In June, India’s vegetable oil imports rose 18% to 15.5 lakh tonnes, led by crude palm and sunflower oils. Edible oil imports hit 15.27 lakh tonnes, non-edible 23,178 tonnes. Year-to-date, total imports fell 2%, refined oils 2%, crude oils 3%. Palm oil imports decreased; soft oil imports fell. India imports from Malaysia, Indonesia, Brazil, and […]
India’s vegetable oil imports up 18% in June to 15.5 lakh tonnes
India’s palm oil imports rose 3% in June to 786,134 metric tons, while soyoil imports fell nearly 15% to 275,700 tons and sunflower oil imports increased 13.4% to 465,647 tons. Total vegetable oil imports grew 1.4% to 1.6 million tons, according to the Solvent Extractors’ Association of India (SEA)
The UK’s Trade Remedies Authority (TRA) is conducting a transition anti-subsidy review on imports of polyethylene terephthalate (PET) plastics from India, evaluating whether the current nearly 13 per cent duties should be maintained. TRA, an independent body under the Department for Business and Trade, will assess the impact on the UK industry and determine if […]
Shortly after Keir Starmer assumed leadership of the British government, Commerce Minister Piyush Goyal confirmed that the long-awaited Free Trade Agreement between the UK and India is on the verge of completion. This progress follows a telephone discussion between Prime Minister Narendra Modi and newly elected UK Prime Minister Keir Starmer, who secured a decisive […]
India has urged for effective measures to tackle seafarer abandonment and ensure maritime workforce safety. Ports, Shipping and Waterways Secretary T K Ramachandran addressed this issue during the 132nd session of the Council of the International Maritime Organization (IMO) in London.
The Supreme Court stayed a Gujarat High Court order requiring the state to reclaim 108 hectares of grazing land allotted to an Adani Group entity near Mundra port. The bench of justices B R Gavai and K V Viswanathan issued the stay after Adani Ports and Special Economic Zone Ltd appealed, emphasizing the need for […]
India’s seafood export industry, valued at $7.26 billion, is facing significant challenges due to a sharp rise in shipping freight rates. The Seafood Exporters Association of India (SEAI) has highlighted a surge of 4-5 times in rates within two months, attributing it to increased container demand in China ahead of US tariffs effective August 1. […]
Russian First Deputy Prime Minister Denis Manturov emphasized the strategic importance of the India-Russia partnership, noting a significant boost in trade turnover. The trade between the two nations surged to USD 57 billion in 2023 and continued its upward trajectory in 2024, achieving a 23 percent growth and nearing USD 18 billion by April.
Commerce and Industry Minister Piyush Goyal announced Wednesday that the European Free Trade Association (EFTA) is eager to invest in India, urging the domestic industry to seize this opportunity. Goyal, set to visit Switzerland on Sunday to advance EFTA commitments, emphasized that the $100 billion commitment is for foreign direct investments, not portfolio investments. EFTA […]
Minister Piyush Goyal stated a Group of Ministers will judge lifting the non-basmati rice export ban, effective July 20, 2023, based on demand and price. Rejected spice consignments, including MDH and Everest, involving carcinogenic pesticide, are minimal. Managed with FSSAI, ensuring India’s $56 billion food export quality. Indian exporters uphold quality standards.