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On July 4, 2018, the Government of India (GOI) approved a significant increase in the minimum support prices (MSPs) for the kharif (fall harvested) crops for the 2018/19 season.
FAS India forecasts MY 2018/19 cotton production at 28.7 million 480 lb. bales on 11.85 million hectares.
On July 2, 2018, the Ministry of Commerce and Industry issued a notification extending the quantitative restrictions (QRs) on imports of peas by another three months until September 30, 2018.
Organized retail continues consolidation with larger players expanding through acquisition. Domestic and international retailers are building stronger cash and carry wholesale businesses.
Domestic ethanol production in calendar year (CY) 2016 will remain close to this year’s level of 2.2 billion liters due to stable supply of sugarcane for sixth consecutive year (MY 2015/16).
Delayed monsoon, high surface temperatures and low reservoir levels indicate a less than favorable situation for the Kharif crop (harvested April to October).
On June 16, 2016, the Government of India (GOI) introduced a 20-percent export tax on raw and white sugar (Customs Notification No. 37/2016) in response to higher international sugar prices.
The Government of India’s (GOI) Food Safety and Standards Authority of India (FSSAI) published on their website guidelines on product approvals.
The Government of India’s (GOI) Food Safety and Standards Authority of India (FSSAI) published its comprehensive list of 11,000 food additives used in various food categories.
The Government of India (GOI) notified its Draft Food Safety and Standards (Food Products Standards and Food Additives) Amendment Regulations, 2016, related to standards of fish and fish products.
The Government of India’s (GOI) Food Safety and Standards Authority of India (FSSAI) issued a corrigendum on frequently asked questions (FAQs) regarding FSSAI’s definition of proprietary foods.
FSSAI published an updated order which cites fees and charges associated with testing domestic and imported food product samples.