The EU has raised the restrictions on capsicum imported from India and Pakistan due to high rate of non-compliance with pesticide norms making it mandatory for shipments to be accompanied by an official certificate stating that the items were free of pesticide residues. For curry leaves imported from India, however, the EU observed that the […]
Research agency Fitch Solutions expects volatility to continue playing to the downside for metal prices in the coming weeks owing mainly to bearish investor sentiment on the back of the widespread Covid-19 pandemic. The agency notes that metal prices started the year on a strong footing as the Phase One trade deal between the US […]
India’s state trading arm, MMTC has further contracted 4,000 tonnes of Onions from Turkey which is expected to arrive by mid-January, 2020. This 4,000 tonnes is in addition to the 17,090 tonnes of onions already contracted which includes 6090 tonnes arriving from Egypt and 11,000 tonnes from Turkey. The Department of Consumer Affairs has also […]
The European Union launched a complaint at the World Trade Organization (WTO) on Friday against Indonesia’s curbs on exporting nickel and other raw materials, which are designed to benefit its own smelting and stainless steel industries, as per a Reuters report. The European Commission, which coordinates trade policy in the 28-member EU, said the restrictions […]
Apparent steel consumption fell by 7.7 per cent year-on-year in the second quarter of 2019, after a drop of 1.6 per cent in the first quarter. The negative trend in steel demand is the result of the ongoing slump in EU’s manufacturing sector due to weakened exports and investment that has become more pronounced during […]
The Indian poultry industry is strongly opposed to the government’s proposed move to sign the bilateral treaty with the United States amid fears that cheap imports from the US after the treaty will lead to closure of lakhs of domestic chicken farms and processing units, thereby rendering about 4 million people jobless, reports Business Standard. […]
The World Trade Organization has agreed to establish a panel to settle a disagreement over India’s decision to impose retaliatory import tariffs on 28 US products. This comes almost a month after India blocked the first request by the US to set up a panel to decide on New Delhi’s decision to impose additional duties […]
The termination of the Generalised System of Preferences (GSP) by the US in the first week of June 2019 does not seem to have an “overly negative impact” on Indian engineering exports to the world’s largest economy, though the trend would be clearer only in the next few months, Engineering Export Promotion Council of India […]
The International Grains Council (IGC) has raised its forecasts for world wheat and corn production in the 2019/2020 season. The 2019-20 projections indicate a return to the bearish combination of rising production and stocks last experienced in 2017-18. The inter-governmental body, in a monthly update, increased its global wheat crop forecast by 3 million tonnes […]
The International Grains Council (IGC) forecast that grains stocks would fall further in the 2019 season with an anticipated increase in both wheat and corn production insufficient to satisfy record demand. IGC see total stocks of grain falling by 29 million tonnes this season to 575 million tonnes following a 44 million tonne drawdown in […]
