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The weak southwest monsoon in first half of June 2022 slowed ongoing plantings of the kharif (fall harvested) season crops. Plantings will recover under adequate soil moisture conditions with the revival of monsoon starting the third week of June, along with expected normal precipitation in July. On July 6, India's Ministry of Commerce and Industry notified authorizing the export of wheat flour and other products (Harmonized Tariff System - HS code 1101) only on the recommendation of Inter-Ministerial Committee on the Export of Wheat.
India’s food retail sector has rebounded from the COVID-19 pandemic and is expected to expand massively in the next decade thanks to rising incomes, urbanization, and a shift in consumption habits, fueling demand for healthy, premium food products. While traditional retailers continue to dominate the market, the country’s rapidly expanding e-commerce sector is distinguishing itself by offering high value imported food products and innovative services/convenience.
On June 24, 2022, the Ministry of Health and Family Welfare/Food Safety and Standards Authority of India (FSSAI) issued Notification F. No. Std/SP-05/T (Nutraceutical-2022), the draft amendment regulation that the FSSAI is proposing for the Food Safety and Standards (Health Supplements, Nutraceuticals, Food for Special Dietary Use, Food for Special Medical Purpose, and Prebiotic and Probiotic Food) Regulations (2016).
On May 25, 2022, the Ministry of Health and Family Welfare/Food Safety and Standards Authority of India (FSSAI) issued Notification F. No. STD/FA/38/FSSAI, draft amendments to the Food Safety and Standards (Food Products Standards and Food Additives) (2011) regulation. FSSAI published the draft amendment in the Gazette of India (official gazette) on May 26, 2022, uploading the same to its website on May 31, 2022.
On June 17, 2022, the Ministry of Health and Family Welfare MoHFW)/Food Safety and Standards Authority of India (FSSAI) issued direction F. No: STD/SP_08/A1.2022/N-01-Part (1) to operationalize the draft Food Safety and Standards (Labeling and Display) Amendment Regulations (2022).
India published two notices concerning Draft Food Safety and Standards Amendment Regulations, 2015 and Draft Food Safety and Standards Amendment Regulation, 2015 for comment.
The MY 2015/16 production estimate is 28.5 million 480 lb. bales as insect infestation in northern India raises yield concerns. Planted area reached 11.76 million hectares.
On October 23, 2015, the Government of India’s Food Safety and Standards Authority of India (FSSAI) published draft Alcoholic Beverages Standards.
India’s MY 2015/16 coffee crop (Oct/Sep) is forecast at 5.3 million 60-kg bags. Large carryover stocks are expected to keep the prices subdued as exports are forecast at 5 million 60-bags.
On October 19th, 2015, the Ministry of Finance issued a notification raising the basic custom duty on imports of wheat to 25 percent (ad valorem on CIF value).