Mission value addition: Spices Board eyes $5-billion exports by 2025
The Spices Board has set an ambitious target of achieving an export value of $5 billion by 2025 and $10 billion by 2030. The export value in 2019-20 was $3 billion.
“We are on a mission to promote Indian brands abroad by coordinating with Indian Embassies. The Board has already initiated steps for providing assistance to Indian spice brands for undertaking brand promotion campaigns in the international markets”, D Sathian, Secretary, Spices Board, has said.
Centre targets 32-million tonne pulses production by 2030
The Centre is eyeing to further boost pulse production in the country and is targeting an output of 32 million tonnes by 2030 from the current level of around 24 million tonnes.
At the inaugural address of the third National Pulses Seminar organised by the India Pulses and Grains Association on the World Pulses Day on Wednesday, Agriculture Minister Narendra Singh Tomar said: “Between 2017 and 2019, pulse production in India increased by 23 per cent. By 2030, we aspire to increase domestic pulses production to 320 lakhtonnes. We clearly have a demand for pulses, and both the government and farmers are working hard to meet it.”
White arecanut price soars 82% to all-time high of ₹500 a kg
The price of the old stocks of white arecanut touched an all-time high of ₹500 a kg on Wednesday, recording a jump of more than 80 per cent in the post-lockdown market.
The Central Arecanut and Cocoa Marketing and Processing Cooperative (Campco) offered a maximum of ₹500 a kg for the old stocks of white arecanut and ₹415 a kg for the new stocks, to its grower-members in key markets on Wednesday.