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This report explores India’s Hotel, Restaurant, and Institutional (HRI) sector with an overview of the industry’s growth, key players, and market trends. Key factors driving expansion include urbanization, rising incomes, and an increasingly consumer...
FAS New Delhi expects India’s peanut oilseed production to rise by 18 percent in marketing year (MY) 2024/2025 and reach 7.2 million metric tons (MMT) due to higher market prices, an increased planting area of 5.6 million hectares, and the use of high-yielding varieties that produced higher yields.
On November 5, the Ministry of Agriculture and Farmers Welfare published a marketing year 2024/25 production forecast at the lowest level in five years, at 23.4 million 480 lb. bales on an area of 11.4 million hectares.
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).