Business

Indian Farm Exports: Growth, Risks and the Red Flags Ahead

India's agricultural exports hit a record $51.2 billion in FY2024-25, led by rice and marine products, with the US, UAE and China as top buyers. Exports are gr…

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US TARIFF CUT TO 10%

US Reciprocal Tariff on India Cut to 18%, Then a 10% Baseline

An interim US-India trade deal cut the reciprocal tariff from 25% to 18% on Feb 7, 2026; weeks later a Supreme Court ruling pushed India's rate into a Section 122 mechan…

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INDIA-EU FTA CONCLUDED

India-EU Free Trade Agreement Concluded, Agriculture Mostly Excluded

The EU and India concluded FTA talks on Jan 27, 2026 after 20 years, cutting tariffs on over 90% of traded goods - but keeping agriculture largely outside the deal on bo…

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WEST ASIA EXPOSURE FLAGGED

GTRI Flags $11.8 Billion of Agri Exports at Risk from West Asia Conflict

Think tank GTRI estimated $11.8 billion of India's agri and food exports - about 21.8% of the total - run through West Asia, a region destabilised by the Iran-Israel con…

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US TARIFFS HIT 50%

US Tariffs on India Hit 50%, With Key Agri Exemptions Carved Out

A 25% reciprocal tariff plus a 25% penalty tied to Russian oil purchases brought US duties on Indian goods to 50% by late August 2025 - among the highest applied to any…

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SPICE RECALLS

Hong Kong and Singapore Recall MDH and Everest Spice Blends

Hong Kong and Singapore recalled spice blends from MDH and Everest after finding ethylene oxide, a carcinogenic fumigant, above permitted limits - triggering an FSSAI in…

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RICE BAN LIFTED

India Lifts Its Non-Basmati White Rice Export Ban

DGFT lifted the July 2023 non-basmati white rice export ban on Sept 28, 2024, first with a $490/tonne minimum export price, which was itself removed by late October 2024.

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RICE EXPORT BAN

India Bans Non-Basmati White Rice Exports

DGFT banned non-basmati white rice exports on July 20, 2023 to protect domestic supply and prices, tightening global rice prices given India's roughly 30-40% share of wo…

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TEA EXPORT MILESTONE

India Becomes World's Second-Largest Tea Exporter

India's tea exports rose 10% to a 10-year high of 255 million kg in 2024, overtaking Sri Lanka - helped as much by rivals' declines as by India's own gains.

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AGRICULTURAL EXPORT POLICY

India Launches Its First Agricultural Export Policy

The Commerce Ministry approved India's first comprehensive Agricultural Export Policy in December 2018, targeting doubled agri exports through state export plans, cluste…

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