The Centre has prohibited the export of non-basmati rice to curb price rise in the domestic market, the food department said in a statement. Retail prices of non-basmati rice have increased 3% in the past one month and 11.5% in the past year despite the imposition of 20% export duty since September 2022 to lower […]
Centre bans exports of non-basmati rice to check local prices
India, Germany to strengthen bilateral ties, increase investments: German Vice Chancellor
2 years ago
India and Germany are looking to strengthen bilateral cooperation and increase investments and collaboration, according to Robert Habeck, Germany’s Vice Chancellor and Minister of Economic Affairs and Climate Action. While China remains Germany’s biggest trading partner, there is concern about being too reliant on a single market, and Habeck said de-risking and diversification is important. […]
Shipping industry likely to sustain performance in FY24, may see moderation in margins: Report
2 years ago
According to a report by CareEdge Ratings, the Indian domestic shipping industry is expected to sustain its performance in the current fiscal year, although there may be some moderation in operating margins. The mid-size tanker and dry bulk segments that dominate the Indian shipping fleet are anticipated to fare well.
Oilmeal exports from India fell by 35% in June to 280,001 tonnes due to decreased demand for rapeseed meals from overseas. However, exports of oilmeals increased by 19% to 1,210,045 tonnes from April to June compared to the same period last year. Soybean meal exports rose significantly to 364,611 tonnes in Q1 2023-24, while rapeseed […]
The order was challenged by the Container Corporation of India Ltd (CONCOR) before the appellate tribunal, which passed an order on July 14 to stay the NCLT’s decision.
UK, US oppose extending WTO food subsidy clause
2 years ago
“India said that the strongest evidence supporting the necessity of public stockholding was in its own actions during the pandemic, when it mobilised its food stocks and provided food to 80 million people in 18 months’ span,” said a Geneva-based official.
India and the US have informed the World Trade Organization (WTO) on the mutual resolution all the six trade disputes, in line with the commitment they made last month. In five separate notifications to the WTO on Tuesday, they asked the multilateral trade watchdog to terminate these disputes. The US and India had initiated three […]
With the 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, an official said. To set the target range, a detailed study on 200 countries and 31 commodity groups is in the process, the official said.
The fair will also include theme areas highlighting GI clusters & hubs, Live demonstration of GI products, Knowledge seminar on Introduction to Export Business, and Unlocking Packaging Convenience for Export Target Markets.
India’s masoor imports to surge as restaurants look for alternatives to replace expensive arhar
2 years ago
As arhar dal prices rule between Rs 150-200/kg, restaurants and canteens have shifted to using masoor dal (red and yellow lentils) to replace arhar partially or fully to prepare dal and sambar. When eating dal or sambar at a restaurant, the chances are high that it is made either fully or partially using masoor dal […]