China is poised to significantly increase its rapeseed meal imports from India, potentially reaching a record 500,000 metric tons in the 2025/26 marketing year. This surge follows China’s imposition of a 100% tariff on Canadian rapeseed meal, making Indian supplies more competitive. Increased crushing in India, driven by Chinese demand, is also boosting rapeseed oil […]
Indian rapeseed meal exports soar as China replaces Canadian supply
Commerce Minister Piyush Goyal stated that the India-UK social security agreement, termed the Double Contribution Convention Agreement (DCCA), was a non-negotiable part of FTA discussions. This agreement exempts Indian professionals on short-term assignments in the UK from paying social security contributions there for up to three years.
Indian refiners have cancelled orders for 65,000 metric tons of crude palm oil due to a sudden surge in Malaysian prices. This decision, impacting deliveries from July to September, was driven by refiners seeking to secure profits amidst market volatility.
Commerce and Industry Minister Piyush Goyal is in London to advance the India-UK Free Trade Agreement, aiming to eliminate duties on key exports and imports. Discussions with UK officials will focus on finalizing the FTA, boosting trade and investment, and doubling trade to USD 120 billion by 2030.
Following an Iranian missile strike that damaged the Bazan oil refinery and heightened regional tensions, Adani Group’s Haifa Port investment faces increased scrutiny. Despite denials of damage, the port’s strategic importance to Israel and India’s IMEC corridor plans underscores the risks of operating in a conflict zone.
India for addressing asymmetries in cotton sector between developing, developed nations at WTO
12 months ago
India has declared cotton a sensitive domestic matter, advocating for the resolution of longstanding imbalances in the cotton industry between developed and developing nations within the WTO framework. India emphasized the vulnerabilities of its cotton farmers, who cultivate the crop in arid regions, and stressed the need to address asymmetries in support entitlements at the […]
Govt permits exports of up to 25,000 tn of pharma grade sugar per fiscal under restricted category
12 months ago
The government has authorized the export of up to 25,000 tonnes of pharma-grade sugar annually, under strict regulations, exclusively for legitimate pharmaceutical exporters. Furthermore, the Directorate General of Foreign Trade (DGFT) has enhanced the Trade Connect ePlatform by introducing the ‘Source from India’ feature, facilitating connections between international buyers and verified Indian exporters.
India’s exports show steady growth from 2010 to 2023
12 months ago
An official highlighted India’s remarkable export growth from 2010 to 2023, citing an UNCTAD report. India’s export share grew by 6.3%, surpassing major economies like the EU, China, and the US. This growth reflects effective trade policies, strong manufacturing and service sectors, and successful export promotion initiatives, boosting India’s global supply chain integration.
India’s gems and jewellery sector faces a downturn in May 2025. Exports and imports witness a decline. This is due to global economic uncertainties and geopolitical issues. Cut and polished diamonds and lab-grown diamonds also see a drop. Gold jewellery exports buck the trend with positive growth. Industry experts hope for improved sentiments following US-China […]
Garden Reach Shipbuilders & Engineers (GRSE) Ltd has secured a contract to build two Coastal Research Vessels for the Geological Survey of India, adding to their portfolio of research platforms. GRSE is already constructing an Ocean Research Vessel and an Acoustic Research Ship. The 64-meter CRVs will support offshore geological mapping, mineral exploration, and ocean […]