India’s May palm oil imports hit 4-month high on competitive prices

India’s palm oil imports surged by 11.6% in May compared to the previous month, reaching the highest level in four months, driven by its competitive pricing relative to rival oils, according to a statement by the Solvent Extractors’ Association of India (SEA). The increased palm oil purchases by India, the world’s largest importer of vegetable […]

India’s palm oil imports surged 74% to 7,63,300 tonnes in May from 4,39,173 tonnes as the world’s largest vegetable oil buyer stocked up to meet rising domestic demand, according to Solvent Extractors Association.

Tensions in the Red Sea region prompt US and Europe-bound exporters to shift to air transport via Gulf nations. Major companies like Zara use freighters, while others utilize cargo space in passenger aircraft. As sea routes become less favorable, exporters opt for quicker options to meet demand. Collaborative efforts are crucial for efficient cargo transport […]

In the interim Budget in February, the Commerce and Industry Ministry has recommended an outlay of Rs 3,489 crore for the Production Linked Incentive (PLI) scheme for toys to boost domestic manufacturing of the sector.

Indian traders have been engaging in border trade with China through the Lipulekh pass in Pithoragarh district since 1992. They are now urging the central government to address the closure of the trade route due to the Covid-19 pandemic in 2019. The traders are concerned about their stored goods in Tibet and seek the resumption […]

Passenger vehicle exports from India increased by 2.68 lakh units in the last four fiscal years, with Maruti Suzuki India contributing to nearly 70% of the growth.

India has transitioned from a decade of single-party rule to a new era of coalition politics, causing concern among stock market investors about potential slowdowns in economic reforms. Rising protectionist measures from advanced economies like the US and EU pose challenges for Indian exporters, with stringent regulations on products ranging from chemicals to food items. […]

Importers of pulses in India have urged the central government to impose an import duty on yellow peas due to the adverse impact of inexpensive imports on domestic market prices. Expressing worry over importers withholding significant quantities of yellow peas imports in domestic markets, the central government recently intensified stock disclosure regulations for the pulses […]

India has taken Australia to arbitration at the WTO over changes to services commitments, impacting trade. The new regulations aim to lower global trade costs by $125 billion.

India’s import of refined products from Russia increased by 14% in May, with naphtha imports tripling. State-run refiners brought in 77% more Russian products, but imports were lower than China and Europe.