India invites Brazilian industries to become part of its growing supply chain

India has invited Brazilian companies to join its supply chain in order to strengthen economic ties between the two countries. Commerce Secretary Sunil Barthwal, during his visit to Brazil, discussed ways to promote trade and invited Brazilian industries to be part of India’s growing supply chain. The visit took place against the backdrop of a […]

India is buying more Russian oil, despite it being priced above the Western cap of $60 per barrel, due to a resurgent Brent Crude. India has been purchasing Russian oil even though it has breached the G7’s price cap. India argues that it will buy any oil that is cheaper, prioritizing energy security. However, the […]

India’s imports of edible oil decreased by 19% in September compared to August, as refiners reduced purchases of palm oil by 26% due to record inventories. The decline in edible oil imports could result in higher stocks of palm oil in Indonesia and Malaysia, affecting benchmark futures.

The Russian government is prepared to ease restrictions on diesel exports to some extent in the near future. This easing of the ban would apply exclusively to diesel exports through pipelines and might include limits on the quantities exported to prevent sudden increases in wholesale prices. However, the prohibition on gasoline exports will continue to […]

British Prime Minister Rishi Sunak has expressed his commitment to strengthening ties between India and the UK, including the possibility of a free trade agreement. During a reception by the Conservative Friends of India, Sunak reflected on his recent visit to India for the G20 Summit and highlighted the potential for cooperation in various sectors.

The European Union has expressed its willingness to negotiate on global trade norms regarding the purchase, stockpiling, and distribution of food to ensure food security. This is seen as a breakthrough as India and 80 other countries have been calling for a deal on food security, arguing that current rules do not adequately address market […]

India has called for text-based negotiations to find a permanent solution to the issue of public stockholding for food security at the World Trade Organization (WTO). The European Union (EU) has expressed readiness for talks on the matter. The issue was discussed at an agriculture negotiations meeting in Geneva, where the EU responded positively to […]

“More than 400 Indian companies, small and big have invested in Vietnam for a cumulative value of more than USD 1 billion,” India’s Consul General in Ho Chi Minh City, Vietnam, Madan Mohan Sethi said.

Cote d’Ivoire, the largest cocoa producer in the world, is looking to explore the Indian market for direct marketing of cocoa and cocoa-based products. The cocoa regulator, Le Conseil du Cafe-Cacao, plans to visit India next month to seek market access, investors, and partnerships for processing cocoa in Cote d’Ivoire. f

India’s exports declined 6.86 per cent to USD 34.48 billion in August, for the seventh month in a row, due to a fall in shipments from key sectors like petroleum and gems and jewellery on subdued global demand. The trade deficit (difference between imports and exports) during the month touched a 10-month high of USD […]