Despite India’s government authorizing 1 million tons of sugar exports for the season ending in September, actual exports are projected to reach only 600,000-700,000 metric tons. This shortfall is attributed to revised output forecasts by industry groups, raising concerns about potential supply shortages within India. The government heavily regulates the sugar industry, influencing cane prices […]
India likely to export up to 700,000 tons of sugar this season, ISMA member says
US Treasury Secretary Scott Bessent told reporters he expects India to negotiate the first bilateral trade pact with the United States ahead of the July 8 deadline, when a 90-day pause on a 26 percent “reciprocal” tariff on Indian goods is set to expire.
Shiprocket, on its path to an IPO, is collaborating with CriticaLog to offer premium shipping services, venturing into the secure transport of valuable items like gold and diamond jewellery. This partnership aims to empower smaller jewellers by providing them with reliable logistics solutions, enabling them to compete effectively in the expanding e-commerce market.
To enhance the precision of services export data, the Indian government, via the DGFT, is introducing a ‘Mode of Export of Services’ field in the e-BRC format, effective May 1, 2025. This aligns India’s data capture with WTO GATS standards, covering cross-border supply, consumption abroad, commercial presence, and the presence of natural persons.
The Reserve Bank of India has eased regulations to promote exports through warehouses in ‘Bharat Mart’, a UAE-based logistics marketplace. Banks can now allow exporters to repatriate the full export value within nine months of the sale. Indian exporters with a valid importer-exporter code can open warehouses in ‘Bharat Mart’ without preconditions, facilitating global market […]
India’s growth prospects to be impacted adversely over risk of prolonged recession due to trade wars, warns RBI
6 months ago
Reserve Bank of India’s Nagesh Kumar raised concerns about trade wars. He said global recession poses a serious risk. This situation could adversely affect India’s economic growth. The World Trade Organization has issued warnings about declining world trade. Global GDP growth forecasts may face downward revisions. These revisions are due to reciprocal tariffs and ongoing […]
After a five-month slowdown, India is increasing its palm oil purchases due to a price correction that has made it cheaper than soyoil. Refiners are replenishing inventories, which will likely support Malaysian palm oil futures. Imports are expected to rise above 500,000 tons in May and potentially exceed 700,000 tons monthly from July to September […]
India and the US have finalized terms for a Bilateral Trade Agreement, marking the Trump administration’s first such framework. The US aims to address trade imbalances and open markets for American goods, focusing on tariff and non-tariff barriers. Both nations seek enhanced economic ties, covering goods, digital trade, and intellectual property rights, with negotiations set […]
India-US trade pact to expand bilateral trade, tech, ties in mutually beneficial manner: Official
6 months ago
A senior commerce ministry official stated that the proposed India-US bilateral trade agreement (BTA) aims to significantly boost trade, technology, and economic cooperation. Both nations, strategic partners with complementary economies, seek to more than double bilateral trade to USD 500 billion by 2030. The BTA intends to foster mutual prosperity and well-being, unlocking the full […]
Palm Oil demand from China and India expected to rise as prices become competitive, says MPOC
6 months ago
Palm oil demand is anticipated to rise from major buyers like China and India due to its competitive pricing compared to rival vegetable oils. While Malaysian palm oil prices have decreased this year, they are expected to remain supported. China aims to replenish inventories, while India seeks to capitalize on lower prices to rebuild its […]