Fertiliser companies turn to EU, Russia & West Asia as China halts exports

India’s specialty fertilizer imports face disruption as China halts exports, prompting a shift to pricier alternatives from Europe, Russia, and West Asia. This situation, impacting crucial nutrients like MAP and CN, is expected to raise prices and potentially affect the productivity of India’s horticulture sector.

Commerce and Industry Minister Piyush Goyal stated that free trade agreements with developed markets like Australia, UAE, and the UK will significantly enhance market access for India’s agricultural sector. Despite a global slowdown, India’s agri exports reached Rs 4 lakh crore. These FTAs aim to open new opportunities for the sector.

Indian iron ore pellet makers are concerned about a surge in imports, allegedly from Iran via Oman, circumventing U.S. sanctions. These cheaper imports threaten the domestic industry, causing producers to operate at reduced capacity. The Indian Ministry of Steel is reviewing a petition from the Pellet Manufacturers Association of India regarding these concerns.

Commerce and Industry Minister Piyush Goyal stated that India’s agri and fishery exports could surge to Rs 20 lakh crore with enhanced food processing, quality packaging, and branding. Currently, these exports stand at Rs 4-4.5 lakh crore. He emphasized the potential by citing examples of value-added food products and the growing global demand for millets […]

Narendra Modi is visiting Namibia. India aims to import uranium from Namibia. Recent oil and gas finds in Namibia are of interest to India. Defence cooperation is also on the agenda. Modi will meet with Namibian President Netumbo Nandi-Ndaitwah. He will address parliament and interact with the Indian community. Discussions on Project Cheetah 2 are […]

India and the US are nearing a mini trade deal, aiming to finalize the first phase by September-October with a goal to double bilateral trade to $500 billion by 2030. While sensitive agricultural issues remain, the focus is currently on industrial goods.

India is actively negotiating trade agreements with various countries, including the US. The focus is on national interest. Deals with the UK are expected to boost trade. Rural consumption is rising, and private investment shows signs of recovery. The government aims for 6.5% GDP growth in FY26.

Donald Trump announced potential 10% tariffs on BRICS nations, including India, accusing the bloc of undermining the US dollar. During a Cabinet meeting, Trump warned that BRICS countries would soon face these additional charges. He asserted that the economic alliance was actively working to diminish the dollar’s global standing.

Indian apparel and footwear exporters anticipate a competitive boost in the US market as Washington imposes higher tariffs on several nations, including Bangladesh and Thailand. These elevated duties, set to take effect in August, are expected to benefit Indian products, particularly in the garment and leather sectors.