India’s exports of marine products fell by 10.88 per cent to $ 5.96 billion (Rs 43,717.26 crore) during 2020-21 due to the pandemic and sluggish overseas markets, the commerce ministry said. “The COVID-19 pandemic and sluggish overseas markets cast their shadow over India’s resurgent seafood sector as the country exported 11,49,341 tonnes of marine products worth $ 5.96 billion,” it said. The ministry said that the US, China […]
Natural gas and coal prices have risen since the start of 2021, albeit with significant fluctuations in the first quarter. Prices have gone up by rebounding global economic activity, bouts of very cold weather in northeast Asia and the U.S., and several supply disruptions. Prices are expected to average around one-third higher in 2021 than […]
Even as buyers in Peru, Argentina, and other South American and Eastern African countries are queuing up for the taste of the highly flavoured Indian basmati rice, its exports to West Asian nations are likely to take a hit owing to the recent move by some to tighten pesticide residue norms without prior intimation. Naturally, […]
Countries around the world raised US $53 billion last year by charging firms for emitting carbon dioxide (CO2), up almost 18 per cent from 2019 as some imposed new levies and prices in some existing schemes rose, the World Bank said in a report on Tuesday. Many countries are using a price on carbon to […]
U.S. Trade Representative Katherine Tai called on Congress to modernize the Cold War-era law that former President Donald Trump used to impose tariffs on imported steel and aluminum. In a testimony before the Senate Finance Committee, Tai said that the authorities under Section 232 of the Trade Act of 1962, were not necessarily well-suited to […]
During trade negotiations last week, India and the EU have agreed to enhance the bilateral trade and investment relationship through the resumption of negotiations for a balanced, ambitious, comprehensive and mutually beneficial trade agreement, eight years after its suspension. The two sides have also agreed to launch negotiations for two key pacts on investment protection […]
India and European Union (EU) agreed to enhance the bilateral trade and investment relationship through the resumption of negotiations for a balanced, ambitious, comprehensive and mutually beneficial trade agreement, eight years after its suspension, the external affairs ministry said. The two sides also agreed to launch negotiations for two key pacts on investment protection and […]
Global coal demand declined 4% in 2020, the biggest drop since World War II. The main driver of the decline was lower electricity demand due to Covid-19 restrictions and the resulting economic downturn, the International Energy Agency’s (IEA) annual Global Energy Review said. Overall, declines in the power sector accounted for over 40% of lower […]
Global wheat production in 2021 is likely to increase and hit a new record of 780 million tonnes, according to FAO’s preliminary forecast, as expectations of a rebound in production in the European Union more than offset weather-impacted production prospects for output in the Russian Federation. Maize production in South Africa is expected to reach […]
After a sharp drop in apparel exports earlier this year due to covid, global shipments have begun to recover and bloated inventories are being thinned down again. However, it is a different story for cotton as unlike apparels output remains nearly the same as before. The ending stocks globally are expected to rise by 22%, […]
