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India`s export outlook brighter as manufactured goods gain share: RBI The outlook for India’s exports is brightening as underneath the subdued growth profile of the past few months, the country has been gaining a share in global trade of key manufacturing items, according to the RBI bulletin for November.  “In fact, India currently holds 13 per cent or a sixth of the global market share in petroleum products, attesting to rising refining capabilities and ability to meet international standards,” the report states. It is the largest ...
India`s export outlook brighter as manufactured goods gain share: RBI
India`s export outlook brighter as manufactured goods gain share: RBI
Source: IANS
2024-11-21 02:31:08 pm
Outbound shipments of services sectors likely to overtake merchandise exports by 2030: GTRI The Global Trade Research Initiative (GTRI) has said that India is set for a major change in its export trends, with outbound shipments of the services sectors expected to overtake merchandise exports by 2030 and touch $618 billion. It said between 2018-19 and 2023-24, the country's merchandise exports grew at a compound annual growth rate (CAGR) of 5.8 per cent, while services exports surged ahead at a robust CAGR of 10.5 per cent. GTRI said at this rate, by FY2030, services exports a...
Outbound shipments of services sectors likely to overtake merchandise exports by 2030: GTRI
Outbound shipments of services sectors likely to overtake merchandise exports by 2030: GTRI
Source: Accord Fintech
2024-11-21 11:29:10 am
Cambodia earns $472 million from rubber latex exports in 10 months Cambodia earned $472 million in revenue from exports of natural rubber latex in the first 10 months of 2024, up 22.5 per cent over the same period last year, an official report showed on Wednesday.  The kingdom exported 291,269 tonnes of the commodity during the January-October period this year, up 2.6 per cent over the same period last year, said the report of the General Directorate of Rubber, Xinhua news agency reported. "A ton of rubber latex averagely costs $1,621 during ...
Cambodia earns $472 million from rubber latex exports in 10 months
Cambodia earns $472 million from rubber latex exports in 10 months
Source: IANS
2024-11-21 09:05:16 am
Coal imports fall by Rs 13,629 crore in April-September as domestic output rises The import of coal by non-regulated sectors and domestic coal-based thermal power plants, for blending, declined by 9.83 per cent to 63.28 million tonnes (MT) from April to September 2024, from 70.18 MT in the same period last year, and by 8.6  per cent to 9.79 MT from 10.71 MT, respectively, the Ministry of Coal said on Wednesday.  "This demonstrates an increased reliance on domestic coal supplies for these sectors. However, there has been a rise in the import of coking coa...
Coal imports fall by Rs 13,629 crore in April-September as domestic output rises
Coal imports fall by Rs 13,629 crore in April-September as domestic output rises
Source: IANS
2024-11-20 04:05:50 pm
India producing 330 mn tonnes food grains, generating $50 bn in exports: Agriculture Minister  India now produces 330 million tonnes of food grains annually, contributing significantly to global food trade and generating $50 billion in export earnings”, Union Agriculture Minister Shivraj Singh Chouhan said on Tuesday. Addressing the ‘Global Soils Conference 2024’ in the national capital via videoconferencing, the agriculture minister said the government is committed to supporting initiatives that ensure sustainable and profitable agriculture, resilient ecosys...
India producing 330 mn tonnes food grains, generating $50 bn in exports: Agriculture Minister
India producing 330 mn tonnes food grains, generating $50 bn in exports: Agriculture Minister
Source: IANS
2024-11-20 10:47:49 am
Meghalaya exports one MT Khasi Mandarin oranges to Dubai Meghalaya exported one Metric Tonne (MT) of Khasi Mandarin oranges to Dubai through Air India Cargo, officials said on Tuesday. Meghalaya government’s Department of Agriculture and Farmers Welfare exported the season’s first consignment of Khasi Mandarin, which was transported via Air India Cargo from Guwahati Customs to Dubai on Monday, marking the first-ever direct export shipment from the northeastern region using this route. The Khasi Mandarin oranges obtained the Geogra...
Meghalaya exports one MT Khasi Mandarin oranges to Dubai
Meghalaya exports one MT Khasi Mandarin oranges to Dubai
Source: IANS
2024-11-19 03:45:34 pm
Gross exports of gems and jewellery from India see over 9 pc growth in Oct The overall gross exports of gems and jewellery from India stood at Rs 25,194 crore in October, a growth of 9.18 per cent compared to Rs 22,857.16 crore in the same month last year, bringing relief for the industry amid volatility in markets, according to a data released by the Gems and Jewellery Export Promotion Council (GJEPC) on Monday.   The overall imports of gems and jewellery for October stood at Rs 12,489.33 crore, showing a decline of 14.65 per cent as compared to Rs 14,496.0...
Gross exports of gems and jewellery from India see over 9 pc growth in Oct
Gross exports of gems and jewellery from India see over 9 pc growth in Oct
Source: IANS
2024-11-19 09:28:53 am
Electronics, engineering, agricultural goods propel India`s export growth: CRISIL India's core group exports surged 27.7 per cent in October with growth being particularly strong in categories such as engineering goods, electronic goods, chemicals, textiles, marine products and rice, according to a CRISIL report released on Monday.   Growth improved for key core sectors such as engineering goods (39.4 per cent vs 10.6 per cent), drugs and pharmaceuticals (8.2 per cent vs 7.2 per cent), organic and inorganic chemicals (27.4 per cent vs 11.2 per cent) and electro...
Electronics, engineering, agricultural goods propel India`s export growth: CRISIL
Electronics, engineering, agricultural goods propel India`s export growth: CRISIL
Source: IANS
2024-11-18 03:33:19 pm
Indian tyre makers set for 7-8 pc revenue growth this fiscal The tyre makers in India are likely to see revenue growth of 7-8 per cent this fiscal (FY25), driven by a 3-4 per cent increase in both realisations and volume, according to a report on Monday.  Revenue will grow in single digit for the second straight year (albeit nearly double that of last fiscal) and after logging a compound annual growth rate of 21 per cent between fiscals 2021 and 2023, said a Crisil Ratings report. Domestic demand accounts for 75 per cent of the industry&rsqu...
Indian tyre makers set for 7-8 pc revenue growth this fiscal
Indian tyre makers set for 7-8 pc revenue growth this fiscal
Source: IANS
2024-11-18 11:20:59 am
India`s overall textiles exports surge 11.6% in October The Confederation of Indian Textile Industry (CITI) in its report, citing government data, has said that textiles exports from India during October were about 11.56 per cent higher at $1,833.95 million, compared to the same month last year. At the same time, apparel exports registered a significant growth of 35.06 per cent during the same period October at $1,227.44 million.  It said cumulative exports of textiles and apparel in October 2024 increased by 19.93 per cent compared to Oct...
India`s overall textiles exports surge 11.6% in October
India`s overall textiles exports surge 11.6% in October
Source: Accord Fintech
2024-11-18 10:10:19 am
India`s spice exports projected to reach $10 billion by 2030 the domestic spice exports market is likely to reach $10 billion by 2030, entering newer geographies, according to Ramkumar Menon, chairman of the World Spice Organisation (WSO).  At the ‘National Spice Conference (NSC) 2024’ event in Ahmedabad, Menon said the spice export growth in the first half this fiscal has seen 8.8 per cent growth (year-on-year). India’s spice exports for the first half of FY24 reached Rs 17,488 crore ($2.09 billion), according to Menon. Th...
India`s spice exports projected to reach $10 billion by 2030
India`s spice exports projected to reach $10 billion by 2030
Source: IANS
2024-11-16 11:28:33 am
India`s Cotton Market Sees Imports Surge Amid Domestic Price Pressure by Amit Gupta, Kedia Advisory The Indian cotton market in MY 2024/25 faces significant shifts, with exports expected to fall by 55% to 1.2 million 480-lb bales due to higher domestic prices outpacing global levels. This trend has led to a sharp increase in imports, forecasted at 2 million 480-lb bales, a 67% rise from earlier estimates. Declining cotton acreage, with a 9% year-on-year reduction in sowing, has compounded production challenges, though yields in southern India offset some losses. The rise in domestic consump...
India`s Cotton Market Sees Imports Surge Amid Domestic Price Pressure by Amit Gupta, Kedia Advisory
India`s Cotton Market Sees Imports Surge Amid Domestic Price Pressure by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-16 10:06:11 am
Japan`s GDP Growth Slows in Q3 Amid Weak Exports by Amit Gupta, Kedia Advisory Japan's GDP grew 0.9% year-on-year in Q3, slightly exceeding expectations but marking a sharp slowdown from the previous quarter's revised 2.2%. Quarter-on-quarter, growth was just 0.2%, driven primarily by private consumption, which grew 0.9%, far surpassing expectations. However, external demand fell by 0.4%, signaling challenges for exporters amid a stronger yen earlier in the quarter. Inflation growth also slowed, as indicated by a softer GDP price index. The subdued GDP data cast...
Japan`s GDP Growth Slows in Q3 Amid Weak Exports by Amit Gupta, Kedia Advisory
Japan`s GDP Growth Slows in Q3 Amid Weak Exports by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-16 09:55:51 am
Oilmeals Export Drops 7% in April-October FY25 by Amit Gupta, Kedia Advisory India's oilmeals export declined by 7% in the first seven months of FY25, with rapeseed meal exports falling by 25% due to higher global pricing. SEA data reveals that India exported 23.88 lakh tonnes of oilmeals from April to October 2024-25, compared to 25.66 lakh tonnes in the same period last year. While rapeseed meal exports dropped to 11.76 lakh tonnes, soyabean meal exports surged to 10.24 lakh tonnes due to increased demand from UAE, Iran, and France. A global oversupply of soyabe...
Oilmeals Export Drops 7% in April-October FY25 by Amit Gupta, Kedia Advisory
Oilmeals Export Drops 7% in April-October FY25 by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-15 05:10:19 pm
India`s total exports likely to surpass $800 billion in coming months: Industry Driven by the resilient and strong momentum of exports in the current financial year (FY25), industry experts on Friday said they are highly optimistic about India’s total exports surpassing $800 billion in the coming months.  India’s exports accelerated to over $73 billion in October from more than 61 billion in the same month last year, registering above 19 per cent growth. The cumulative total exports during April-October 2024 grew at above 7 per cent, from $436.4 bi...
India`s total exports likely to surpass $800 billion in coming months: Industry
India`s total exports likely to surpass $800 billion in coming months: Industry
Source: IANS
2024-11-15 02:19:01 pm
Indian economy to touch $7 trillion mark by 2031 The Indian economy is expected to clock a medium-term growth of 6.7 per cent on average between fiscal 2025 and 2031, and touch the $7 trillion mark, according to a report by rating agency CRISIL. This would be similar to the 6.6 per cent growth seen in the pre-pandemic decade, driven by a capex push and surge in productivity. The report projects India's Gross Domestic Product (GDP) growth at 6.8 per cent during the current financial year as high interest rates and stricter lending ...
Indian economy to touch $7 trillion mark by 2031
Indian economy to touch $7 trillion mark by 2031
Source: IANS
2024-11-15 12:13:50 pm
India`s merchandise exports surge 17.25 pc in October India’s merchandise exports jumped by a robust 17.25 per cent to $39.20 billion during October this year, as compared to $33.43 billion during the same month last year, figures released by the Commerce and Industry Ministry on Thursday showed.   The double-digit growth in exports amid the slowdown in global trade was driven by engineering goods, electronic goods, organic and inorganic chemicals, and textiles which reflects the growing strength of India’s manufacturing sect...
India`s merchandise exports surge 17.25 pc in October
India`s merchandise exports surge 17.25 pc in October
Source: IANS
2024-11-14 06:11:58 pm
Auto exports set fresh high in South Korea on hybrid models South Korea's car exports rose 5.5 per cent on-year in October to reach a new record, data showed on Thursday, driven by the global popularity of eco-friendly models, including hybrid vehicles.  The combined value of vehicle shipments reached $6.2 billion last month, marking the highest amount for any October, according to data compiled by the Ministry of Trade, Industry and Energy, reports Yonhap news agency. The number of cars shipped totalled 243,367, up 8.1 per cent from a ...
Auto exports set fresh high in South Korea on hybrid models
Auto exports set fresh high in South Korea on hybrid models
Source: IANS
2024-11-14 09:49:43 am
India`s Palm Oil Imports Surge 60% in October Festive Demand by Amit Gupta, Kedia Advisory India’s palm oil imports soared 60% month-on-month in October to 845,682 metric tons, driven by festive demand and replenished stocks, the Solvent Extractors' Association (SEA) reported. This rise could pressure global palm oil stocks in Indonesia and Malaysia. Meanwhile, soyoil imports dropped 11%, and sunflower oil imports rose 56.5%. Total vegetable oil imports for the 2023-24 year fell 3% to 16.2 million tons due to improved domestic production and reduced demand from higher pri...
India`s Palm Oil Imports Surge 60% in October Festive Demand by Amit Gupta, Kedia Advisory
India`s Palm Oil Imports Surge 60% in October Festive Demand by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-13 06:09:28 pm
India`s Apr-Oct finished steel imports at seven-year high India's finished steel imports during April-October surged to a seven-year high at 5.7 million metric tons, according to provisional government data reviewed by Reuters on Wednesday. India, the world's second-biggest crude steel producer, had turned a net importer during 2023/24 and the trend has continued during April-October, the data showed. During April-September, China was the lead exporter of finished steel to India and this is widely expected to be the case during April-O...
India`s Apr-Oct finished steel imports at seven-year high
India`s Apr-Oct finished steel imports at seven-year high
Source: Reuters
2024-11-13 02:38:13 pm
India`s merchandise exports to grow 1.85% in Oct-Dec 2024: Exim Bank The Export Import Bank of India has said that India's merchandise exports are likely to grow 1.85 per cent to $107.5 billion in the October-December period of 2024. The non-oil exports will grow 7.39 per cent to $91.7 billion. Non-oil and non-gems and jewellery exports are forecast to amount $82.7 billion, which will be a growth of 7.8 per cent over the last year. It said positive growth in India's exports could be as a result of India's continued strong economic activity backe...
India`s merchandise exports to grow 1.85% in Oct-Dec 2024: Exim Bank
India`s merchandise exports to grow 1.85% in Oct-Dec 2024: Exim Bank
Source: Accord Fintech
2024-11-13 12:40:52 pm
Government`s biofuel drive has saved Rs 91,000 crore in oil import bills: Hardeep Puri Petroleum Minister Hardeep Singh Puri said on Tuesday that India’s current biofuel blending rate has reached 16.9 per cent, putting the country on track to reach the 20 per cent target set for 2025-26.    “As a result of the Govt. of India’s biofuel initiatives, we have saved Rs 91,000 crore in import bills parallelly giving a much-needed boost to the agriculture sector,” he added. He also said that India ranks second globally in biofuel blending, undersco...
Government`s biofuel drive has saved Rs 91,000 crore in oil import bills: Hardeep Puri
Government`s biofuel drive has saved Rs 91,000 crore in oil import bills: Hardeep Puri
Source: IANS
2024-11-13 10:43:56 am
Hyundai Motor India`s Q2 profit drops 16.5% on weak demand, Red Sea export disruptions Hyundai Motor India, the country's No.2 carmaker by market share, reported a 16.5% decline in quarterly profit due to lower domestic sales and as Red Sea disruptions hurt exports, its first earnings report since listing showed on Tuesday. The company's shares fell nearly 3% before recovering to trade down about 1% in late afternoon trading. Hyundai, which makes the 'Creta' SUV, said its standalone profit dropped to 13.38 billion rupees ($158.6 million) in the second quar...
Hyundai Motor India`s Q2 profit drops 16.5% on weak demand, Red Sea export disruptions
Hyundai Motor India`s Q2 profit drops 16.5% on weak demand, Red Sea export disruptions
Source: Reuters
2024-11-12 03:41:01 pm
India moving towards gas-based economy from imported crude-based economy: Hardeep Singh Puri Union Minister Hardeep Singh Puri has highlighted that India is moving towards a gas-based economy from the imported crude-based economy for its energy requirements. He said in recent years the government has taken transformative steps to increase domestic gas production and reduce India's reliance on imports. Currently, India imports about 50 per cent of its natural gas needs, but with new investments in the upstream sector, this dependence is expected to come down over time. The mini...
India moving towards gas-based economy from imported crude-based economy: Hardeep Singh Puri
India moving towards gas-based economy from imported crude-based economy: Hardeep Singh Puri
Source: Accord Fintech
2024-11-12 02:32:43 pm
India thermal coal imports fall at fastest pace in 15 months  India's imports of thermal coal plunged by about a third on an annual basis in October, according to data analytics firms Bigmint and Kpler, due to slowing power generation and higher clean energy output. Shipments into the world's second-largest coal importer plunged 31.8% to 13.56 million metric tons, Bigmint data showed. This was the fastest rate of contraction in fifteen months, and the first consecutive decline since July 2023. Traders expect Indian purchases to pick ...
India thermal coal imports fall at fastest pace in 15 months
India thermal coal imports fall at fastest pace in 15 months
Source: IANS
2024-11-12 01:54:05 pm
India`s solar product exports record over 20-fold jump to $2 bn in last 2 years India’s exports of solar photovoltaic (PV) products surged 23 times to $2 billion in the fiscal year (FY) 2024 from FY22, according to a new report.  This marks a significant progress in India transitioning from a net importer to a net exporter of solar products, according to a report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics. Among the factors listed for the increase in exports is that other countries are mow co...
India`s solar product exports record over 20-fold jump to $2 bn in last 2 years
India`s solar product exports record over 20-fold jump to $2 bn in last 2 years
Source: IANS
2024-11-12 12:49:12 pm
Collective effort needed to meet $2 trillion export target by 2030: Piyush Goyal Union Minister of Commerce and Industry Piyush Goyal has said that a $2 trillion export can only be achieved by collective efforts of all stakeholders. Goyal emphasized that this goal requires a strategic and collaborative effort, building on the momentum of India’s expected $800 billion in exports this year. He said ‘Let us partner to achieve the export target of $2 trillion by 2030. Given that we will cross $800 billion this year, we will need to really put in a lot of effort...
Collective effort needed to meet $2 trillion export target by 2030: Piyush Goyal
Collective effort needed to meet $2 trillion export target by 2030: Piyush Goyal
Source: Accord Fintech
2024-11-12 11:37:56 am
Bangladesh earns nearly $16 billion in exports in 4 months of current fiscal year  Bangladesh exported goods worth $4.13 billion in October, which was more than 20 per cent higher than the same month a year ago, according to the latest official data.  Of the total earnings, the Export Promotion Bureau (EPB) data on Sunday showed the country's income from ready-made knitwear and woven garment items surged over 22 per cent to 3.3 billion dollars during the cited period, reports Xinhua news agency. The EPB data showed that Bangladesh's total exports in...
Bangladesh earns nearly $16 billion in exports in 4 months of current fiscal year
Bangladesh earns nearly $16 billion in exports in 4 months of current fiscal year
Source: IANS
2024-11-12 08:54:55 am
Philippines Corn Imports Surge as Tariffs Drop by 80% by Amit Gupta, Kedia Advisory The Philippines is experiencing a sharp increase in corn imports, projected at 1.5 million tons for 2024/25 due to lowered tariffs. Recent government initiatives have reduced in-quota tariffs from 35% to 5% and out-of-quota tariffs from 50% to 15%, making imported corn more affordable. This tariff reduction primarily benefits the livestock and poultry sectors, which are significant consumers of corn feed. However, domestic corn production remains constrained by factors like pest infestations ...
Philippines Corn Imports Surge as Tariffs Drop by 80% by Amit Gupta, Kedia Advisory
Philippines Corn Imports Surge as Tariffs Drop by 80% by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-11 12:09:57 pm
Vietnam`s Rice Exports Reach Record Levels Despite Production Drop by Amit Gupta, Kedia Advisory Vietnam’s rice exports are set to hit a record 8.9 million tons in 2024, despite a decline in domestic production. This increase is largely due to heightened demand from international markets such as the Philippines, Indonesia, and Malaysia. Vietnam's rice import volumes from Cambodia have also increased, helping meet this export demand. Cambodian farmers have shifted to higher-yield Vietnamese rice varieties, driven by Vietnamese investment. The availability of Cambodian paddy rice...
Vietnam`s Rice Exports Reach Record Levels Despite Production Drop by Amit Gupta, Kedia Advisory
Vietnam`s Rice Exports Reach Record Levels Despite Production Drop by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-11 12:03:26 pm
Chana Prices Plunge as Australian Imports and Sowing Begin by Amit Gupta, Kedia Advisory Chana (desi chickpea) prices have sharply declined as imports from Australia ramp up and sowing in India begins. Australian chana, harvested in bumper quantities and of high quality, has reached Indian markets through major trading firms, resulting in price corrections. Chana prices, which had soared above Rs.8,000 per quintal in early September, have now fallen to around Rs.7,200. Additional supplies from Tanzania and yellow peas imports further pressure prices. Though the government recentl...
Chana Prices Plunge as Australian Imports and Sowing Begin by Amit Gupta, Kedia Advisory
Chana Prices Plunge as Australian Imports and Sowing Begin by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-11 11:27:26 am
Confident of achieving $31 billion chemical export target in FY25: Raghuveer Kini The Basic Chemicals, Cosmetics and Dyes Export Promotion Council (CHEMEXCIL) Director General Raghuveer Kini has said that chemical export target of $31 billion for 2024-25 (FY25) will be achieved, as there is a healthy demand for 'made in India' chemicals in countries like Brazil, the US, Japan and Saudi Arabia. Kini said that the total exports of chemicals during April-September rose by 4.57 per cent to $14.1 billion. He stated ‘So far, we are registering good growth, and w...
Confident of achieving $31 billion chemical export target in FY25: Raghuveer Kini
Confident of achieving $31 billion chemical export target in FY25: Raghuveer Kini
Source: Accord Fintech
2024-11-11 11:11:02 am
India`s steel exports clock double digit growth in October India's steel exports recorded a double-digit growth of 11 per cent in October compared to the previous month, indicating an improved outlook for the sector, according to data compiled by the Ministry of Steel.    While the country's steel exports rose to 4.4 million lakh tonnes in October, from 4 lakh tonnes in September, there was a dip in imports which will help the domestic steel companies to fetch better prices for their products in the third quarter, a senior offici...
India`s steel exports clock double digit growth in October
India`s steel exports clock double digit growth in October
Source: IANS
2024-11-10 01:48:51 pm
Diesel vehicle imports more than halved to lowest in 20 years in South Korea The number of diesel cars imported to South Korea has plunged by more than 60 per cent so far this year, with their market share dipping to the lowest in 20 years, data showed on Sunday.  In the January-October period, the number of diesel vehicle imports came to 6,740, down 65.1 per cent from the same period last year, according to the data from the Korea Automobile Importers & Distributors Association (KAIDA). In October alone, the number plummeted 58.7 per cent on-year t...
Diesel vehicle imports more than halved to lowest in 20 years in South Korea
Diesel vehicle imports more than halved to lowest in 20 years in South Korea
Source: IANS
2024-11-10 10:34:35 am
India says oil prices would have rocketed without its Russian imports Global oil prices "would have hit the roof" if big importer India had not bought oil from Russia following the Ukraine war, India's oil minister said, adding that prices would determine where the country buys oil from. India, the world's third largest oil importer and consumer, has become the top buyer of discounted Russian sea-borne oil shunned by Western countries since Ukraine's invasion began in early 2022. Before that, India bought little oil from its long-runnin...
India says oil prices would have rocketed without its Russian imports
India says oil prices would have rocketed without its Russian imports
Source: Reuters
2024-11-09 10:52:47 am
India`s Steel Imports Surge, Led by Chinese Shipments by Amit Gupta, Kedia Advisory India saw a notable increase in steel imports from April to September, led predominantly by shipments from China, with other significant contributors being South Korea, Japan, and Vietnam. According to government data, India's steel imports rose by 42.2% year-on-year, with China alone accounting for 1.4 million metric tons. Hot-rolled coils emerged as the most imported product, making up 44% of the total finished steel imports. Despite being the world’s second-largest crude steel pr...
India`s Steel Imports Surge, Led by Chinese Shipments by Amit Gupta, Kedia Advisory
India`s Steel Imports Surge, Led by Chinese Shipments by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-08 04:43:37 pm
Brazil has potential to be major source for India`s urad, tur imports: Government The consumer affairs ministry said that Brazil has emerged as a supplier of urad in recent years and has the potential to become a major source for the import of India’s black gram (urad) and pigeon peas (tur) for the country. The quantity of urad import from Brazil has increased from 4,102 tonnes in the 2023 calendar year to over 22,000 tonnes till October end of 2024. According to the ministry, trade in pulses with countries like Brazil and Australia has been uniquely advantageous ...
Brazil has potential to be major source for India`s urad, tur imports: Government
Brazil has potential to be major source for India`s urad, tur imports: Government
Source: Accord Fintech
2024-11-08 12:46:09 pm
Tea producers of Asia targeting `untapped` African market to shore up exports: ATA Chairman Chairman of Asian Tea Alliance (ATA) Hemant Bangur has said that tea producers of Asia are now targeting the ‘untapped’ African market to shore up exports for which they plan to work out a strategy in this regard. ATA countries include India, Bangladesh, Indonesia, Nepal, and Sri Lanka. He said ‘Africa is a huge untapped and unpenetrated market. The existing export markets of Europe have become saturated. Asian tea producers consider Africa as a focussed market and we wil...
Tea producers of Asia targeting `untapped` African market to shore up exports: ATA Chairman
Tea producers of Asia targeting `untapped` African market to shore up exports: ATA Chairman
Source: Accord Fintech
2024-11-08 12:43:22 pm
India`s veg oil imports seen lower in 2024-25, industry group says  India's vegetable oil imports are estimated to decline further in the 2024-25 season to 15 million metric tons, as favourable weather will likely boost domestic production, an industry group said. India, the world's biggest vegetable oils importer, is estimated to have imported 16 million tons in the 2023-24 season that ended in October, said B V Mehta, executive director of The Solvent Extractors' Association of India. In the previous year, the country had imported 16.5 ...
India`s veg oil imports seen lower in 2024-25, industry group says
India`s veg oil imports seen lower in 2024-25, industry group says
Source: Reuters
2024-11-07 09:01:38 am
India`s export witnesses healthy gains in multiple sectors during last 5 years: commerce ministry The commerce ministry in its latest data has stated that India's export competitiveness has witnessed healthy gains in multiple sectors -- particularly petroleum, gemstones, agrochemicals and sugar -- during the last five years, as these segments have increased their share in global trade. The other sectors where the share of India's exports has increased during 2018 and 2023 are electrical goods, pneumatic tyres, taps and valves, and semiconductor devices.   The ministry...
India`s export witnesses healthy gains in multiple sectors during last 5 years: commerce ministry
India`s export witnesses healthy gains in multiple sectors during last 5 years: commerce ministry
Source: Accord Fintech
2024-11-04 03:33:16 pm
Export orders fuel India`s manufacturing growth, jobs in October: HSBC India’s manufacturing sector growth accelerated in October, fuelled by faster increases in total new orders and international sales, leading to the creation of more jobs during the month, according to the HSBC data released on Monday.  The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) compiled by S&P Global, rose from September's eight-month low of 56.5 to 57.5 in October, indicating a substantial and accelerated improvement in o...
Export orders fuel India`s manufacturing growth, jobs in October: HSBC
Export orders fuel India`s manufacturing growth, jobs in October: HSBC
Source: IANS
2024-11-04 02:11:32 pm
India`s diversified export basket driving overall growth India’s export basket has diversified over the last five years into high-value electronics, engineering goods and petroleum products, with the total value of the country’s exports surging by close to 40 per cent -- from $314 billion in 2019-20 to $437 billion in the financial year ended on March 31, 2024.  “Both the qualitative change in favour of high value export goods and the robust growth reflect the strong fundamentals of the economy,” a senior official sa...
India`s diversified export basket driving overall growth
India`s diversified export basket driving overall growth
Source: IANS
2024-11-04 01:58:39 pm
India`s defence exports to touch Rs 50,000 crore in 2029-30: Rajnath Singh Defence Minister Rajnath Singh on Saturday said that India's Aatmanirbhar drive was "yielding the desired results" and the country was poised to reach Rs 50,000 crore in defence exports by 2029-30.  Addressing the 65th Foundation Day celebrations at the Indian Institute of Technology (IIT), Kanpur, the Defence Minister called upon Indian youth to indigenously develop high-end technologies, which the country imports, to realise Prime Minister Narendra Modi's vision of...
India`s defence exports to touch Rs 50,000 crore in 2029-30: Rajnath Singh
India`s defence exports to touch Rs 50,000 crore in 2029-30: Rajnath Singh
Source: IANS
2024-11-03 09:04:57 am
Iraq reduces oil exports to 3.3 million barrels per day Iraq's Oil Ministry said that the country has reduced its oil production and cut its crude exports to 3.3 million barrels per day, in line with its commitment to the OPEC+ agreement on output cuts.  "We confirm that Iraq has lowered its oil production and reduced its exports to 3.3 million barrels per day, along with limiting domestic consumption," the ministry said in a statement on Friday. According to official data, the country's daily oil export volume was app...
Iraq reduces oil exports to 3.3 million barrels per day
Iraq reduces oil exports to 3.3 million barrels per day
Source: IANS
2024-11-02 02:44:37 pm
Japan lowers growth forecast amid auto export slowdown Japan's cabinet office on Friday lowered its growth forecast for the current fiscal year to an expansion of 0.7 per cent in inflation-adjusted real terms, down from a previous projection of 0.9 per cent in July.  The downward revision reflected delays in the recovery of automobile exports, impacted by certification-related issues with certain manufacturers. The new forecast, released by the government at a meeting of the Council on Economic and Fiscal Policy, was also slightly ...
Japan lowers growth forecast amid auto export slowdown
Japan lowers growth forecast amid auto export slowdown
Source: IANS
2024-11-02 08:56:40 am
Hyundai Motor India logs 2 pc overall sales growth in Oct, exports up 6.7 pc Hyundai Motor India Limited (HMIL) on Friday said it registered total sales of 70,078 units last month, achieving its third highest domestic sales as well as third highest monthly total sales numbers since inception.  The domestic sales were at 55,568 units and exports stood at 14,510 units in October — a 2 per cent overall sales growth from the year-ago period ( a total of 68,728 units). Exports alone saw 6.7 per cent growth from the same month last year (13,600 units). In t...
Hyundai Motor India logs 2 pc overall sales growth in Oct, exports up 6.7 pc
Hyundai Motor India logs 2 pc overall sales growth in Oct, exports up 6.7 pc
Source: IANS
2024-11-02 08:46:00 am
Maruti Suzuki India clocks highest-ever exports in Oct, Tata Motors`commer sales flat Maruti Suzuki India on Friday said it sold a total of 206,434 units in the month of October, which is its highest-ever monthly sales volume. The company also clocked highest-ever exports in the month.  The country’s largest automaker had sold 199,217 units in the same month last year. However, in the passenger vehicle (PV) segment, Maruti Suzuki India witnessed a 5 per cent YoY sales decrease, selling 159,591 units in the domestic market last month, compared to 168,047 units ...
Maruti Suzuki India clocks highest-ever exports in Oct, Tata Motors`commer sales flat
Maruti Suzuki India clocks highest-ever exports in Oct, Tata Motors`commer sales flat
Source: IANS
2024-11-02 08:39:01 am
Global Rice Prices Drop as India Lifts Export Curbs by Amit Gupta, Kedia Advisory Global rice prices have declined by over 10% as India lifted restrictions on rice exports, coupled with the arrival of new crops from Pakistan and Myanmar. India’s decision to resume exports has placed downward pressure on prices, with Thailand, Pakistan, and India offering competitive rates. Lower container costs and a strong U.S. dollar have further benefited international buyers. Despite recent declines, demand remains steady as nations like the Philippines and Malaysia look to secur...
Global Rice Prices Drop as India Lifts Export Curbs by Amit Gupta, Kedia Advisory
Global Rice Prices Drop as India Lifts Export Curbs by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-10-31 11:08:55 am