Major transformation of commodity markets underway amid multiple crisis – report

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Global commodity markets are being reshaped in lasting ways as a result of COVID-19, the war in Ukraine, and the impacts of climate change—a transformation that is likely to have profound implications for developing economies over the coming decades, a new World Bank study has found. The study, Commodity Markets: Evolution, Challenges, and Policies, offers the first […]

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Micro-fertiliser makers’ body, IMMA urges government not to control prices of micronutrients

Micro-fertiliser makers’ body IMMA hailed the proposed bill on plant nutrition management to regulate the sector, but urged the government not to bring any price control mechanism for micronutrients and speciality products. The Indian Micro-Fertilizers Manufacturers Association (IMMA) said in a statement that it welcomes the draft Integrated Plant Nutrition Management (IPNM) Bill 2022 which […]

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India raises concern to WTO  over trade barriers imposed by Indonesia

India has raised concerns at the World Trade Organization (WTO) over a host of trade barriers built in by Indonesia, including export restrictions on palm oil and import curbs on bovine meat and automotive (auto) parts, holding that such measures have adversely impacted India. “India remains concerned with the Indonesian import substitution programme and export policies. Indonesia is maintaining a number […]

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India allows export of additional 2,051 tonnes of raw sugar to US for FY22

The Indian government has permitted additional export of 2,051 tonnes of raw sugar under the tariff-rate quota (TRQ) to America for the US fiscal year ending September 30, 2022, the Directorate General of Foreign Trade (DGFT) said in a notification. With 8,424 tonnes already allocated in October 2021, the total quantity allocated for US fiscal […]

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