India slows palm oil imports as prices rally amid negative margins

Indian buyers have halted palm oil purchases for December and January due to rising prices and negative margins from heavy imports. This could lead to higher palm oil stocks in Indonesia and Malaysia. The landed cost of crude palm oil for December shipments is 77,500 rupees per metric ton, while already imported oil is offered […]

These firms have now written to the government to seek certification for manufacturing units in other Asian nations, a senior government official said. But the government is reluctant to certify factories located even in some Asean countries with which it has a free-trade pact.

“We are in active dialogue with the EU and EFTA for a free trade agreement… I do believe that both of these are eminently doable and will significantly help us expand our engagement not only in trade in goods services, but also in investments, technology, tourism, innovation, and clean energy,” Goyal said at CII India-Nordic […]

India’s medical device exports to the UK are impacted by prolonged regulatory approval processes, according to think tank GTRI. To promote exports, India should negotiate a Mutual Recognition Agreement (MRA) to expedite the entry of medical devices into the UK market, particularly for devices with CDSCO license or Quality Council of India’s Indian Certification of […]

India’s oil imports reached a 10-month high in October due to OPEC’s share, as refiners bought more crude from Saudi Arabia and the UAE. However, Russia’s share of the Indian market fell to the lowest in nine months. India, the world’s third-biggest oil importer and consumer, typically relies on Middle Eastern producers, and has encouraged […]

“The state has given an order for 2.5 lakh tonnes of coal. We have issued orders by calling tenders. We will not disclose from where it will be brought. It will be imported coal, which generally comes from Indonesia. The rate is 86 USD per ton,” Gaurav Gupta said at a press conference.

Days after Yemen’s Iran-backed Houthi rebels threatened to target Israeli vessels in the Red Sea over Israel’s war with Hamas in the Gaza Strip, they seized a ship owned by an Israeli businessman and rerouted it towards the Yemeni coast. The seizure threatens not just Israeli shipping but the whole traffic in the Red Sea, […]

Underlining the UK’s expertise in clean mobility solutions, the project, ASPIRE, has brought together UK-based NPTC Wales and Snap E, an electric taxi provider in Kolkata, to collaborate with the West Bengal government in providing training to women to drive electric cabs, it added.

India is developing sea protocols for fresh fruits and vegetables like bananas, mangoes, pomegranates, and jackfruit to promote their exports through ocean routes. The protocols include understanding voyage time, scientific understanding of ripening, harvesting timing, and farmer training.

ASEAN Secretary-General Dr Kao Kim Hourn has urged India to join the Regional Comprehensive Economic Partnership (RCEP) for greater market access. He argued that all partners would benefit from the inclusive, open, and rule-based trade pact. The RCEP, a free trade area, comprises 10 ASEAN members and five dialogue partners.