India’s restrictions on rice exports have caused panic in the global market, with rice prices in Asia nearing a 15-year high. The anxiety over supply is justified as rice is a vital food source for billions of people. The onset of El Niño threatens to further disrupt the market, and if Thailand and Vietnam follow […]
Indian export curbs on parboiled and basmati rattle the world rice market
The Indian government has extended its mandate to power plants to import coal until March as the country experienced the driest August in a little over 100 years, pushing electricity demand to a record high. Plants have been asked to import 4% of their supplies through March in a bid to avoid outages.
Speaking at the Indian Chamber of Commerce here, Sarangi said India is now a part of several multi-lateral groupings like Australia Group.
Director General of Foreign Trade (DGFT) Santosh Sarangi on Friday said that the government will go to the districts to enhance exports. Seventy districts in the country account for 80 per cent of the country’s exports total exports, he told reporters at the Indian Chamber of Commerce. In West Bengal, two districts – Darjeeling and […]
The bilateral trade between countries increased to USD 20.36 billion in 2022-23 from USD 17.5 billion in 2021-22.
The India Cellular and Electronics Association (ICEA) has announced the establishment of an Indo-US task force for electronics with the aim of increasing trade between the two countries to $100 billion over the next decade. The task force will focus on boosting trade, promoting innovation, creating jobs, and strengthening the partnership between India and the […]
India’s exports increased despite recession, registering lowest inflation, says Piyush Goyal
3 years ago
India’s exports from Coimbatore have increased to $776 billion USD from $500 billion USD in just two years, despite challenges such as the recession and the Russia-Ukraine war, according to Union Commerce and Industry Minister Piyush Goyal. He attributed this growth to the efforts of Prime Minister Narendra Modi and the cooperative federalism between the […]
India has asked the U.S. to allow the release of $26 million belonging to at least two Indian diamond firms that was frozen due to their alleged trade links with sanctioned Russian diamond major Alrosa. The freeze is the first known punitive sanctions measure against any Indian business since Russia’s full-scale invasion of Ukraine last […]
The world’s top exporter agreed to sell 79,000 tons of non-basmati white rice to Bhutan, 50,000 tons to Singapore and 14,000 tons to Mauritius, according to a commerce ministry notification late Wednesday. India said last month it would allow for exports of the variety if asked to meet the security needs of other countries.
Basmati rice exporters in India are in negotiations with global buyers to secure prices above $1,200 per tonne for new orders. The exporters plan to adjust the prices against future orders once the temporary halt on basmati rice exports is lifted. The Indian government implemented the halt to prevent the illegal shipment of white non-basmati […]