A rebound in buying by the world’s biggest vegetable oil importer would support Malaysian palm oil futures and help top producers Indonesia and Malaysia to trim inventories. Palm oil imports by India rose to 655,000 metric tons in June, up from 439,173 metric tons in May, according to average estimates from the dealers.
India’s June palm oil, soyoil imports jump on lower prices
“The 2030 roadmap agreed by our Prime Ministers in May 2021 is a practical plan to transform the relationship between United Kingdom and India. It will bring immense benefits for both the countries. We have committed to doubling trade between the two great nations,” Huddleston said.
Chinese imports cheaper as rupee gains over yuan
2 years ago
From March 31 to June 30, the rupee has appreciated 6% versus the Chinese currency, Bloomberg data showed. For the calendar year so far, the rupee’s appreciation is at similar levels and taking into account the rupee’s gains from its lows versus the yuan touched in January, the domestic currency has strengthened as much as […]
UK’s proposal to complete the free trade pact with India, which is crucial for the former’s shift towards the growing markets in the Indo-Pacific, has no specific deadlines. UK’s Minister for International Trade, Nigel Huddleston, said 50% of the deal has been concluded, including negotiations in the service sector and investments, but the complete agreement […]
“The developing economies’ impressive trade performance under this expanded measure of trade in services is largely due to four economies that rank as leading services exporters and importers- China; Hong Kong, China; Singapore; India,” they said in the report.
The announcement of India’s foreign trade policy 2023 earlier this year gave companies a road map for navigating the constantly shifting global trade market. The new strategy intends to boost manufacturing competitiveness, export growth, and ease of doing business. The policy’s emphasis on fostering sustainable and ecologically friendly trade practises is among its noteworthy aspects. […]