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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14 India’s economic growth journey huge opportunity for international partners: Kwatra From diesel to daylight: How government solar schemes are powering India’s farmers The next energy leap: Replicating ethanol’s success in diesel Delhi EV Policy: Electric 3-Wheelers Only by 2027, 2-Wheelers by 2028 Windfall levy on export bound diesel, ATF raised India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Muted pricing power, rising costs to curb benefits of demand in cement sector: HDFC Securities Central Railway to run four special local trains for Ambedkar Jayanti Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Agtech marketing in the age of regional content and creator communities Rajnath Singh, Nitin Gadkari to join 3-day agri event at Shivraj’s home turf, inaugurated today How agripreneurship will drive improved rural livelihoods in India World’s largest tur producer, yet an importer: A self-sufficiency puzzle unfolding on ground Ethanol in diesel generators: India’s next practical step towards energy security How sustainable sourcing can unlock value in India’s agri-value chains West Asia Crisis: Induction cooking may consume 13-27 GW power Govt defers power plant maintenance for three months; ready for summer demand Tractor sales cross 10 lakh mark in FY26 on strong rural demand, GST cut India to continue buying Russian crude oil India’s textile and garments exports to the US declined 28.7% in February 2026 Why India’s ₹5 pack won’t disappear, but getting smaller West Asia conflict: LPG usage at 21-month low in March E-way bill generation surged all time high of over 14 crore in March Cotton prices firm up tracking global prices Corn prices poised to fall on Iran-US ceasefire pact Air India at critical stage of transformation: Tata Sons Chairman FYL91 commences new flights to Hyderabad, Rajahmundry and Vijayawada Telangana’s GST revenue up 15% in last 3 months ASMS launches agri-commerce network AYOU in Hyderabad Ladakh turns to apricot blossoms to stretch short tourism season Govt proposes overhaul of company incorporation rules to cut paperwork, enable risk-based checks HAL delivers 4 helicopters to Coast Guard Charter services operators urge review of ATF pricing Structural gaps affect growth of India’s high-value horticulture sector: Report Rubio set to visit India in May to discuss trade, tariffs, defence, Quad DGFT rolls out procedure for allocation of calcined coke Qatar vows to remain reliable energy supplier to India amid West Asia tensions Gadkari bats for 100% land acquisition before approving NH projects India must rethink West Asia energy reliance after biggest shock in decades, says ONGC chief Sumeet SSG partners Pinnacle Industries to strengthen Maharashtra’s EMS fleet Consumer durables growth muted as demand slows, margins shrink: HDFC Securities March 2026 was the fourth-warmest month on record, says European weather agency India relaxes rice exports norms to some European countries Unseasonal rains damage rabi crops on 2.49 lakh ha, wheat most affected: Agri Minister ADB projects 6.9% growth rate for current fiscal, 70 bps lower than FY26 India-UK FTA likely by May 1; EU trade deal expected by year-end Dubai limits foreign flights until May 31, letters show, hitting Indian airlines hardest India in talks with 20 more countries to open market access: Piyush Goyal ADB ups India's FY27 growth projections to 6.9% Iran control of Strait of Hormuz in focus as tanker turns back, Trump raises concerns India mulls creating 30-day LPG strategic reserve Fire at Mumbai airport terminal delays flights Lesson from West Asia conflict is to factor-in adverse scenarios while framing policies: Oil Secretary Maharashtra government expands agricultural oversight structure Surging Raw Material Costs Hit PVC and Packaging Industries Hard Unseasonal rain, hailstorms, may drag Indian wheat output by over 5% Milky Mist beats FY26 targets, IPO on track, says CEO Delegation to visit Washington as India, US look to revive trade deal talks Only 10% of Indian key reservoirs are filled over 80% IMF warns of deepening global food crisis as fertilizer prices surge Yara India to ramp up digital strategy to strengthen retailer connectivity War-induced risks cushioned by ample buffer for India: World Bank DGS issues direct pass-through of port concessions to exporters amid West Asia crisis Israel allows import of Indian okra seeds, wants virus-free declaration India now seen as ‘safe anchor’, offers stability, predictability and prospects: Shaktikanta Das CropLife asks farmers to tap zaid season window after rabi loss and below normal monsoon ahead Indian trade delegation to visit Washington this month Construction equipment sales fall 13 per cent in FY26 on project delays, weak execution: FADA El Niño threat puts brakes on FY27 auto growth as rural demand risks rise Indian govt hikes NBS fertilizer rates for kharif season by up to 21% to ₹41,533.81 crore
APEDA releases SOP on rice export to China, orders for immediate compliance
By Prabhudatta Mishra · 2026-06-12 · via Economy News, Latest Economic News Today | The HinduBusinessLine

APEDA has issued a new SOP for rice exports following China’s rejection of non-basmati consignments over alleged GMO (genetically modified organisms) contamination. It has begun to enforce the new procedures from Tuesday (June 9). Keen to protect its footprint in a lucrative neighbouring market that shows strong demand for Indian broken rice, the trade body is acting to cushion the sector against falling export volumes in parts of Africa.

In a notice on June 8, APEDA general manager Vinita Sudhanshu said that in order to ensure compliance with the sanitary and phytosanitary requirements for the export of rice to China, a procedure has been developed for the guidance of exporters and other stakeholders.

“The procedure shall come into effect for all RCAC applications received by APEDA from June 9 onwards and shall be applicable to all rice consignments intended for export to China,” she said asking exporters to ensure compliance with the prescribed requirements.

Africa saturated

Welcoming the issuance of the standard operating procedure (SOP), The Rice Exporters Association President B V Krishna Rao said China is an important market as Africa is saturated to meet its concerns of GMO. However, speaking to businessline, Rao said that the export contracts already concluded and shipments presently under execution should be allowed to continue until July 31 as a transitional arrangement under the new system. He suggested the SOP may be implemented from August 1 to provide sufficient time to exporters.

At the meeting of the Non-Basmati Rice Development Fund (NBDF) in May last week, a section of exporters said that some African countries such as Senegal, Burkina Faso, Benin and Sudan have taken restrictive measures to reduce rice imports, which has adversely impacted Indian non-Basmati rice, sources said.

APEDA Charman Abhishek Dev, while addressing the NBDF committee, asked rice exporters to represent at African trade events independent of APEDA’s participation, the sources said. Dev also stressed on the need to diversify rice exports toward high-potential markets such as the Philippines, Indonesia, and China, where India’s share is yet to reach its true potential. Exporters need to incentivise farmers to grow the varieties demanded in these destinations, he said.

Unrelenting China

When some exporters raised the issue of rejection of consignments by China, Dev told them that meeting with General Administration of Customs of the People’s Republic of China (GACC) has been held and in that meeting APEDA clarified that India is a non-GMO country for rice. India also shared with GACC confirmation by ICAR and GEAC that there is no availability of GMO rice seeds, nor any commercial cultivation of GM rice in India was ever allowed.

But, industry sources said that since China did not budge from its stand, India had issued the SOP to get a testing done for GMO so that a uniform procedure is followed by all exporters.

According to the SOP, the export of rice to China shall be allowed only from the rice mills/processing units registered with Directorate of Plant Protection, Quarantine and Storage (DPPQS), in accordance with the 2016 Order. The DPPQS under the Department of Agriculture and Farmers Welfare registers the rice mills/processing units for export to China. Indian exporters are also mandated to either register with GACC or have to source rice only from GACC-registered facilities.

APEDA has also stipulated that exporters shall continue to obtain Phytosanitary Certificate issued by DPPQS prior to export to China. “Export consignments of rice shall be allowed to be shipped to China only after testing by laboratories recognized by APEDA having scope of accreditation for GMO analysis in rice,” it said.

Surging exports

Exporters shall have to apply to recognised laboratories for drawing and testing of samples for GMO analysis under a specific format. After sampling, the lot shall not be shifted/relocated by the processing unit or exporter to another location, it said.

Only after conformity of the sample, the exporter will apply for the Registration-cum-Allocation-Certificate (RCAC) by submitting the Certificate of Analysis to APEDA.

India had exported 315,193 tonnes worth $103.90 million (Rs 922.15 crore) of non-basmati rice to China in 2025-26, against 180,805 tonnes worth $79.43 million (Rs 677.87 crore) in 2024-25. As China had restrictions on Indian rice through non-tariff barriers, the export was less till 2019-20 – only 567 tonnes in 2019-20, but it surged to 331,571 tonnes in 2020-21 after it removed those curbs.

Published on June 12, 2026