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Well-stocked granaries may help hold rice price line, says trade body -Vikas Vasudeva

-The Hindu But an Assocham study has warned of an increase in prices Amid concern that the price of rice may be next to shoot up after those of pulses and onion, trade bodies put forth divergent views. V.S. Sethia, former president and currently a governing council member of the All-India Rice Export Association, told The Hindu that apprehensions of a sharp rise in rice price were baseless as ample stock of regular...

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Order on pulses stock limit not trade distortion, India tells US

-PTI The issue was raised by the American side during the US-India Trade Policy Forum meeting Washington: India has said that the recent order that removed "stock limit exemptions" for pulses held by importers as part of its effort to address the shortage of pulses and prevent undue hoarding is "not a trade distortion". The issue was raised by the American side during the US-India Trade Policy Forum meeting here after the US...

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US plan to mandate FDA audit of farm imports irks India -Amiti Sen

-The Hindu Business Line New Delhi: India has raised serious concerns over a proposed US legislation that will require agriculture imports to be mandatorily inspected and audited by the US Food and Drug Administration (USFDA). New Delhi fears that once the law is implemented — in about a year from now — it will raise costs for Indian exporters sharply, making exports unfeasible in many cases. Commerce Minister Nirmala Sitharaman is expected to...

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Incentivize pulses production to check spiralling prices

The low rate of inflation of 3.88 percent in Consumer Food Price Index during September, 2015 actually hides the high prices at which various pulses (dal) are available in kirana / retail shops across India. In terms of Consumer Price Index (combined), monthly rate of inflation in pulses and products during September 2015 (over September last year) stood at 29.76 percent as compared to the overall monthly retail inflation of...

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India, Africa align on WTO issues

-The Hindu They are in favour of multilateral trading systems. India and Africa said on Friday that the two partners are aligned on the outstanding issues at the World Trade Organisation (WTO) and are in favour of multilateral trading systems. “The WTO Ministerial scheduled for December in Nairobi will be held for the first time in Africa where we will be looking for outcomes that will be of interest to both India and...

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