India’s palm oil imports hit 8-month low in December

India’s palm oil imports dropped significantly in December, reaching an eight-month low. This decline was driven by reduced winter demand and refiners opting for soyoil and sunflower oil. Total edible oil imports saw an increase due to these rival oil purchases. This shift could impact global oil inventories and prices.

As tensions rise, India faces a pivotal choice regarding its imports of Russian oil, especially with President Trump issuing threats of increased tariffs on Indian products. The stakes are high, as Senator Graham is advocating for penalties on nations linked to Russian oil purchases, further complicating India’s trade dynamics. With Indian exports to the U.S.

State Bank of India is set to enable trade settlements between India and Israel using Indian rupees. This move supports India’s goal to boost the rupee’s global use and reduce dollar reliance. SBI’s Tel Aviv branch is ready for these transactions, allowing Israeli businesses to pay and receive rupees.

India is unlikely to face any economic or energy fallout from the Venezuela crisis as its trade links with the country have already shrunk sharply due to US sanctions, according to think tank Global Trade Research Initiative. GTRI said India’s oil imports from Venezuela have fallen steeply since 2019, when sanctions forced refiners and firms […]

India’s traditional medicine system, AYUSH, has achieved formal recognition in bilateral trade agreements with Oman and New Zealand. These agreements, finalized last December, include dedicated sections for health services and traditional medicine. AYUSH and herbal product exports saw a growth of 6.11 percent, reaching USD 688.89 million in 2024-25 from USD 649.2 million in 2023-24.

US President Donald Trump said Washington could raise tariffs on Indian goods if New Delhi does not address US concerns over India’s purchases of Russian oil. India became the largest buyer of discounted Russian seaborne crude after the Ukraine war began in 2022, drawing criticism from Western nations that say the trade supports Moscow’s war […]

India is pushing Russia to remove trade hurdles for its electronics, engineering goods, food, and fisheries. This move aims to unlock billions of roubles stuck in Russian banks due to oil imports. Indian exporters face challenges with Russian standards and software requirements.

The government has unveiled a Rs 7,295-crore export support package, including a Rs 5,181-crore interest subvention scheme and Rs 2,114-crore collateral support, to enhance exporters’ access to credit. These initiatives, spanning 2025-31, aim to address trade finance challenges, offering subsidies and guarantees to eligible MSMEs, particularly for defence and SCOMET products.

India has launched a significant export support package worth ₹7,295 crore. This initiative aims to make trade finance faster and cheaper for exporters. The package includes an interest subvention scheme and collateral support. These measures will be implemented over six years, starting from 2025. The goal is to boost India’s exports by addressing critical trade […]

A major trade deal between India and the United Kingdom is set for implementation in early 2026. This agreement aims to significantly boost trade between the two nations. Indian exporters will gain duty-free access to the UK market for most products.