India lifted its ban on onion exports after five months due to concerns about farmers’ dissatisfaction, potentially impacting voting in seven Lok Sabha seats in Maharashtra. The government’s decision to lift the ban was prompted by concerns about farmers’ dissatisfaction with the high demand for Indian onions in the international market. The new export policy, […]
ET Explains: Of onion economics & politics, peeling the many layers
The two countries told the WTO that they estimated that over the period 2018-19 to 2021-22, New Delhi provided sugarcane subsidy between 91-100%, which was “vastly in excess of the limits set out” at 10% of value of food production in the case of India and other developing countries.
India’s exports of diesel and petrol fell by a fifth year-on-year to $33 billion in 2023-24 due to declining international prices. Diesel generated the largest share of export revenues for Indian refiners, accounting for $22 billion of the $48 billion earned by exports of refined fuels. The war in Ukraine and Western sanctions on Russia […]
The exports of rice to Mauritius are permitted through National Cooperative Exports Limited, the Directorate General of Foreign Trade said in its notification.
India’s export restrictions propel global rice prices: Asian exporters brace for Indonesia tender surge
2 years ago
According to S&P Global Commodity Insights, India, the world’s largest rice exporter, implemented export restrictions, including banning broken rice exports and imposing additional duties on non-basmati white rice outflows in August 2022.
In July 2023, the government had prohibited the export of non-basmati white rice but it had said exports would be allowed on the basis of permission granted to other countries to meet their food security needs and based on requests from those countries.
India and Ghana plan to implement UPI on GHIPSS in 6 months. JTC meeting explored MoU on Digital transformation, Local Currency Settlement, AfCFTA opportunities in Accra, led by Commerce Ministry.
The Directorate General of Trade Remedies (DGTR) recommended imposing anti-dumping duties on imports of ‘Trichloro isocyanuric acid’ from China and Japan, used for water treatment, to safeguard domestic industry. Bodal Chemicals Ltd initiated the investigation. The proposed duty ranges from USD 170 to USD 870 per tonne. The final decision rests with the finance ministry […]
India’s decision to remove the 40% import duty on desi chana has caused international prices to surge by 7-10%. This move is expected to encourage Australian farmers to increase the acreage and production of Bengal gram for export to India, as sowing is ongoing there until the end of May. However, some in the pulses […]
India’s metallurgical coal imports from Russia have increased by three-fold in the last three years, reaching 15.1 million tonnes in 2023-24, mainly due to lower prices. This increase is attributed to lower prices, which are cheaper for domestic steel players. Australia, a major supplier of met coal to India, has seen a decline in its […]