Australia looks to boost trade with India after its China debacle

Australia’s escalating tensions with Beijing have propelled the country down under to increase links with Asia’s other economic giant, India. Prime Minister Scott Morrison held a virtual summit with his Indian counterpart Narendra Modi in June this year to sign a defense agreement and upgrade ties to a Comprehensive Strategic Partnership. The trade ministers of Japan, India […]

Read more

MySteel Global – More positive signs show up in China’s August economic data

Many economic sectors in China including those of consumption, industrial production and investment showed more positive signs of returning to their normal tracks by the end of August, according to a series of highlights published individually by the country’s National Bureau of Statistics (NBS) earlier this week. Last month, China’s retail revenue from consumer goods […]

Read more

Bulk tea sees rise in consumption as well as price, despite Covid-19: ICRA

christine-wehrmeier-l4MCijLHc0Q-unsplash-scaled.jpg

Despite the COVID-19 pandemic that has created a demand-supply mismatch, the bulk tea industry has witnessed a sharp increase in both consumption as well as prices, according to a report by ratings agency, ICRA. The bulk tea companies, particularly of northern India are expected to report their best financial performance witnessed in recent history, mainly on the […]

Read more

European Commission seeks public comments on India’s Basmati GI right plea

rice-syngenta.jpg

The European Commission has sought public comments on India’s plea to register the name ‘Basmati’ under geographical indication (GI). The GI application was filed by India in 2018. Similar applications have also been filed by Agricultural & Processed Food Products Export Development Authority (Apeda) to register the aromatic rice variety under GI in Thailand and Malaysia. […]

Read more

Demand for natural rubber may revive in Q3 of 2020: ANRPC Report

rubber-Tree-scaled.jpg

The global demand for natural rubber (NR) is estimated to revive in the third quarter of 2020 after declining 14 per cent year-on-year during the first seven months (January-July), the Association of Natural Rubber Producing Countries (ANRPC) said. The inter-governmental organisation of 13 rubber producing countries in its latest report said the global demand for […]

Read more