl of India, and ...
USDA sees good prospects for almond exports to India
The Dollar Business The USDA has placed almonds on the top of the list in its recommendations for exporters in USA for entering the Indian market. While saying that India remains a complex market to make inroads for food companies, USDA says that almond exports to India have been promising with an average growth of around 20% and a share of around 80% of India's total almond imports in the last five years. India is a small but growing market for exporters in USA thanks to globalisation of food and higher incomes in India. According to official estimates, India’s imports of consumer-oriented foods, led by tree nuts and fresh and dried fruits, have doubled to around $3.2 billion in the last five years, ...
India draws Food Map to steer its food processing industry, exports
The Dollar Business Bureau Value addition in fruits and vegetables in India stands at around 2%, and wastage is as high as 18% India’s Ministry of Food Processing Industries has released the much awaited Food Map of India, a database which will be used to develop a Food Grid and to implement a slew of measures the government is planning to transform the growing food processing sector in India. India is already a leader in several food exports, including agricultural products, seafood, spices, and meat. However, experts say that there is immense growth potential for processed food exports by India considering that value-addition in Food Processing in India stands at a mere 2%. Moreover, lack of processing and marketing means ...
India, Russia agree to develop e-certification systems to boost food trade
Rosselkhoznadzor has approved meat and egg imports from five Indian companies and is taking steps to ensure safety of food imports from India The Dollar Business Bureau Indias Agricultural and Processed Food Products Export Development Authority (APEDA) and Russias phyto-sanitary watchdog Rosselkhoznadzor have agreed to increase cooperation to boost food exports from India to Russia though technical consultations and e-certification systems. Rosselkhoznadzor said that top officials on both sides held telephonic consultations on export of buffalo meat (carabeef) from India to Russia this week. Vasily Lavrovsky, head of the Rosselkhoznadzors Department for Veterinary Inspection Activities within International Cooperation and WTO, and Santosh Sarangi, Chairman, APEDA, have agreed to exchange contact details of the technical specialists soon. Earlier, Rosselkhoznadzor had agreed to depute its ...
Russia to import carabeef from India
The Dollar Business Bureau Russia has allowed carabeef (buffalo meat) imports from India, following talks between phyto-sanitary watchdog Rosselkhoznadzor and India’s Agricultural and Processed Foods Export Development Authority (APEDA) which falls under the Ministry of Commerce and Industry of India. The move comes a few days ahead of Russian President Vladimir V. Putin’s visit to India. Rosselkhoznadzor said that it, in cooperation with the Ministry of Agriculture of Kazakhstan, has included some Indian exporters on its buffalo meat import list. The companies included in the customs territory of the Customs Union are Fair Exports Pvt.Ltd, Frigerio Conserva Allana Limited, Frigorifico Allana Limited, and Amroon Foods Pvt. Ltd. Source - APEDA Indian officials have been in talks with Russia over ...
We want to collaborate, not compete, with India
New Zealand’s Primary Industries Minister Nathan Guy | The two countries are expected to resume negotiations on a Free Trade Agreement in a few months, after a gap of around 18 months Bidhu Bhushan Palo | @TheDollarBiz Mr. Nathan Guy (right) at the Ch. Hira Singh wholesale vegetable and fruit market in Delhi during his visit to India in November 2014 (Pic source – Govt. of New Zealand) New Zealand is considered a leader in sectors that India is now looking for growth: agriculture, dairy, hospitality and tourism. This, along with an ever growing interest among Indians to visit New Zealand, is changing the equations between the two countries. India’s importance for New Zealand exporters has grown significantly in ...