Monsoon rains in the top cane growing districts of the western state of Maharashtra and the southern state of Karnataka – which together account for more than half of India’s total sugar output – have been as much as 50% below average so far this year, weather department data showed.
India set to ban sugar exports for first time in seven years
After the G20 Trade and Investment Ministerial Meeting in Jaipur, which is scheduled for Thursday and Friday, the UK’s Business and Trade Secretary Badenoch is expected to head to New Delhi for bilateral talks with her Indian counterpart, Commerce and Industry Minister Piyush Goyal. Their discussions will coincide with the ongoing twelfth round of FTA […]
Amid slackening demand for engineering goods from major markets such as the US and China, shipments to Russia continued their uptrend and more than doubled to US$ 123.65 million in July 2023 from US$ 55.65 million in July 2022, a rise of 122.03 per cent, according to a media release issued by EEPC India on […]
India’s crude oil imports fell for the second straight month in July in line with lower consumption due to monsoon rains and lower shipments from Russia and Saudi Arabia as prices rose following recent supply cuts from the two oil producers.
Food Secretary Sanjeev Chopra on Tuesday said there are no plans to import wheat from Russia under any diplomatic deal. Last month, Centre had imposed a ban on the export of widely consumed non-basmati white rice, following a ban on broken rice exports last year.
India’s crude oil imports from Russia declined in July for the first time in nine months, while imports from Saudi Arabia dropped to their lowest in 2-1/2 years due to OPEC+ cuts. Both China and India reduced imports from Russia and Saudi Arabia as prices increased and the producers reduced output. India’s overall oil imports […]
India denies media reports, says it is not considering export tax on parboiled rice variety
3 years ago
The Indian government has denied reports claiming it is considering imposing an export tax on parboiled rice variety. India’s inflation has surged to a 15-month high, building urgency for the government to take measures to contain spiraling food prices. Currently, there are no restrictions on the exports of parboiled rice, which constitutes nearly a third […]
Global logistics and supply chain major CEVA Logistics has entered into an agreement with an affiliate of private equity firm Warburg Pincus and other entities to acquire controlling stake in tech-driven third-party warehouse and distribution service provider Stellar Value Chain Solutions.
India’s exports and imports of goods and services declined 2.5% on-year in January-June 2023 at $800.9 billion, think tank Global Trade Research Initiative (GTRI) said Monday. Exports of goods and services rose 1.5% to $385.4 billion in the first six months of the calendar year as against $379.5 billion in the corresponding period a year […]
India and the 10-nation bloc Asean on Monday said they have directed their officials to intensify their efforts to conclude the review of the existing free trade agreement in goods between the two regions by 2025. The issue was discussed during the twentieth AEM (Asean Economic Ministers)-India Consultation meeting, held at Semarang, Indonesia.