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In a first, gem & jewellery exports upto Rs 1 mn allowed via courier In a major milestone, the Gem and Jewellery Export Promotion Council (GJEPC) has facilitated India’s first exports through the “courier mode” from Mumbai – as against the regular ‘cargo mode’ - marking a huge leap in simplifying international trade, an official said here. The country’s first four jewellery exports from Caratlane worth more than $1,000, via an Air India flight to the US departed on Wednesday. Terming it as a ‘historical ste...
In a first, gem & jewellery exports upto Rs 1 mn allowed via courier
In a first, gem & jewellery exports upto Rs 1 mn allowed via courier
Source: IANS
8/09/2023 4:25:35 PM
Huge potential to increase exports of organic agri products: Commerce Secretary Commerce Secretary Sunil Barthwal has said that there is a huge potential to increase exports of organic agri products as the global market stood at about $135 billion and India's shipments are only over $700 million. He also said that the industry should also work on improving the quality and standards of these products.  The secretary urged the industry to promote the logo of India organic as it would help in promoting the credibility of the products in the international market....
Huge potential to increase exports of organic agri products: Commerce Secretary
Huge potential to increase exports of organic agri products: Commerce Secretary
Source: IANS
8/09/2023 11:36:43 AM
India`s top palm oil buyer expects 26% jump in imports to record 10 million T India's palm oil imports are set to jump 26% to a record high in the 2022/23 year ending on Oct. 31, as a recovery in consumption and competitive prices prompt refiners to increase purchases, the country's top palm oil buyer told Reuters on Wednesday. Higher purchases by the world's biggest importer of palm oil could help to lower inventories in top producing Indonesia and Malaysia and support benchmark futures. "Refiners are increasing their purchases for the upcoming ...
India`s top palm oil buyer expects 26% jump in imports to record 10 million T
India`s top palm oil buyer expects 26% jump in imports to record 10 million T
Source: Reuters
6/09/2023 3:27:27 PM
Indian sugar production concerns drive local prices to 6-year high Sugar prices in India have jumped by more than 3% in a fortnight to their highest level in six years, traders and industry officials said, as limited rainfall in the country's key growing regions raised production concerns for the upcoming season. This could add to food inflation and discourage New Delhi from allowing sugar exports, supporting global prices which are near their highest in more than a decade. "Sugar mills are worried that production could fall sharply in the new...
Indian sugar production concerns drive local prices to 6-year high
Indian sugar production concerns drive local prices to 6-year high
Source: Reuters
5/09/2023 5:05:26 PM
India`s services growth slowed slightly in August but exports hit record high Growth in India's dominant services industry lost some steam in August but overall conditions remained strong despite elevated inflationary pressures, according to a business survey that showed exports were at a record high on robust foreign demand. Tuesday's findings, coupled with a sister survey on Friday which found factory growth expanded at its fastest pace in three months, suggest Asia's third-largest economy will be the fastest-growing major country despite slowing globa...
India`s services growth slowed slightly in August but exports hit record high
India`s services growth slowed slightly in August but exports hit record high
Source: Reuters
5/09/2023 11:13:40 AM
Palm oil buying lifts India`s August edible oil imports to record India's edible oil imports in August rose 5% to a record 1.85 million metric tons as refiners purchased more than 1 million tons of palm oil for the second consecutive month to build stocks for upcoming festivals, four dealers told Reuters. Higher purchases by the world's biggest importer of vegetable oils could help to lower palm oil stocks in Indonesia and Malaysia and support benchmark futures. The buying has helped strengthen soybean oil futures and could reduce inventories in ...
Palm oil buying lifts India`s August edible oil imports to record
Palm oil buying lifts India`s August edible oil imports to record
Source: Reuters
4/09/2023 12:29:29 PM
India monitoring steel import situation -Government official India is monitoring the import situation on steel after shipments from China touched a five-year high in the first four months of the fiscal year that began in April, the country's steel secretary told Reuters on Monday
India monitoring steel import situation -Government official
India monitoring steel import situation -Government official
Source: Reuters
4/09/2023 12:26:09 PM
India`s April-July finished steel imports from China at five-year high India's finished steel imports from China touched a five-year high in the first four months of the fiscal year that began in April, according to provisional government data reviewed by Reuters. During April-July, China was the second-biggest steel exporter to India, selling 0.6 million metric tons, up 62% from the same period a year earlier. In all, India imported 2 million metric tons of finished steel in the period, the highest since 2020 and up 23% from a year earlier. China, ...
India`s April-July finished steel imports from China at five-year high
India`s April-July finished steel imports from China at five-year high
Source: Reuters
31/08/2023 4:20:39 PM
India exempts Singapore from rice export ban due to `close strategic partnership`   India has agreed to exempt Singapore from its ban on rice exports owing to “very close strategic partnership”, the External Affairs Ministry said. "India and Singapore enjoy a very close strategic partnership, characterised by shared interests, close economic ties and strong people to people connect. In view of this special relationship, India has decided to allow export of rice to meet the food security requirements of Singapore," Ministry spokesperson Arin...
India exempts Singapore from rice export ban due to `close strategic partnership`
India exempts Singapore from rice export ban due to `close strategic partnership`
Source: IANS
30/08/2023 2:51:51 PM
Indian rice shipments of 500,000 tons postponed after new duty- exporters India's move to impose a 20% duty on exports of parboiled rice has prompted buyers and sellers to postpone shipments of around 500,000 metric tons to after mid-October to avoid paying the tax, three leading exporters told Reuters on Tuesday. The delay in shipments from the world's biggest exporter of rice could deplete inventories in importers such as Benin, Ghana, Côte d'Ivoire, and Liberia, and boost local prices in those countries, which are already near multi-year hig...
Indian rice shipments of 500,000 tons postponed after new duty- exporters
Indian rice shipments of 500,000 tons postponed after new duty- exporters
Source: Reuters
29/08/2023 4:42:06 PM
Plastics exports from India drop 14.6% in July on lower demand: Plexconcil The Plastics Export Promotion Council (Plexconcil) has said plastics exports from the country declined 14.6 per cent to $956 million in July 2023 mainly due to decreasing demand in key export markets like the US and Europe. It said the overall exports during July 2022 stood at $1.119 billion.  It stated flexible Intermediate Bulk Containers (FIBC), plastic raw materials, packaging items, plastic films and sheets, and plastic writing instruments and stationery witnessed a major decline...
Plastics exports from India drop 14.6% in July on lower demand: Plexconcil
Plastics exports from India drop 14.6% in July on lower demand: Plexconcil
Source: Accord Fintech
29/08/2023 10:26:44 AM
Engineering goods exports to Russia more than doubled to $123.65 million in July 2023: EEPC Engineering Export Promotion Council (EEPC) in its latest data has showed that engineering goods exports to Russia continued its uptrend and more than doubled to $123.65 million in July 2023 as against $55.65 million in the corresponding period a year ago. It said among the 25 key markets for Indian engineering goods, which contribute to more than 76 per cent of total exports, 14 countries witnessed a year-on-year decline in July. According to the data, India's overall engineering expo...
Engineering goods exports to Russia more than doubled to $123.65 million in July 2023: EEPC
Engineering goods exports to Russia more than doubled to $123.65 million in July 2023: EEPC
Source: Accord Fintech
28/08/2023 12:31:01 PM
India`s trade deficit falling at rapid pace; exports to see positive growth in coming months: Piyush Goyal Commerce and Industry Minister Piyush Goyal has said that India's trade deficit is falling at a rapid pace and the exports are expected to see positive growth in the coming months. He said that countries in the world are facing a slowdown and global trade is relatively weak right now.  Given the challenging situation, the minister said high interest rates, and cut down in discretionary spending have led to a fall in the exports of ready-made apparel and the gem and jewellery secto...
India`s trade deficit falling at rapid pace; exports to see positive growth in coming months: Piyush Goyal
India`s trade deficit falling at rapid pace; exports to see positive growth in coming months: Piyush Goyal
Source: Accord Fintech
25/08/2023 11:25:25 AM
Gujarat Ambuja Exports zooms on receiving NOC for setting up Greenfield Corn Wet Milling Plant in Gujarat Gujarat Ambuja Exports is currently trading at Rs. 257.90, up by 12.85 points or 5.24% from its previous closing of Rs. 245.05 on the BSE. The scrip opened at Rs. 240.05 and has touched a high and low of Rs. 261.20 and Rs. 240.05 respectively. So far 45070 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 318.55 on 23-Sep-2022 and a 52 week low of Rs. 224.20 on 01-Mar-2023. Last one week high and low of the scrip ...
Gujarat Ambuja Exports zooms on receiving NOC for setting up Greenfield Corn Wet Milling Plant in Gujarat
Gujarat Ambuja Exports zooms on receiving NOC for setting up Greenfield Corn Wet Milling Plant in Gujarat
Source: Accord Fintech
24/08/2023 11:52:09 AM
Indian embassies, consulates well-placed to help country`s businesses explore new markets for exports: Rajkumar Ranjan Singh Union Minister of State for External Affairs Rajkumar Ranjan Singh has said that Indian embassies and consulates are well-placed to help the country's businesses explore new markets for exports. He said India's growth and prosperity are intrinsically linked to its ability to tap into global markets and focusing on the incredible products and services that it has to offer. He stated that India has representation in almost all the countries of the world. He said ‘Our embassies ...
Indian embassies, consulates well-placed to help country`s businesses explore new markets for exports: Rajkumar Ranjan Singh
Indian embassies, consulates well-placed to help country`s businesses explore new markets for exports: Rajkumar Ranjan Singh
Source: Accord Fintech
24/08/2023 10:53:33 AM
India diesel exports to Singapore set for highs in August , drop for Europe -trade India's diesel exports to Singapore are set to hit a 19-month high in August and exceed 330,000 metric tons, boosted by cheaper freight costs and low inventories in the Asian oil hub, traders and analysts said. The country's exports of the fuel for August to Europe, on the other hand, are poised to fall to their lowest this year, according to one shiptracker, as shipments to the east are more profitable, but that situation may not last. The rise in Indian diesel exports to Singa...
India diesel exports to Singapore set for highs in August , drop for Europe -trade
India diesel exports to Singapore set for highs in August , drop for Europe -trade
Source: Reuters
24/08/2023 9:36:10 AM
Nepal faces onion shortage after India imposes 40% export duty Nepal is facing onion shortage after India imposed the 40 per cent export duty on the commodity. Since Tuesday, the Kalimati Fruit and Vegetable Market in Kathmandu wiped onion off its price list after exporters stopped importing onion from India. "We have 80 vendors that sell out onions but in the last two days, they are running out of the onion stock so we have wiped off the price list of onion because it is no more available," said Binay Shrestha, information officer of Kal...
Nepal faces onion shortage after India imposes 40% export duty
Nepal faces onion shortage after India imposes 40% export duty
Source: IANS
23/08/2023 4:02:44 PM
India not planning to restrict parboiled rice exports - food secretary India is not considering imposing any restrictions on the exports of non-basmati parboiled rice, Food Secretary Sanjeev Chopra said on Tuesday. Last month, India surprised buyers by imposing a ban on the export of widely consumed non-basmati white rice, following a ban on broken rice exports last year. Currently, there are no restrictions on the exports of parboiled rice, which constitutes nearly a third of India's total rice exports.
India not planning to restrict parboiled rice exports - food secretary
India not planning to restrict parboiled rice exports - food secretary
Source: Reuters
22/08/2023 12:12:44 PM
India`s July Russian oil imports dip; Saudi import down to 2-1/2-yr low -trade India's July crude oil imports from Russia dipped for the first time in nine months, while inbound shipments from Saudi Arabia tumbled to their lowest in 2-1/2 years following OPEC+ cuts, tanker data from trade and industry sources showed. Both China and India, the world's biggest and third-biggest oil importers, cut imports from Russia and Saudi Arabia in July after prices rose and as the two oil producers reduced output and crude oil shipments. Saudi Arabia volunteered to cut ...
India`s July Russian oil imports dip; Saudi import down to 2-1/2-yr low -trade
India`s July Russian oil imports dip; Saudi import down to 2-1/2-yr low -trade
Source: Reuters
22/08/2023 12:08:18 PM
India`s foreign trade crosses $800 billion mark in first half of 2023: GTRI Think tank Global Trade Research Initiative (GTRI) in a report has said that a healthy growth in India’s services segments has helped India's foreign trade (exports and imports of merchandise and services) to cross the $800 billion mark during the first half of 2023, despite a slowdown in global demand. India's foreign trade reached $800.9 billion during January-June 2023, exhibiting a decline of 2.5 per cent over the same period last year (January-June 2022).  According...
India`s foreign trade crosses $800 billion mark in first half of 2023: GTRI
India`s foreign trade crosses $800 billion mark in first half of 2023: GTRI
Source: Accord Fintech
22/08/2023 11:38:58 AM
Quote on the impact Export duty on Onions By Dr. V K Vijayakumar,Geojit Financial Services Below Quote on the impact Export duty on Onions 21 August 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. When Agri produce prices go up farmers will gain and consumers will lose. The government’s role is to strike a balance ensuring remunerative prices to farmers and reasonable prices to consumers. In this context, the decision to impose a 40% duty on export of onions is justified. It is normal for governments to intervene to hold pri...
Quote on the impact Export duty on Onions By Dr. V K Vijayakumar,Geojit Financial Services
Quote on the impact Export duty on Onions By Dr. V K Vijayakumar,Geojit Financial Services
Source: Geojit Financial Services
21/08/2023 7:48:38 PM
Government imposes 40% duty on onion export The government on Saturday imposed a 40 per cent export duty on onion exports till December 31. The announcement was made through a notification on Saturday. This notification shall come into force with immediate effect, and will remain in force up to and inclusive of the December 31, 2023. The prices of several vegetables including onion, potato and tomatoes have skyrocketed in last few weeks. Following the soaring prices of tomatoes, the government decided that it will sell tomatoe...
Government imposes 40% duty on onion export
Government imposes 40% duty on onion export
Source: IANS
20/08/2023 8:57:12 AM
India sees 58% surge in deal values driven by big-ticket transactions   India saw 95 deals amounting to $3.1 billion in the month of July, a 58 per cent increase in value terms (year-on-year), a report showed on Friday. July saw deal volumes up by 46 per cent (YoY) compared to the same period in 2022, according to the report by Grant Thornton Bharat. The catalyst for this growth was the emergence of nine big-ticket transactions valued over $100 million, aggregating an impressive $2.1 billion. “While the cross-border transactions propelled...
India sees 58% surge in deal values driven by big-ticket transactions
India sees 58% surge in deal values driven by big-ticket transactions
Source: IANS
18/08/2023 12:42:25 PM
India considers wheat imports from Russia at discount to calm prices India is in talks with Russia to import wheat at a discount to surging global prices in a rare move to boost supplies and curb food inflation ahead of state and national elections next year, according to four sources. The imports would allow New Delhi to intervene more effectively in the market to drive down wheat prices that stoked inflation to a 15-month high in July. "The government is exploring the possibility of imports through private trade and government-to-government deals....
India considers wheat imports from Russia at discount to calm prices
India considers wheat imports from Russia at discount to calm prices
Source: Reuters
17/08/2023 12:51:57 PM
India`s trade deficit stands at $20.67 billion for July 2023  India's trade deficit for July 2023 stood at $20.67 billion with imports worth $52.92 billion and exports worth $32.25 billion. Trade deficit for the corresponding period of last year stood at $25.43 billion. In June 2023, trade deficit had slid to $20.13 billion, compared to $22.1 billion in May 2023. Thus, the July trade deficit is slightly higher than June numbers, according to figures released by the Commerce Ministry on Monday. Meanwhile, merchandise trade exports...
India`s trade deficit stands at $20.67 billion for July 2023
India`s trade deficit stands at $20.67 billion for July 2023
Source: IANS
14/08/2023 5:53:24 PM
India`s merchandise trade deficit at $20.67 billion in July  India's merchandise trade deficit in July stood at $20.67 billion, according to a Reuters calculation based on export and import data released by the government on Monday. Economists expected a July trade deficit of $21 billion, according to a Reuters poll. Merchandise exports stood at $32.25 billion, while imports were $52.92 billion in July, government data showed. In the previous month, merchandise exports were $32.97 billion, while imports stood at $53.10 billion. Servi...
India`s merchandise trade deficit at $20.67 billion in July
India`s merchandise trade deficit at $20.67 billion in July
Source: Reuters
14/08/2023 2:52:36 PM
Tunisia, Libya to create trade corridor towards sub-Saharan Africa  Tunisia and Libya have agreed to create a continental trade corridor that will connect the two countries to sub-Saharan Africa, media reported. The decision was officially approved on Thursday evening in the Tunisian capital, Tunis, during a meeting between the Tunisian Minister of Trade and Export Promotion Kalthoum Ben Rejeb and the Libyan Minister of Economy and Trade Mohammed Al-Haweij, Xinhua news agency reported on Friday. The two Ministers also signed several memorandums of...
Tunisia, Libya to create trade corridor towards sub-Saharan Africa
Tunisia, Libya to create trade corridor towards sub-Saharan Africa
Source: IANS
12/08/2023 9:28:58 AM
India starts importing tomatoes from Nepal amid price spike  India has started importing tomatoes from Nepal, India's finance minister said on Thursday amid a record high spike in prices in the country. The first lot of imports are likely to reach by Friday in Varanasi, Lucknow and Kanpur cities in northern India, Finance Minister Nirmala Sitharaman told the parliament. Tomato prices have surged more than 1,400% at the wholesale market to a record 140 rupees ($1.69) per kg in the past three months, with farmers citing reasons including ...
India starts importing tomatoes from Nepal amid price spike
India starts importing tomatoes from Nepal amid price spike
Source: Reuters
10/08/2023 1:44:21 PM
India's imports from China across at least 25 major commodity groups rise on year  India's imports from China across at least 25 major commodity groups such as consumer electronics, auto components, and iron and steel products rose in fiscal 2023, the government told parliament on Wednesday. The statement, which listed Chinese imports in a total of 31 commodity groups, comes amid New Delhi's concerted efforts to reduce its trade deficit with China since border tensions flared in 2020. Imports of electronics instruments from China grew 14% year-on-year in...
India's imports from China across at least 25 major commodity groups rise on year
India's imports from China across at least 25 major commodity groups rise on year
Source: Reuters
10/08/2023 9:04:33 AM
India`s rice export ban could hit planting, farm income -farmers`body Rice planting in India could fall by 5% as New Delhi's decision to ban non-basmati white rice exports will cut farm income and encourage growers to switch to other crops, a leading farmers' group with close ties to the ruling Bharatiya Janata Party said.    The world's biggest rice exporter - accounting for more than 40% of global supplies of the staple - last month ordered a halt to non-basmati white rice exports, driving prices to multi-year highs. "The...
India`s rice export ban could hit planting, farm income -farmers`body
India`s rice export ban could hit planting, farm income -farmers`body
Source: Reuters
8/08/2023 5:13:11 PM
India`s bulk drug imports from China rise to 75% in FY23 in terms of volume: Care Ratings Expressing some cautiousness over the country’s pharma imports, Care Ratings in its latest report has said that India’s bulk drug imports from China increased in terms of value and volume from 64% and 62% during FY14 to 71% and 75% during FY23, respectively. In terms of value, during FY14 to FY23, the total bulk drug imports increased at a compounded annual growth rate (CAGR) of about 7% as against 9% from China. It added that the country continues to depend on Chinese shipments d...
India`s bulk drug imports from China rise to 75% in FY23 in terms of volume: Care Ratings
India`s bulk drug imports from China rise to 75% in FY23 in terms of volume: Care Ratings
Source: Accord Fintech
7/08/2023 2:25:36 PM
Thailand's rice exports benefiting from India's export ban - minister Thailand is benefiting from India's rice export ban and has no reason to halt shipments of the grain itself, its commerce minister said on Monday. The government would ensure sufficient rice output for both domestic consumption and exports, and also make sure domestic prices are not too high, minister Jurin Laksanawisit told a press briefing. In the first seven months, Thailand shipped 4.8 million metric tons, he said, adding monthly exports stood at 700,000 to 800,000 metric tons. ...
Thailand's rice exports benefiting from India's export ban - minister
Thailand's rice exports benefiting from India's export ban - minister
Source: Reuters
7/08/2023 2:17:56 PM
Government defers implementation order of restrictions on imports of laptops, computers till October 31 The government has deferred the implementation of the import restriction order on laptops and computers (including tablet computers) by about three months till October 31, 2023. A move that gives more time to electronic companies to import these devices without a licence. Now, these companies would need to take a licence from the government to import these devices from November 1. On August 3, the government put the import of these devices under a licence regime with immediate effect. Subs...
Government defers implementation order of restrictions on imports of laptops, computers till October 31
Government defers implementation order of restrictions on imports of laptops, computers till October 31
Source: Accord Fintech
7/08/2023 10:13:33 AM
Reliance India's exports cross Rs 3.4 trillion Reliance India Limited's exports for the year was Rs 3,40,048 crore (US$ 41.4 billion),  a strong jump of 33.4 per cent from FY22 exports of Rs 2,54,970 crore (US$ 33.6 billion). The increase in exports were led by higher price realisations despite lower downstream product volumes, mentioned the annual report. India's merchandise exports crossed $447 billion during FY23. Reliance represented 9.2 per cent of India’s total merchandise exports. Reliance Industries is ...
Reliance India's exports cross Rs 3.4 trillion
Reliance India's exports cross Rs 3.4 trillion
Source: IANS
6/08/2023 5:32:31 PM
Global rice price index at highest since 2011 after India restricts exports The UN's Food and Agriculture Organization's (FAO) All Rice Price Index increased by 2.8 prcent on the month and 19.7 percent on the year to reach its highest nominal level since September 2011, as India’s 20 July prohibition of non-parboiled Indica exports fostered expectations of greater sales in other origins, amplifying upward pressure already exerted on prices by seasonally tighter supplies and Asian purchases. This upward pressure of rice prices “raises substantia...
Global rice price index at highest since 2011 after India restricts exports
Global rice price index at highest since 2011 after India restricts exports
Source: IANS
5/08/2023 1:03:02 PM
India's license mandate for laptop, tablet imports, in compliance with WTO  India will impose a licensing requirement for imports of laptops, tablets and personal computers to ensure security of its citizens, a source familiar with the matter told Reuters on Thursday, adding the decision was in compliance with the World Trade Organization's requirements.
India's license mandate for laptop, tablet imports, in compliance with WTO
India's license mandate for laptop, tablet imports, in compliance with WTO
Source: Reuters
3/08/2023 4:08:00 PM
Shifting away from crude oil imports could lead to a reduction in carbon emissions, energy security, and empowering farmers: PHD Chamber  Major agricultural countries with ample land mass, including the USA, Canada, Australia, China, India, Brazil, France, Germany, Japan, South Africa, and others, possess enough renewable biomass to reduce their dependence on petroleum refineries for fuels and petrochemicals used in the production of everyday chemicals and consumer products. Shifting away from crude oil imports could lead to a reduction in carbon emissions, energy security, and empowering farmers. "Using sustainab...
Shifting away from crude oil imports could lead to a reduction in carbon emissions, energy security, and empowering farmers: PHD Chamber
Shifting away from crude oil imports could lead to a reduction in carbon emissions, energy security, and empowering farmers: PHD Chamber
Source: PR Agency
2/08/2023 5:28:23 PM
DGCA greenlights Air India, IndiGo`s aircraft imports The Directorate General of Civil Aviation (DGCA) has granted in-principle approval to Air India and IndiGo for the import of 470 and 500 aircraft, respectively, the Parliament was told on Monday. Minister of State for Civil Aviation, Gen V.K. Singh (retd), in a written reply, told the Rajya Sabha that the details of the aircraft approved for import by the DGCA are enclosed as an annexure, but information regarding the cost of acquisition of these aircraft, being of commercial nature betwee...
DGCA greenlights Air India, IndiGo`s aircraft imports
DGCA greenlights Air India, IndiGo`s aircraft imports
Source: IANS
1/08/2023 10:01:06 AM
Vietnam food Association official says no immediate plan to curb rice exports Vietnam has no immediate plans to restrict its rice exports, a senior official of the country's food association said on Monday, after India's export curbs sparked worries about global supplies of the staple. "At the moment, Vietnamese companies are exporting rice normally," said the official of Vietnam Food Association, which represents the country's rice processors and exporters and works closely with the government, under condition of anonymity. India, which acc...
Vietnam food Association official says no immediate plan to curb rice exports
Vietnam food Association official says no immediate plan to curb rice exports
Source: Reuters
31/07/2023 5:56:59 PM
India basmati rice exporters get requests for early shipments Indian rice exporters have been receiving requests from buyers to advance shipments of basmati rice after New Delhi banned exports of non-basmati white rice to dampen local prices, industry officials told Reuters. The world's biggest exporter of rice surprised buyers earlier this month by imposing a ban on exports of non-basmati white rice after retail rice prices climbed 3% in a month after late but heavy monsoon rains caused significant damage to crops. "Buyers are requesting...
India basmati rice exporters get requests for early shipments
India basmati rice exporters get requests for early shipments
Source: Reuters
31/07/2023 4:07:55 PM
Shreeji Translogistics zooms on signing new contract with Cathay Pacific Airways Shreeji Translogistics zooms on signing new contract with Cathay Pacific Airways Jul-26-2023   15:10 Hrs IST Shreeji Translogistics is currently trading at Rs. 69.25, up by 4.16 points or 6.39% from its previous closing of Rs. 65.09 on the BSE. The scrip opened at Rs. 68.98 and has touched a high and low of Rs. 70.00 and Rs. 66.71 respectively. So far 40599 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high o...
Shreeji Translogistics zooms on signing new contract with Cathay Pacific Airways
Shreeji Translogistics zooms on signing new contract with Cathay Pacific Airways
Source: Accord Fintech
26/07/2023 3:37:06 PM
India pharma exports soaring despite cough syrup deaths - trade body India's pharmaceutical exports this fiscal year are set to grow nearly twice as fast as last year to hit sales of $27 billion, driven by strong U.S. buying, a government-backed trade body told Reuters, despite deaths linked to Indian-made cough syrups. The robust forecast comes against the backdrop of earlier concerns from the government that last year's deaths of dozens of children in Gambia, which the World Health Organization (WHO) linked to drugs made in India, had "advers...
India pharma exports soaring despite cough syrup deaths - trade body
India pharma exports soaring despite cough syrup deaths - trade body
Source: Reuters
26/07/2023 12:42:31 PM
Kings Infra Ventures shines on signing long-term export, joint branding deal with Shanghai RSF Kings Infra Ventures is currently trading at Rs. 121.40, up by 5.10 points or 4.39% from its previous closing of Rs. 116.30 on the BSE. The scrip opened at Rs. 121.00 and has touched a high and low of Rs. 123.50 and Rs. 119.95 respectively. So far 63484 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 126.00 on 13-Jun-2023 and a 52 week low of Rs. 67.70 on 29-Jul-2022. Last one week high and low of the scrip sto...
Kings Infra Ventures shines on signing long-term export, joint branding deal with Shanghai RSF
Kings Infra Ventures shines on signing long-term export, joint branding deal with Shanghai RSF
Source: Accord Fintech
26/07/2023 11:21:47 AM
India`s engineering exports fell 11% year-on-year to $8.53 billion: EEPC The Engineering Exports Promotion Council of India (EEPC) has said that India's engineering exports declined for the third straight month in June 2023, falling 11 per cent year-on-year to $8.53 billion. It stated that India's engineering exports to major markets like the United States, the European Union (EU) and China continued to decline in June 2023, reflecting a challenging global trade environment.  However, it said the country's shipments to West Asia and North Afric...
India`s engineering exports fell 11% year-on-year to $8.53 billion: EEPC
India`s engineering exports fell 11% year-on-year to $8.53 billion: EEPC
Source: Accord Fintech
24/07/2023 10:15:29 AM
Rice prices set to climb further after India export ban, trade at standstill Asian rice trade paused on Friday to digest the previous day's ban by India, by far the world's biggest supplier, of a major share of its exports of the staple, with prices expected to climb substantially in coming days, three traders said. India, which accounts for 40% of world rice exports, on Thursday ordered a halt to its largest rice export category to reduce domestic prices, which have climbed to multi-year highs in recent weeks as erratic weather threatens production. &qu...
Rice prices set to climb further after India export ban, trade at standstill
Rice prices set to climb further after India export ban, trade at standstill
Source: Reuters
21/07/2023 10:45:49 AM
Top buyer India`s sunoil imports to fall as Black Sea grain deal expires India's imports of sunflower oil are likely to fall in the coming months as it becomes uncompetitive against rival oils due to rising prices after Russia withdrew from the Black Sea grain deal, industry officials told Reuters. The drop in sunflower oil imports would force the world's biggest buyer of vegetable oils to increase purchases of palm oil and soyoil to compensate. A year-long deal allowing the safe Black Sea export of Ukraine's grain expired on Monday after Russia ...
Top buyer India`s sunoil imports to fall as Black Sea grain deal expires
Top buyer India`s sunoil imports to fall as Black Sea grain deal expires
Source: Reuters
19/07/2023 2:17:10 PM
Commerce ministry looking at fixing this fiscal year`s export target in range instead of single figure Amid increasing global economic uncertainties, the commerce ministry is looking at fixing this fiscal year's export target in a range instead of a single figure and for this, a detailed study on 200 countries and 31 commodity groups is in the process. Various parameters will be considered while fixing the target range such as the $1 trillion merchandise exports target by 2030; import to GDP ratio of importing countries; export to GDP ratio of India that will tell the potential and past...
Commerce ministry looking at fixing this fiscal year`s export target in range instead of single figure
Commerce ministry looking at fixing this fiscal year`s export target in range instead of single figure
Source: Accord Fintech
19/07/2023 12:59:00 PM
Decline in Chinese garment exports to Japan provides immense opportunity for Indian apparel industry: AEPC Chairman The Apparel Export Promotion Council (AEPC) Chairman Naren Goenk has said that decline in Chinese garment exports to Japan provides an immense opportunity for the Indian apparel industry to boost shipments to the island nation. He said a strong Indian garment industry with its unique offerings has a huge scope for Japanese trading companies to source from India.  Moreover, Goenk said the duty-free access for Indian ready-made garments post-Indo-Japan free trade agreement as against ab...
Decline in Chinese garment exports to Japan provides immense opportunity for Indian apparel industry: AEPC Chairman
Decline in Chinese garment exports to Japan provides immense opportunity for Indian apparel industry: AEPC Chairman
Source: Accord Fintech
19/07/2023 12:13:19 PM